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REGISTERED NUMBER: 09985149 (England and Wales)


















Overdrive Pictures Ltd

Unaudited Financial Statements

for the Year Ended 28 February 2025






Overdrive Pictures Ltd (Registered number: 09985149)






Contents of the Financial Statements
for the Year Ended 28 February 2025




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Overdrive Pictures Ltd

Company Information
for the Year Ended 28 February 2025







DIRECTOR: Mr A G Do





REGISTERED OFFICE: 606, Delta Office Park
Welton Road
Swindon
Wiltshire
SN5 7XF





REGISTERED NUMBER: 09985149 (England and Wales)





ACCOUNTANTS: AMS Accountancy Limited
Delta 606
Welton Road
Delta Office Park
Swindon
Wiltshire
SN5 7XF

Overdrive Pictures Ltd (Registered number: 09985149)

Balance Sheet
28 February 2025

2025 2024
Notes £    £   
FIXED ASSETS
Tangible assets 4 22 587

CURRENT ASSETS
Debtors 5 139 51
Cash at bank 13,604 2,270
13,743 2,321
CREDITORS
Amounts falling due within one year 6 (4,042 ) (1,522 )
NET CURRENT ASSETS 9,701 799
TOTAL ASSETS LESS CURRENT
LIABILITIES

9,723

1,386

CAPITAL AND RESERVES
Called up share capital 7 1 1
Retained earnings 9,722 1,385
SHAREHOLDERS' FUNDS 9,723 1,386

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 February 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 28 February 2025 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.

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 director and authorised for issue on 18 July 2025 and were signed by:





Mr A G Do - Director


Overdrive Pictures Ltd (Registered number: 09985149)

Notes to the Financial Statements
for the Year Ended 28 February 2025

1. STATUTORY INFORMATION

Overdrive Pictures Ltd 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 - 20% on cost
Fixtures and fittings - 25% on cost
Computer equipment - 33% on cost

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 balance sheet date.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2024 - 1 ) .

Overdrive Pictures Ltd (Registered number: 09985149)

Notes to the Financial Statements - continued
for the Year Ended 28 February 2025

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Computer
machinery fittings equipment Totals
£    £    £    £   
COST
At 1 March 2024 215 870 3,481 4,566
Disposals - - (620 ) (620 )
At 28 February 2025 215 870 2,861 3,946
DEPRECIATION
At 1 March 2024 160 762 3,057 3,979
Charge for year 42 107 1 150
Eliminated on disposal - - (205 ) (205 )
At 28 February 2025 202 869 2,853 3,924
NET BOOK VALUE
At 28 February 2025 13 1 8 22
At 29 February 2024 55 108 424 587

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2025 2024
£    £   
Trade debtors - 50
Other debtors 139 1
139 51

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2025 2024
£    £   
Trade creditors 190 158
Taxation and social security 3,852 1,088
Other creditors - 276
4,042 1,522

7. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2025 2024
value: £    £   
1 Ordinary £1 1 1

Overdrive Pictures Ltd (Registered number: 09985149)

Notes to the Financial Statements - continued
for the Year Ended 28 February 2025

8. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 28 February 2025 and 29 February 2024:

2025 2024
£    £   
Mr A G Do
Balance outstanding at start of year - -
Amounts advanced 138 -
Amounts repaid - -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 138 -