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Opus Magnum Limited
Registered Number:03029048
For the year ended 30 April 2022
England and Wales
Unaudited Financial Statements
2
For the year ended 30 April 2022
Opus Magnum Limited
Contents Page
1
Statement of Financial Position
2 to 5
Notes to the Financial Statements
3
Registered Number :
03029048
As at 30 April 2022
Opus Magnum Limited
Statement of Financial Position
£
£
2021
2022
Notes
Fixed assets
Intangible assets
23
45
2
Property, plant and equipment
434,012
369,353
3
434,035
369,398
Current assets
Inventories
166,704
277,673
4
Trade and other receivables
337,018
750,505
5
1,568,972
Cash and cash equivalents
1,557,541
2,585,719
2,072,694
Trade and other payables: amounts falling due within one
year
(824,721)
(919,227)
6
1,247,973
1,666,492
Net current assets
Total assets less current liabilities
2,100,527
1,617,371
Trade and other payables: amounts falling due after more
than one year
-
(198,832)
7
1,901,695
Net assets
1,617,371
Capital and reserves
Called up share capital
10
10
Retained earnings
1,901,685
1,617,361
1,901,695
1,617,371
Shareholders' funds
For the year ended 30 April 2022 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 of its financial statements for the year ended 30 April 2022 in accordance with Section 476 of the Companies Act 2006
The director acknowledges his responsibilities for:a) ensuring that the company keeps proper 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 Section
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.
In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.
The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
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4
Registered Number :
03029048
For the year ended 30 April 2022
Opus Magnum Limited
Statement of Financial Position Continued
Christopher Turner Director
Jonathan Baulkwill Director
These financial statements were approved and authorised for issue by the Board on 08 September 2022 and were signed by:
The notes form part of these financial statements
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5
For the year ended 30 April 2022
Opus Magnum Limited
Notes to the Financial Statements
Statutory Information
Opus Magnum Limited is a private limited company, limited by shares, domiciled in England and Wales, registration
number 03029048.
Registered address:
313 Merton Road
London
SW18 5JS
The presentation currency is £ sterling.
1. Accounting policies
Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of Section 1A 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 costs convention as
modified by the revaluation of certain assets.
Revenue recognition
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
Property, plant and equipment
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:
25% Reducing balance
Motor vehicles
10% Reducing balance
Fixtures and fittings
2. Intangible fixed assets
Other
Intangible
Assets
Cost or valuation
£
At 01 May 2021
935
At 30 April 2022
935
Amortisation
At 01 May 2021
890
22
Charge for year
At 30 April 2022
912
Net book value
At 30 April 2022
23
At 30 April 2021
45
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6
For the year ended 30 April 2022
Opus Magnum Limited
Notes to the Financial Statements Continued
3. Property, plant and equipment
Total
Fixtures and
fittings
Motor vehicles
Land and
buildings
£
£
£
£
Cost or
valuation
At 01 May 2021
950,488
863,754
77,704
9,030
129,714
80,124
49,590
-
Additions
-
(17,869)
-
Disposals
(17,869)
At 30 April 2022
9,030
109,425
943,878
1,062,333
Provision for depreciation and impairment
At 01 May 2021
581,135
549,611
31,524
-
Charge for year
62,668
39,323
23,345
-
(15,482)
-
(15,482)
-
On disposal
At 30 April 2022
628,321
588,934
39,387
-
At 30 April 2022
Net book value
9,030
70,038
354,944
434,012
At 30 April 2021
9,030
46,180
314,143
369,353
4. Inventories
2021
2022
£
£
Stocks
277,673
166,704
5. Trade and other receivables
2021
2022
£
£
Trade debtors
662,649
290,795
Other debtors
87,856
46,223
337,018
750,505
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7
For the year ended 30 April 2022
Opus Magnum Limited
Notes to the Financial Statements Continued
6. Trade and other payables: amounts falling due within one year
2021
2022
£
£
Bank loans and overdraft
71,784
-
Trade creditors
539,572
388,813
Taxation and social security
191,878
221,699
Other creditors
115,993
214,209
919,227
824,721
7. Trade and other payables: amounts falling due after more than one year
2021
2022
£
£
Bank loans and overdraft
198,832
-
8. Directors advances and guarantees
At the balance sheet date Mr C Turner (Company Director) was owed £13,565 (2021 : £69,789), and Mr J Baulkwill
(Company Director) was owed £11,746 (2021 ; £68,755).
9. Average number of persons employed
During the year the average number of employees was 28 (2021 : 30)
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