Registered Number 07777728

OUTSOURCED ENERGY LTD.

Abbreviated Accounts

30 September 2016

OUTSOURCED ENERGY LTD. Registered Number 07777728

Abbreviated Balance Sheet as at 30 September 2016

Notes 2016 2015
£ £
Fixed assets
Tangible assets 2 94,264 16,697
94,264 16,697
Current assets
Stocks 16,704 23,339
Debtors 107,241 52,459
Cash at bank and in hand 85,113 79,622
209,058 155,420
Creditors: amounts falling due within one year (179,993) (117,078)
Net current assets (liabilities) 29,065 38,342
Total assets less current liabilities 123,329 55,039
Creditors: amounts falling due after more than one year (45,754) -
Provisions for liabilities (3,346) (2,566)
Total net assets (liabilities) 74,229 52,473
Capital and reserves
Called up share capital 3 1,000 1,000
Profit and loss account 73,229 51,473
Shareholders' funds 74,229 52,473
  • For the year ending 30 September 2016 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 27 January 2017

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 2016

1Accounting Policies

Basis of measurement and preparation of accounts
The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015).

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 other than freehold land 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 20% and 33% straight line
Motor vehicles 20% straight line

2Tangible fixed assets
£
Cost
At 1 October 2015 26,311
Additions 85,796
Disposals (1,876)
Revaluations -
Transfers -
At 30 September 2016 110,231
Depreciation
At 1 October 2015 9,614
Charge for the year 7,157
On disposals (804)
At 30 September 2016 15,967
Net book values
At 30 September 2016 94,264
At 30 September 2015 16,697
3Called Up Share Capital
Allotted, called up and fully paid:
2016
£
2015
£
2,000 Ordinary shares of £0.50 each 1,000 1,000