Registered number
14815159
Outback Conversions Limited
Filleted Accounts
30 April 2024
Outback Conversions Limited
Registered number: 14815159
Balance Sheet
as at 30 April 2024
Notes 2024
£
Fixed assets
Intangible assets 3 48
Tangible assets 4 3,181
3,229
Current assets
Stocks 5,300
Debtors 5 36
Cash at bank and in hand 2,270
7,606
Creditors: amounts falling due within one year 6 (30,291)
Net current liabilities (22,685)
Net liabilities (19,456)
Capital and reserves
Called up share capital 1
Profit and loss account (19,457)
Shareholders' funds (19,456)
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Mr W Collier
Director
Approved by the board on 14 January 2025
Outback Conversions Limited
Notes to the Accounts
for the period from 19 April 2023 to 30 April 2024
1 Accounting policies
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Intangible fixed assets
Intangible fixed assets are measured at cost less accumulative amortisation and any accumulative impairment losses.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Intangibles over 25 years
Computer equipment over 5 years
Plant and machinery over 5 years
Investments
Investments in subsidiaries, associates and joint ventures are measured at cost less any accumulated impairment losses. Listed investments are measured at fair value. Unlisted investments are measured at fair value unless the value cannot be measured reliably, in which case they are measured at cost less any accumulated impairment losses. Changes in fair value are included in the profit and loss account.
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Provisions
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.
2 Employees 2024
Number
Average number of persons employed by the company 2
3 Intangible fixed assets £
Design registration:
Cost
Additions 50
At 30 April 2024 50
Amortisation
Provided during the period 2
At 30 April 2024 2
Net book value
At 30 April 2024 48
Design registration is being written off in equal annual instalments over its estimated economic life of 25 years.
4 Tangible fixed assets
Computer equipment Plant and machinery etc Total
£ £ £
Cost
Additions 3,329 647 3,976
At 30 April 2024 3,329 647 3,976
Depreciation
Charge for the period 666 129 795
At 30 April 2024 666 129 795
Net book value
At 30 April 2024 2,663 518 3,181
5 Debtors 2024
£
Other debtors 36
6 Creditors: amounts falling due within one year 2024
£
Trade creditors 195
Taxation and social security costs 525
Other creditors 29,571
30,291
7 Grant
The accounting policy adopted for the SWEF grant is the accrual model as revenue based.

The SWEF grant of £2,000 is recognised as other income separately in the profit or loss, over the period necessary to match it with related costs, for which it is intended to compensate, on a systematic basis.

There are no unfulfilled conditions or other contingencies attached to the SWEF grant recognised.

There is no indication of other forms of government assistance from which the entity has directly benefited.
8 Going concern
These accounts have been prepared on a going concern basis. The Director has confirmed that they will continue to provide financial support to the company until such time as it's position improves.
9 Loans to directors
Description and conditions B/fwd Paid Repaid C/fwd
£ £ £ £
Mr W Collier - (7,917) 36,207 28,290
- (7,917) 36,207 28,290
# Related party transactions
Included in Other Creditors is an amount of £28,290 which is owed to the Director, by the company. This amount is undated, unsecured and repayable on demand.
# Controlling party
The company is under the control of Director and majority Shareholder, Mr W Collier.
# Other information
Outback Conversions Limited is a private company limited by shares and incorporated in England. Its registered office is:
1 The Briars
Waterberry Drive
Waterlooville
Hampshire
PO7 7YH
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