Caseware UK (AP4) 2023.0.135 2023.0.135 2024-03-312024-03-312023-04-01falseThe principal activity of the Company continued to be the provision of tennis coaching.56truetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 08327373 2023-04-01 2024-03-31 08327373 2022-04-01 2023-03-31 08327373 2024-03-31 08327373 2023-03-31 08327373 2022-04-01 08327373 c:Director1 2023-04-01 2024-03-31 08327373 d:OfficeEquipment 2023-04-01 2024-03-31 08327373 d:OfficeEquipment 2024-03-31 08327373 d:OfficeEquipment 2023-03-31 08327373 d:OfficeEquipment d:OwnedOrFreeholdAssets 2023-04-01 2024-03-31 08327373 d:CurrentFinancialInstruments 2024-03-31 08327373 d:CurrentFinancialInstruments 2023-03-31 08327373 d:Non-currentFinancialInstruments 2024-03-31 08327373 d:Non-currentFinancialInstruments 2023-03-31 08327373 d:CurrentFinancialInstruments d:WithinOneYear 2024-03-31 08327373 d:CurrentFinancialInstruments d:WithinOneYear 2023-03-31 08327373 d:Non-currentFinancialInstruments d:AfterOneYear 2024-03-31 08327373 d:Non-currentFinancialInstruments d:AfterOneYear 2023-03-31 08327373 d:ShareCapital 2024-03-31 08327373 d:ShareCapital 2023-03-31 08327373 d:SharePremium 2024-03-31 08327373 d:SharePremium 2023-03-31 08327373 d:RetainedEarningsAccumulatedLosses 2024-03-31 08327373 d:RetainedEarningsAccumulatedLosses 2023-03-31 08327373 d:AcceleratedTaxDepreciationDeferredTax 2024-03-31 08327373 d:AcceleratedTaxDepreciationDeferredTax 2023-03-31 08327373 d:OtherDeferredTax 2024-03-31 08327373 d:OtherDeferredTax 2023-03-31 08327373 c:OrdinaryShareClass1 2023-04-01 2024-03-31 08327373 c:OrdinaryShareClass1 2024-03-31 08327373 c:OrdinaryShareClass2 2023-04-01 2024-03-31 08327373 c:OrdinaryShareClass2 2024-03-31 08327373 c:FRS102 2023-04-01 2024-03-31 08327373 c:AuditExempt-NoAccountantsReport 2023-04-01 2024-03-31 08327373 c:FullAccounts 2023-04-01 2024-03-31 08327373 c:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 08327373 e:PoundSterling 2023-04-01 2024-03-31 iso4217:GBP xbrli:shares xbrli:pure

Registered number: 08327373









OVER & IN LIMITED







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 MARCH 2024

 
OVER & IN LIMITED
REGISTERED NUMBER: 08327373

BALANCE SHEET
AS AT 31 MARCH 2024

2024
2023
Note
£
£

FIXED ASSETS
  

Tangible assets
 4 
180
541

  
180
541

CURRENT ASSETS
  

Debtors: amounts falling due within one year
 5 
19,702
13,750

Cash at bank and in hand
  
93,470
112,953

  
113,172
126,703

Creditors: amounts falling due within one year
 6 
(67,803)
(95,823)

NET CURRENT ASSETS
  
 
 
45,369
 
 
30,880

TOTAL ASSETS LESS CURRENT LIABILITIES
  
45,549
31,421

Creditors: amounts falling due after more than one year
 7 
(8,698)
(14,625)

PROVISIONS FOR LIABILITIES
  

Deferred tax
 8 
(18)
(93)

  
 
 
(18)
 
 
(93)

NET ASSETS
  
36,833
16,703


CAPITAL AND RESERVES
  

Called up share capital 
 9 
1
1

Share premium account
  
20,000
20,000

Profit and loss account
  
16,832
(3,298)

  
36,833
16,703


Page 1

 
OVER & IN LIMITED
REGISTERED NUMBER: 08327373
    
BALANCE SHEET (CONTINUED)
AS AT 31 MARCH 2024

The director considers that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared 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 financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf by: 






H Hejazi
Director

Date: 27 July 2024

The notes on pages 3 to 7 form part of these financial statements.

Page 2

 
OVER & IN LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

1.


GENERAL INFORMATION

The Company is a private company limited by shares and incorporated in England and Wales.  Its registered office address is Salisbury House, Station Road, Cambridge, CB1 2LA.
The Company's functional and presentational currency is GBP.

2.ACCOUNTING POLICIES

 
2.1

BASIS OF PREPARATION OF FINANCIAL STATEMENTS

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The following principal accounting policies have been applied:

 
2.2

TURNOVER

Turnover comprises revenue recognised by the Company in respect of tennis coaching and fitness training services supplied during the year, exclusive of Value Added Tax.  Revenue is recognised as the fair value of the consideration received or receivable and is recognised in the period to which it relates.

 
2.3

TANGIBLE FIXED ASSETS

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method.

Depreciation is provided on the following basis:

Office furniture and equipment
-
3 years straight line

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

 
2.4

DEBTORS

Short-term debtors are measured at transaction price, less any impairment.

Page 3

 
OVER & IN LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

2.ACCOUNTING POLICIES (CONTINUED)

 
2.5

CASH AND CASH EQUIVALENTS

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
2.6

CREDITORS

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

 
2.7

PENSIONS

DEFINED CONTRIBUTION PENSION PLAN

The Company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the Company pays fixed contributions into a separate entity. Once the contributions have been paid the Company has no further payment obligations.

The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the Balance Sheet. The assets of the plan are held separately from the Company in independently administered funds.

 
2.8

CURRENT AND DEFERRED TAXATION

The tax expense for the year comprises current and deferred tax. Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the Company operates and generates income.

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the Balance Sheet date, except that:
- The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and
- Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.
Deferred tax balances are not recognised in respect of permanent differences.  Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Page 4

 
OVER & IN LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

3.


EMPLOYEES

The average monthly number of employees, including directors, during the year was 5 (2023 - 6).


4.


TANGIBLE FIXED ASSETS





Office furniture and equipment

£



COST OR VALUATION


At 1 April 2023
3,023



At 31 March 2024

3,023



DEPRECIATION


At 1 April 2023
2,482


Charge for the year on owned assets
361



At 31 March 2024

2,843



NET BOOK VALUE



At 31 March 2024
180



At 31 March 2023
541

Page 5

 
OVER & IN LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

5.


DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024
2023
£
£


Trade debtors
494
1,814

Prepayments and accrued income
19,208
11,936

19,702
13,750



6.


CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024
2023
£
£

Bank loans
6,500
6,500

Trade creditors
174
557

Corporation tax
4,897
3,042

Other taxation and social security
4,371
7,364

Other creditors
44,816
70,803

Accruals and deferred income
7,045
7,557

67,803
95,823


Other creditors include contributions of £249 (2023 - £395) payable to the Company's defined contribution pension scheme at the balance sheet date.
Bank loans represent a Government backed 'Bounce Back Loan' which was drawn down in June 2020.  The loan is 100% guaranteed by the government and there were no fees or interest payable in the first 12 months.  After this initial 12 month period, interest was charged at a fixed rate of 2.5% per annum.


7.


CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2024
2023
£
£

Bank loans
8,698
14,625

8,698
14,625


Bank loans represent a Government backed 'Bounce Back Loan' which was drawn down in June 2020.  The loan is 100% guaranteed by the government and there were no fees or interest payable in the first 12 months.  After this initial 12 month period, interest was charged at a fixed rate of 2.5% per annum.

Page 6

 
OVER & IN LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

8.


DEFERRED TAXATION




2024
2023


£

£






At beginning of year
(93)
(184)


Charged to profit or loss
75
91



AT END OF YEAR
(18)
(93)

The provision for deferred taxation is made up as follows:

2024
2023
£
£


Accelerated capital allowances
45
135

Other short term difference
(27)
(42)

18
93


9.


SHARE CAPITAL

2024
2023
£
£
ALLOTTED, CALLED UP AND FULLY PAID



100 A Ordinary shares of £0.01 each
1
1
25  Ordinary shares of £0.01 each
-
-

1

1


 
Page 7