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Company Registration No. 07566882 (England and Wales)
OVER-C LTD Unaudited accounts for the year ended 31 December 2023
OVER-C LTD Unaudited accounts Contents
Page
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OVER-C LTD Company Information for the year ended 31 December 2023
Directors
Roger Bridgland BONE Michael Jonathan ELLIOTT Eileen MOLONEY Duncan Murray REID
Company Number
07566882 (England and Wales)
Registered Office
6 MITRE PASSAGE LONDON SE10 0ER ENGLAND
Accountants
Arth Limited 655 Milton Keynes Business Centre Foxhunter Drive Milton Keynes Buckinghamshire MK14 6GD
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OVER-C LTD Statement of financial position as at 31 December 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
28,307 
25,394 
Current assets
Debtors
123,660 
58,021 
Cash at bank and in hand
88,825 
459,689 
212,485 
517,710 
Creditors: amounts falling due within one year
(1,206,015)
(373,263)
Net current (liabilities)/assets
(993,530)
144,447 
Total assets less current liabilities
(965,223)
169,841 
Creditors: amounts falling due after more than one year
(553,280)
(1,780,365)
Net liabilities
(1,518,503)
(1,610,524)
Capital and reserves
Called up share capital
285 
256 
Share premium
13,146,863 
11,102,893 
Capital redemption reserve
- 
759,997 
Profit and loss account
(14,665,651)
(13,473,670)
Shareholders' funds
(1,518,503)
(1,610,524)
For the year ending 31 December 2023 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 4 April 2024 and were signed on its behalf by
Michael Jonathan ELLIOTT Director Company Registration No. 07566882
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OVER-C LTD Notes to the Accounts for the year ended 31 December 2023
1
Statutory information
OVER-C LTD is a private company, limited by shares, registered in England and Wales, registration number 07566882. The registered office is 6 MITRE PASSAGE, LONDON, SE10 0ER, ENGLAND.
2
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.
3
Accounting policies
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.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
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
25% on reducing balance basis
Research and development
Expenditure on research and development is written off in the year in which it is incurred.
Going concern
The directors prepared the financial statement on the going concern basis after assessing the principal risk and considering the likelihood of success in raising the funds.
4
Tangible fixed assets
Computer equipment 
£ 
Cost or valuation
At cost 
At 1 January 2023
93,011 
Additions
12,267 
At 31 December 2023
105,278 
Depreciation
At 1 January 2023
67,617 
Charge for the year
9,354 
At 31 December 2023
76,971 
Net book value
At 31 December 2023
28,307 
At 31 December 2022
25,394 
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OVER-C LTD Notes to the Accounts for the year ended 31 December 2023
5
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
Trade debtors
103,133 
36,467 
Accrued income and prepayments
20,527 
21,554 
123,660 
58,021 
6
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
Bank loans and overdrafts
697,531 
128,328 
Trade creditors
610,374 
330,959 
Taxes and social security
(350,473)
(305,992)
Other creditors
124,180 
6,145 
Loans from directors
5,019 
5,035 
Accruals
43,599 
86,999 
Deferred income
75,785 
121,789 
1,206,015 
373,263 
7
Creditors: amounts falling due after more than one year
2023 
2022 
£ 
£ 
Bank loans
553,280 
14,627 
Other creditors
- 
1,765,738 
553,280 
1,780,365 
8
Average number of employees
During the year the average number of employees was 9 (2022: 9).
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