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REGISTERED NUMBER: 13459563 (England and Wales)















Unaudited Financial Statements for the Year Ended 30 June 2023

for

Outpace Imports Limited

Outpace Imports Limited (Registered number: 13459563)






Contents of the Financial Statements
for the Year Ended 30 June 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Outpace Imports Limited

Company Information
for the Year Ended 30 June 2023







DIRECTOR: T Nunn





REGISTERED OFFICE: Unit 44b
Avondale Business Centre
Woodland Way
Bristol
Avon
BS15 1AW





REGISTERED NUMBER: 13459563 (England and Wales)





ACCOUNTANTS: GiLon
Chartered Certified Accountants
6 Chislett Row
Chelmsford
Essex
CM2 9QS

Outpace Imports Limited (Registered number: 13459563)

Balance Sheet
30 June 2023

30.6.23 30.6.22
Notes £    £   
CURRENT ASSETS
Cash at bank 626 1,277

CREDITORS
Amounts falling due within one year 4 2,033 2,083
NET CURRENT LIABILITIES (1,407 ) (806 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(1,407

)

(806

)

CAPITAL AND RESERVES
Called up share capital 5 10 10
Retained earnings (1,417 ) (816 )
SHAREHOLDERS' FUNDS (1,407 ) (806 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 profit or loss 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 director and authorised for issue on 12 March 2024 and were signed by:





T Nunn - Director


Outpace Imports Limited (Registered number: 13459563)

Notes to the Financial Statements
for the Year Ended 30 June 2023

1. STATUTORY INFORMATION

Outpace Imports Limited is a private company, limited by shares , 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.

Going concern
The financial statements have been prepared on the going concern basis, which assumes that the company will continue in operation for the foreseeable future. The director, who is the company's major creditor, has confirmed that he will continue to make available such funds as are needed by the company and, in particular, will not seek repayment of the amounts currently made available that would otherwise place the company in insolvency.

Based on this information, the director believes that the company will have sufficient resources to enable it to continue in existence for the foreseeable future, this being a period of at least twelve months from the date of approval of these financial statements, and that it is therefore appropriate for these financial statements to be prepared on the going concern basis.

Taxation
Taxation for the year comprises current and deferred 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 or deferred 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.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2022 - 1 ) .

4. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.23 30.6.22
£    £   
Other creditors 2,033 2,083

Outpace Imports Limited (Registered number: 13459563)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2023

5. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 30.6.23 30.6.22
value: £    £   
10 Ordinary £1 10 10

6. RELATED PARTY DISCLOSURES

At the balance sheet date the amount due to the director was £1,533 (2022 - £1,533).