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REGISTERED NUMBER: 13552676 (England and Wales)















Unaudited Financial Statements

for the Year Ended 31 August 2023

for

OUTOFTHEBOX TRAINING & CONSULTANCY

OUTOFTHEBOX TRAINING & CONSULTANCY (REGISTERED NUMBER: 13552676)






Contents of the Financial Statements
for the Year Ended 31 August 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


OUTOFTHEBOX TRAINING & CONSULTANCY

Company Information
for the Year Ended 31 August 2023







DIRECTORS: Mrs K D Caroe
Mrs K A Lord





REGISTERED OFFICE: 22 Riverdale Road
Sheffield
South Yorkshire
S10 3FB





REGISTERED NUMBER: 13552676 (England and Wales)





ACCOUNTANTS: S Burgess & Co Ltd
11 Slayleigh Avenue
Sheffield
South Yorkshire
S10 3RA

OUTOFTHEBOX TRAINING & CONSULTANCY (REGISTERED NUMBER: 13552676)

Balance Sheet
31 August 2023

31.8.23 31.8.22
Notes £    £   
CURRENT ASSETS
Stocks 4 9,749 5,864
Debtors 5 4,120 3,392
Cash at bank 7,758 15,050
21,627 24,306
CREDITORS
Amounts falling due within one year 6 9,870 21,312
NET CURRENT ASSETS 11,757 2,994
TOTAL ASSETS LESS CURRENT
LIABILITIES

11,757

2,994

RESERVES
Income and expenditure account 11,757 2,994
11,757 2,994

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 August 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 2023 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its surplus or deficit for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 20 February 2024 and were signed on its behalf by:



Mrs K A Lord - Director


OUTOFTHEBOX TRAINING & CONSULTANCY (REGISTERED NUMBER: 13552676)

Notes to the Financial Statements
for the Year Ended 31 August 2023

1. STATUTORY INFORMATION

Outofthebox Training & Consultancy is a private company, limited by guarantee , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

The significant accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all years presented unless otherwise stated.

Turnover
Turnover comprises fees for membership and training, workshops and retreats, and the sale of story resources, excluding value added tax. Turnover is recognised on the sale of fees for membership and the sale of story resources, and upon the delivery of training, workshops and retreats.

Stocks
Stocks of resources are valued at purchase cost. Cost is calculated using the first in, first out formula. Provision is made for damaged, obsolete and slow-moving stock where appropriate.

Taxation
Taxation for the year comprises current tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Debtors and creditors due within one year
Debtors and creditors with no stated interest rate, which are due within one year, are stated at the transaction price. Any losses arising from impairment are recognised in the statement of comprehensive income within administrative expenses.

Impairment
At each balance sheet date, assets are reviewed to determine whether there is any indication that any of the individual assets have suffered an impairment. If such indication exists, the recoverable amount of the asset, or the assets cash generating unit, is estimated and compared to the carrying amount. Where the carrying amount exceeds its recoverable amount, an impairment loss is recognised in the statement of comprehensive income.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2022 - 2 ) .

OUTOFTHEBOX TRAINING & CONSULTANCY (REGISTERED NUMBER: 13552676)

Notes to the Financial Statements - continued
for the Year Ended 31 August 2023

4. STOCKS
31.8.23 31.8.22
£    £   
Stocks 9,749 5,864

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.8.23 31.8.22
£    £   
Trade debtors 4,120 2,149
Prepayments - 1,243
4,120 3,392

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.8.23 31.8.22
£    £   
Corporation tax 2,055 702
Social security and other taxes 122 -
Other creditors 1,225 -
Directors' current accounts 728 13,824
Accrued expenses 1,440 2,186
Deferred grants 4,300 4,600
9,870 21,312