Company Registration No. 11859831 (England and Wales)
Business Outreach Ltd
Unaudited accounts
for the year ended 31 March 2024
Business Outreach Ltd
Unaudited accounts
Contents
Business Outreach Ltd
Company Information
for the year ended 31 March 2024
Company Number
11859831 (England and Wales)
Registered Office
11 Roseheath Road
Hounslow
TW4 5HH
Accountants
Majestic Accountants Limited
Profile West, 950 Great West Road
Suite 2, Floor 1
Brentford
Middlesex
TW8 9ES
Business Outreach Ltd
Statement of financial position
as at 31 March 2024
Tangible assets
500,134
450,682
Cash at bank and in hand
3,599
556
Creditors: amounts falling due within one year
(454,918)
(453,670)
Net current liabilities
(451,319)
(453,114)
Total assets less current liabilities
48,815
(2,432)
Provisions for liabilities
Net assets/(liabilities)
39,394
(2,432)
Called up share capital
1
1
Revaluation reserve
40,164
-
Profit and loss account
(771)
(2,433)
Shareholders' funds
39,394
(2,432)
For the year ending 31 March 2024 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.
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 13 August 2024 and were signed on its behalf by
Kamran Babar
Director
Company Registration No. 11859831
Business Outreach Ltd
Notes to the Accounts
for the year ended 31 March 2024
Business Outreach Ltd is a private company, limited by shares, registered in England and Wales, registration number 11859831. The registered office is 11 Roseheath Road , Hounslow , TW4 5HH.
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.
These financial statements for the year ended 31 March 2024 are the first financial statements that comply with FRS 102 Section 1A Small Entities. The date of transition is 1 April 2022.
The transition to FRS 102 Section 1A Small Entities has resulted in a small number of changes in accounting policies to those used previously.
The nature of these changes and their impact on opening equity and profit for the comparative period are explained in the notes below.
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:
Fixtures & fittings
has been depreciated using the straight line method over 3 years.
4
Tangible fixed assets
Land & buildings
Fixtures & fittings
Total
Cost or valuation
At valuation
At cost
At 1 April 2023
450,415
400
450,815
Revaluations
49,585
-
49,585
At 31 March 2024
500,000
400
500,400
Charge for the year
-
133
133
At 31 March 2024
-
266
266
At 31 March 2024
500,000
134
500,134
At 31 March 2023
450,415
267
450,682
Business Outreach Ltd
Notes to the Accounts
for the year ended 31 March 2024
5
Creditors: amounts falling due within one year
2024
2023
Loans from directors
454,918
453,670
6
Average number of employees
During the year the average number of employees was 1 (2023: 1).