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Company Registration No. 11768712 (England and Wales)
Outer Limits Ltd Unaudited accounts for the year ended 30 September 2024
Outer Limits Ltd Unaudited accounts Contents
Page
Company information
3
Statement of financial position
4
Notes to the accounts
5
- 2 -
Outer Limits Ltd Company Information for the year ended 30 September 2024
Directors
Michael Grieve Barry Price
Company Number
11768712 (England and Wales)
Registered Office
20-22 Wenlock Road London N1 7GU England
Accountants
Clarity Accounting (Scotland) Ltd 234 West George Street Glasgow G2 4QY
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Outer Limits Ltd Statement of financial position as at 30 September 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Intangible assets
4
4,200 
5,600 
Tangible assets
5
84,129 
86,671 
88,329 
92,271 
Current assets
Debtors
6
227,038 
84,990 
Cash at bank and in hand
19,243 
66,186 
246,281 
151,176 
Creditors: amounts falling due within one year
7
(334,266)
(197,654)
Net current liabilities
(87,985)
(46,478)
Net assets
344 
45,793 
Capital and reserves
Called up share capital
80 
100 
Profit and loss account
264 
45,693 
Shareholders' funds
344 
45,793 
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 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 16 September 2025 and were signed on its behalf by
Michael Grieve Director Company Registration No. 11768712
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Outer Limits Ltd Notes to the Accounts for the year ended 30 September 2024
1
Statutory information
Outer Limits Ltd is a private company, limited by shares, registered in England and Wales, registration number 11768712. The registered office is 20-22 Wenlock Road, London, N1 7GU, England.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
15% on reducing balance and 10% on cost
Intangible fixed 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.
4
Intangible fixed assets
Goodwill 
£ 
Cost
At 1 October 2023
14,000 
At 30 September 2024
14,000 
Amortisation
At 1 October 2023
8,400 
Charge for the year
1,400 
At 30 September 2024
9,800 
Net book value
At 30 September 2024
4,200 
At 30 September 2023
5,600 
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Outer Limits Ltd Notes to the Accounts for the year ended 30 September 2024
5
Tangible fixed assets
Land & buildings 
Plant & machinery 
Computer equipment 
Total 
£ 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At cost 
At 1 October 2023
69,378 
56,870 
7,327 
133,575 
Additions
- 
2,358 
- 
2,358 
At 30 September 2024
69,378 
59,228 
7,327 
135,933 
Depreciation
At 1 October 2023
20,758 
24,403 
1,743 
46,904 
Charge for the year
2,200 
1,500 
1,200 
4,900 
At 30 September 2024
22,958 
25,903 
2,943 
51,804 
Net book value
At 30 September 2024
46,420 
33,325 
4,384 
84,129 
At 30 September 2023
48,620 
32,467 
5,584 
86,671 
6
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Trade debtors
36,555 
22,330 
Accrued income and prepayments
11,654 
11,654 
Other debtors
178,829 
51,006 
227,038 
84,990 
7
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Bank loans and overdrafts
37,733 
42,352 
VAT
51,139 
43,158 
Trade creditors
38,297 
17,971 
Amounts owed to group undertakings and other participating interests
122,239 
40,194 
Taxes and social security
63,070 
46,745 
Other creditors
17,463 
4,043 
Accruals
4,325 
3,191 
334,266 
197,654 
8
Average number of employees
During the year the average number of employees was 55 (2023: 55).
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