2 01/09/2023 31/08/2024 2024-08-31 false false false false false false false true false false true false false false false false false false No description of principal activities is disclosed 2023-09-01 Sage Accounts Production 24.0 - FRS102_2024 xbrli:pure xbrli:shares iso4217:GBP 07758121 2023-09-01 2024-08-31 07758121 2024-08-31 07758121 2023-08-31 07758121 2022-09-01 2023-08-31 07758121 2023-08-31 07758121 2022-08-31 07758121 core:PlantMachinery 2023-09-01 2024-08-31 07758121 core:FurnitureFittingsToolsEquipment 2023-09-01 2024-08-31 07758121 core:MotorVehicles 2023-09-01 2024-08-31 07758121 bus:RegisteredOffice 2023-09-01 2024-08-31 07758121 bus:LeadAgentIfApplicable 2023-09-01 2024-08-31 07758121 bus:Director1 2023-09-01 2024-08-31 07758121 bus:Director2 2023-09-01 2024-08-31 07758121 core:FurnitureFittingsToolsEquipment 2023-08-31 07758121 core:LandBuildings core:OwnedOrFreeholdAssets 2024-08-31 07758121 core:FurnitureFittingsToolsEquipment 2024-08-31 07758121 core:RetainedEarningsAccumulatedLosses 2022-09-01 2023-08-31 07758121 core:RetainedEarningsAccumulatedLosses 2023-09-01 2024-08-31 07758121 core:WithinOneYear 2024-08-31 07758121 core:WithinOneYear 2023-08-31 07758121 core:ShareCapital 2024-08-31 07758121 core:ShareCapital 2023-08-31 07758121 core:RetainedEarningsAccumulatedLosses 2024-08-31 07758121 core:RetainedEarningsAccumulatedLosses 2023-08-31 07758121 core:ShareCapital 2022-08-31 07758121 core:RetainedEarningsAccumulatedLosses 2022-08-31 07758121 core:PreviouslyStatedAmount core:ShareCapital 2024-08-31 07758121 core:LandBuildings core:OwnedOrFreeholdAssets 2023-09-01 2024-08-31 07758121 core:CostValuation core:Non-currentFinancialInstruments 2024-08-31 07758121 core:Non-currentFinancialInstruments 2024-08-31 07758121 core:Non-currentFinancialInstruments 2023-08-31 07758121 core:FurnitureFittingsToolsEquipment 2023-08-31 07758121 bus:SmallEntities 2023-09-01 2024-08-31 07758121 bus:AuditExempt-NoAccountantsReport 2023-09-01 2024-08-31 07758121 bus:SmallCompaniesRegimeForAccounts 2023-09-01 2024-08-31 07758121 bus:PrivateLimitedCompanyLtd 2023-09-01 2024-08-31 07758121 bus:FullAccounts 2023-09-01 2024-08-31
Company registration number: 07758121
Outpost Design Ltd
Unaudited filleted financial statements
31 August 2024
Outpost Design Ltd
Contents
Directors and other information
Statement of financial position
Statement of changes in equity
Notes to the financial statements
Outpost Design Ltd
Directors and other information
Directors S Gormley
B Gay
Company number 07758121
Registered office 20 Sunningdale Close
Stanmore
Middlesex
HA7 3QL
Accountants Passer & Co
20 Sunningdale Close
Stanmore
HA7 3QL
Outpost Design Ltd
Statement of financial position
31 August 2024
2024 2023
Note £ £ £ £
Fixed assets
Tangible assets 5 492,287 1,775
Investments 6 94,952 94,952
_______ _______
587,239 96,727
Current assets
Stocks - 40,394
Cash at bank and in hand 76,527 409,757
_______ _______
76,527 450,151
Creditors: amounts falling due
within one year 7 ( 43,835) ( 32,228)
_______ _______
Net current assets 32,692 417,923
_______ _______
Total assets less current liabilities 619,931 514,650
_______ _______
Net assets 619,931 514,650
_______ _______
Capital and reserves
Called up share capital 2 2
Profit and loss account 619,929 514,648
_______ _______
Shareholders funds 619,931 514,650
_______ _______
For the year ending 31 August 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors responsibilities:
- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;
- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of comprehensive income has not been delivered.
These financial statements were approved by the board of directors and authorised for issue on 31 March 2025 , and are signed on behalf of the board by:
S Gormley
Director
Company registration number: 07758121
Outpost Design Ltd
Statement of changes in equity
Year ended 31 August 2024
Called up share capital Profit and loss account Total
£ £ £
At 1 September 2022 2 426,149 426,151
Profit for the year 119,799 119,799
_______ _______ _______
Total comprehensive income for the year - 119,799 119,799
Dividends paid and payable ( 31,300) ( 31,300)
_______ _______ _______
Total investments by and distributions to owners - ( 31,300) ( 31,300)
_______ _______ _______
At 31 August 2023 and 1 September 2023 2 514,648 514,650
Profit for the year 135,366 135,366
_______ _______ _______
Total comprehensive income for the year - 135,366 135,366
Dividends paid and payable ( 30,085) ( 30,085)
_______ _______ _______
Total investments by and distributions to owners - ( 30,085) ( 30,085)
_______ _______ _______
At 31 August 2024 2 619,929 619,931
_______ _______ _______
Outpost Design Ltd
Notes to the financial statements
Year ended 31 August 2024
1. General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 20 Sunningdale Close, Stanmore, Middlesex, HA7 3QL.
2. Statement of compliance
These financial statements have been prepared in compliance with the provisions of FRS 102, Section 1A, 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Turnover
Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax.
Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.
Taxation
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in the statement of comprehensive income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves. In this case, tax is recognised in other comprehensive income or directly in capital and reserves, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised 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 that are expected to apply to the reversal of the timing difference.
Tangible assets
tangible assets are initially recorded at cost, and are subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in capital and reserves, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in capital and reserves in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in capital and reserves in respect of that asset, the excess shall be recognised in profit or loss.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Plant and machinery - 25 % reducing balance
Fittings fixtures and equipment - 25 % reducing balance
Motor vehicles - 25 % reducing balance
If there is an indication that there has been a significant change in depreciation rate, useful life or residual value of tangible assets, the depreciation is revised prospectively to reflect the new estimates.
Fixed asset investments
Fixed asset investments are initially recorded at cost, and subsequently stated at cost less any accumulated impairment losses. Listed investments are measured at fair value with changes in fair value being recognised in profit or loss.
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stocks to their present location and condition.
4. Employee numbers
The average number of persons employed by the company during the year amounted to 2 (2023: 2 ).
5. Tangible assets
Freehold property Fixtures, fittings and equipment Total
£ £ £
Cost
At 1 September 2023 - 8,334 8,334
Additions 490,956 - 490,956
_______ _______ _______
At 31 August 2024 490,956 8,334 499,290
_______ _______ _______
Depreciation
At 1 September 2023 - 6,559 6,559
Charge for the year - 444 444
_______ _______ _______
At 31 August 2024 - 7,003 7,003
_______ _______ _______
Carrying amount
At 31 August 2024 490,956 1,331 492,287
_______ _______ _______
At 31 August 2023 - 1,775 1,775
_______ _______ _______
6. Investments
Other investments other than loans Total
£ £
Cost
At 1 September 2023 and 31 August 2024 94,952 94,952
_______ _______
Impairment
At 1 September 2023 and 31 August 2024 - -
_______ _______
Carrying amount
At 31 August 2024 94,952 94,952
_______ _______
At 31 August 2023 94,952 94,952
_______ _______
7. Creditors: amounts falling due within one year
2024 2023
£ £
Corporation tax 43,835 32,228
_______ _______