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UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2016 |
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OUTSMART OUT OF HOME LIMITED |
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REGISTERED NUMBER:
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UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2016 |
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FOR |
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OUTSMART OUT OF HOME LIMITED |
OUTSMART OUT OF HOME LIMITED (REGISTERED NUMBER: 01642847) |
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CONTENTS OF THE FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 31 DECEMBER 2016 |
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Company Information | 1 |
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Balance Sheet | 2 |
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Notes to the Financial Statements | 3 |
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OUTSMART OUT OF HOME LIMITED |
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COMPANY INFORMATION |
FOR THE YEAR ENDED 31 DECEMBER 2016 |
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DIRECTORS: |
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SECRETARY: |
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REGISTERED OFFICE: |
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REGISTERED NUMBER: |
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ACCOUNTANTS: |
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CP House |
Otterspool Way |
Watford |
Hertfordshire |
WD25 8HP |
OUTSMART OUT OF HOME LIMITED (REGISTERED NUMBER: 01642847) |
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BALANCE SHEET |
31 DECEMBER 2016 |
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2016 | 2015 |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Tangible assets | 4 |
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CURRENT ASSETS |
Debtors | 5 |
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Cash at bank |
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CREDITORS |
Amounts falling due within one year | 6 |
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NET CURRENT (LIABILITIES)/ASSETS | ( |
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TOTAL ASSETS LESS CURRENT
LIABILITIES |
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PROVISIONS FOR LIABILITIES |
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NET (LIABILITIES)/ASSETS | ( |
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RESERVES |
Deferred liabilities |
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Retained earnings | ( |
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The directors acknowledge their responsibilities for: |
(a) |
ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act
2006 and |
(b) |
preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of
each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company. |
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In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered. |
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The financial statements were approved by the Board of Directors on
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OUTSMART OUT OF HOME LIMITED (REGISTERED NUMBER: 01642847) |
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NOTES TO THE FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 31 DECEMBER 2016 |
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1. | STATUTORY INFORMATION |
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Outsmart Out of Home Limited is a private company which is limited by guarantee and does not have a share |
capital. The company is registered in England and Wales and the company's registered office address and company |
number can be found on the Company Information page. |
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2. | ACCOUNTING POLICIES |
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Basis of preparing the financial statements |
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Turnover |
Turnover represents net invoiced amounts for subscriptions to all classes of members and calls to council members |
in agreed proportions for contributions for specific projects plus amounts receivable from others for sponsorship of |
events, and other services, excluding value added tax. |
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Tangible fixed assets |
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Improvements to property | - |
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Fixtures and fittings | - |
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Computer equipment | - |
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Hire purchase and leasing commitments |
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease. |
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Pension costs and other post-retirement benefits |
The company operates a defined contribution pension scheme. Contributions payable to the company's pension |
scheme are charged to profit or loss in the period to which they relate. |
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3. | EMPLOYEES AND DIRECTORS |
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The average number of employees during the year was
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OUTSMART OUT OF HOME LIMITED (REGISTERED NUMBER: 01642847) |
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NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE YEAR ENDED 31 DECEMBER 2016 |
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4. | TANGIBLE FIXED ASSETS |
Improvements | Fixtures |
to | and | Computer |
property | fittings | equipment | Totals |
£ | £ | £ | £ |
COST |
At 1 January 2016 |
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Additions |
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Disposals | ( |
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At 31 December 2016 |
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DEPRECIATION |
At 1 January 2016 |
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Charge for year |
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Eliminated on disposal | ( |
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At 31 December 2016 |
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NET BOOK VALUE |
At 31 December 2016 |
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At 31 December 2015 |
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5. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2016 | 2015 |
£ | £ |
Member debtors |
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Corporation tax recoverable |
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VAT |
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Prepayments |
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6. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2016 | 2015 |
£ | £ |
Payments on account |
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Creditors services & supplies |
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Corporation tax |
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Social security and other taxes |
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Pension fund | 952 | - |
Accrued expenses |
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Provision for 2017 costs aris- |
ing from vacat. premises early | 38,808 | - |
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OUTSMART OUT OF HOME LIMITED (REGISTERED NUMBER: 01642847) |
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NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE YEAR ENDED 31 DECEMBER 2016 |
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7. | MEMBERS LIABILITY |
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The Company is limited by guarantee. There are three classes of Member, being Council Members, Full Members |
and Associate Members. At 31 December 2016 there were three Council Members, six Full Members and twenty |
eight Associate Members. Each Member of the Association undertakes to contribute to the assets of the Association, |
in the event of the same being wound up during the time that he is a Member, or within one year afterwards, for |
payment of the debts and liabilities of the Association contracted before the time at which he ceases to be a Member, |
and the costs, charges and expenses of winding up the same, and for the adjustment of the rights of the |
contributories amongst themselves, provided that any such contribution by a Member shall not exceed £8,000. |