Overround Ltd - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 09638705 (England and Wales)

Unaudited Financial Statements for the Year Ended 30 April 2018

for

Overround Ltd

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

J Cocozza

REGISTERED OFFICE:

58A Burma Road

London

N16 9BJ

REGISTERED NUMBER:

09638705 (England and Wales)

ACCOUNTANTS:

Eggleston Wiley LLP

20 Anchor Terrace

3-13 Southwark Bridge Road

London

SE1 9HQ

FIXED ASSETS

Tangible assets

4

868

1,083

Investments

5

5,100

5,100

5,968

6,183

CURRENT ASSETS

Debtors

6

38,588

6,720

Cash at bank

1,236

5,161

39,824

11,881

CREDITORS

Amounts falling due within one year

7

39,760

20,918

NET CURRENT ASSETS/(LIABILITIES)

64

(9,037

)

TOTAL ASSETS LESS CURRENT LIABILITIES

6,032

(2,854

)

CAPITAL AND RESERVES

Called up share capital

1

1

Retained earnings

6,031

(2,855

)

SHAREHOLDERS' FUNDS

6,032

(2,854

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2018.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 2018 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 of Part 15 of the Companies Act 2006 relating to small companies.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director on 24 November 2018 and were signed by:

J Cocozza - Director

1.	STATUTORY INFORMATION

Overround 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 the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover

Turnover represents net amounts invoiced for consultancy services provided during the year, not including

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.

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2017 - NIL).

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 May 2017

2,207

Additions

782

At 30 April 2018

2,989

DEPRECIATION

At 1 May 2017

1,124

Charge for year

997

At 30 April 2018

2,121

NET BOOK VALUE

At 30 April 2018

868

At 30 April 2017

1,083

5.	FIXED ASSET INVESTMENTS

Other

investments

£

COST

At 1 May 2017

and 30 April 2018

5,100

NET BOOK VALUE

At 30 April 2018

5,100

At 30 April 2017

5,100

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.4.18

30.4.17

£

£

Amounts owed by group undertakings

38,588

-

Other debtors

-

6,720

38,588

6,720

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.4.18

30.4.17

£

£

Taxation and social security

5,837

1,175

Other creditors

33,923

19,743

39,760

20,918

8.	DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

At the end of the year J Cocozza had a credit balance on his director loan account of £32,924 (2017: £18,742).

The loan is interest free and repayable on demand.

9.	ULTIMATE CONTROLLING PARTY

The controlling party is J Cocozza.