OUTLOOK (UK) LIMITED

Company Registration Number:
04086107 (England and Wales)

Unaudited abridged accounts for the year ended 31 October 2023

Period of accounts

Start date: 01 November 2022

End date: 31 October 2023

OUTLOOK (UK) LIMITED

Contents of the Financial Statements

for the Period Ended 31 October 2023

Balance sheet
Notes

OUTLOOK (UK) LIMITED

Balance sheet

As at 31 October 2023


Notes

2023

2022


£

£
Fixed assets
Tangible assets: 3 309,758 439,698
Total fixed assets: 309,758 439,698
Current assets
Stocks: 5,030 5,030
Debtors:   172,808 158,414
Cash at bank and in hand: 20,111 4,655
Total current assets: 197,949 168,099
Creditors: amounts falling due within one year:   (84,839) (119,746)
Net current assets (liabilities): 113,110 48,353
Total assets less current liabilities: 422,868 488,051
Creditors: amounts falling due after more than one year:   (85,028) (27,500)
Total net assets (liabilities): 337,840 460,551
Capital and reserves
Called up share capital: 2 2
Profit and loss account: 337,838 460,549
Shareholders funds: 337,840 460,551

The notes form part of these financial statements

OUTLOOK (UK) LIMITED

Balance sheet statements

For the year ending 31 October 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 30 July 2024
and signed on behalf of the board by:

Name: Akhtar Siddiqui
Status: Director

The notes form part of these financial statements

OUTLOOK (UK) LIMITED

Notes to the Financial Statements

for the Period Ended 31 October 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

Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. 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.

Tangible fixed assets and depreciation policy

Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as followsMotor Vehicles- 6 Years straight linePlant and machinery- 15 percent reducing balanceOffice equipment- 33 percent reducing balance

OUTLOOK (UK) LIMITED

Notes to the Financial Statements

for the Period Ended 31 October 2023

2. Employees

2023 2022
Average number of employees during the period 6 9

OUTLOOK (UK) LIMITED

Notes to the Financial Statements

for the Period Ended 31 October 2023

3. Tangible Assets

Total
Cost £
At 01 November 2022 2,131,102
Additions 129,857
Disposals (1,392,233)
At 31 October 2023 868,726
Depreciation
At 01 November 2022 1,691,404
Charge for year 224,168
On disposals (1,356,604)
At 31 October 2023 558,968
Net book value
At 31 October 2023 309,758
At 31 October 2022 439,698