1 September 2022 false No description of principal activity Taxfiler 2023.15 13022672business:PrivateLimitedCompanyLtd2022-09-012023-08-31 130226722022-08-31 130226722022-09-012023-08-31 13022672business:AuditExemptWithAccountantsReport2022-09-012023-08-31 13022672business:AbridgedAccounts2022-09-012023-08-31 130226722023-08-31 130226722022-08-31 13022672core:WithinOneYear2023-08-31 13022672core:WithinOneYear2022-08-31 13022672core:ShareCapitalcore:PreviouslyStatedAmount2023-08-31 13022672core:ShareCapitalcore:PreviouslyStatedAmount2022-08-31 13022672core:RevaluationReservecore:PreviouslyStatedAmount2023-08-31 13022672core:RevaluationReservecore:PreviouslyStatedAmount2022-08-31 13022672core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2023-08-31 13022672core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2022-08-31 13022672core:PreviouslyStatedAmount2023-08-31 13022672core:PreviouslyStatedAmount2022-08-31 13022672business:SmallEntities2022-09-012023-08-31 13022672business:Director12022-09-012023-08-31 13022672countries:EnglandWales2022-09-012023-08-31 13022672business:RegisteredOffice2022-09-012023-08-31 13022672core:ComputerEquipment2022-09-012023-08-31 13022672core:AcceleratedTaxDepreciationDeferredTax2023-08-31 13022672core:AcceleratedTaxDepreciationDeferredTax2022-08-31 130226722021-08-31 130226722021-09-012022-08-31 iso4217:GBP xbrli:pure
Outhere Digital Ltd Unaudited accounts Contents
Page
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Outhere Digital Ltd Statement of financial position as at 31 August 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Intangible assets
47,950 
32,178 
Tangible assets
704 
704 
48,654 
32,882 
Current assets
Debtors
29,703 
60,996 
Cash at bank and in hand
27,275 
105,568 
56,978 
166,564 
Creditors: amounts falling due within one year
(1,011)
(55,738)
Net current assets
55,967 
110,826 
Total assets less current liabilities
104,621 
143,708 
Provisions for liabilities
Deferred tax
(134)
(134)
Net assets
104,487 
143,574 
Capital and reserves
Called up share capital
1 
1 
Revaluation reserve
7,858 
1,991 
Profit and loss account
96,628 
141,582 
Shareholders' funds
104,487 
143,574 
For the year ending 31 August 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 director acknowledges his 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 the year in accordance with Section 444(2A).
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 and authorised for issue on 26 March 2024 and were signed on its behalf by
E Thomas Director Company Registration No. 13022672
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Outhere Digital Ltd Notes to the Accounts for the year ended 31 August 2023
1
Statutory information
Outhere Digital Ltd is a private company, limited by shares, registered in England and Wales, registration number 13022672. The registered office is Office 2666, 37 Westminster Buildings Theatre Square, Nottingham, NG1 6LG.
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.
Intangible fixed assets
Intangible fixed assets are included at their revalued amount at the end of the year.
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:
Computer equipment
2 years
Deferred taxation
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.
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Outhere Digital Ltd Notes to the Accounts for the year ended 31 August 2023
4
Intangible fixed assets
Total 
£ 
Cost
At 1 September 2022
32,178 
Additions
47,950 
Disposals
(32,178)
At 31 August 2023
47,950 
Amortisation
At 1 September 2022
- 
At 31 August 2023
- 
Net book value
At 31 August 2023
47,950 
At 31 August 2022
32,178 
5
Tangible fixed assets
Total 
£ 
Cost or valuation
At 1 September 2022
1,300 
At 31 August 2023
1,300 
Depreciation
At 1 September 2022
596 
At 31 August 2023
596 
Net book value
At 31 August 2023
704 
At 31 August 2022
704 
6
Deferred taxation
2023 
2022 
£ 
£ 
Accelerated capital allowances
134 
134 
2023 
2022 
£ 
£ 
Provision at start of year
134 
- 
Charged to the profit and loss account
- 
134 
Provision at end of year
134 
134 
7
Transactions with related parties
The director made an interest free loan to the company of £229 (2022: £0). The director reserves the right to charge the company interest at any stage."
8
Average number of employees
During the year the average number of employees was 1 (2022: 1).
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