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OUTSOURCE FINANCIAL SOLUTIONS LTD

Registered Number
12882207
(England and Wales)

Unaudited Financial Statements for the Year ended
30 September 2024

OUTSOURCE FINANCIAL SOLUTIONS LTD
Company Information
for the year from 1 October 2023 to 30 September 2024

Director

MORGAN, Kerry Jayne

Registered Address

27 Purleigh Avenue
Woodford Green
IG8 8DU

Registered Number

12882207 (England and Wales)
OUTSOURCE FINANCIAL SOLUTIONS LTD
Statement of Financial Position
30 September 2024

Notes

2024

2023

£

£

£

£

Fixed assets
Tangible assets312,53410,111
12,53410,111
Current assets
Debtors9,9717,251
Cash at bank and on hand3,0186,437
12,98913,688
Creditors amounts falling due within one year(17,233)(12,671)
Net current assets (liabilities)(4,244)1,017
Total assets less current liabilities8,29011,128
Creditors amounts falling due after one year(7,100)(9,000)
Net assets1,1902,128
Capital and reserves
Called up share capital100100
Profit and loss account1,0902,028
Shareholders' funds1,1902,128
The financial statements were approved and authorised for issue by the Director on 14 April 2025, and are signed on its behalf by:
MORGAN, Kerry Jayne
Director
Registered Company No. 12882207
OUTSOURCE FINANCIAL SOLUTIONS LTD
Notes to the Financial Statements
for the year ended 30 September 2024

1.Accounting policies
Statutory information
The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.
Statement of compliance
The financial statements have been prepared in compliance with FRS 102 Section 1A as it applies to the financial statements for the period and there were no material departures from the reporting standard.
Revenue from sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. 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.
Employee benefits
Short-term employee benefits are measured at the undiscounted amount expected to be paid in exchange for the employee's services to the company. Where employees have accrued short-term benefits which the entity has not paid by the balance sheet date, an accrual is recognised within creditors: amounts falling due within one year together with an associated expense in profit or loss. The liabilities are classified as current obligations in the statement of financial position because they are expected to be settled wholly within twelve months after the end of the period.
Foreign currency translation
Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.
Tangible fixed assets and depreciation
Tangible fixed assets are stated at cost or valuation less depreciation. Depreciation is provided on all tangible fixed assets as follows:
2.Average number of employees

20242023
Average number of employees during the year44
3.Tangible fixed assets

Total

£
Cost or valuation
At 01 October 2313,000
Additions5,023
At 30 September 2418,023
Depreciation and impairment
At 01 October 232,889
Charge for year2,600
At 30 September 245,489
Net book value
At 30 September 2412,534
At 30 September 2310,111