OVELSHIELD LIMITED


Director	Tamer Ashraf KAMEL


Registered Address	32 Willoughby Road
	London
	N8 0JG


Registered Number	05305173 (England and Wales)

Balance Sheet as at
28 February 2025

	Notes	2025		2024
		£	£	£	£
Fixed assets
Intangible assets	3		184,098		37,275
Tangible assets	4		423,779		134,790
Investments			71,468		76,600
			679,345		248,665
Current assets
Stocks	5	13,012		16,595
Debtors	6,7	329,229		155,413
Cash at bank and on hand		206,145		1,078,817
		548,386		1,250,825
Creditors amounts falling due within one year	8	(167,407)		(568,674)
Net current assets (liabilities)			380,979		682,151
Total assets less current liabilities			1,060,324		930,816
Creditors amounts falling due after one year	9		(95,832)		(124,072)
Provisions for liabilities	10		(51,495)		(4,987)
Net assets			912,997		801,757
Capital and reserves
Called up share capital			100		100
Profit and loss account			912,897		801,657
Shareholders' funds			912,997		801,757

The company was entitled to exemption from audit for this reporting period under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The Director acknowledges their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.
The directors have chosen to not file a copy of the company’s profit and loss account under section 444 (5A) Companies Act 2006.

The financial statements were approved and authorised for issue by the Director on 27 November 2025, and are signed on its behalf by:

Tamer Ashraf KAMEL
Director
Registered Company No. 05305173

OVELSHIELD LIMITED

Notes to the Financial Statements
for the year ended 28 February 2025

1.	Accounting policies

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

	Statement of compliance
	The financial statements have been prepared in compliance with FRS 102 Section 1A as it applies to the financial statements for the period and there were no material departures from the reporting standard.

	Revenue from sale of goods
	Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.

Revenue from sale of goods

Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.

	Employee benefits
	Contributions to defined contribution plans are expensed in the period to which they relate.

	Foreign currency translation
	Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.

Foreign currency translation

Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.

	Deferred tax
	Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.

Deferred tax

Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.

	Intangible assets
	Externally generated goodwill is amortised over the useful life of asset

	Tangible fixed assets and depreciation
	Tangible fixed assets are stated at cost or valuation less depreciation. Depreciation is provided on all tangible fixed assets as follows:

	Investments
	Investments in subsidiaries, associates and joint ventures are measured at cost less any accumulated impairment losses. Listed investments are measured at fair value where the difference between cost and fair value is material. Unlisted investments are measured at fair value unless the value cannot be measured reliably, in which case they are measured at cost less any accumulated impairment losses. Changes in fair value are included in the profit and loss account.

Investments

Investments in subsidiaries, associates and joint ventures are measured at cost less any accumulated impairment losses. Listed investments are measured at fair value where the difference between cost and fair value is material. Unlisted investments are measured at fair value unless the value cannot be measured reliably, in which case they are measured at cost less any accumulated impairment losses. Changes in fair value are included in the profit and loss account.

	Stocks and work in progress
	Inventories are valued at the lower of cost and estimated selling price (less any associated costs to enable such sales to complete).

2.	Average number of employees


		2025		2024
	Average number of employees during the year	47		40

3.	Intangible assets

	Goodwill	Total
	£	£
Cost or valuation
At 01 March 24	68,000	68,000
Additions	150,000	150,000
At 28 February 25	218,000	218,000
Amortisation and impairment
At 01 March 24	30,725	30,725
Charge for year	3,177	3,177
At 28 February 25	33,902	33,902
Net book value
At 28 February 25	184,098	184,098
At 29 February 24	37,275	37,275

4.	Tangible fixed assets

	Land & buildings	Plant & machinery	Vehicles	Fixtures & fittings	Office Equipment	Total
	£	£	£	£	£	£
Cost or valuation
At 01 March 24	79,061	150,020	14,829	124,929	38,079	406,918
Additions	132,949	11,970	43,217	133,372	1,885	323,393
At 28 February 25	212,010	161,990	58,046	258,301	39,964	730,311
Depreciation and impairment
At 01 March 24	-	138,001	8,703	95,299	30,125	272,128
Charge for year	14,596	6,775	5,133	5,636	2,264	34,404
At 28 February 25	14,596	144,776	13,836	100,935	32,389	306,532
Net book value
At 28 February 25	197,414	17,214	44,210	157,366	7,575	423,779
At 29 February 24	79,061	12,019	6,126	29,630	7,954	134,790

5.	Stocks

	2025	2024
	£	£
Finished goods	13,012	16,595
Total	13,012	16,595

6.	Debtors: amounts due within one year

	2025	2024
	£	£
Trade debtors / trade receivables	39,674	71,402
Other debtors	281,492	75,949
Prepayments and accrued income	8,063	8,062
Total	329,229	155,413

7.	Debtors: amounts due after one year

8.	Creditors: amounts due within one year

	2025	2024
	£	£
Trade creditors / trade payables	34,544	12,586
Bank borrowings and overdrafts	18,696	40,080
Taxation and social security	103,007	190,791
Dividends payable	-	325,000
Other creditors	10,660	217
Accrued liabilities and deferred income	500	-
Total	167,407	568,674


	Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.

9.	Creditors: amounts due after one year

	2025	2024
	£	£
Bank borrowings and overdrafts	95,832	124,072
Total	95,832	124,072

10.	Provisions for liabilities

	2025	2024
	£	£
Net deferred tax liability (asset)	51,495	4,987
Total	51,495	4,987