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Company Registration No. 11768712 (England and Wales)
Outer Limits Ltd Unaudited accounts for the year ended 30 September 2023
Outer Limits Ltd Unaudited accounts Contents
Page
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Outer Limits Ltd Company Information for the year ended 30 September 2023
Directors
Michael Grieve Barry Price
Company Number
11768712 (England and Wales)
Registered Office
20-22 Wenlock Road London N1 7GU England
Accountants
Clarity Accounting (Scotland) Ltd 20 - 23 Woodside Place Glasgow G3 7QL
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Outer Limits Ltd Statement of financial position as at 30 September 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Intangible assets
5,600 
8,400 
Tangible assets
86,673 
96,637 
92,273 
105,037 
Current assets
Debtors
84,990 
86,612 
Cash at bank and in hand
66,186 
184,974 
151,176 
271,586 
Creditors: amounts falling due within one year
(197,656)
(286,646)
Net current liabilities
(46,480)
(15,060)
Net assets
45,793 
89,977 
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
45,693 
89,877 
Shareholders' funds
45,793 
89,977 
For the year ending 30 September 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 20 November 2023 and were signed on its behalf by
Michael Grieve Director Company Registration No. 11768712
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Outer Limits Ltd Notes to the Accounts for the year ended 30 September 2023
1
Statutory information
Outer Limits Ltd is a private company, limited by shares, registered in England and Wales, registration number 11768712. The registered office is 20-22 Wenlock Road, London, N1 7GU, England.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
15% on reducing balance and 10% on cost
Intangible fixed assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.
4
Intangible fixed assets
Goodwill 
£ 
Cost
At 1 October 2022
14,000 
At 30 September 2023
14,000 
Amortisation
At 1 October 2022
5,600 
Charge for the year
2,800 
At 30 September 2023
8,400 
Net book value
At 30 September 2023
5,600 
At 30 September 2022
8,400 
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Outer Limits Ltd Notes to the Accounts for the year ended 30 September 2023
5
Tangible fixed assets
Land & buildings 
Plant & machinery 
Computer equipment 
Total 
£ 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At cost 
At 1 October 2022
69,378 
54,753 
5,095 
129,226 
Additions
- 
2,118 
2,233 
4,351 
At 30 September 2023
69,378 
56,871 
7,328 
133,577 
Depreciation
At 1 October 2022
13,820 
18,769 
- 
32,589 
Charge for the year
6,938 
5,634 
1,743 
14,315 
At 30 September 2023
20,758 
24,403 
1,743 
46,904 
Net book value
At 30 September 2023
48,620 
32,468 
5,585 
86,673 
At 30 September 2022
55,558 
35,984 
5,095 
96,637 
6
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
Trade debtors
22,330 
15,059 
Accrued income and prepayments
11,654 
16,574 
Other debtors
51,006 
54,979 
84,990 
86,612 
7
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
Bank loans and overdrafts
42,352 
50,000 
VAT
43,158 
72,273 
Obligations under finance leases and hire purchase contracts
- 
10,047 
Trade creditors
17,971 
55,123 
Amounts owed to group undertakings and other participating interests
40,194 
28,194 
Taxes and social security
46,745 
64,570 
Other creditors
4,045 
3,045 
Accruals
3,191 
3,394 
197,656 
286,646 
8
Average number of employees
During the year the average number of employees was 55 (2022: 56).
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