Caseware UK (AP4) 2023.0.135 2023.0.135 2024-03-312024-03-3152023-04-01falseNo description of principal activity5truetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 07588214 2023-04-01 2024-03-31 07588214 2022-04-01 2023-03-31 07588214 2024-03-31 07588214 2023-03-31 07588214 c:Director1 2023-04-01 2024-03-31 07588214 d:Buildings d:LongLeaseholdAssets 2023-04-01 2024-03-31 07588214 d:Buildings d:LongLeaseholdAssets 2024-03-31 07588214 d:Buildings d:LongLeaseholdAssets 2023-03-31 07588214 d:PlantMachinery 2023-04-01 2024-03-31 07588214 d:PlantMachinery 2024-03-31 07588214 d:PlantMachinery 2023-03-31 07588214 d:PlantMachinery d:OwnedOrFreeholdAssets 2023-04-01 2024-03-31 07588214 d:MotorVehicles 2023-04-01 2024-03-31 07588214 d:MotorVehicles 2024-03-31 07588214 d:MotorVehicles 2023-03-31 07588214 d:MotorVehicles d:OwnedOrFreeholdAssets 2023-04-01 2024-03-31 07588214 d:FurnitureFittings 2023-04-01 2024-03-31 07588214 d:FurnitureFittings 2024-03-31 07588214 d:FurnitureFittings 2023-03-31 07588214 d:FurnitureFittings d:OwnedOrFreeholdAssets 2023-04-01 2024-03-31 07588214 d:ComputerEquipment 2023-04-01 2024-03-31 07588214 d:ComputerEquipment 2024-03-31 07588214 d:ComputerEquipment 2023-03-31 07588214 d:ComputerEquipment d:OwnedOrFreeholdAssets 2023-04-01 2024-03-31 07588214 d:OtherPropertyPlantEquipment 2023-04-01 2024-03-31 07588214 d:OtherPropertyPlantEquipment 2024-03-31 07588214 d:OtherPropertyPlantEquipment 2023-03-31 07588214 d:OtherPropertyPlantEquipment d:OwnedOrFreeholdAssets 2023-04-01 2024-03-31 07588214 d:OwnedOrFreeholdAssets 2023-04-01 2024-03-31 07588214 d:Goodwill 2024-03-31 07588214 d:Goodwill 2023-03-31 07588214 d:CurrentFinancialInstruments 2024-03-31 07588214 d:CurrentFinancialInstruments 2023-03-31 07588214 d:CurrentFinancialInstruments d:WithinOneYear 2024-03-31 07588214 d:CurrentFinancialInstruments d:WithinOneYear 2023-03-31 07588214 d:ShareCapital 2024-03-31 07588214 d:ShareCapital 2023-03-31 07588214 d:RetainedEarningsAccumulatedLosses 2024-03-31 07588214 d:RetainedEarningsAccumulatedLosses 2023-03-31 07588214 c:FRS102 2023-04-01 2024-03-31 07588214 c:AuditExempt-NoAccountantsReport 2023-04-01 2024-03-31 07588214 c:FullAccounts 2023-04-01 2024-03-31 07588214 c:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 07588214 d:AcceleratedTaxDepreciationDeferredTax 2024-03-31 07588214 d:AcceleratedTaxDepreciationDeferredTax 2023-03-31 07588214 e:PoundSterling 2023-04-01 2024-03-31 iso4217:GBP xbrli:pure

Registered number: 07588214










OVERBURY INTERIORS LIMITED








UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 MARCH 2024

 
OVERBURY INTERIORS LIMITED
REGISTERED NUMBER: 07588214

STATEMENT OF FINANCIAL POSITION
AS AT 31 MARCH 2024

2024
2023
Note
£
£

Fixed assets
  

Tangible assets
 4 
5,573
7,027

  
5,573
7,027

Current assets
  

Stocks
  
58,000
95,000

Debtors: amounts falling due within one year
 5 
203,197
94,660

Cash at bank and in hand
  
208,273
202,738

  
469,470
392,398

Creditors: amounts falling due within one year
 6 
(332,042)
(244,669)

Net current assets
  
 
 
137,428
 
 
147,729

Total assets less current liabilities
  
143,001
154,756

Provisions for liabilities
  

Deferred tax
 7 
(1,059)
(1,335)

Net assets
  
141,942
153,421


Capital and reserves
  

Called up share capital 
  
1
1

Profit and loss account
  
141,941
153,420

  
141,942
153,421


Page 1

 
OVERBURY INTERIORS LIMITED
REGISTERED NUMBER: 07588214
    
STATEMENT OF FINANCIAL POSITION (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 her 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: 






P Money-Coutts
Director

Date: 27 November 2024

The notes on pages 3 to 11 form part of these financial statements.

Page 2

 
OVERBURY INTERIORS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

1.


General information

Overbury Interiors Limited, 07588214, is a private company limited by shares and incorporated in England. Its registered office is Overbury Court, Old Odiham Road, Alton, Hampshire, GU34 4BX.

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

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Sale of goods

Revenue from the sale of goods is recognised when all of the following conditions are satisfied:
the Company has transferred the significant risks and rewards of ownership to the buyer;
the Company retains neither continuing managerial involvement to the degree usually associated with ownership nor effective control over the goods sold;
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the transaction; and
the costs incurred or to be incurred in respect of the transaction can be measured reliably.

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the contract;
the stage of completion of the contract at the end of the reporting period can be measured reliably; and
the costs incurred and the costs to complete the contract can be measured reliably.

Page 3

 
OVERBURY INTERIORS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

2.Accounting policies (continued)

 
2.3

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 Statement of financial position. The assets of the plan are held separately from the Company in independently administered funds.

 
2.4

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 reporting 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 reporting 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 except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the reporting date.

Page 4

 
OVERBURY INTERIORS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

2.Accounting policies (continued)

 
2.5

Intangible assets

Goodwill
Goodwill represents the difference between amounts paid on the cost of a business combination and the acquirer's interest in the fair value of its identifiable assets and liabilities of the acquiree at the date of acquisition.  Subsequent to initial recognition, goodwill is measured at cost less accumulated amortisation and accumulate impairment losses.  Goodwill is amortise on a straight-line basis to the Statement of inome and retained earnings over its useful economic life.

Intangible assets are initially recognised at cost. After recognition, under the cost model, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

All intangible assets are considered to have a finite useful life. If a reliable estimate of the useful life cannot be made, the useful life shall not exceed ten years.

 
2.6

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:

Improvements to property
-
10% straight line
Plant & machinery
-
50% straight line
Motor vehicles
-
20% reducing balance
Fixtures & fittings
-
50% straight line
Computer equipment
-
50% 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.

 
2.7

Stocks

Stocks are stated at the lower of cost and net realisable value, being the estimated selling price less costs to complete and sell. Cost is based on the cost of purchase on a first in, first out basis. Work in progress and finished goods include labour and attributable overheads.

At each reporting date, stocks are assessed for impairment. If stock is impaired, the carrying amount is reduced to its selling price less costs to complete and sell. The impairment loss is recognised immediately in profit or loss.

Page 5

 
OVERBURY INTERIORS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

2.Accounting policies (continued)

 
2.8

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

 
2.9

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.

 
2.10

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.

 
2.11

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.

Page 6

 
OVERBURY INTERIORS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

3.


Intangible assets




Goodwill

£



Cost


At 1 April 2023
116,000



At 31 March 2024

116,000



Amortisation


At 1 April 2023
116,000



At 31 March 2024

116,000



Net book value



At 31 March 2024
-



At 31 March 2023
-



Page 7

 
OVERBURY INTERIORS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

4.


Tangible fixed assets





Improvements to Property
Plant & machinery
Motor vehicles
Fixtures & fittings
Computer equipment

£
£
£
£
£



Cost or valuation


At 1 April 2023
26,547
2,960
18,750
18,497
23,294


Additions
-
-
-
-
1,315



At 31 March 2024

26,547
2,960
18,750
18,497
24,609



Depreciation


At 1 April 2023
26,547
2,664
12,606
18,497
22,707


Charge for the year on owned assets
-
296
1,229
-
1,244



At 31 March 2024

26,547
2,960
13,835
18,497
23,951



Net book value



At 31 March 2024
-
-
4,915
-
658



At 31 March 2023
-
296
6,144
-
588
Page 8

 
OVERBURY INTERIORS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

           4.Tangible fixed assets (continued)


Alarm
Total

£
£



Cost or valuation


At 1 April 2023
1,138
91,186


Additions
-
1,315



At 31 March 2024

1,138
92,501



Depreciation


At 1 April 2023
1,138
84,159


Charge for the year on owned assets
-
2,769



At 31 March 2024

1,138
86,928



Net book value



At 31 March 2024
-
5,573



At 31 March 2023
-
7,028

Page 9

 
OVERBURY INTERIORS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

5.


Debtors

2024
2023
£
£


Trade debtors
191,722
47,860

Other debtors
11,475
46,800

203,197
94,660



6.


Creditors: Amounts falling due within one year

2024
2023
£
£

Trade creditors
154,372
21,220

Corporation tax
2,281
5,006

Other taxation and social security
20,152
9,316

Other creditors
41,917
41,617

Accruals and deferred income
113,320
167,510

332,042
244,669


Page 10

 
OVERBURY INTERIORS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

7.


Deferred taxation




2024


£






At beginning of year
(1,335)


Charged to profit or loss
276



At end of year
(1,059)

The provision for deferred taxation is made up as follows:

2024
2023
£
£


Accelerated capital allowances
(1,059)
(1,335)

(1,059)
(1,335)

 
Page 11