Company Registration No. 12268560 (England and Wales)
Outset Think Ltd
Unaudited accounts
for the year ended 31 March 2025
Outset Think Ltd
Unaudited accounts
Contents
Outset Think Ltd
Company Information
for the year ended 31 March 2025
Directors
Silviu Catalin PASARGIU
Andreea Gabriela PASARGIU
Company Number
12268560 (England and Wales)
Registered Office
146 Cwmgarw Road
Upper Brynamman
Ammanford
SA18 1DB
Wales
Outset Think Ltd
Statement of financial position
as at 31 March 2025
Tangible assets
22,660
28,532
Cash at bank and in hand
2,046
1,616
Creditors: amounts falling due within one year
(25,470)
(12,186)
Net current liabilities
(18,871)
(6,970)
Total assets less current liabilities
3,789
21,562
Creditors: amounts falling due after more than one year
-
(21,365)
Called up share capital
100
100
Profit and loss account
3,689
97
Shareholders' funds
3,789
197
For the year ending 31 March 2025 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 22 December 2025 and were signed on its behalf by
Silviu Catalin PASARGIU
Director
Company Registration No. 12268560
Outset Think Ltd
Notes to the Accounts
for the year ended 31 March 2025
Outset Think Ltd is a private company, limited by shares, registered in England and Wales, registration number 12268560. The registered office is 146 Cwmgarw Road, Upper Brynamman, Ammanford, SA18 1DB, Wales.
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.
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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
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: Diminishing value - 20%
4
Tangible fixed assets
Motor vehicles
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At 1 April 2024
32,040
4,703
5,158
41,901
At 31 March 2025
32,040
4,703
5,158
41,901
At 1 April 2024
6,408
2,048
4,913
13,369
Charge for the year
5,126
664
82
5,872
At 31 March 2025
11,534
2,712
4,995
19,241
At 31 March 2025
20,506
1,991
163
22,660
At 31 March 2024
25,632
2,655
245
28,532
Amounts falling due within one year
Outset Think Ltd
Notes to the Accounts
for the year ended 31 March 2025
6
Creditors: amounts falling due within one year
2025
2024
Obligations under finance leases and hire purchase contracts
14,494
-
Taxes and social security
1,664
1,664
Loans from directors
-
5,415
7
Creditors: amounts falling due after more than one year
2025
2024
Obligations under finance leases and hire purchase contracts
-
17,103
8
Average number of employees
During the year the average number of employees was 0 (2024: 0).