Overbridge Management Services Ltd
Registered number: 04068701
Balance Sheet
as at 31 March 2023
Notes 2023 2022
£ £
Fixed assets
Tangible assets 3 922 625
Current assets
Debtors 4 1,331 24,396
Cash at bank and in hand 70,041 35,607
71,372 60,003
Creditors: amounts falling due within one year 5 (50,177) (55,374)
Net current assets 21,195 4,629
Net assets 22,117 5,254
Capital and reserves
Called up share capital 100 100
Profit and loss account 22,017 5,154
Shareholders' funds 22,117 5,254
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
…………………………………………..
E Williams
Director
Approved by the board on 21 November 2023
Overbridge Management Services Ltd
Notes to the Accounts
for the year ended 31 March 2023
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Plant and machinery 25% reducing balance
2 Employees 2023 2022
Number Number
Average number of persons employed by the company - -
3 Tangible fixed assets
Plant and machinery etc
£
Cost
At 1 April 2022 6,542
Additions 605
At 31 March 2023 7,147
Depreciation
At 1 April 2022 5,917
Charge for the year 308
At 31 March 2023 6,225
Net book value
At 31 March 2023 922
At 31 March 2022 625
4 Debtors 2023 2022
£ £
Trade debtors 1,331 24,396
5 Creditors: amounts falling due within one year 2023 2022
£ £
Corporation tax 27,986 32,772
Other taxes and social security costs 20,803 20,995
Director's account 197 165
Other creditors 1,191 1,442
50,177 55,374
6 Other information
Overbridge Management Services Ltd is a private company limited by shares and incorporated in England. Its registered office is:
8 New Road
Linslade
Leighton Buzzard
Bedfordshire
LU7 2LX
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