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REGISTERED NUMBER: 03380599








Unaudited Financial Statements

for the Year Ended 30 September 2024

for

OUT OF HAND LIMITED

OUT OF HAND LIMITED (REGISTERED NUMBER: 03380599)






Contents of the Financial Statements
for the year ended 30 September 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


OUT OF HAND LIMITED

Company Information
for the year ended 30 September 2024







DIRECTORS: W Long
Mrs M E Long
N D Muntz
Mrs S Richardson
M D Wride





SECRETARY: Mrs M E Long





REGISTERED OFFICE: Hebron House
Sion Road
Bedminster
Bristol
BS3 3BD





REGISTERED NUMBER: 03380599





ACCOUNTANTS: Mitchell Glanville (Bristol) Limited
c/o MGB Accountants - Suite 22
Trym Lodge, 1 Henbury Road
Westbury-on-Trym
Bristol
BS9 3HQ

OUT OF HAND LIMITED (REGISTERED NUMBER: 03380599)

Balance Sheet
30 September 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 11,000 14,700
Tangible assets 5 712,417 713,802
Investments 6 5,590 5,590
729,007 734,092

CURRENT ASSETS
Stocks 89,120 76,550
Debtors 7 659,316 716,050
Cash at bank and in hand 175,466 181,553
923,902 974,153
CREDITORS
Amounts falling due within one year 8 1,051,500 1,175,958
NET CURRENT LIABILITIES (127,598 ) (201,805 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

601,409

532,287

CREDITORS
Amounts falling due after more than one year 9 503,811 387,031
NET ASSETS 97,598 145,256

CAPITAL AND RESERVES
Called up share capital 10 100 100
Share premium 10,410 10,410
Retained earnings 87,088 134,746
SHAREHOLDERS' FUNDS 97,598 145,256

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 27 June 2025 and were signed on its behalf by:



Mrs S Richardson - Director


OUT OF HAND LIMITED (REGISTERED NUMBER: 03380599)

Notes to the Financial Statements
for the year ended 30 September 2024

1. STATUTORY INFORMATION

Out Of Hand Limited is a private company, limited by shares , registered in Not specified/Other. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Websites are being amortised evenly over their estimated useful life of ten years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Long leasehold - 20% on cost
Plant and machinery - 15% on cost
Fixtures and fittings - 25% on reducing balance
Motor vehicles - 25% on reducing balance
Office equipment - 50% on reducing balance

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost.

Stocks
Stocks and work in progress are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

OUT OF HAND LIMITED (REGISTERED NUMBER: 03380599)

Notes to the Financial Statements - continued
for the year ended 30 September 2024

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 47 (2023 - 47 ) .

4. INTANGIBLE FIXED ASSETS
Other
intangible
assets
£   
COST
At 1 October 2023
and 30 September 2024 39,000
AMORTISATION
At 1 October 2023 24,300
Charge for year 3,700
At 30 September 2024 28,000
NET BOOK VALUE
At 30 September 2024 11,000
At 30 September 2023 14,700

5. TANGIBLE FIXED ASSETS
Freehold Long Plant and
property leasehold machinery
£    £    £   
COST
At 1 October 2023 529,427 14,718 233,517
Additions - - 24,727
Disposals - - -
At 30 September 2024 529,427 14,718 258,244
DEPRECIATION
At 1 October 2023 - 7,467 125,030
Charge for year - 518 22,768
At 30 September 2024 - 7,985 147,798
NET BOOK VALUE
At 30 September 2024 529,427 6,733 110,446
At 30 September 2023 529,427 7,251 108,487

OUT OF HAND LIMITED (REGISTERED NUMBER: 03380599)

Notes to the Financial Statements - continued
for the year ended 30 September 2024

5. TANGIBLE FIXED ASSETS - continued

Fixtures
and Motor Office
fittings vehicles equipment Totals
£    £    £    £   
COST
At 1 October 2023 42,893 98,451 150,287 1,069,293
Additions 400 22,001 12,463 59,591
Disposals - (15,932 ) - (15,932 )
At 30 September 2024 43,293 104,520 162,750 1,112,952
DEPRECIATION
At 1 October 2023 38,088 50,184 134,722 355,491
Charge for year 1,276 12,699 7,783 45,044
At 30 September 2024 39,364 62,883 142,505 400,535
NET BOOK VALUE
At 30 September 2024 3,929 41,637 20,245 712,417
At 30 September 2023 4,805 48,267 15,565 713,802

6. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£   
COST
At 1 October 2023
and 30 September 2024 5,590
NET BOOK VALUE
At 30 September 2024 5,590
At 30 September 2023 5,590

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 476,018 453,584
Amounts owed by group undertakings 16,911 31,974
Other debtors 166,387 230,492
659,316 716,050

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 60,936 59,729
Hire purchase contracts 12,881 45,859
Trade creditors 384,508 542,806
Amounts owed to group undertakings 41,243 10,991
Taxation and social security 229,051 194,962
Other creditors 322,881 321,611
1,051,500 1,175,958

OUT OF HAND LIMITED (REGISTERED NUMBER: 03380599)

Notes to the Financial Statements - continued
for the year ended 30 September 2024

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Bank loans 144,534 247,031
Hire purchase contracts 19,277 -
Other creditors 340,000 140,000
503,811 387,031

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
100 Ordinary £1 100 100

11. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 30 September 2024 and 30 September 2023:

2024 2023
£    £   
M D Wride
Balance outstanding at start of year 153 -
Amounts advanced - 153
Amounts repaid - -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year - 153

12. ULTIMATE CONTROLLING PARTY

The controlling party is W Long.