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REGISTERED NUMBER: 00824486 (England and Wales)















OVERLAND TRANSPORT & TRADING COMPANY
LIMITED(THE)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024






OVERLAND TRANSPORT & TRADING COMPANY
LIMITED(THE) (REGISTERED NUMBER: 00824486)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024




Page

Company Information 1

Statement of Financial Position 2 to 3

Notes to the Financial Statements 4 to 6

Accountants' Report 7

OVERLAND TRANSPORT & TRADING COMPANY
LIMITED(THE)

COMPANY INFORMATION
FOR THE YEAR ENDED 31 DECEMBER 2024







DIRECTORS: Mrs A M Page
A R Page





SECRETARY: Mrs A M Page





REGISTERED OFFICE: L'Ancresse Lodge
Waterside
Billinghay
Lincoln
Lincolnshire
LN4 4BU





REGISTERED NUMBER: 00824486 (England and Wales)





ACCOUNTANTS: Duncan & Toplis Limited
18 Northgate
Sleaford
Lincolnshire
NG34 7BJ

OVERLAND TRANSPORT & TRADING COMPANY
LIMITED(THE) (REGISTERED NUMBER: 00824486)

STATEMENT OF FINANCIAL POSITION
31 DECEMBER 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 1 1
Tangible assets 5 457,249 431,344
457,250 431,345

CURRENT ASSETS
Stocks 4,990 6,747
Debtors 6 194,263 287,125
Cash at bank and in hand 246 298
199,499 294,170
CREDITORS
Amounts falling due within one year 7 464,516 482,889
NET CURRENT LIABILITIES (265,017 ) (188,719 )
TOTAL ASSETS LESS CURRENT LIABILITIES 192,233 242,626

CREDITORS
Amounts falling due after more than one year 8 (114,555 ) (116,126 )

PROVISIONS FOR LIABILITIES (29,978 ) (39,059 )
NET ASSETS 47,700 87,441

CAPITAL AND RESERVES
Called up share capital 10 100 100
Retained earnings 47,600 87,341
SHAREHOLDERS' FUNDS 47,700 87,441

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 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.

OVERLAND TRANSPORT & TRADING COMPANY
LIMITED(THE) (REGISTERED NUMBER: 00824486)

STATEMENT OF FINANCIAL POSITION - continued
31 DECEMBER 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 5 March 2025 and were signed on its behalf by:





Mrs A M Page - Director


OVERLAND TRANSPORT & TRADING COMPANY
LIMITED(THE) (REGISTERED NUMBER: 00824486)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

1. STATUTORY INFORMATION

Overland Transport & Trading Company Limited(The) 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2022, is being amortised evenly over its estimated useful life of five years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery etc - 25% on reducing balance, 20% on reducing balance, 15% on reducing balance and at varying rates on cost

Tangible fixed assets are stated at cost (or deemed cost) or valuation less accumulated depreciation and accumulated impairment losses. Cost includes costs directly attributable to making the asset capable of operating as intended.

Stocks
Stocks are stated at the lower of cost and fair value less costs to complete and sell after making due allowance for slow moving and obsolete items.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

OVERLAND TRANSPORT & TRADING COMPANY
LIMITED(THE) (REGISTERED NUMBER: 00824486)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2024

2. ACCOUNTING POLICIES - continued

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.

Foreign currencies
The company regularly receives trading income in the form of Euros. These monies are received directly into the company bank account after being exchanged into pound sterling by the bank at the rate set by the bank that day.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 12 (2023 - 11 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 January 2024
and 31 December 2024 1
NET BOOK VALUE
At 31 December 2024 1
At 31 December 2023 1

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 January 2024 813,939
Additions 110,605
Disposals (87,860 )
At 31 December 2024 836,684
DEPRECIATION
At 1 January 2024 382,595
Charge for year 79,071
Eliminated on disposal (82,231 )
At 31 December 2024 379,435
NET BOOK VALUE
At 31 December 2024 457,249
At 31 December 2023 431,344

The net book value of tangible fixed assets includes £ 278,935 (2023 - £ 208,636 ) in respect of assets held under hire purchase contracts.

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 179,938 257,294
Other debtors 14,325 29,831
194,263 287,125

OVERLAND TRANSPORT & TRADING COMPANY
LIMITED(THE) (REGISTERED NUMBER: 00824486)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2024

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 67,196 89,648
Hire purchase contracts 74,679 54,086
Trade creditors 69,913 135,419
Taxation and social security 6,917 11,456
Other creditors 245,811 192,280
464,516 482,889

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Bank loans 4,500 13,500
Hire purchase contracts 110,055 102,626
114,555 116,126

9. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Hire purchase contracts 184,734 156,712

The hire purchase liabilities are secured on the assets to which they relate.

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
100 Ordinary £1 100 100

11. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

At the year end date the company owed Mrs A M Page £240,318 (2023: £173,695) and was owed by A R Page £690 (2023:£12,810 owed to A R Page). The balances outstanding are unsecured, interest free and repayable on demand.

ACCOUNTANTS' REPORT TO THE BOARD OF DIRECTORS
ON THE UNAUDITED FINANCIAL STATEMENTS OF
OVERLAND TRANSPORT & TRADING COMPANY
LIMITED(THE)

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Statement of Financial Position. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Overland Transport & Trading Company Limited(The) for the year ended 31 December 2024 which comprise the Statement of Income and Retained Earnings, Statement of Financial Position and the related notes from the company's accounting records and from information and explanations you have given us.

This report is made solely to the Board of Directors of Overland Transport & Trading Company Limited(The), as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Overland Transport & Trading Company Limited(The) and state those matters that we have agreed to state to the Board of Directors of Overland Transport & Trading Company Limited(The), as a body, in this report. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Overland Transport & Trading Company Limited(The) has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and loss of Overland Transport & Trading Company Limited(The). You consider that Overland Transport & Trading Company Limited(The) is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Overland Transport & Trading Company Limited(The). 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 statutory financial statements.






Duncan & Toplis Limited
18 Northgate
Sleaford
Lincolnshire
NG34 7BJ


26 February 2025