Abbreviated Company Accounts - OUTSOURCED ENERGY LTD.

Abbreviated Company Accounts - OUTSOURCED ENERGY LTD.


Registered Number 07777728

OUTSOURCED ENERGY LTD.

Abbreviated Accounts

30 September 2015

OUTSOURCED ENERGY LTD. Registered Number 07777728

Abbreviated Balance Sheet as at 30 September 2015

Notes 2015 2014
£ £
Fixed assets
Tangible assets 2 16,697 10,971
16,697 10,971
Current assets
Stocks 23,339 4,457
Debtors 52,459 59,078
Cash at bank and in hand 79,622 2,139
155,420 65,674
Creditors: amounts falling due within one year (117,078) (55,483)
Net current assets (liabilities) 38,342 10,191
Total assets less current liabilities 55,039 21,162
Provisions for liabilities (2,566) (2,194)
Total net assets (liabilities) 52,473 18,968
Capital and reserves
Called up share capital 3 1,000 1,000
Profit and loss account 51,473 17,968
Shareholders' funds 52,473 18,968
  • For the year ending 30 September 2015 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 19 February 2016

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 2015

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 underfloor 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 and equipment are depreciated on a 20% straight line basis.
Motor vehicles are depreciated on a 20% straight line basis.

2Tangible fixed assets
£
Cost
At 1 October 2014 14,989
Additions 11,322
Disposals -
Revaluations -
Transfers -
At 30 September 2015 26,311
Depreciation
At 1 October 2014 4,018
Charge for the year 5,596
On disposals -
At 30 September 2015 9,614
Net book values
At 30 September 2015 16,697
At 30 September 2014 10,971
3Called Up Share Capital
Allotted, called up and fully paid:
2015
£
2014
£
2,000 Ordinary shares of £0.50 each 1,000 1,000