Out Standard Ltd

	Page
Balance Sheet	1—2
Notes to the Financial Statements	3—5

Registered number: 09965466

		2024		2023
	Notes	£	£	£	£
FIXED ASSETS
Tangible Assets	4		16,736		34,842

			16,736		34,842
CURRENT ASSETS
Debtors	5	43,570		46,836
Cash at bank and in hand		26,375		73,846

		69,945		120,682
Creditors: Amounts Falling Due Within One Year	6	(115,445 )		(101,802 )

NET CURRENT ASSETS (LIABILITIES)			(45,500 )		18,880

TOTAL ASSETS LESS CURRENT LIABILITIES			(28,764 )		53,722

Creditors: Amounts Falling Due After More Than One Year	7		(1,708 )		(5,808 )

NET (LIABILITIES)/ASSETS			(30,472 )		47,914

CAPITAL AND RESERVES
Called up share capital	8		5		5
Share premium account			519,998		519,998
Profit and Loss Account			(550,475 )		(472,089 )

SHAREHOLDERS' FUNDS			(30,472)		47,914

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Out Standard Ltd

Balance Sheet (continued)

As At 31 December 2024

For the year ending 31 December 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their 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.

On behalf of the board

Mr A Lavery Director	Mr S Robinson Director
15 September 2025

The notes on pages 3 to 5 form part of these financial statements.

1. General Information

Out Standard Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 09965466 . The registered office is 4-6 Canfield Place, London, NW6 3BT .

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. Going Concern Disclosure

The financial statements have been prepared on a going concern basis which assumes that the company will continue in operational existence for the foreseeable future. The validity of the assumption depends upon the continued financial support of the company's shareholders.

If the company were unable to continue in existence for the foreseeable future, adjustments would have to be made to reduce the balance sheet values of assets to their recoverable amounts and to provide for any future liabilities that might arise.

2.3. 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.

2.4. 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:

Plant & Machinery	33% straight line
Fixtures & Fittings	33% straight line

2.5. Foreign Currencies

Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate ruling on the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.

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Out Standard Ltd

Notes to the Financial Statements (continued)

For The Year Ended 31 December 2024

3. Average Number of Employees

Average number of employees, including directors, during the year was: 7 (2023: 7)

4. Tangible Assets

	Plant & Machinery	Fixtures & Fittings	Total
	£	£	£
Cost
As at 1 January 2024	25,758	38,600	64,358

As at 31 December 2024	25,758	38,600	64,358

Depreciation
As at 1 January 2024	15,051	14,465	29,516
Provided during the period	5,368	12,738	18,106

As at 31 December 2024	20,419	27,203	47,622

Net Book Value
As at 31 December 2024	5,339	11,397	16,736

As at 1 January 2024	10,707	24,135	34,842

5. Debtors

	2024	2023
	£	£
Due within one year
Trade debtors	41,757	43,110
Amounts owed by participating interests	-	2,330
Other debtors	1,813	1,396

	43,570	46,836

6. Creditors: Amounts Falling Due Within One Year

	2024	2023
	£	£
Trade creditors	31,139	20,774
Bank loans and overdrafts	4,100	4,100
Amounts owed to participating interests	972	-
Other creditors	64,502	66,223
Taxation and social security	14,732	10,705

	115,445	101,802

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Out Standard Ltd

Notes to the Financial Statements (continued)

For The Year Ended 31 December 2024

7. Creditors: Amounts Falling Due After More Than One Year

	2024	2023
	£	£
Bank loans	1,708	5,808

8. Share Capital

	2024	2023
	£	£
Allotted, Called up and fully paid	5	5

9. Related Party Transactions

The company has entered into transactions with Happy Hunting Ltd, an associated company. Happy Hunting Ltd is considered a related party by virtue of common directorships (S Robinson and A Lavery).

During the year the following transactions took place with Happy Hunting Ltd (comparatives are shown in brackets):

• Sales: £73,284 (2023: £86,677)

• Expenses (included in administration costs): £809 (2023: £213)

At the balance sheet date, the following balances were outstanding with Happy Hunting Ltd:

• Trade debtor: £23,280 (2023: £11,875)

• Other debtor: £972 (2023: Other creditor £2,330)

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