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OUTSOURCE FINANCIAL SOLUTIONS LTD

Registered Number
12882207
(England and Wales)

Unaudited Financial Statements for the Year ended
30 September 2023

OUTSOURCE FINANCIAL SOLUTIONS LTD
Company Information
for the year from 1 October 2022 to 30 September 2023

Director

MORGAN, Kerry Jayne

Registered Address

27 Purleigh Avenue
Woodford Green
IG8 8DU

Registered Number

12882207 (England and Wales)
OUTSOURCE FINANCIAL SOLUTIONS LTD
Statement of Financial Position
30 September 2023

Notes

2023

2022

£

£

£

£

Fixed assets
Tangible assets310,1114,383
10,1114,383
Current assets
Debtors9,8063,133
Cash at bank and on hand3,8829,390
13,68812,523
Creditors amounts falling due within one year(12,671)(15,694)
Net current assets (liabilities)1,017(3,171)
Total assets less current liabilities11,1281,212
Creditors amounts falling due after one year(9,000)-
Net assets2,1281,212
Capital and reserves
Called up share capital100100
Profit and loss account2,0281,112
Shareholders' funds2,1281,212
The financial statements were approved and authorised for issue by the Director on 3 April 2024, and are signed on its behalf by:
MORGAN, Kerry Jayne
Director
Registered Company No. 12882207
OUTSOURCE FINANCIAL SOLUTIONS LTD
Notes to the Financial Statements
for the year ended 30 September 2023

1.Accounting policies
Statutory information
The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.
Statement of compliance
The financial statements have been prepared in compliance with FRS 102 Section 1A as it applies to the financial statements for the period and there were no material departures from the reporting standard.
Revenue from sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Employee benefits
Short-term employee benefits are measured at the undiscounted amount expected to be paid in exchange for the employee's services to the company. Where employees have accrued short-term benefits which the entity has not paid by the balance sheet date, an accrual is recognised within creditors: amounts falling due within one year together with an associated expense in profit or loss. The liabilities are classified as current obligations in the statement of financial position because they are expected to be settled wholly within twelve months after the end of the period.
Foreign currency translation
Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.
Tangible fixed assets and depreciation
Tangible fixed assets are stated at cost or valuation less depreciation. Depreciation is provided on all tangible fixed assets as follows:
2.Average number of employees

20232022
Average number of employees during the year43
3.Tangible fixed assets

Total

£
Cost or valuation
At 01 October 226,060
Additions6,940
At 30 September 2313,000
Depreciation and impairment
At 01 October 221,677
Charge for year1,212
At 30 September 232,889
Net book value
At 30 September 2310,111
At 30 September 224,383