Caseware UK (AP4) 2023.0.135 2023.0.135 44false2023-10-01No description of principal activity41truetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 06142911 2023-10-01 2024-09-30 06142911 2022-10-01 2023-09-30 06142911 2024-09-30 06142911 2023-09-30 06142911 c:CompanySecretary1 2023-10-01 2024-09-30 06142911 c:Director1 2023-10-01 2024-09-30 06142911 c:Director2 2023-10-01 2024-09-30 06142911 c:Director3 2023-10-01 2024-09-30 06142911 c:Director4 2023-10-01 2024-09-30 06142911 c:RegisteredOffice 2023-10-01 2024-09-30 06142911 d:Buildings d:ShortLeaseholdAssets 2023-10-01 2024-09-30 06142911 d:Buildings d:ShortLeaseholdAssets 2024-09-30 06142911 d:Buildings d:ShortLeaseholdAssets 2023-09-30 06142911 d:MotorVehicles 2023-10-01 2024-09-30 06142911 d:MotorVehicles 2024-09-30 06142911 d:MotorVehicles 2023-09-30 06142911 d:MotorVehicles d:OwnedOrFreeholdAssets 2023-10-01 2024-09-30 06142911 d:FurnitureFittings 2023-10-01 2024-09-30 06142911 d:FurnitureFittings 2024-09-30 06142911 d:FurnitureFittings 2023-09-30 06142911 d:FurnitureFittings d:OwnedOrFreeholdAssets 2023-10-01 2024-09-30 06142911 d:ComputerEquipment 2023-10-01 2024-09-30 06142911 d:ComputerEquipment 2024-09-30 06142911 d:ComputerEquipment 2023-09-30 06142911 d:ComputerEquipment d:OwnedOrFreeholdAssets 2023-10-01 2024-09-30 06142911 d:OwnedOrFreeholdAssets 2023-10-01 2024-09-30 06142911 d:CurrentFinancialInstruments d:WithinOneYear 2024-09-30 06142911 d:CurrentFinancialInstruments d:WithinOneYear 2023-09-30 06142911 d:ShareCapital 2024-09-30 06142911 d:ShareCapital 2023-09-30 06142911 d:RetainedEarningsAccumulatedLosses 2024-09-30 06142911 d:RetainedEarningsAccumulatedLosses 2023-09-30 06142911 c:OrdinaryShareClass1 2023-10-01 2024-09-30 06142911 c:OrdinaryShareClass1 2024-09-30 06142911 c:OrdinaryShareClass1 2023-09-30 06142911 c:OrdinaryShareClass2 2023-10-01 2024-09-30 06142911 c:OrdinaryShareClass2 2024-09-30 06142911 c:OrdinaryShareClass2 2023-09-30 06142911 c:FRS102 2023-10-01 2024-09-30 06142911 c:AuditExempt-NoAccountantsReport 2023-10-01 2024-09-30 06142911 c:AbridgedAccounts 2023-10-01 2024-09-30 06142911 c:PrivateLimitedCompanyLtd 2023-10-01 2024-09-30 06142911 d:WithinOneYear 2024-09-30 06142911 d:WithinOneYear 2023-09-30 06142911 d:BetweenOneFiveYears 2024-09-30 06142911 d:BetweenOneFiveYears 2023-09-30 06142911 d:MoreThanFiveYears 2024-09-30 06142911 d:MoreThanFiveYears 2023-09-30 06142911 2 2023-10-01 2024-09-30 06142911 e:PoundSterling 2023-10-01 2024-09-30 xbrli:shares iso4217:GBP xbrli:pure
Registered number: 06142911










OUTSIDE LIMITED

Unaudited
Financial statements
Information for filing with the registrar
For the year ended 30 September 2024

 
OUTSIDE LIMITED
 

Company Information


Directors
R Turnbull 
Mrs S Turnbull 
J Turnbull 
R Turnbull 




Company secretary
Mrs J Edey



Registered number
06142911



Registered office
Main Road
Hathersage

Hope Valley

Derbyshire

S32 1BB





 
OUTSIDE LIMITED
Registered number: 06142911

Balance sheet
As at 30 September 2024

2024
2023
Note
£
£

Fixed assets
  

Tangible assets
 4 
34,732
41,675

  
34,732
41,675

Current assets
  

Stocks
  
884,132
958,430

Debtors
  
39,235
47,366

Cash at bank and in hand
  
977,736
685,218

  
1,901,103
1,691,014

Creditors: amounts falling due within one year
  
(1,110,469)
(1,190,110)

Net current assets
  
 
 
790,634
 
 
500,904

Total assets less current liabilities
  
825,366
542,579

Provisions for liabilities
  
(4,330)
-

Net assets
  
821,036
542,579


Capital and reserves
  

Called up share capital 
 6 
100
100

Profit and loss account
  
820,936
542,479

  
821,036
542,579


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 on 29 November 2024.

R Turnbull
Director

The notes on pages 2 to 7 form part of these financial statements.

Page 1

 
OUTSIDE LIMITED
 

 
Notes to the financial statements
For the year ended 30 September 2024

1.


General information

Outside Limited is a private company limited by shares incorporated in England within the United Kingdom.  The address of the registered office is given in the company information page of these financial statements.
The financial statements are presented in sterling which is the functional currency of the company.

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 members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A) of the Companies Act 2006.

The following principal accounting policies have been applied:

 
2.2

Revenue

Turnover is measured at the fair value of the consideration received or receivable net of VAT.  The policies adopted for the recognition of turnover are as follows:
Sale of goods
Turnover from the sale of goods is recognised when significant risks and rewards of ownership of the goods have transferred to the buyer, the amount of turnover can be measured reliably, it is probable that the economic benefits associated with the transaction will flow to the company and the costs incurred or to be incurred in respect of the transaction can be measured reliably.  This is usually on dispatch.

 
2.3

Operating leases: the Company as lessee

Rentals paid under operating leases are charged to profit or loss on a straight-line basis over the lease term.

Benefits received and receivable as an incentive to sign an operating lease are recognised on a straight-line basis over the lease term, unless another systematic basis is representative of the time pattern of the lessee's benefit from the use of the leased asset.

 
2.4

Interest income

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

 
2.5

Pensions

Defined contribution pension plan

The Company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the Company pays fixed contributions into a separate entity. Once the contributions have been paid the Company has no further payment obligations.

The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the Balance sheet. The assets of the plan are held separately from the Company in independently administered funds.

Page 2

 
OUTSIDE LIMITED
 

 
Notes to the financial statements
For the year ended 30 September 2024

2.Accounting policies (continued)

 
2.6

Current and deferred taxation

The tax expense for the year comprises current and deferred tax. Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the Company operates and generates income.

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the balance sheet date, except that:
The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and
Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.

Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

 
2.7

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, .

Depreciation is provided on the following basis:

Short-term leasehold property
-
straight line over the term of lease
Motor vehicles
-
25% reducing balance
Fixtures and fittings
-
15% reducing balance
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.

 
2.8

Stocks

Stocks are stated at the lower of cost and net realisable value, being the estimated selling price less costs to complete and sell. Cost is based on the cost of purchase on a first in, first out basis. Work in progress and finished goods include labour and attributable overheads.

At each balance sheet date, stocks are assessed for impairment. If stock is impaired, the carrying amount is reduced to its selling price less costs to complete and sell. The impairment loss is recognised immediately in profit or loss.

Page 3

 
OUTSIDE LIMITED
 

 
Notes to the financial statements
For the year ended 30 September 2024

2.Accounting policies (continued)

 
2.9

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.

 
2.10

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.

 
2.11

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.

 
2.12

Provisions for liabilities

Provisions are recognised when an event has taken place that gives rise to a legal or constructive obligation, a transfer of economic benefits is probable and a reliable estimate can be made.
Provisions are measured as the best estimate of the amount required to settle the obligation, taking into account the related risks and uncertainties.
 
Increases in provisions are generally charged as an expense to profit or loss.

Page 4

 
OUTSIDE LIMITED
 

 
Notes to the financial statements
For the year ended 30 September 2024

2.Accounting policies (continued)

 
2.13

Financial instruments

The Company has elected to apply the provisions of Section 11 “Basic Financial Instruments” of FRS 102 to all of its financial instruments.

Basic financial assets

Basic financial assets, which include trade and other receivables, cash and bank balances, are initially measured at their transaction price including transaction costs and are subsequently carried at their amortised cost using the effective interest method, less any provision for impairment, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest.

Discounting is omitted where the effect of discounting is immaterial. The Company's cash and cash equivalents, trade and most other receivables due with the operating cycle fall into this category of financial instruments.

Financial liabilities

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instruments any contract that evidences a residual interest in the assets of the Company after the deduction of all its liabilities.

Basic financial liabilities, which include trade and other payables, bank loans and other loans are initially measured at their transaction price after transaction costs. When this constitutes a financing transaction, whereby the debt instrument is measured at the present value of the future receipts discounted at a market rate of interest. Discounting is omitted where the effect of discounting is immaterial.

Debt instruments are subsequently carried at their amortised cost using the effective interest rate method.

Trade payables are obligations to pay for goods and services that have been acquired in the ordinary course of business from suppliers. Trade payables are classified as current liabilities if the payment is due within one year. If not, they represent non-current liabilities. Trade payables are initially recognised at their transaction price and subsequently are measured at amortised cost using the effective interest method. Discounting is omitted where the effect of discounting is immaterial.


3.


Employees

The average monthly number of employees, including directors, during the year was 44 (2023 -41).

Page 5

 
OUTSIDE LIMITED
 

 
Notes to the financial statements
For the year ended 30 September 2024

4.


Tangible fixed assets





Short-term leasehold property
Motor vehicles
Fixtures and fittings
Computer equipment
Total

£
£
£
£
£



Cost or valuation


At 1 October 2023
63,701
9,995
199,184
100,562
373,442


Additions
-
-
-
1,446
1,446



At 30 September 2024

63,701
9,995
199,184
102,008
374,888



Depreciation


At 1 October 2023
63,701
7,623
161,550
98,893
331,767


Charge for the year on owned assets
-
593
5,645
2,151
8,389



At 30 September 2024

63,701
8,216
167,195
101,044
340,156



Net book value



At 30 September 2024
-
1,779
31,989
964
34,732



At 30 September 2023
-
2,372
37,634
1,669
41,675


5.


Creditors: Amounts falling due after more than one year




The following liabilities were secured:




Details of security provided:

There were no outstanding secured creditors at the yearend.


6.


Share capital

2024
2023
£
£
Allotted, called up and fully paid



1 (2023 -1) Ordinary A share of £90.00
90
90
1 (2023 -1) Ordinary B share of £10.00
10
10

100

100


Page 6

 
OUTSIDE LIMITED
 

 
Notes to the financial statements
For the year ended 30 September 2024

7.


Commitments under operating leases

At 30 September 2024 the Company had future minimum lease payments due under non-cancellable operating leases for each of the following periods:

2024
2023
£
£


Not later than 1 year
27,600
18,500

Later than 1 year and not later than 5 years
55,464
55,500

Later than 5 years
-
16,958

83,064
90,958


8.


Related party transactions

Included in creditors due within one year is a loan from the parent company in the sum of £394,038 (2023 - £395,994).  The loan is unsecured, interest free and repayable on demand.


Page 7