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REGISTERED NUMBER: 01028198 (England and Wales)












UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2023

FOR

O & P CONSTRUCTION SERVICES LIMITED

O & P CONSTRUCTION SERVICES LIMITED (REGISTERED NUMBER: 01028198)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


O & P CONSTRUCTION SERVICES LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2023







DIRECTORS: Mr S N Oxley
Mr R Marshall-Mitchell
Mr A Marshall
Mrs M E Oxley





SECRETARY: Mrs M E Oxley





REGISTERED OFFICE: Common Lane
Wath Upon Dearne
Rotherham
South Yorkshire
S63 7DX





REGISTERED NUMBER: 01028198 (England and Wales)





ACCOUNTANTS: Gibson Booth Limited
12 Victoria Road
Barnsley
South Yorkshire
S70 2BB

O & P CONSTRUCTION SERVICES LIMITED (REGISTERED NUMBER: 01028198)

BALANCE SHEET
31 MARCH 2023

31.3.23 31.3.22
Notes £ £ £ £
FIXED ASSETS
Tangible assets 4 243,362 143,174
Investment property 5 64,397 64,397
307,759 207,571

CURRENT ASSETS
Stocks 6 2,000 2,000
Debtors 7 5,579,388 2,669,512
Cash at bank and in hand 1,996,354 2,037,936
7,577,742 4,709,448
CREDITORS
Amounts falling due within one year 8 5,752,948 3,926,210
NET CURRENT ASSETS 1,824,794 783,238
TOTAL ASSETS LESS CURRENT LIABILITIES 2,132,553 990,809

PROVISIONS FOR LIABILITIES 19,777 19,777
NET ASSETS 2,112,776 971,032

CAPITAL AND RESERVES
Called up share capital 9 500 500
Capital redemption reserve 1,000 1,000
Retained earnings 2,111,276 969,532
SHAREHOLDERS' FUNDS 2,112,776 971,032

O & P CONSTRUCTION SERVICES LIMITED (REGISTERED NUMBER: 01028198)

BALANCE SHEET - continued
31 MARCH 2023


The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2023 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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 applicable to companies subject to the small companies regime.

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

The financial statements were approved and authorised for issue by the Board of Directors and authorised for issue on 23 September 2023 and were signed on its behalf by:





Mr S N Oxley - Director


O & P CONSTRUCTION SERVICES LIMITED (REGISTERED NUMBER: 01028198)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

1. STATUTORY INFORMATION

O & P Construction Services Limited 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.

The financial statements are presented in sterling which is the functional currency of the company and rounded to the nearest pound.

2. ACCOUNTING POLICIES

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

Significant judgements and estimates
No judgements have been made in the process of applying the below accounting policies that have had the most significant effect on amounts recognised in the financial statements.

There are no key assumptions concerning the future and other key sources of estimation uncertainty at the reporting date that have a significant risk of causing material adjustment to the carrying amounts of assets and liabilities within the next financial year.

Turnover
Turnover is recognised to the extent that the company has obtained the right to consideration through the performance of its contractual obligations. Where the substance is that the company's contractual obligations are performed over time, turnover is recognised as contract activity progresses to reflect the company's partial performance of its contractual obligations. The amount recognised represents the right to consideration by reference to the value of work performed.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life.
Plant and machinery - 20% on reducing balance
Fixtures and fittings - 20% on reducing balance
Motor vehicles - 25% on reducing balance
Equipment - 25% on reducing balance

Investment property
Investment property is initially recognised in the financial statements at historic cost. In subsequent years, investment property is measured at fair value at each reporting date, with changes in fair value recognised in profit and loss.

O & P CONSTRUCTION SERVICES LIMITED (REGISTERED NUMBER: 01028198)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2023

2. ACCOUNTING POLICIES - continued

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 30 (2022 - 27 ) .

O & P CONSTRUCTION SERVICES LIMITED (REGISTERED NUMBER: 01028198)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2023

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor
machinery fittings vehicles Equipment Totals
£ £ £ £ £
COST
At 1 April 2022 96,417 41,663 182,305 32,206 352,591
Additions - - 168,490 2,700 171,190
Disposals - - (66,925 ) - (66,925 )
At 31 March 2023 96,417 41,663 283,870 34,906 456,856
DEPRECIATION
At 1 April 2022 78,878 35,411 79,503 15,625 209,417
Charge for year 3,508 1,250 26,251 4,604 35,613
Eliminated on disposal - - (31,536 ) - (31,536 )
At 31 March 2023 82,386 36,661 74,218 20,229 213,494
NET BOOK VALUE
At 31 March 2023 14,031 5,002 209,652 14,677 243,362
At 31 March 2022 17,539 6,252 102,802 16,581 143,174

5. INVESTMENT PROPERTY
Total
£
COST
At 1 April 2022
and 31 March 2023 64,397
NET BOOK VALUE
At 31 March 2023 64,397
At 31 March 2022 64,397

6. STOCKS
31.3.23 31.3.22
£ £
Materials 2,000 2,000

O & P CONSTRUCTION SERVICES LIMITED (REGISTERED NUMBER: 01028198)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2023

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.23 31.3.22
£ £
Trade debtors 4,512,190 1,561,346
Amounts recoverable on contract 958,606 1,028,579
Other debtors 1,945 1,636
Prepayments and accrued income 106,647 77,951
5,579,388 2,669,512

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.23 31.3.22
£ £
Trade creditors 2,398,203 2,015,850
Corporation tax 522,796 270,345
PAYE and NIC 34,658 35,900
VAT 1,423,030 797,110
Other creditors 33,463 42,159
Directors' current accounts 61 61
Accruals and deferred income 355,737 153,842
Deferred income 985,000 610,943
5,752,948 3,926,210

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.3.21 31.3.20
value: £    £   
475 A £1 475 475
25 B £1 25 25