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
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
OVER-C LTD
Statement of financial position
as at 31 December 2023
Tangible assets
28,307
25,394
Cash at bank and in hand
88,825
459,689
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)
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
OVER-C LTD
Notes to the Accounts
for the year ended 31 December 2023
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.
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.
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
Expenditure on research and development is written off in the year in which it is incurred.
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
At 31 December 2023
105,278
At 31 December 2023
76,971
At 31 December 2023
28,307
At 31 December 2022
25,394
OVER-C LTD
Notes to the Accounts
for the year ended 31 December 2023
Amounts falling due within one year
Trade debtors
103,133
36,467
Accrued income and prepayments
20,527
21,554
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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
Deferred income
75,785
121,789
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Creditors: amounts falling due after more than one year
2023
2022
Other creditors
-
1,765,738
8
Average number of employees
During the year the average number of employees was 9 (2022: 9).