Company Registration No. 01642847 (England and Wales)
Outsmart Out Of Home Limited
Unaudited accounts
for the year ended 31 December 2020
Outsmart Out Of Home Limited
Unaudited accounts
Contents
Outsmart Out Of Home Limited
Company Information
for the year ended 31 December 2020
Directors
T Bleakley
J M B Cochrane
J R Cotterrell
T R Lumb
D C Wiles
Company Number
01642847 (England and Wales)
Registered Office
33 Golden Square
London
W1F 9JT
Accountants
Clearfin Accountants Limited
Churchill House
137-139 Brent Street
London
NW4 4DJ
Outsmart Out Of Home Limited
Statement of financial position
as at
31 December 2020
Cash at bank and in hand
119,152
179,072
Creditors: amounts falling due within one year
(49,939)
(108,719)
Net current assets
137,221
116,145
Net assets
137,345
116,893
Profit and loss account
137,345
116,893
Members' funds
137,345
116,893
For the year ending 31 December 2020 the company was entitled to exemption from audit 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 and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 17 September 2021 and were signed on its behalf by
J M B Cochrane
Director
Company Registration No. 01642847
Outsmart Out Of Home Limited
Notes to the Accounts
for the year ended 31 December 2020
Outsmart Out Of Home Limited is a private company, limited by guarantee, registered in England and Wales, registration number 01642847. The registered office is 33 Golden Square, London, W1F 9JT.
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Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
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.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Computer equipment
33% on cost
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against profit on a straight line basis over the lease term.
Assets held under finance leases and hire purchase contracts are capitalised and depreciated over their useful lives. The corresponding lease or hire purchase obligation is treated in the balance sheet as a liability. The interest element of rental obligations is charged to the profit and loss account over the period of the lease at a constant proportion of the outstanding balance of capital repayments.
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
Outsmart Out Of Home Limited
Notes to the Accounts
for the year ended 31 December 2020
4
Tangible fixed assets
Computer equipment
Cost or valuation
At cost
At 31 December 2020
4,950
At 31 December 2020
4,826
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Debtors: amounts falling due within one year
2020
2019
Trade debtors
64,386
16,146
Accrued income and prepayments
3,622
3,762
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Creditors: amounts falling due within one year
2020
2019
Trade creditors
1,961
36,604
Taxes and social security
7,930
17,675
Other creditors
1,276
674
Deferred income
16,650
26,452
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Company limited by guarantee
The company is limited by guarantee and has no share capital.
There are three classes of Member, being Council Members, Full Members and Associate Members. At 31 December 2020, there were four Council Members, two Full Members, and 40 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 afterward, 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.
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Average number of employees
During the year the average number of employees was 1 (2019: 2).