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Registered number: 13358238
Outtrip International Ltd
Unaudited Financial Statements
For The Year Ended 30 April 2024
ChadSan Limited
Castle House
Castle Street
Guildford
GU1 3UW
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 13358238
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 1,746 -
1,746 -
CURRENT ASSETS
Debtors 5 27,142 8,912
Cash at bank and in hand 34,112 24,367
61,254 33,279
Creditors: Amounts Falling Due Within One Year 6 (2,237 ) (1,584 )
NET CURRENT ASSETS (LIABILITIES) 59,017 31,695
TOTAL ASSETS LESS CURRENT LIABILITIES 60,763 31,695
NET ASSETS 60,763 31,695
CAPITAL AND RESERVES
Called up share capital 7 1,048 1,048
Share premium account 29,663 29,663
Other reserves 154,846 105,473
Profit and Loss Account (124,794 ) (104,489 )
SHAREHOLDERS' FUNDS 60,763 31,695
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For the year ending 30 April 2024 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
Mrs Liliana Barck
Director
31st January 2025
The notes on pages 3 to 5 form part of these financial statements.
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Notes to the Financial Statements
1. General Information
Outtrip International Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 13358238 . The registered office is Castle House, Castle Street, Guildford, Surrey, GU1 3UW.
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 includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Rendering of services
Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. 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. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. 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:
Computer Equipment 25% on cost
2.4. Foreign Currencies
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate ruling on the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
2.5. Grants
Grants are recognised in the profit and loss account in an appropriate manner that matches them with the expenditure towards which they are intended to contribute.
Grants for immediate financial support or to cover costs already incurred are recognised immediately in the profit and loss account. Grants towards general activities of the entity over a specific period are recognised in the profit and loss account over that period.
Grants towards fixed assets are recognised over the expected useful lives of the related assets and are treated as deferred income and released to the profit and loss account over the useful life of the asset concerned.
All grants in the profit and loss account are recognised when all conditions for receipt have been complied with.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 1 (2023: 1)
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4. Tangible Assets
Computer Equipment
£
Cost
As at 1 May 2023 -
Additions 2,241
As at 30 April 2024 2,241
Depreciation
As at 1 May 2023 -
Provided during the period 495
As at 30 April 2024 495
Net Book Value
As at 30 April 2024 1,746
As at 1 May 2023 -
5. Debtors
2024 2023
£ £
Due within one year
Other debtors 27,097 8,867
Due after more than one year
Other debtors 45 45
27,142 8,912
6. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 1,666 1,539
Bank loans and overdrafts 394 -
Other creditors 177 -
Taxation and social security - 45
2,237 1,584
7. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 1,048 1,048
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8. Related Party Transactions
Included in administrative cost there is £10,766 (2023: £5,551) invoiced from the director to the company for the consultancy services provided during the year. 
9. Ultimate Controlling Party
The company has no ultimate controlling party.
10. Grants
During the year, £98,976 (2023: £Nil) was received under the AWS Impact Accelerator programme. The grant was 100% recognised in the year.
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