Caseware UK (AP4) 2024.0.164 2024.0.164 2024-05-312024-05-31falseThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.2falsetax and accounting consultancyfalse2023-06-13true 14934072 2023-06-12 14934072 2023-06-13 2024-05-31 14934072 2022-06-01 2023-06-12 14934072 2024-05-31 14934072 c:Director1 2023-06-13 2024-05-31 14934072 d:CurrentFinancialInstruments 2024-05-31 14934072 d:CurrentFinancialInstruments d:WithinOneYear 2024-05-31 14934072 d:ShareCapital 2024-05-31 14934072 d:RetainedEarningsAccumulatedLosses 2024-05-31 14934072 c:FRS102 2023-06-13 2024-05-31 14934072 c:AuditExempt-NoAccountantsReport 2023-06-13 2024-05-31 14934072 c:FullAccounts 2023-06-13 2024-05-31 14934072 c:PrivateLimitedCompanyLtd 2023-06-13 2024-05-31 14934072 e:PoundSterling 2023-06-13 2024-05-31 iso4217:GBP xbrli:pure

Registered number: 14934072









OUT OF BALANCE LIMITED







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE PERIOD ENDED 31 MAY 2024

 
OUT OF BALANCE LIMITED
REGISTERED NUMBER: 14934072

BALANCE SHEET
AS AT 31 MAY 2024

2024
Note
£

  

Current assets
  

Debtors: amounts falling due within one year
 4 
4,098

Cash at bank and in hand
 5 
9,407

  
13,505

Creditors: amounts falling due within one year
 6 
(13,530)

Net current (liabilities)/assets
  
 
 
(25)

Total assets less current liabilities
  
(25)

  

Net (liabilities)/assets
  
(25)


Capital and reserves
  

Called up share capital 
  
1

Profit and loss account
  
(26)

  
(25)


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 period 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 Company's financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

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 income and retained earnings 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 28 March 2025.




Andrew Dore
Director

The notes on pages 2 to 3 form part of these financial statements.

Page 1

 
OUT OF BALANCE LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 MAY 2024

1.


General information

The company is a private company, limited by shares, incorporated in England with registration number: 14934072. The company's registerd office is 38 Sunningwell, Abingdon OX13 6RB.  The principal activity of the company in the year under review was that of the provision of tax and accounting services.

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 Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

 
2.2

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:

 
2.3

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.

 
2.4

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.

 
2.5

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.

 
2.6

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.

Page 2

 
OUT OF BALANCE LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 MAY 2024

3.


Employees

The average monthly number of employees, including the directors, during the period was as follows:


          P/E
        31 May
        2024
            No.






Directors
2


4.


Debtors

2024
£


Trade debtors
4,098

4,098



5.


Cash and cash equivalents

2024
£

Cash at bank and in hand
9,407

9,407



6.


Creditors: Amounts falling due within one year

2024
£

Other creditors
465

Accruals and deferred income
13,065

13,530


 
Page 3