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Company Registration No. 09329893 (England and Wales)
Outsized Limited Unaudited accounts for the year ended 31 December 2023
Outsized Limited Unaudited accounts Contents
Page
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Outsized Limited Company Information for the year ended 31 December 2023
Directors
Niclas Arne Svensson Thelander Anurag Bhalla Peter George David Sayburn
Company Number
09329893 (England and Wales)
Registered Office
Unit 2.05 12-18 Hoxton Street London N1 6NG
Accountants
The Accountancy Cloud 1 Fore Street Avenue London EC2Y 9DT
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Outsized Limited Statement of financial position as at 31 December 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Intangible assets
97,047 
83,620 
Tangible assets
908 
82 
Investments
397,153 
375,153 
495,108 
458,855 
Current assets
Debtors
412,093 
205,642 
Cash at bank and in hand
1,646,034 
50,403 
2,058,127 
256,045 
Creditors: amounts falling due within one year
930 
(10,965)
Net current assets
2,059,057 
245,080 
Total assets less current liabilities
2,554,165 
703,935 
Creditors: amounts falling due after more than one year
(33,497)
(525,895)
Net assets
2,520,668 
178,040 
Capital and reserves
Called up share capital
398 
254 
Share premium
3,857,540 
973,331 
Capital contribution reserve
- 
62,891 
Profit and loss account
(1,337,270)
(858,436)
Shareholders' funds
2,520,668 
178,040 
For the year ending 31 December 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 29 July 2024 and were signed on its behalf by
Niclas Arne Svensson Thelander Director Company Registration No. 09329893
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Outsized Limited Notes to the Accounts for the year ended 31 December 2023
1
Statutory information
Outsized Limited is a private company, limited by shares, registered in England and Wales, registration number 09329893. The registered office is Unit 2.05, 12-18 Hoxton Street, London, N1 6NG.
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.
Going concern
The accounts have been prepared on the assumption that the company is able to carry on business as a going concern for the foreseeable future.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Investments
Investments in shares are included at fair value.
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
20% Straight Line
Intangible fixed assets
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation. The period over which these intangible fixed assets have been amortised are over 3 years.
Research and development
Research expenditure is written off in the year in which it is incurred. Development expenditure is written off in the same way unless the directors are satisfied as to the technical, commercial and financial viability of individual projects. In this situation, the expenditure is capitalised within intangible assets and amortised when ready for use. During the financial year, Outsized Limited received a tax credit for qualifying research and development expenditure under the Research and Development tax relief scheme. This is presented as a tax repayment in the Income Statement in line with disclosure requirements under FRS 102.
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Outsized Limited Notes to the Accounts for the year ended 31 December 2023
Research and development tax credit
During the financial year, Outsized Ltd received a tax credit for qualifying research and development expenditure under the Research and Development tax relief scheme. This is presented as a tax repayment in the Statement of Profit or Loss in line with disclosure requirements under FRS 102.
Pension costs
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
Foreign exchange
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rates of exchange ruling at the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
4
Intangible fixed assets
Other 
£ 
Cost
At 1 January 2023
218,555 
Additions
63,454 
At 31 December 2023
282,009 
Amortisation
At 1 January 2023
134,935 
Charge for the year
50,027 
At 31 December 2023
184,962 
Net book value
At 31 December 2023
97,047 
At 31 December 2022
83,620 
5
Tangible fixed assets
Computer equipment 
£ 
Cost or valuation
At cost 
At 1 January 2023
1,915 
Additions
924 
At 31 December 2023
2,839 
Depreciation
At 1 January 2023
1,833 
Charge for the year
98 
At 31 December 2023
1,931 
Net book value
At 31 December 2023
908 
At 31 December 2022
82 
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Outsized Limited Notes to the Accounts for the year ended 31 December 2023
6
Investments
Subsidiary undertakings 
£ 
Valuation at 1 January 2023
375,153 
Additions
22,000 
Valuation at 31 December 2023
397,153 
The company's investments at the balance sheet date comprise 99.03% share capital of Outsized India Pvt Ltd & 100% share capital of Outsized South Africa Pty and Outsized Singapore Pte. Ltd.
7
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
VAT
1,529 
509 
Trade debtors
- 
43,972 
Amounts due from group undertakings etc.
393,624 
136,791 
Accrued income and prepayments
334 
5,745 
Other debtors
16,606 
18,625 
412,093 
205,642 
8
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
Bank loans and overdrafts
5,701 
5,567 
Trade creditors
7,071 
14,957 
Taxes and social security
4,178 
4,178 
Other creditors
(9,346)
- 
Loans from directors
(8,534)
(13,737)
(930)
10,965 
9
Creditors: amounts falling due after more than one year
2023 
2022 
£ 
£ 
Bank loans
33,497 
39,193 
Non-equity preference shares
- 
486,702 
33,497 
525,895 
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Outsized Limited Notes to the Accounts for the year ended 31 December 2023
10
Share capital
2023 
2022 
£ 
£ 
Allotted, called up and fully paid:
30,600 Ordinary shares of £0.01 each
306.00 
254.36 
9,241 Series A Preferred shares of £0.01 each
92.41 
- 
398.41 
254.36 
Shares issued during the period:
5,164 Ordinary shares of £0.01 each
51.64 
9,241 Series A Preferred shares of £0.01 each
92.41 
144.05 
11
Loans to directors
Brought Forward 
Advance/ credit 
Repaid 
Carried Forward 
£ 
£ 
£ 
£ 
Niclas Arne Svensson Thelander
Director's Loan
114 
127 
- 
241 
Anurag Bhalla
Director's Loan
13,623 
33 
5,362 
8,294 
13,737 
160 
5,362 
8,535 
12
Transactions with related parties
At the year end, the following amounts are owed by subsidiaries of Outsized Limited: - Outsized South Africa (Pty) Ltd: £68,691 (2022: £8,000) - Outsized India Private Ltd: £92,068 (2022 - 27,291.88) - Outsized Singapore : £232,865 (2022 - £101,499) The loans are interest free and repayable on demand.
13
Average number of employees
During the year the average number of employees was 0 (2022: 0).
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