Caseware UK (AP4) 2023.0.135 2023.0.135 2024-03-312024-03-312false2023-04-01No description of principal activity2truetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 10448922 2023-04-01 2024-03-31 10448922 2021-11-01 2023-03-31 10448922 2024-03-31 10448922 2023-03-31 10448922 c:Director1 2023-04-01 2024-03-31 10448922 d:ComputerEquipment 2023-04-01 2024-03-31 10448922 d:ComputerEquipment 2024-03-31 10448922 d:ComputerEquipment 2023-03-31 10448922 d:ComputerEquipment d:OwnedOrFreeholdAssets 2023-04-01 2024-03-31 10448922 d:CurrentFinancialInstruments 2024-03-31 10448922 d:CurrentFinancialInstruments 2023-03-31 10448922 d:Non-currentFinancialInstruments 2024-03-31 10448922 d:Non-currentFinancialInstruments 2023-03-31 10448922 d:CurrentFinancialInstruments d:WithinOneYear 2024-03-31 10448922 d:CurrentFinancialInstruments d:WithinOneYear 2023-03-31 10448922 d:Non-currentFinancialInstruments d:AfterOneYear 2024-03-31 10448922 d:Non-currentFinancialInstruments d:AfterOneYear 2023-03-31 10448922 d:Non-currentFinancialInstruments d:BetweenOneTwoYears 2024-03-31 10448922 d:Non-currentFinancialInstruments d:BetweenOneTwoYears 2023-03-31 10448922 d:Non-currentFinancialInstruments d:BetweenTwoFiveYears 2024-03-31 10448922 d:Non-currentFinancialInstruments d:BetweenTwoFiveYears 2023-03-31 10448922 d:ShareCapital 2024-03-31 10448922 d:ShareCapital 2023-03-31 10448922 d:SharePremium 2024-03-31 10448922 d:SharePremium 2023-03-31 10448922 d:RetainedEarningsAccumulatedLosses 2024-03-31 10448922 d:RetainedEarningsAccumulatedLosses 2023-03-31 10448922 c:OrdinaryShareClass1 2023-04-01 2024-03-31 10448922 c:OrdinaryShareClass1 2024-03-31 10448922 c:OrdinaryShareClass1 2023-03-31 10448922 c:OrdinaryShareClass2 2023-04-01 2024-03-31 10448922 c:OrdinaryShareClass2 2024-03-31 10448922 c:OrdinaryShareClass2 2023-03-31 10448922 c:OrdinaryShareClass3 2023-04-01 2024-03-31 10448922 c:OrdinaryShareClass3 2024-03-31 10448922 c:OrdinaryShareClass3 2023-03-31 10448922 c:FRS102 2023-04-01 2024-03-31 10448922 c:AuditExempt-NoAccountantsReport 2023-04-01 2024-03-31 10448922 c:FullAccounts 2023-04-01 2024-03-31 10448922 c:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 10448922 2 2023-04-01 2024-03-31 10448922 6 2023-04-01 2024-03-31 10448922 e:PoundSterling 2023-04-01 2024-03-31 xbrli:shares iso4217:GBP xbrli:pure

Registered number: 10448922









OUTDUSTRY LIMITED







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 MARCH 2024

 
OUTDUSTRY LIMITED
REGISTERED NUMBER: 10448922

BALANCE SHEET
AS AT 31 MARCH 2024

2024
2023
Note
£
£

Fixed assets
  

Tangible assets
 3 
3,436
2,976

Investments
 4 
10
10

  
3,446
2,986

Current assets
  

Debtors: amounts falling due within one year
 5 
420,383
391,794

Cash at bank and in hand
 6 
291,766
109,665

  
712,149
501,459

Creditors: amounts falling due within one year
 7 
(739,486)
(32,203)

Net current (liabilities)/assets
  
 
 
(27,337)
 
 
469,256

Total assets less current liabilities
  
(23,891)
472,242

Creditors: amounts falling due after more than one year
 8 
(9,865)
(24,946)

  

Net (liabilities)/assets
  
(33,756)
447,296


Capital and reserves
  

Called up share capital 
 10 
2
2

Share premium account
  
1,460,000
1,460,000

Profit and loss account
  
(1,493,758)
(1,012,706)

  
(33,756)
447,296


Page 1

 
OUTDUSTRY LIMITED
REGISTERED NUMBER: 10448922
    
BALANCE SHEET (CONTINUED)
AS AT 31 MARCH 2024

The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

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

The Company has opted not to file the statement of comprehensive income in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf by: 




E Peto
Director

Date: 17 September 2024

The notes on pages 3 to 9 form part of these financial statements.

Page 2

 
OUTDUSTRY LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

1.


General information

Outdustry Limited is a limited liability company incorporated in England and Wales with registration number 10448922. The registered office address is 101 New Cavendish Street, London, W1W 6XH.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The following principal accounting policies have been applied:

 
2.2

Going concern

In assessing the ability of the company to operate as a going concern, management have evaluated current and forecasted operational results, as well as funding arrangements and the solvency of the company. As a result, the directors consider it appropriate to prepare the financial statements on a going concern basis.

 
2.3

Exemption from preparing consolidated financial statements

The Company, and the Group headed by it, qualify as small as set out in section 383 of the Companies Act 2006 and the parent and Group are considered eligible for the exemption to prepare consolidated accounts.

 
2.4

Foreign currency translation

Functional and presentation currency

The Company's functional and presentational currency is GBP.

Transactions and balances

Foreign currency transactions are translated into the functional currency using the spot exchange rates at the dates of the transactions.

At each period end foreign currency monetary items are translated using the closing rate. Non-monetary items measured at historical cost are translated using the exchange rate at the date of the transaction and non-monetary items measured at fair value are measured using the exchange rate when fair value was determined.

Page 3

 
OUTDUSTRY LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

2.Accounting policies (continued)

 
2.5

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the contract;
the stage of completion of the contract at the end of the reporting period can be measured reliably; and
the costs incurred and the costs to complete the contract can be measured reliably.

 
2.6

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method.

Depreciation is provided on the following basis:

Computer equipment
-
33%
Straight line

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

 
2.7

Valuation of investments

Investments in subsidiaries are measured at cost less accumulated impairment.

Investments in unlisted Company shares, whose market value can be reliably determined, are remeasured to market value at each balance sheet date. Gains and losses on remeasurement are recognised in the Statement of Comprehensive Income for the period. Where market value cannot be reliably determined, such investments are stated at historic cost less impairment.

Page 4

 
OUTDUSTRY LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

2.Accounting policies (continued)

 
2.8

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

 
2.9

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
2.10

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

 
2.11

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

 
2.12

Interest income

Interest income is recognised in profit or loss using the effective interest method.

 
2.13

Borrowing costs

All borrowing costs are recognised in profit or loss in the year in which they are incurred.

Page 5

 
OUTDUSTRY LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

3.


Tangible fixed assets





Computer equipment

£



Cost or valuation


At 1 April 2023
4,618


Additions
1,664



At 31 March 2024

6,282



Depreciation


At 1 April 2023
1,642


Charge for the year on owned assets
1,204



At 31 March 2024

2,846



Net book value



At 31 March 2024
3,436



At 31 March 2023
2,976


4.


Fixed asset investments





Investments in subsidiary companies

£



Cost or valuation


At 1 April 2023
10



At 31 March 2024
10




Page 6

 
OUTDUSTRY LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

5.


Debtors

2024
2023
£
£


Trade debtors
6,758
38,683

Amounts owed by group undertakings
403,633
331,359

Other debtors
2,975
2,934

Prepayments and accrued income
7,017
2,735

Tax recoverable
-
16,083

420,383
391,794



6.


Cash and cash equivalents

2024
2023
£
£

Cash at bank and in hand
291,766
109,665

291,766
109,665



7.


Creditors: Amounts falling due within one year

2024
2023
£
£

Bank loans
10,649
9,890

Trade creditors
53,144
12,786

Amounts owed to group undertakings
205,789
-

Other taxation and social security
16,237
-

Other creditors
433,668
-

Accruals and deferred income
19,999
9,527

739,486
32,203


Page 7

 
OUTDUSTRY LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

8.


Creditors: Amounts falling due after more than one year

2024
2023
£
£

Bank loans
9,865
24,946

9,865
24,946



9.


Loans


Analysis of the maturity of loans is given below:


2024
2023
£
£

Amounts falling due within one year

Bank loans
10,649
9,890


10,649
9,890

Amounts falling due 1-2 years

Bank loans
9,865
10,043


9,865
10,043

Amounts falling due 2-5 years

Bank loans
-
14,903


-
14,903


20,514
34,836


Page 8

 
OUTDUSTRY LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

10.


Share capital

2024
2023
£
£
Allotted, called up and fully paid



166,000 (2023 - 166,000) A Ordinary shares of £0.00001 each
2
2
34,000 (2023 - 34,000) B Ordinary shares of £0.00001 each
-
-
36,226 (2023 -36,226) C Ordinary shares of £0.00001 each
-
-

2

2




 
Page 9