Registered Number: 06043842 England and Wales ## OVERCOMERS FAITH CENTER Report of the Director and Unaudited Financial Statements ## **Period of accounts** **Start date:** 01 April 2023 **End date:** 31 March 2024 OVERCOMERS FAITH CENTER Contents Page For the year ended 31 March 2024 |Company information|3| |---|---| |Director's report|4| |Accountants' report|6| |Income statement|7| |Statement of financial position|8| |Notes to the financial statements|9| |Detailed Income Statement|11| 2 of 11 OVERCOMERS FAITH CENTER Company Information For the year ended 31 March 2024 |**Director**|Grace OZAVIRENYI BALOUFITI| |---|---| |**Registered Number**|06043842| |**Registered Office**|2nd Floor, Capitol House, 662 London Road| ||Sutton, Surrey| ||SM3 9BY| |**Accountants**|ICON ACCOUNTANTS LIMITED| ||CAPITOL HOUSE| ||662 LONDON ROAD| ||SUTTON| ||SM3 9BY| 3 of 11 OVERCOMERS FAITH CENTER Director's Report For the year ended 31 March 2024 ## **Trustee's reports** The directors present their annual report and the financial statements for the year ended 31 March 2019. ## **Principal activities** Principal activity of the company during the financial 31 March 2019 was of Christian Religion Activities ## **Director** The director who served the company throughout the year was as follows: Grace OZAVIRENYI BALOUFITI ## **Statement of director's responsibilities** The trustees are responsible for preparing the directors' report and the financial statements in accordance with applicable law and regulations and in accordance with United Kingdom Generally Accepted Accounting Practice. Company law requires the directors to prepare financial statements for each financial year. Under that law the directors have elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (Financial Reporting Standard 102). Under company law the directors must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the company and the profit or loss of the company for that period. In preparing these financial statements, the directors are required to : - select suitable accounting policies and then apply them consistently make judgements and accounting estimates that are reasonable and prudent - state whether applicable UK Accounting Standards have been followed, subject to any material departures disclosed and explained in the financial statements and - prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business. The trustees are responsible for keeping adequate accounting records that are sufficient to show and explain the companys transactions and disclose with reasonable accuracy at any time the financial position of the company and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities. The directors are responsible for the maintenance and integrity of the corporate and financial information included on the company's website. Legislation in the United Kingdom, governing the preparation and dissemination of financial statements, may differ from legislation in other jurisdictions 4 of 11 OVERCOMERS FAITH CENTER Director's Report For the year ended 31 March 2024 On behalf of the board. ---------------------------------- Grace OZAVIRENYI BALOUFITI Director Date approved: 30 December 2024 5 of 11 OVERCOMERS FAITH CENTER Accountants' Report For the year ended 31 March 2024 Accountant’s report You consider that the company is exempt from an audit for the year ended 31 March 2024 . You have acknowledged, on the balance sheet, your responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts. These responsibilities include preparing accounts that give a true and fair view of the state of affairs of the company at the end of the financial year and of its profit or loss for the financial year. In accordance with your instructions, we have prepared the accounts which comprise the Profit and Loss Account, the Statement of Comprehensive Income, the Balance Sheet, the Statement of Changes in Equity and the related notes from the accounting records of the company and on the basis of information and explanations you have given to us. We have not carried out an audit or any other review, and consequently we do not express any opinion on these accounts. ICON ACCOUNTANTS LIMITED 31 March 2024 .................................................... ICON ACCOUNTANTS LIMITED CAPITOL HOUSE 662 LONDON ROAD SUTTON SM3 9BY 30 December 2024 6 of 11 ## OVERCOMERS FAITH CENTER Income Statement For the year ended 31 March 2024 |**Notes**
**Turnover**
Cost of sales
**Gross profit**
Administrative expenses
**Operating profit**
**Profit/(Loss) on ordinary activities before taxation**
Tax on profit on ordinary activities
**Profit/(Loss) for the financial year**|**2024**
**£**
35,045
(13,400)| |---|---| ||**21,645**
(19,735)| ||**1,910**| ||**1,910**
0| ||**1,910**| 7 of 11 ## OVERCOMERS FAITH CENTER Statement of Financial Position As at 31 March 2024 |**Notes**
**Fixed assets**
Tangible fixed assets
3
**Current assets**
Cash at bank and in hand
**Net current assets**
**Total assets less current liabilities**
**Net assets**
**Capital and reserves**
Profit and loss account
4
**Members' funds**|**2024**
**£**
1,600| |---|---| ||**1,600**
310| ||**310**| ||1,910| ||**1,910**| ||1,910| ||**1,910**| For the year ended 31 March 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. Director's responsibilities: 1. The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476. 2. The director acknowledges their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts. These financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime. The financial statements were approved by the director on 30 December 2024 and were signed by: ------------------------------- Grace OZAVIRENYI BALOUFITI Director 8 of 11 OVERCOMERS FAITH CENTER Notes to the Financial Statements For the year ended 31 March 2024 ## **General Information** OVERCOMERS FAITH CENTER is a private company, limited by guarantee, registered in England and Wales, registration number 06043842, registration address 2nd Floor, Capitol House, 662 London Road, Sutton, Surrey, SM3 9BY. The presentation currency is £ sterling. ## **1. Accounting policies** ## **Significant accounting policies** ## **Statement of compliance** These financial statements have been prepared in compliance with FRS 102 – The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006. ## **Basis of preparation** The financial statements have been prepared under the historical cost convention as modified by the revaluation of land and buildings and certain financial instruments measured at fair value in accordance with the accounting policies. The financial statements are prepared in sterling which is the functional currency of the company. ## **Turnover** Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts. ## **Website cost** Planning and operating costs for the company's website are charged to the income statement as incurred. ## **Tangible fixed assets** Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis: ## **Provisions** Provisions are recognised when the company has a present obligation as a result of a past event which it is more probable than not will result in an outflow of economic benefits that can be reasonably estimated. ## **2. Average number of employees** Average number of employees during the year was 2. 9 of 11 OVERCOMERS FAITH CENTER Notes to the Financial Statements For the year ended 31 March 2024 ## **3. Tangible fixed assets** |**Cost or valuation**
At 01 April 2023
Additions
Disposals
At 31 March 2024
**Depreciation**
At 01 April 2023
Charge for year
On disposals
At 31 March 2024
**Net book values**
Closing balance as at 31 March 2024
Opening balance as at 01 April 2023|Plant and
Machinery
**£**
1,600
-
-
**1,600**
-
-
-
**-**
**1,600**
**1,600**|**Total**
**£**
1,600
-
-| |---|---|---| |||**1,600**| |||-
-
-| |||**-**| |||**1,600**| |||**1,600**| ## **4. Profit and loss account** |Balance at 01 April 2023
Profit for the year
Balance at 31 March 2024|**2024**
**£**
0
1,910
**1,910**| |---|---| ## **5. Company Limited by Guarantee** The company is limited by guarantee and therefore has no shares. 10 of 11 OVERCOMERS FAITH CENTER Detailed Income Statement For the year ended 31 March 2024 |**Turnover**
Sales
**Cost of sales**
Rent
Other Direct Costs
Gross profit
**Administrative expenses**
Temporary Staff & Recruitment
Accountancy Fees
Rates & Water
Light, Heat & Power
General Travel Expenses
Bank Charges
Advertising
General Insurance
Telephone, Fax & Internet
Sundry Expenses
Operating profit
**Profit/(Loss) on ordinary activities before taxation**
**Profit/(Loss) for the financial year**|11,200
2,200|**2024**
**£**
35,045| |---|---|---| |||**35,045**
(13,400)| ||5,200
1,158
986
2,050
4,256
525
700
203
2,975
1,682|| |||**21,645**
(19,735)| |||| |||**1,910**| |||**1,910**| |||**1,910**| 11 of 11