Registered Number:03029048 |
For the year ended 30 April 2022
England and Wales
Unaudited Financial Statements
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
Opus Magnum Limited
Statement of Financial Position
2021
2022
23
45
2
Property, plant and equipment |
434,012
369,353
3
434,035
369,398
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
10
10
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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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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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. |
313 Merton Road
London
SW18 5JS
The presentation currency is £ sterling. |
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: |
Motor vehicles
Fixtures and fittings
2. Intangible fixed assets |
935
935
890
22
Charge for year
912
23
45
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For the year ended 30 April 2022
Opus Magnum Limited
Notes to the Financial Statements Continued
3. Property, plant and equipment |
Motor vehicles
950,488
863,754
77,704
9,030
129,714
80,124
49,590
-
-
(17,869)
-
(17,869)
9,030
109,425
943,878
1,062,333
Provision for depreciation and impairment |
581,135
549,611
31,524
-
Charge for year
62,668
39,323
23,345
-
(15,482)
-
(15,482)
-
628,321
588,934
39,387
-
9,030
70,038
354,944
434,012
9,030
46,180
314,143
369,353
2021
2022
277,673
166,704
5. Trade and other receivables |
2021
2022
662,649
290,795
87,856
46,223
337,018
750,505
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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
71,784
-
539,572
388,813
Taxation and social security |
191,878
221,699
115,993
214,209
919,227
824,721
7. Trade and other payables: amounts falling due after more than one year |
2021
2022
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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