OUTSOURCED PRINT LTD

Company Registration Number:
14043325 (England and Wales)

Unaudited abridged accounts for the year ended 30 April 2023

Period of accounts

Start date: 12 April 2022

End date: 30 April 2023

OUTSOURCED PRINT LTD

Contents of the Financial Statements

for the Period Ended 30 April 2023

Balance sheet
Notes

OUTSOURCED PRINT LTD

Balance sheet

As at 30 April 2023


Notes

13 months to 30 April 2023


£
Called up share capital not paid: 0
Fixed assets
Intangible assets: 3 1,500
Tangible assets:   0
Investments:   0
Total fixed assets: 1,500
Current assets
Stocks: 0
Debtors:   0
Cash at bank and in hand: 0
Investments:   0
Total current assets: 0
Creditors: amounts falling due within one year:   0
Net current assets (liabilities): 0
Total assets less current liabilities: 1,500
Creditors: amounts falling due after more than one year:   0
Provision for liabilities: 0
Total net assets (liabilities): 1,500
Capital and reserves
Called up share capital: 1,000
Share premium account: 500
Revaluation reserve: 0
Other reserves: 0
Profit and loss account: 0
Shareholders funds: 1,500

The notes form part of these financial statements

OUTSOURCED PRINT LTD

Balance sheet statements

For the year ending 30 April 2023 the company was entitled to exemption 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.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A).

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The directors have chosen to not file a copy of the company’s profit & loss account.

This report was approved by the board of directors on 01 January 2024
and signed on behalf of the board by:

Name: Alexander Redfarn
Status: Director

The notes form part of these financial statements

OUTSOURCED PRINT LTD

Notes to the Financial Statements

for the Period Ended 30 April 2023

1. Accounting policies

These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

Turnover policy

For Outsourced Print Ltd, turnover primarily represents revenue generated from printing services provided to clients. Revenue is recognised in the accounting period in which the services are rendered. For contracts spanning multiple accounting periods, revenue is recognised proportionally based on the stage of completion of the transaction at the end of the reporting period. The company strictly adheres to the accrual basis of accounting, ensuring that revenue is matched with the expenses incurred in earning it, irrespective of the actual cash flows.

Tangible fixed assets and depreciation policy

Tangible fixed assets, including printing equipment and machinery, are capitalised at their original purchase cost. Depreciation on these assets is calculated using the straight-line method over their estimated useful lives. The company reviews the residual values and useful lives of its assets annually and adjusts the depreciation rates prospectively if expectations differ from previous estimates. Any gain or loss arising from the disposal or retirement of an asset is determined as the difference between the sales proceeds and the carrying amount of the asset and is recognised in the income statement.

Intangible fixed assets and amortisation policy

Intangible assets, such as software and licences used in the business operations of Outsourced Print Ltd, are initially recorded at cost. These assets are amortised on a straight-line basis over their estimated useful lives, reflecting the pattern in which the asset's economic benefits are consumed by the company. The estimated useful life and the amortisation method are reviewed at least annually and adjusted if the impact of changes in circumstances significantly alters the expected pattern of economic benefits from these assets.

Valuation and information policy

Valuation information for Outsourced Print Ltd is based on historical cost. Assets and liabilities are carried at their cost less any accumulated depreciation, amortisation, and impairment losses. The company does not revalue its assets and liabilities to reflect fair market values, as it primarily operates on a historical cost basis. This approach provides consistency and comparability in financial reporting.

Other accounting policies

Inventory Accounting: Inventory, comprising raw materials like paper and ink, is valued at the lower of cost and net realisable value. Cost is determined using the First-In, First-Out (FIFO) method.Employee Benefits: Employee benefits such as wages and salaries are recognised as an expense in the period employees render the related service. Any accrued but unpaid wages are recognised as a liability.Leases: Leases are classified as either finance leases or operating leases. Payments made under operating leases are recognised as an expense on a straight-line basis over the lease term.Financial Instruments: Financial assets and liabilities are recognised on the company’s balance sheet when the company becomes a party to the contractual provisions of the instrument and are initially measured at fair value.Note on Operational Status: During the period, Outsourced Print Ltd did not hold any funds, indicating an absence of cash flow activities typically seen in active businesses. However, the company was not dormant as it maintained its operational readiness, asset base, and readiness to engage in business activities. This operational status is reflected in the accounting policies which assume the continuation of business activities.

OUTSOURCED PRINT LTD

Notes to the Financial Statements

for the Period Ended 30 April 2023

2. Employees

13 months to 30 April 2023
Average number of employees during the period 2

OUTSOURCED PRINT LTD

Notes to the Financial Statements

for the Period Ended 30 April 2023

3. Intangible Assets

Total
Cost £
Additions 0
Disposals 0
Revaluations 0
Transfers 1,500
At 30 April 2023 1,500
Amortisation
Charge for year 0
On disposals 0
Other adjustments 0
At 30 April 2023 0
Net book value
At 30 April 2023 1,500

OUTSOURCED PRINT LTD

Notes to the Financial Statements

for the Period Ended 30 April 2023

4. Financial commitments

Outsourced Print Ltd, during the reported period, did not engage in active trading activities, as indicated by the absence of cash flow typically associated with day-to-day business operations. This implies that the company did not generate revenue, incur routine expenses, or engage in transactions that would affect its cash position during this time. However, it's important to note that the company was not in a dormant state.