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REGISTERED NUMBER: 05473720 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2024

FOR

OVERLAND ENVIRONMENTAL SERVICES LIMITED

OVERLAND ENVIRONMENTAL SERVICES LIMITED (REGISTERED NUMBER: 05473720)






CONTENTS OF THE FINANCIAL STATEMENTS
For The Year Ended 30 June 2024




Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 4


OVERLAND ENVIRONMENTAL SERVICES LIMITED

COMPANY INFORMATION
For The Year Ended 30 June 2024







DIRECTOR: R E Nash





SECRETARY: Mrs C M Nash





REGISTERED OFFICE: 1 Carnegie Road
Newbury
Berkshire
RG14 5DJ





REGISTERED NUMBER: 05473720 (England and Wales)





ACCOUNTANTS: Banks & Co Limited
Chartered Certified Accountants
1 Carnegie Road
Newbury
Berkshire
RG14 5DJ

OVERLAND ENVIRONMENTAL SERVICES LIMITED (REGISTERED NUMBER: 05473720)

ABRIDGED BALANCE SHEET
30 June 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 664,377 683,920
Investment property 5 772,786 764,681
1,437,163 1,448,601

CURRENT ASSETS
Stocks 166,146 643,245
Debtors 607,412 832,022
Cash at bank and in hand 73,160 140,398
846,718 1,615,665
CREDITORS
Amounts falling due within one year 419,589 1,155,536
NET CURRENT ASSETS 427,129 460,129
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,864,292

1,908,730

CREDITORS
Amounts falling due after more than
one year

6

(772,325

)

(801,971

)

PROVISIONS FOR LIABILITIES (143,875 ) (103,317 )
NET ASSETS 948,092 1,003,442

CAPITAL AND RESERVES
Called up share capital 8 101 101
Retained earnings 947,991 1,003,341
SHAREHOLDERS' FUNDS 948,092 1,003,442

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 director acknowledges his 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 ENVIRONMENTAL SERVICES LIMITED (REGISTERED NUMBER: 05473720)

ABRIDGED 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.

All the members have consented to the preparation of an abridged Balance Sheet for the year ended 30 June 2024 in accordance with Section 444(2A) of the Companies Act 2006.

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

The financial statements were approved by the director and authorised for issue on 27 March 2025 and were signed by:





R E Nash - Director


OVERLAND ENVIRONMENTAL SERVICES LIMITED (REGISTERED NUMBER: 05473720)

NOTES TO THE FINANCIAL STATEMENTS
For The Year Ended 30 June 2024

1. STATUTORY INFORMATION

Overland Environmental Services Limited is a private company, limited by shares, registered in England and Wales. The company's registered number is 05473720 and its registered office address is 1 Carnegie Road, Newbury, Berkshire, RG14 5DJ.

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.

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 - 25% on reducing balance
Operation vehicles - 25% on reducing balance
Office equipment - 25% on reducing balance

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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.

OVERLAND ENVIRONMENTAL SERVICES LIMITED (REGISTERED NUMBER: 05473720)

NOTES TO THE FINANCIAL STATEMENTS - continued
For The Year Ended 30 June 2024

2. ACCOUNTING POLICIES - continued

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet and depreciated over their estimated useful lives.

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.

Rentals paid under operating leases are charged to profit and 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 18 (2023 - 19 ) .

4. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 July 2023 1,433,321
Additions 365,865
Disposals (343,541 )
At 30 June 2024 1,455,645
DEPRECIATION
At 1 July 2023 749,401
Charge for year 221,461
Eliminated on disposal (179,594 )
At 30 June 2024 791,268
NET BOOK VALUE
At 30 June 2024 664,377
At 30 June 2023 683,920

OVERLAND ENVIRONMENTAL SERVICES LIMITED (REGISTERED NUMBER: 05473720)

NOTES TO THE FINANCIAL STATEMENTS - continued
For The Year Ended 30 June 2024

4. TANGIBLE FIXED ASSETS - continued

Fixed assets, included in the above, which are held under finance leases are as follows:

Totals
£   
COST
At 1 July 2023 352,958
Additions 175,712
Disposals (94,919 )
Transfer to ownership (40,195 )
Reclassification/transfer 43,518
At 30 June 2024 437,074
DEPRECIATION
At 1 July 2023 107,860
Charge for year 91,325
Eliminated on disposal (23,730 )
Transfer to ownership (23,237 )
Reclassification/transfer 10,880
At 30 June 2024 163,098
NET BOOK VALUE
At 30 June 2024 273,976
At 30 June 2023 245,098

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 July 2023 764,681
Additions 8,105
At 30 June 2024 772,786
NET BOOK VALUE
At 30 June 2024 772,786
At 30 June 2023 764,681

The valuation of investment property is considered by the Director on an annual basis. The property is held at fair value and any gains or losses on valuation will be recognised through the Profit & Loss account. The property was acquired during 2021 and the Director is of the view that it remains at the same market value as at 30 June 2024.

6. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN FIVE
YEARS
2024 2023
£    £   
Repayable otherwise than by instalments
Bank loans more 5 yrs non-inst 426,828 440,280

OVERLAND ENVIRONMENTAL SERVICES LIMITED (REGISTERED NUMBER: 05473720)

NOTES TO THE FINANCIAL STATEMENTS - continued
For The Year Ended 30 June 2024

7. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Property mortgage 476,355 483,542

Lloyds Bank PLC has registered a fixed and floating charge covering the investment property held by the company.

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
100 A Ordinary £1 100 100
1 B Ordinary £1 1 1
101 101

9. PENSION COMMITMENTS

The company operates a defined contribution pension scheme for the employees. The assets of the scheme are held separately from those of the company in an independently administered fund. At the balance sheet date, unpaid contributions of £1,612 (2023 £1,552) were due to the fund. They are included in other creditors.

10. OTHER FINANCIAL COMMITMENTS

At 30 June 2024, the company had total commitments under non-cancellable operating leases over the remaining life of those lease of £216,147 (2023 £18,725)