Company Registration No. 07674797 (England and Wales)
Overlay Services Ltd
Unaudited accounts
for the year ended 30 June 2020
Overlay Services Ltd
Unaudited accounts
Contents
Overlay Services Ltd
Company Information
for the year ended 30 June 2020
Directors
Mr. Egbeji Abel
Mrs. Egbeji Henrietta Offum
Company Number
07674797 (England and Wales)
Registered Office
20-22 Wenlock Road
London
N1 7GU
England
Accountants
Best Option Konsult Limited
Chartered Management Accountants
5 Fountain House
Fountain Close
London
SE18 6XG
Overlay Services Ltd
Statement of financial position
as at 30 June 2020
Cash at bank and in hand
33,271
43,161
Creditors: amounts falling due within one year
(28,392)
(40,277)
Net current assets
4,879
2,884
Called up share capital
1,000
1,000
Profit and loss account
4,404
5,049
Shareholders' funds
5,404
6,049
For the year ending 30 June 2020 the company was entitled to exemption from audit 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 directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
The members have agreed to the preparation of abridged accounts for the year in accordance with Section 444(2A).
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 31 August 2020 and were signed on its behalf by
Mr. Egbeji Abel
Director
Company Registration No. 07674797
Overlay Services Ltd
Notes to the Accounts
for the year ended 30 June 2020
Overlay Services Ltd is a private company, limited by shares, registered in England and Wales, registration number 07674797. The registered office is 20-22 Wenlock Road, London, N1 7GU, England.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Turnover represents the value, net of VAT and discounts, of goods provided to customers and work carried out in respect of services provided to customers.
Tangible fixed assets policy
Depreciation has been provided at the following rate in order to write off the cost of fixed assets over their estimated useful lives less any residual value:
Computer equipment
50% on Cost
4
Tangible fixed assets
Total
Allotted, called up and fully paid:
1,000 Ordinary shares of £1 each
1,000
1,000
Overlay Services Ltd
Notes to the Accounts
for the year ended 30 June 2020
6
Average number of employees
During the year the average number of employees was 2 (2019: 2).
