REGISTERED NUMBER: |
Unaudited Financial Statements |
for the Period 1 January 2022 to 30 June 2023 |
for |
Overton & Whymark Ltd |
REGISTERED NUMBER: |
Unaudited Financial Statements |
for the Period 1 January 2022 to 30 June 2023 |
for |
Overton & Whymark Ltd |
Overton & Whymark Ltd (Registered number: 09343551) |
Contents of the Financial Statements |
for the Period 1 January 2022 to 30 June 2023 |
Page |
Company Information | 1 |
Balance Sheet | 2 |
Notes to the Financial Statements | 3 |
Overton & Whymark Ltd |
Company Information |
for the Period 1 January 2022 to 30 June 2023 |
DIRECTORS: |
REGISTERED OFFICE: |
REGISTERED NUMBER: |
ACCOUNTANTS: |
9 Byford Court |
Crockatt Road |
Hadleigh |
Suffolk |
IP7 6RD |
Overton & Whymark Ltd (Registered number: 09343551) |
Balance Sheet |
30 June 2023 |
30.6.23 | 31.12.21 |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Tangible assets | 4 |
CURRENT ASSETS |
Stocks |
Debtors | 5 |
Cash at bank |
CREDITORS |
Amounts falling due within one year | 6 |
NET CURRENT LIABILITIES | ( |
) |
TOTAL ASSETS LESS CURRENT LIABILITIES |
PROVISIONS FOR LIABILITIES | 7 |
NET ASSETS |
CAPITAL AND RESERVES |
Called up share capital |
Retained earnings | ( |
) |
SHAREHOLDERS' FUNDS |
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. |
In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered. |
The financial statements were approved by the Board of Directors and authorised for issue on |
Overton & Whymark Ltd (Registered number: 09343551) |
Notes to the Financial Statements |
for the Period 1 January 2022 to 30 June 2023 |
1. | STATUTORY INFORMATION |
Overton & Whymark Ltd is a |
2. | ACCOUNTING POLICIES |
Basis of preparing the financial statements |
Turnover |
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. |
Tangible fixed assets |
Plant and machinery etc | - |
Stocks |
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items. |
Taxation |
Taxation for the period comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. |
Current or deferred taxation assets and liabilities are not discounted. |
Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date. |
Deferred tax |
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date. |
Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the period end and that are expected to apply to the reversal of the timing difference. |
Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. |
Accouting period |
The accounting period for the current financial period is eighteen months long. The reason here is due to the company ceasing to trade as at 30 June 2023 and so all the trading activity of the company can be included in this one financial period. |
Going concern |
The company ceased trading at the end of the current financial period on 30 June 2023. As such the company is not a going concern and the Financial Statements have been prepared on an appropriate basis. |
3. | EMPLOYEES AND DIRECTORS |
The average number of employees during the period was |
Overton & Whymark Ltd (Registered number: 09343551) |
Notes to the Financial Statements - continued |
for the Period 1 January 2022 to 30 June 2023 |
4. | TANGIBLE FIXED ASSETS |
Plant and |
machinery |
etc |
£ |
COST |
At 1 January 2022 |
Disposals | ( |
) |
At 30 June 2023 |
DEPRECIATION |
At 1 January 2022 |
Charge for period |
Eliminated on disposal | ( |
) |
At 30 June 2023 |
NET BOOK VALUE |
At 30 June 2023 |
At 31 December 2021 |
5. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
30.6.23 | 31.12.21 |
£ | £ |
Other debtors |
6. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
30.6.23 | 31.12.21 |
£ | £ |
Trade creditors |
Taxation and social security |
Other creditors |
7. | PROVISIONS FOR LIABILITIES |
30.6.23 | 31.12.21 |
£ | £ |
Deferred tax | - | 3,156 |
Deferred |
tax |
£ |
Balance at 1 January 2022 |
Written off on cessation | (3,156 | ) |
Balance at 30 June 2023 |