MR OVERALLS LIMITED

MR OVERALLS LIMITED

MR OVERALLS LIMITED - Company Information

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MR OVERALLS LIMITED

Company Registration Number:
08482952 (England and Wales)

Unaudited abridged accounts for the year ended 30 April 2023

Period of accounts

Start date: 01 May 2022

End date: 30 April 2023

MR OVERALLS LIMITED

Contents of the Financial Statements

for the Period Ended 30 April 2023

Balance sheet
Notes

MR OVERALLS LIMITED

Balance sheet

As at 30 April 2023


Notes
2023
2022


£
£
Fixed assets
Intangible assets: 3 120,000 132,000
Tangible assets: 4 32,321 4,636
Total fixed assets: 152,321 136,636
Current assets
Stocks: 45,483 47,434
Debtors:   163,615 188,660
Cash at bank and in hand: 41,441 50,762
Total current assets: 250,539 286,856
Creditors: amounts falling due within one year:   (285,730) (242,998)
Net current assets (liabilities): (35,191) 43,858
Total assets less current liabilities: 117,130 180,494
Creditors: amounts falling due after more than one year:   (60,517) (98,662)
Provision for liabilities: (6,141) (793)
Total net assets (liabilities): 50,472 81,039
Capital and reserves
Called up share capital: 2 2
Profit and loss account: 50,470 81,037
Shareholders funds: 50,472 81,039

The notes form part of these financial statements

MR OVERALLS LIMITED

Balance sheet statements

For the year ending 30 April 2023 the company was entitled to exemption 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 this accounting period in accordance with Section 444(2A).

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 & loss account.

This report was approved by the board of directors on 12 January 2024
and signed on behalf of the board by:

Name: K. Taylor
Status: Director

The notes form part of these financial statements

MR OVERALLS LIMITED

Notes to the Financial Statements

for the Period Ended 30 April 2023

1. Accounting policies

These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

Tangible fixed assets and depreciation policy

Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:Plant & machinery 15% Reducing BalanceMotor vehicles 25% Reducing BalanceFixtures & fittings 15% Reducing BalanceComputer equipment 33% Straight Line

Intangible fixed assets and amortisation policy

Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.

MR OVERALLS LIMITED

Notes to the Financial Statements

for the Period Ended 30 April 2023

2. Employees

2023 2022
Average number of employees during the period 5 5

MR OVERALLS LIMITED

Notes to the Financial Statements

for the Period Ended 30 April 2023

3. Intangible Assets

Total
Cost £
At 01 May 2022 240,000
At 30 April 2023 240,000
Amortisation
At 01 May 2022 108,000
Charge for year 12,000
At 30 April 2023 120,000
Net book value
At 30 April 2023 120,000
At 30 April 2022 132,000

MR OVERALLS LIMITED

Notes to the Financial Statements

for the Period Ended 30 April 2023

4. Tangible Assets

Total
Cost £
At 01 May 2022 22,145
Additions 33,579
At 30 April 2023 55,724
Depreciation
At 01 May 2022 17,509
Charge for year 5,894
At 30 April 2023 23,403
Net book value
At 30 April 2023 32,321
At 30 April 2022 4,636

MR OVERALLS LIMITED

Notes to the Financial Statements

for the Period Ended 30 April 2023

5. Loans to directors

Included in creditors falling due within one year were loans owed to the directors amounting to £39,959 (2022: £96,414)