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REGISTERED NUMBER: 08341370 (England and Wales)












UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 29 FEBRUARY 2024

FOR

OUTLOOK PUBLISHING LTD

OUTLOOK PUBLISHING LTD (REGISTERED NUMBER: 08341370)

ABRIDGED BALANCE SHEET
29 February 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 1 1
Tangible assets 5 160,940 201,316
160,941 201,317

CURRENT ASSETS
Debtors 330,507 329,680
Cash at bank and in hand 1,965,818 2,051,778
2,296,325 2,381,458
CREDITORS
Amounts falling due within one year 1,567,599 1,679,235
NET CURRENT ASSETS 728,726 702,223
TOTAL ASSETS LESS CURRENT
LIABILITIES

889,667

903,540

CREDITORS
Amounts falling due after more than one
year

(31,367

)

(37,996

)

PROVISIONS FOR LIABILITIES (8,262 ) (15,635 )
NET ASSETS 850,038 849,909

RESERVES
Called up share capital 100 100
Retained earnings 849,938 849,809
SHAREHOLDERS' FUNDS 850,038 849,909

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 29 February 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 29 February 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.

OUTLOOK PUBLISHING LTD (REGISTERED NUMBER: 08341370)

ABRIDGED BALANCE SHEET - continued
29 February 2024


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

All the members have consented to the preparation of an abridged Balance sheet for the year ended 29 February 2024 in accordance with Section 444(2A) of the Companies Act 2006.

In accordance with Section 444 of the Companies Act 2006, the Income statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 6 August 2024 and were signed on its behalf by:





B Weaver - Director


OUTLOOK PUBLISHING LTD (REGISTERED NUMBER: 08341370)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 29 February 2024

1. STATUTORY INFORMATION

Outlook Publishing Ltd is a private company, limited by shares and registered in England and Wales. The company's registered number is 08341370 and the registered office is First Floor, Norvic House, 29-33 Chapelfield Road, Norwich, Norfolk, NR2 1RP.

The presentation currency of the financial statements is sterling (£).

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 services, excluding value added tax.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2013, is being amortised evenly over its estimated useful life of three years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Short leasehold - over the period of the lease
Fixtures and fittings - 25% on reducing balance
Motor vehicles - 25% on reducing balance
Office equipment - 33% on cost

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


OUTLOOK PUBLISHING LTD (REGISTERED NUMBER: 08341370)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 29 February 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 58 (2023 - 47 ) .

4. INTANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 March 2023
and 29 February 2024 95,000
AMORTISATION
At 1 March 2023
and 29 February 2024 94,999
NET BOOK VALUE

At 29 February 2024 1
At 28 February 2023 1

OUTLOOK PUBLISHING LTD (REGISTERED NUMBER: 08341370)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 29 February 2024

5. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 March 2023 359,923
Additions 128,940
Disposals (83,938 )
At 29 February 2024 404,925
DEPRECIATION
At 1 March 2023 158,607
Charge for year 108,075
Eliminated on disposal (22,697 )
At 29 February 2024 243,985
NET BOOK VALUE
At 29 February 2024 160,940
At 28 February 2023 201,316

6. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Hire purchase contracts 40,879 49,159

Hire purchase liabilities are secured against the relevant vehicles.

7. RELATED PARTY DISCLOSURES

The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.