Acorah Software Products - Accounts Production 16.0.110 true true 28 February 2023 1 March 2022 false 1 March 2023 29 February 2024 29 February 2024 10621523 Garreth Hannon Garreth Hannon true iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 10621523 2023-02-28 10621523 2024-02-29 10621523 2023-03-01 2024-02-29 10621523 frs-core:ShareCapital 2024-02-29 10621523 frs-core:RetainedEarningsAccumulatedLosses 2024-02-29 10621523 frs-bus:PrivateLimitedCompanyLtd 2023-03-01 2024-02-29 10621523 frs-bus:FilletedAccounts 2023-03-01 2024-02-29 10621523 frs-bus:SmallEntities 2023-03-01 2024-02-29 10621523 frs-bus:EntityHasNeverTraded 2023-03-01 2024-02-29 10621523 frs-bus:AuditExemptWithAccountantsReport 2023-03-01 2024-02-29 10621523 frs-bus:SmallCompaniesRegimeForAccounts 2023-03-01 2024-02-29 10621523 frs-bus:OrdinaryShareClass1 2023-03-01 2024-02-29 10621523 frs-bus:OrdinaryShareClass1 2024-02-29 10621523 1 2023-03-01 2024-02-29 10621523 frs-bus:Director1 2023-03-01 2024-02-29 10621523 frs-countries:EnglandWales 2023-03-01 2024-02-29 10621523 2022-02-28 10621523 2023-02-28 10621523 2022-03-01 2023-02-28 10621523 frs-core:ShareCapital 2023-02-28 10621523 frs-core:RetainedEarningsAccumulatedLosses 2023-02-28 10621523 frs-bus:OrdinaryShareClass1 2022-03-01 2023-02-28
Registered number: 10621523
Overlay Structures Ltd
Unaudited Financial Statements
For The Year Ended 29 February 2024
Sterling Accounting Solutions Ltd
Chartered Accountants
SAS House
Chipperfield Road
Kings Langley
Hertfordshire
WD4 9JB
Contents
Page
Company Information 1
Accountants' Report 2
Statement of Financial Position 3—4
Notes to the Financial Statements 5—6
Page 1
Company Information
Director Garreth Hannon
Company Number 10621523
Registered Office SAS House
Chipperfield Road
Kings Langley
Hertfordshire
WD4 9JB
Accountants Sterling Accounting Solutions Ltd
Chartered Accountants
SAS House
Chipperfield Road
Kings Langley
Hertfordshire
WD4 9JB
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Page 2
Accountants' Report
Chartered Accountants' report to the director on the preparation of the unaudited statutory accounts of Overlay Structures Ltd For The Year Ended 29 February 2024
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Overlay Structures Ltd For The Year Ended 29 February 2024 which comprise the Income Statement, the Statement of Financial Position and the related notes from the company's accounting records and from information and explanations you have given to us.
As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at http://www.icaew.com/en/membership/regulations-standards-and-guidance.
This report is made solely to the director of Overlay Structures Ltd , as a body, in accordance with the terms of our engagement letter dated . Our work has been undertaken solely to prepare for your approval the accounts of Overlay Structures Ltd and state those matters that we have agreed to state to the director of Overlay Structures Ltd , as a body, in this report in accordance with ICAEW Technical Release 07/16 AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Overlay Structures Ltd and its director, as a body, for our work or for this report.
It is your duty to ensure that Overlay Structures Ltd has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit or loss of Overlay Structures Ltd . You consider that Overlay Structures Ltd is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit of the accounts of Overlay Structures Ltd . For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the financial statements.
Signed
29/11/2024
Sterling Accounting Solutions Ltd
Chartered Accountants
SAS House
Chipperfield Road
Kings Langley
Hertfordshire
WD4 9JB
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Page 3
Statement of Financial Position
Registered number: 10621523
2024 2023
Notes £ £ £ £
CURRENT ASSETS
Debtors 4 100 100
Cash at bank and in hand 180,000 260,000
180,100 260,100
Creditors: Amounts Falling Due Within One Year 5 (180,005 ) (260,005 )
NET CURRENT ASSETS (LIABILITIES) 95 95
TOTAL ASSETS LESS CURRENT LIABILITIES 95 95
NET ASSETS 95 95
CAPITAL AND RESERVES
Called up share capital 6 100 100
Income Statement (5 ) (5 )
SHAREHOLDERS' FUNDS 95 95
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For the year ending 29 February 2024 the company was entitled to exemption from audit under section 480 of the Companies Act 2006 relating to dormant companies.
The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his 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.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Income Statement.
On behalf of the board
Garreth Hannon
Director
29/11/2024
The notes on pages 5 to 6 form part of these financial statements.
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Notes to the Financial Statements
1. General Information
Overlay Structures Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 10621523 . The registered office is SAS House, Chipperfield Road, Kings Langley, Hertfordshire, WD4 9JB.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
These financial statements have been prepared in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland" ("FRS 102") and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. 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 financial statements are prepared in sterling, which is the functional currency of the company. Monetary a mounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention, modified to include the revaluation of freehold properties and to include investment properties and certain financial instruments at fair value. The principal accounting policies adopted are set out below.
2.2. Financial Instruments
A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument.
Basic financial instruments are initially recognised at the transaction price and are subsequently measured as follows: Debt instruments are subsequently measured at amortised cost and commitments to receive a loan and to make a loan to another entity are subsequently measured at amortised cost. Where investments in non-convertible preference shares and non-puttable ordinary shares or preference shares are publicly traded or their fair value can otherwise be measured reliably, the investment is subsequently measured at fair value with changes in fair value recognised in profit or loss. All other such investments are subsequently measured at cost less impairment.
All other financial instruments, including derivatives, are initially recognised at fair value, which is normally the transaction price and are subsequently measured at fair value, with any changes recognised in profit or loss.
Financial assets that are measured at cost or amortised cost are reviewed for objective evidence of impairment at the end of each reporting date. If there is objective evidence of impairment, an impairment loss is recognised in profit or loss immediately.
All equity instruments regardless of significance, and other financial assets that are individually significant, are assessed individually for impairment. Other financial assets or either assessed individually or grouped on the basis of similar credit risk characteristics.
Any reversals of impairment are recognised in profit or loss immediately, to the extent that the reversal does not result in a carrying amount of the financial asset that exceeds what the carrying amount would have been had the impairment not previously been recognised.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 1 (2023: 1)
1 1
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4. Debtors
2024 2023
£ £
Due within one year
Other debtors 100 100
5. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Other creditors 180,005 260,005
6. Share Capital
2024 2023
Allotted, called up and fully paid £ £
100 Ordinary Shares of £ 1.00 each 100 100
7. Related Party Transactions
At the year end £180,005 (2023: £260,005) was owed to a company under common control. The balance is included within other creditors.
8. Ultimate Controlling Party
The company's ultimate controlling party is Garreth Hannon by virtue of his ownership of 100% of the issued share capital in the company.
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