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
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
Outer Limits Ltd
Statement of financial position
as at 30 September 2023
Intangible assets
5,600
8,400
Tangible assets
86,673
96,637
Cash at bank and in hand
66,186
184,974
Creditors: amounts falling due within one year
(197,656)
(286,646)
Net current liabilities
(46,480)
(15,060)
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
Outer Limits Ltd
Notes to the Accounts
for the year ended 30 September 2023
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.
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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
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 assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.
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Intangible fixed assets
Goodwill
At 30 September 2023
14,000
At 30 September 2023
8,400
At 30 September 2023
5,600
At 30 September 2022
8,400
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
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
At 30 September 2023
48,620
32,468
5,585
86,673
At 30 September 2022
55,558
35,984
5,095
96,637
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
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Creditors: amounts falling due within one year
2023
2022
Bank loans and overdrafts
42,352
50,000
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
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Average number of employees
During the year the average number of employees was 55 (2022: 56).