Acorah Software Products - Accounts Production 15.0.600 false true 31 December 2022 1 January 2022 false 1 January 2023 31 December 2023 31 December 2023 07880417 Mr Andrew Fountain Mrs Elaine Fountain Mr James Fountain Ms Rebecca Fountain iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 07880417 2022-12-31 07880417 2023-12-31 07880417 2023-01-01 2023-12-31 07880417 frs-core:CurrentFinancialInstruments 2023-12-31 07880417 frs-core:Non-currentFinancialInstruments 2023-12-31 07880417 frs-core:PlantMachinery 2023-12-31 07880417 frs-core:PlantMachinery 2023-01-01 2023-12-31 07880417 frs-core:PlantMachinery 2022-12-31 07880417 frs-core:ShareCapital 2023-12-31 07880417 frs-core:RetainedEarningsAccumulatedLosses 2023-12-31 07880417 frs-bus:PrivateLimitedCompanyLtd 2023-01-01 2023-12-31 07880417 frs-bus:FilletedAccounts 2023-01-01 2023-12-31 07880417 frs-bus:SmallEntities 2023-01-01 2023-12-31 07880417 frs-bus:AuditExempt-NoAccountantsReport 2023-01-01 2023-12-31 07880417 frs-bus:SmallCompaniesRegimeForAccounts 2023-01-01 2023-12-31 07880417 frs-bus:Director1 2023-01-01 2023-12-31 07880417 frs-bus:Director1 2022-12-31 07880417 frs-bus:Director1 2023-12-31 07880417 frs-bus:Director2 2023-01-01 2023-12-31 07880417 frs-bus:Director2 2022-12-31 07880417 frs-bus:Director2 2023-12-31 07880417 frs-bus:Director3 2023-01-01 2023-12-31 07880417 frs-bus:Director4 2023-01-01 2023-12-31 07880417 frs-core:CurrentFinancialInstruments 1 2023-12-31 07880417 frs-countries:EnglandWales 2023-01-01 2023-12-31 07880417 2021-12-31 07880417 2022-12-31 07880417 2022-01-01 2022-12-31 07880417 frs-core:CurrentFinancialInstruments 2022-12-31 07880417 frs-core:Non-currentFinancialInstruments 2022-12-31 07880417 frs-core:ShareCapital 2022-12-31 07880417 frs-core:RetainedEarningsAccumulatedLosses 2022-12-31 07880417 frs-core:CurrentFinancialInstruments 1 2022-12-31
Registered number: 07880417
Outsourced Compliance Services Ltd
Unaudited Financial Statements
For The Year Ended 31 December 2023
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 07880417
2023 2022
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 2,304 1,686
2,304 1,686
CURRENT ASSETS
Debtors 5 15,136 6,679
Cash at bank and in hand 81,175 86,909
96,311 93,588
Creditors: Amounts Falling Due Within One Year 6 (24,975 ) (18,695 )
NET CURRENT ASSETS (LIABILITIES) 71,336 74,893
TOTAL ASSETS LESS CURRENT LIABILITIES 73,640 76,579
Creditors: Amounts Falling Due After More Than One Year 7 (6,333 ) (10,333 )
NET ASSETS 67,307 66,246
CAPITAL AND RESERVES
Called up share capital 8 100 100
Profit and Loss Account 67,207 66,146
SHAREHOLDERS' FUNDS 67,307 66,246
Page 1
Page 2
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.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr Andrew Fountain
Director
28 August 2024
The notes on pages 3 to 5 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Outsourced Compliance Services Ltd Registered number 07880417 is a limited by shares company incorporated in England & Wales. The Registered Office is 82 High Street, Wootton, Northampton, NN4 6JR.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover comprises revenue earned from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Plant & Machinery 33% on cost
2.4. Registrar Filing Requirements
The company has taken advantage of Companies Act 2006 section 444(1) and opted not to file the profit and loss account, directors report, and notes to the financial statements relating to the profit and loss account.
3. Average Number of Employees
The average number of employees, including directors, during the year was: 2 (2022: 2)
2 2
4. Tangible Assets
Plant & Machinery
£
Cost
As at 1 January 2023 3,461
Additions 1,838
Disposals (1,501 )
As at 31 December 2023 3,798
Depreciation
As at 1 January 2023 1,775
Provided during the period 1,220
Disposals (1,501 )
As at 31 December 2023 1,494
...CONTINUED
Page 3
Page 4
Net Book Value
As at 31 December 2023 2,304
As at 1 January 2023 1,686
5. Debtors
2023 2022
£ £
Due within one year
Trade debtors 4,868 3,474
Directors' current accounts 10,268 3,205
15,136 6,679
6. Creditors: Amounts Falling Due Within One Year
2023 2022
£ £
Bank loans and overdrafts 4,000 4,000
Corporation tax 15,942 13,975
Other taxes and social security 209 -
VAT 4,103 -
Accruals and deferred income 721 720
24,975 18,695
7. Creditors: Amounts Falling Due After More Than One Year
2023 2022
£ £
Bank loans 6,333 10,333
8. Share Capital
2023 2022
£ £
Allotted, Called up and fully paid 100 100
Page 4
Page 5
9. Directors Advances, Credits and Guarantees
Included within Debtors are the following loans to directors:
As at 1 January 2023 Amounts advanced Amounts repaid Amounts written off As at 31 December 2023
£ £ £ £ £
Mr Andrew Fountain 3,205 5,134 (3,205 ) - 5,134
Mrs Elaine Fountain - 5,134 - - 5,134
The above loans are unsecured, interest free and have been repaid in full since the year end.
Dividends paid to directors
2023 2022
£ £
Mr James Fountain 1,000 2,000
Mrs Elaine Fountain 4,000 3,000
Mr Andrew Fountain 53,800 27,000
Ms Rebecca Fountain 1,000 2,000
Page 5