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REGISTERED NUMBER: 03570003 (England and Wales)
















Financial Statements

for the Year Ended 30 April 2024

for

Outsource Safety Limited

Outsource Safety Limited (Registered number: 03570003)

Contents of the Financial Statements
for the Year Ended 30 April 2024










Page

Company Information 1

Report of the Accountants 2

Balance Sheet 3

Notes to the Financial Statements 5


Outsource Safety Limited

Company Information
for the Year Ended 30 April 2024







DIRECTORS: R M Hart
Mrs A F Hart





REGISTERED OFFICE: The Works
Brewery Yard
Paganhill
Stroud
Gloucestershire
GL5 4JW





REGISTERED NUMBER: 03570003 (England and Wales)





ACCOUNTANTS: GCSD Accountants Limited
701 Stonehouse Park
Sperry Way
Stonehouse
Gloucestershire
GL10 3UT

Outsource Safety Limited

Report of the Accountants to the Directors of
Outsource Safety Limited


The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements and the related notes from the company's accounting records and from information and explanations you have given us.

This report is made solely to the Board of Directors as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements and state those matters that we have agreed to state to the Board of Directors, as a body, in this report. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the Company and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that the Company has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit. You consider that the Company is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of the Company. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






GCSD Accountants Limited


9 August 2024

Outsource Safety Limited (Registered number: 03570003)

Balance Sheet
30 April 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 45,230 8,148

CURRENT ASSETS
Stocks 961 2,073
Debtors 5 113,036 235,488
Cash at bank 279,447 190,791
393,444 428,352
CREDITORS
Amounts falling due within one year 6 91,126 142,119
NET CURRENT ASSETS 302,318 286,233
TOTAL ASSETS LESS CURRENT
LIABILITIES

347,548

294,381

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 347,448 294,281
SHAREHOLDERS' FUNDS 347,548 294,381

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

Outsource Safety Limited (Registered number: 03570003)

Balance Sheet - continued
30 April 2024


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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 9 August 2024 and were signed on its behalf by:





R M Hart - Director


Outsource Safety Limited (Registered number: 03570003)

Notes to the Financial Statements
for the Year Ended 30 April 2024


1. STATUTORY INFORMATION

Outsource Safety 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.

Turnover
Turnover represents net invoiced sales of goods and services, excluding value added tax.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Improvements to property - 10% on cost
Fixtures and fittings - 25% on cost
Motor vehicles - 25% on cost

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.


Outsource Safety Limited (Registered number: 03570003)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2024


2. ACCOUNTING POLICIES - continued
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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2023 - 2 ) .

Outsource Safety Limited (Registered number: 03570003)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2024


4. TANGIBLE FIXED ASSETS
Improvements Fixtures
to and Motor
property fittings vehicles Totals
£    £    £    £   
COST
At 1 May 2023 - 32,662 465 33,127
Additions 4,000 7,265 41,950 53,215
At 30 April 2024 4,000 39,927 42,415 86,342
DEPRECIATION
At 1 May 2023 - 24,514 465 24,979
Charge for year 300 5,345 10,488 16,133
At 30 April 2024 300 29,859 10,953 41,112
NET BOOK VALUE
At 30 April 2024 3,700 10,068 31,462 45,230
At 30 April 2023 - 8,148 - 8,148

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 65,858 80,023
Other debtors 47,178 155,465
113,036 235,488

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 34,973 63,311
Taxation and social security 34,134 68,156
Other creditors 22,019 10,652
91,126 142,119

Outsource Safety Limited (Registered number: 03570003)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2024


7. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 30 April 2024 and 30 April 2023:

2024 2023
£    £   
R M Hart
Balance outstanding at start of year 108,409 59,459
Amounts advanced 121,786 57,680
Amounts repaid (200,312 ) (8,730 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 29,883 108,409

Interest has been charged on the overdrawn balance at the official rate of interest of 2%.