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REGISTERED NUMBER: 02752570 (England and Wales)






















Unaudited Financial Statements

for the Year Ended 31 March 2025

for

Overton (UK) Limited

Overton (UK) Limited (Registered number: 02752570)






Contents of the Financial Statements
for the Year Ended 31 March 2025




Page

Company Information 1

Chartered Accountants' Report 2

Balance Sheet 3

Notes to the Financial Statements 5


Overton (UK) Limited

Company Information
for the Year Ended 31 March 2025







DIRECTORS: Mr G N Overton
Mr R S Overton
Mr S Rose





SECRETARY: Mr R S Overton





REGISTERED OFFICE: 14 Farrier Road
Lincoln
LN6 3RU





REGISTERED NUMBER: 02752570 (England and Wales)





ACCOUNTANTS: Wright Vigar Limited
Chartered Accountants & Business Advisers
15 Newland
Lincoln
Lincolnshire
LN1 1XG

Chartered Accountants' Report to the Board of Directors
on the Unaudited Financial Statements of
Overton (UK) Limited

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 Balance Sheet. 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 Overton (UK) Limited for the year ended 31 March 2025 which comprise the Income Statement, Balance Sheet, Statement of Changes in Equity and the related notes from the company's accounting records and from information and explanations you have given 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 within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of Overton (UK) Limited, 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 Overton (UK) Limited and state those matters that we have agreed to state to the Board of Directors of Overton (UK) Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Overton (UK) Limited and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Overton (UK) Limited 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 profit of Overton (UK) Limited. You consider that Overton (UK) Limited 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 Overton (UK) Limited. 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.






Wright Vigar Limited
Chartered Accountants & Business Advisers
15 Newland
Lincoln
Lincolnshire
LN1 1XG


13 May 2025

Overton (UK) Limited (Registered number: 02752570)

Balance Sheet
31 March 2025

2025 2024
Notes £    £    £   
FIXED ASSETS
Tangible assets 4 131,175 126,216

CURRENT ASSETS
Stocks 1,150,718 1,130,468
Debtors 5 309,820 64,977
Cash at bank and in hand 11,862 20,127
1,472,400 1,215,572
CREDITORS
Amounts falling due within one year 6 930,376 770,068
NET CURRENT ASSETS 542,024 445,504
TOTAL ASSETS LESS CURRENT LIABILITIES 673,199 571,720

CREDITORS
Amounts falling due after more than one year 7 (44,243 ) (28,319 )

PROVISIONS FOR LIABILITIES (31,054 ) (29,703 )
NET ASSETS 597,902 513,698

CAPITAL AND RESERVES
Called up share capital 9 202 202
Capital redemption reserve 100 100
Retained earnings 597,600 513,396
SHAREHOLDERS' FUNDS 597,902 513,698

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2025 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.

Overton (UK) Limited (Registered number: 02752570)

Balance Sheet - continued
31 March 2025


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 13 May 2025 and were signed on its behalf by:




Mr G N Overton - Director



Mr R S Overton - Director


Overton (UK) Limited (Registered number: 02752570)

Notes to the Financial Statements
for the Year Ended 31 March 2025

1. STATUTORY INFORMATION

Overton (UK) 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 represents net invoiced sales of goods, excluding value added tax.

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 shorter.

Plant & machinery - 20% on reducing balance and 20% on cost
Motor vehicles - 25% on reducing balance
Furniture & fixtures - 15% on reducing balance and 20% on cost

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

Financial instruments
The Company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in ordinary shares.

Financial assets that are measured at cost and amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in the Statement of Comprehensive Income.

For financial assets measured at cost less impairment, the impairment loss is measured as the difference between an asset's carrying amount and best estimate of the recoverable amount, which is an approximation of the amount that the Company would receive for the asset if it were to be sold at the balance sheet date.

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.

Overton (UK) Limited (Registered number: 02752570)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2025

2. ACCOUNTING POLICIES - continued

Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

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.

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 6 (2024 - 7 ) .

4. TANGIBLE FIXED ASSETS
Furniture
Plant and Motor and
machinery vehicles fixtures Totals
£    £    £    £   
COST
At 1 April 2024 87,844 184,325 31,346 303,515
Additions 18,967 27,373 1,003 47,343
Disposals (5,250 ) - - (5,250 )
At 31 March 2025 101,561 211,698 32,349 345,608
DEPRECIATION
At 1 April 2024 66,487 84,740 26,072 177,299
Charge for year 8,147 31,739 2,407 42,293
Eliminated on disposal (5,159 ) - - (5,159 )
At 31 March 2025 69,475 116,479 28,479 214,433
NET BOOK VALUE
At 31 March 2025 32,086 95,219 3,870 131,175
At 31 March 2024 21,357 99,585 5,274 126,216

Overton (UK) Limited (Registered number: 02752570)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2025

4. TANGIBLE FIXED ASSETS - continued

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Plant and
machinery
etc
£   
COST
At 1 April 2024 147,552
Additions 27,373
At 31 March 2025 174,925
DEPRECIATION
At 1 April 2024 63,804
Charge for year 27,780
At 31 March 2025 91,584
NET BOOK VALUE
At 31 March 2025 83,341
At 31 March 2024 83,748

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2025 2024
£    £   
Trade debtors 280,206 36,842
Prepayments and accrued income 29,614 28,135
309,820 64,977

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2025 2024
£    £   
Bank loans and overdrafts 70,000 100,000
Hire purchase contracts 38,073 21,929
Trade creditors 273,818 118,504
Corporation tax 37,807 42,530
Social security and other taxes 3,544 2,505
VAT 72,532 54,629
Other creditors 2,656 2,783
Directors' current accounts 427,666 423,188
Accruals and deferred income 4,280 4,000
930,376 770,068

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2025 2024
£    £   
Hire purchase contracts 44,243 28,319

Overton (UK) Limited (Registered number: 02752570)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2025

8. SECURED DEBTS

The following secured debts are included within creditors:

2025 2024
£    £   
Bank loans 70,000 100,000
Hire purchase contracts 82,316 50,248
152,316 150,248

Hire purchase and finance lease obligations are secured on those assets to which they relate to.

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2025 2024
value: £    £   
2 Ordinary £1 2 2
100 Redeemable A Ordinary £1 100 100
100 Redeemable B Ordinary £1 100 100
202 202