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REGISTERED NUMBER: 07244490 (England and Wales)















Unaudited Financial Statements for the Year Ended 30 June 2024

for

Overtec Limited

Overtec Limited (Registered number: 07244490)






Contents of the Financial Statements
for the Year Ended 30 June 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Overtec Limited

Company Information
for the Year Ended 30 June 2024







DIRECTORS: D W Armstrong
D M Thomas





REGISTERED OFFICE: Eden Point Three Acres Lane
Cheadle Hulme
Cheadle
SK8 6RL





REGISTERED NUMBER: 07244490 (England and Wales)





ACCOUNTANTS: EBA
Ground Floor
Rear Barn
The Brookdale Centre
Knutsford
Cheshire
WA16 0SR

Overtec Limited (Registered number: 07244490)

Balance Sheet
30 June 2024

30.6.24 30.6.23
Notes £ £ £ £
FIXED ASSETS
Tangible assets 4 3,334 6,676

CURRENT ASSETS
Debtors 5 66,246 118,763
Cash at bank 9,724 43,629
75,970 162,392
CREDITORS
Amounts falling due within one year 6 48,973 64,311
NET CURRENT ASSETS 26,997 98,081
TOTAL ASSETS LESS CURRENT
LIABILITIES

30,331

104,757

CREDITORS
Amounts falling due after more than one
year

7

(9,607

)

(19,876

)

PROVISIONS FOR LIABILITIES (834 ) (2,045 )
NET ASSETS 19,890 82,836

CAPITAL AND RESERVES
Called up share capital 1,000 1,000
Share premium - 79,436
Retained earnings 18,890 2,400
19,890 82,836

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

Overtec Limited (Registered number: 07244490)

Balance Sheet - continued
30 June 2024


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

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 15 January 2025 and were signed on its behalf by:




D W Armstrong - Director



D M Thomas - Director


Overtec Limited (Registered number: 07244490)

Notes to the Financial Statements
for the Year Ended 30 June 2024

1. STATUTORY INFORMATION

Overtec Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 33% on cost

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 5 (2023 - 3 ) .

Overtec Limited (Registered number: 07244490)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2024

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£
COST
At 1 July 2023
and 30 June 2024 10,000
DEPRECIATION
At 1 July 2023 3,324
Charge for year 3,342
At 30 June 2024 6,666
NET BOOK VALUE
At 30 June 2024 3,334
At 30 June 2023 6,676

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.24 30.6.23
£ £
Trade debtors 37,784 49,759
Other debtors 28,462 69,004
66,246 118,763

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.24 30.6.23
£ £
Bank loans and overdrafts 10,269 10,015
Trade creditors 24,536 34,738
Taxation and social security 14,168 19,472
Other creditors - 86
48,973 64,311

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
30.6.24 30.6.23
£ £
Bank loans 9,607 19,876

Overtec Limited (Registered number: 07244490)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2024

8. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 30 June 2024 and 30 June 2023:

30.6.24 30.6.23
£ £
D W Armstrong
Balance outstanding at start of year 25,663 30,790
Amounts advanced 64,310 63,922
Amounts repaid (80,330 ) (69,049 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 9,643 25,663

D M Thomas
Balance outstanding at start of year 35,815 46,075
Amounts advanced 55,449 64,008
Amounts repaid (80,434 ) (74,268 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 10,830 35,815

9. ULTIMATE CONTROLLING PARTY

The company is controlled by the directors.