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Registered number: 09208723
Outsourced Acc Limited
ABRIDGED Financial Statements
For The Year Ended 30 September 2024
Outsourced ACC Ltd
High Street Centre, 137-139 High Street
Beckenham
Kent
BR3 1AG
Contents
Page
Balance Sheet 1—2
Notes to the Abridged Financial Statements 3—6
Page 1
Balance Sheet
Registered number: 09208723
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 378,661 405,201
Investments 5 13,650 -
392,311 405,201
CURRENT ASSETS
Debtors 6 66,501 55,058
Cash at bank and in hand 85,417 43,897
151,918 98,955
Creditors: Amounts Falling Due Within One Year 7 (140,687 ) (107,926 )
NET CURRENT ASSETS (LIABILITIES) 11,231 (8,971 )
TOTAL ASSETS LESS CURRENT LIABILITIES 403,542 396,230
Creditors: Amounts Falling Due After More Than One Year 8 (55,499 ) (69,059 )
PROVISIONS FOR LIABILITIES
Provisions For Charges (47,577 ) (18,000 )
NET ASSETS 300,466 309,171
CAPITAL AND RESERVES
Called up share capital 9 100,000 100,000
Profit and Loss Account 200,466 209,171
SHAREHOLDERS' FUNDS 300,466 309,171
Page 1
Page 2
For the year ending 30 September 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his 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.
All of the company's members have consented to the preparation of an Abridged Profit and Loss Account for the year end 30 September 2024 in accordance with section 444(2A) of the Companies Act 2006.
On behalf of the board
Mr Quraish Adamally
Director
10th June 2025
The notes on pages 3 to 6 form part of these financial statements.
Page 2
Page 3
Notes to the Abridged Financial Statements
1. General Information
Outsourced Acc Limited is a private company, limited by shares, incorporated in England & Wales, registered number 09208723 . The registered office is High Street Centre, 137-139 High Street, Beckenham, Kent, BR3 1AG.
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.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
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:
Leasehold 5%
Motor Vehicles 20%
Fixtures & Fittings 5%
Computer Equipment 10%
2.4. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
...CONTINUED
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Page 4
2.4. Taxation - continued
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
Current and deferred tax are recognised in profit or loss for the year, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case current and deferred tax are recognised in other comprehensive income or directly in equity respectively.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 9 (2023: 10)
9 10
4. Tangible Assets
Land & Property
Leasehold Motor Vehicles Fixtures & Fittings Computer Equipment Total
£ £ £ £ £
Cost
As at 1 October 2023 - 132,072 338,914 35,646 506,632
Additions 7,283 - 11,850 2,518 21,651
Disposals - - (383 ) - (383 )
As at 30 September 2024 7,283 132,072 350,381 38,164 527,900
Depreciation
As at 1 October 2023 - 10,951 71,374 19,106 101,431
Provided during the period 254 26,415 17,547 3,592 47,808
As at 30 September 2024 254 37,366 88,921 22,698 149,239
Net Book Value
As at 30 September 2024 7,029 94,706 261,460 15,466 378,661
As at 1 October 2023 - 121,121 267,540 16,540 405,201
Page 4
Page 5
5. Investments
Listed
£
Cost
As at 1 October 2023 -
Additions 13,650
As at 30 September 2024 13,650
Provision
As at 1 October 2023 -
As at 30 September 2024 -
Net Book Value
As at 30 September 2024 13,650
As at 1 October 2023 -
6. Debtors
2024 2023
£ £
Due within one year
Trade debtors 66,501 55,058
7. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 34,459 66,297
Corporation tax 25,070 8,093
Other taxes and social security 7,238 6,807
VAT 21,452 24,181
Other creditors 17,589 1,437
Pension liability 2,839 1,111
Accruals and deferred income 32,040 -
140,687 107,926
Page 5
Page 6
8. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Bank loans 15,393 26,041
Other creditors 5,393 8,793
Deposit payable 32,713 30,845
Residential deposits 2,000 3,380
55,499 69,059
9. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 100,000 100,000
Page 6