Outbuild Limited - Filleted accounts

Registered number

03312558

Outbuild Limited

Filleted Accounts

31 March 2026

Outbuild Limited
Registered number:		03312558
Balance Sheet
as at 31 March 2026

Notes			2026			2025
£				£
Fixed assets
Tangible assets	3		96,476			-

Current assets
Stocks		36,229			-
Debtors	4	276,590			138,619
Cash at bank and in hand		8,593			1,335
		321,412			139,954

Creditors: amounts falling due within one year	5	(261,515)			(88,037)

Net current assets			59,897			51,917

Total assets less current liabilities			156,373			51,917

Creditors: amounts falling due after more than one year	6		(56,340)			(1,810)



Net assets			100,033			50,107

Capital and reserves
Called up share capital			2			2
Profit and loss account			100,031			50,105

Shareholder's funds			100,033			50,107

The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.



Mr D J Boyall
Director
Approved by the board on 21 May 2026

Outbuild Limited
Notes to the Accounts
for the year ended 31 March 2026


1	Accounting policies

	Basis of preparation
	The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).

	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 from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. 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.

	Tangible fixed assets
	Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:

	Plant and machinery	20% reducing balance

	Stocks
	Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.

	Debtors
	Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.

	Creditors

	Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.

	Taxation
	A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period.

	Foreign currency translation
	Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.

	Leased assets
	A lease is classified as a finance lease if it transfers substantially all the risks and rewards incidental to ownership. All other leases are classified as operating leases. The rights of use and obligations under finance leases are initially recognised as assets and liabilities at amounts equal to the fair value of the leased assets or, if lower, the present value of the minimum lease payments. Minimum lease payments are apportioned between the finance charge and the reduction in the outstanding liability using the effective interest rate method. The finance charge is allocated to each period during the lease so as to produce a constant periodic rate of interest on the remaining balance of the liability. Leased assets are depreciated in accordance with the company's policy for tangible fixed assets. If there is no reasonable certainty that ownership will be obtained at the end of the lease term, the asset is depreciated over the lower of the lease term and its useful life. Operating lease payments are recognised as an expense on a straight line basis over the lease term.

	Pensions
	Contributions to defined contribution plans are expensed in the period to which they relate.


2	Employees		2026		2025
Number				Number

	Average number of persons employed by the company		13		1


3	Tangible fixed assets
					Plant and machinery etc
£
	Cost
	Additions				96,476
	At 31 March 2026				96,476

	Depreciation
	At 31 March 2026				-

	Net book value
	At 31 March 2026				96,476


4	Debtors		2026		2025
£				£

	Trade debtors		71,797		83,384
	Other debtors		204,793		55,235
			276,590		138,619


5	Creditors: amounts falling due within one year		2026		2025
£				£

	Bank loans and overdrafts		1,200		1,200
	Trade creditors		113,685		57,086
	Taxation and social security costs		34,165		25,387
	Other creditors		112,465		4,364
			261,515		88,037


6	Creditors: amounts falling due after one year		2026		2025
£				£

	Bank loans		1,340		1,810
	Trade creditors		17,500		-
	Other creditors		37,500		-
			56,340		1,810


7	Other information

	Outbuild Limited is a private company limited by shares and incorporated in England. Its registered office is:
	109a Dyke Road
	Brighton
	East Sussex
	BN1 3JE