Abbreviated Company Accounts - OUTSOURCED ENERGY LTD.

Abbreviated Company Accounts - OUTSOURCED ENERGY LTD.


Registered Number 07777728

OUTSOURCED ENERGY LTD.

Abbreviated Accounts

30 September 2014

OUTSOURCED ENERGY LTD. Registered Number 07777728

Abbreviated Balance Sheet as at 30 September 2014

Notes 2014 2013
£ £
Fixed assets
Tangible assets 2 10,971 4,084
10,971 4,084
Current assets
Stocks 4,457 -
Debtors 59,078 2,664
Cash at bank and in hand 2,139 8,550
65,674 11,214
Creditors: amounts falling due within one year (55,483) (4,572)
Net current assets (liabilities) 10,191 6,642
Total assets less current liabilities 21,162 10,726
Provisions for liabilities (2,194) -
Total net assets (liabilities) 18,968 10,726
Capital and reserves
Called up share capital 3 1,000 1
Profit and loss account 17,968 10,725
Shareholders' funds 18,968 10,726
  • For the year ending 30 September 2014 the company was entitled to exemption 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 in accordance with the provisions applicable to companies subject to the small companies regime.

Approved by the Board on 17 April 2015

And signed on their behalf by:
Mr J P Knight, Director

OUTSOURCED ENERGY LTD. Registered Number 07777728

Notes to the Abbreviated Accounts for the period ended 30 September 2014

1Accounting Policies

Basis of measurement and preparation of accounts
The accounts have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities effective April 2008.

Turnover policy
Turnover represents amounts receivable for the design and installation of under floor heating systems, net of VAT and trade discounts.

Tangible assets depreciation policy
Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost less estimated residual value of each asset over its expected useful life, as follows:

Fixtures, fittings & equipment - depreciated on a 20% straight line basis
Motor vehicles - depreciated on a 20% straight line basis

2Tangible fixed assets
£
Cost
At 1 October 2013 5,105
Additions 9,884
Disposals -
Revaluations -
Transfers -
At 30 September 2014 14,989
Depreciation
At 1 October 2013 1,021
Charge for the year 2,997
On disposals -
At 30 September 2014 4,018
Net book values
At 30 September 2014 10,971
At 30 September 2013 4,084
3Called Up Share Capital
Allotted, called up and fully paid:
2014
£
2013
£
2,000ordinary shares of £0.50 each (1 shares for 2013) 1,000 1