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REGISTERED NUMBER: 02672579 (England and Wales)




















Unaudited Financial Statements

for the Year Ended 31 March 2024

for

Outlook Limited
T/A
Kingfisher

Outlook Limited (Registered number: 02672579)
T/A Kingfisher






Contents of the Financial Statements
for the Year Ended 31 March 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Outlook Limited
T/A Kingfisher

Company Information
for the Year Ended 31 March 2024







DIRECTORS: M Cole
C Cole





SECRETARY: Mrs K Cole





REGISTERED OFFICE: Unit 7 Great Western Trade Park
Bruce Street Bridges
Swindon
Wiltshire
SN2 2DJ





REGISTERED NUMBER: 02672579 (England and Wales)

Outlook Limited (Registered number: 02672579)
T/A Kingfisher

Balance Sheet
31 March 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 39,536 49,148

CURRENT ASSETS
Stocks 5 30,655 36,977
Debtors 6 77,145 47,937
Cash at bank and in hand 143,740 174,320
251,540 259,234
CREDITORS
Amounts falling due within one year 7 112,294 144,813
NET CURRENT ASSETS 139,246 114,421
TOTAL ASSETS LESS CURRENT
LIABILITIES

178,782

163,569

PROVISIONS FOR LIABILITIES (9,627 ) (8,843 )

ACCRUALS AND DEFERRED INCOME (70,345 ) -
NET ASSETS 98,810 154,726

CAPITAL AND RESERVES
Called up share capital 100 100
Revaluation reserve 1 1
Retained earnings 98,709 154,625
SHAREHOLDERS' FUNDS 98,810 154,726

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 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.

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 7 November 2024 and were signed on its behalf by:





M Cole - Director


Outlook Limited (Registered number: 02672579)
T/A Kingfisher

Notes to the Financial Statements
for the Year Ended 31 March 2024

1. STATUTORY INFORMATION

Outlook 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.

The financial statement are presented in Sterling which is the functional currency of the company and rounded to the nearest £.

Turnover
Turnover is measured at the fair value of consideration received or receivable net of VAT and trade discounts. The policies adopted for the recognition of turnover are as follows:

Supply and fit glazing sales
Turnover is usually recognised on completion of the service. For engagements that span the year end turnover is recognised by reference to the stage of completion at the balance sheet date.
Where payments are received from customer in advance of services provided the amounts are recorded as deferred income and included as part of creditors due within one year.

Supply glazing only sales
Turnover is recognised at the point of sale.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery - 25% on reducing balance
Fixtures and fittings - 20% on reducing balance
Motor vehicles - 20% on reducing balance

Tangible fixed assets are stated at cost or valuation less accumulated depreciation and accumulated impairment losses. Cost includes costs directly attributable to making the asset capable of operating as intended by management.
Tangible assets are derecognised on disposal or when no future economic benefits are expected. On disposal, the difference between the net disposal proceeds and the carrying amount is recognised in profit or loss.

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.


Outlook Limited (Registered number: 02672579)
T/A Kingfisher

Notes to the Financial Statements - continued
for the Year Ended 31 March 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
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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.

Cash and cash equivalents
Cash and cash equivalents includes cash in hand, deposits held at call with banks and other short-term highly liquid investments with original maturities of three months or less.

Debtors and creditors
Debtors and creditors with no stated interest rate and receivable and payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account in other administrative expenses.

Government grants
Government grants are recognised based on the accrual model and are measured at the fair value of the asset received or receivable. Grants are classified as relating either to revenue or to assets. Grants relating to revenue are recognised in income over the period in which the related costs are recognised. Grants relating to assets are recognised over the expected useful life of the asset. Where part of a grant relating to an asset is deferred, it is recognised as deferred income.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 11 (2023 - 11 ) .

Outlook Limited (Registered number: 02672579)
T/A Kingfisher

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor
machinery fittings vehicles Totals
£    £    £    £   
COST
At 1 April 2023 6,809 29,425 98,886 135,120
Additions - 1,778 - 1,778
Disposals - (17,274 ) (17,471 ) (34,745 )
At 31 March 2024 6,809 13,929 81,415 102,153
DEPRECIATION
At 1 April 2023 6,329 23,241 56,402 85,972
Charge for year 120 1,438 8,448 10,006
Eliminated on disposal - (16,503 ) (16,858 ) (33,361 )
At 31 March 2024 6,449 8,176 47,992 62,617
NET BOOK VALUE
At 31 March 2024 360 5,753 33,423 39,536
At 31 March 2023 480 6,184 42,484 49,148

Fixed assets, included in the above, which are held under hire purchase contracts or finance leases are as follows:
Motor
vehicles
£   
COST
At 1 April 2023 17,724
Transfer to ownership (17,724 )
At 31 March 2024 -
DEPRECIATION
At 1 April 2023 10,616
Transfer to ownership (10,616 )
At 31 March 2024 -
NET BOOK VALUE
At 31 March 2024 -
At 31 March 2023 7,108

5. STOCKS
2024 2023
£    £   
Stocks 30,655 36,977

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 55,857 21,368
Rent deposit - 10,000
Other debtors - 213
Directors' current accounts 10,000 -
Prepayments 11,288 16,356
77,145 47,937

Outlook Limited (Registered number: 02672579)
T/A Kingfisher

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 50,168 77,984
Tax 4,082 10,274
Social security and other taxes 13,704 14,200
VAT 33,124 30,545
Other creditors 2,407 2,143
Accrued expenses 8,809 9,667
112,294 144,813

8. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
2024 2023
£    £   
Within one year 45,150 30,690
Between one and five years 180,600 -
In more than five years 214,462 -
440,212 30,690

9. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 March 2024 and 31 March 2023:

2024 2023
£    £   
M Cole
Balance outstanding at start of year - -
Amounts advanced 16,350 -
Amounts repaid (6,350 ) -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 10,000 -