Overbridge Management Services Ltd
Registered number: 04068701
Balance Sheet
as at 31 March 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 691 922
Current assets
Debtors 4 - 1,331
Cash at bank and in hand 140,120 70,041
140,120 71,372
Creditors: amounts falling due within one year 5 (75,675) (50,177)
Net current assets 64,445 21,195
Net assets 65,136 22,117
Capital and reserves
Called up share capital 100 100
Profit and loss account 65,036 22,017
Shareholders' funds 65,136 22,117
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 26 July 2024
Overbridge Management Services Ltd
Notes to the Accounts
for the year ended 31 March 2024
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 2024 2023
Number Number
Average number of persons employed by the company - -
3 Tangible fixed assets
Plant and machinery etc
£
Cost
At 1 April 2023 7,147
At 31 March 2024 7,147
Depreciation
At 1 April 2023 6,225
Charge for the year 231
At 31 March 2024 6,456
Net book value
At 31 March 2024 691
At 31 March 2023 922
4 Debtors 2024 2023
£ £
Trade debtors - 1,331
5 Creditors: amounts falling due within one year 2024 2023
£ £
Trade creditors 18 -
Corporation tax 49,396 27,986
Other taxes and social security costs 24,702 20,803
Director's account 379 197
Other creditors 1,180 1,191
75,675 50,177
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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