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REGISTERED NUMBER: 09915514 (England and Wales)












Unaudited Financial Statements

for the Year Ended 30 April 2023

for

Oplan Office Furniture Limited

Oplan Office Furniture Limited (Registered number: 09915514)






Contents of the Financial Statements
for the Year Ended 30 April 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Oplan Office Furniture Limited

Company Information
for the Year Ended 30 April 2023







DIRECTORS: D N Campbell
F J Lawlor





REGISTERED OFFICE: Queen Adelaide Way
Ely
Cambridgeshire
CB7 4UB





REGISTERED NUMBER: 09915514 (England and Wales)





ACCOUNTANTS: Wormald & Partners
Chartered Accountants (ICAEW)
Redland House
157 Redland Road
Redland
Bristol
BS6 6YE

Oplan Office Furniture Limited (Registered number: 09915514)

Balance Sheet
30 April 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 2,999 -
Tangible assets 5 65,605 48,738
68,604 48,738

CURRENT ASSETS
Stocks 1,857,205 760,263
Debtors 6 987,819 67,679
Cash at bank 209,925 114,860
3,054,949 942,802
CREDITORS
Amounts falling due within one year 7 1,143,241 810,785
NET CURRENT ASSETS 1,911,708 132,017
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,980,312

180,755

CREDITORS
Amounts falling due after more than one year 8 (2,048,928 ) (308,752 )

PROVISIONS FOR LIABILITIES 9 (16,214 ) (9,260 )
NET LIABILITIES (84,830 ) (137,257 )

CAPITAL AND RESERVES
Called up share capital 10 1 1
Retained earnings 11 (84,831 ) (137,258 )
SHAREHOLDERS' FUNDS (84,830 ) (137,257 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 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.

Oplan Office Furniture Limited (Registered number: 09915514)

Balance Sheet - continued
30 April 2023


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 by the Board of Directors and authorised for issue on 25 September 2023 and were signed on its behalf by:




D N Campbell - Director



F J Lawlor - Director


Oplan Office Furniture Limited (Registered number: 09915514)

Notes to the Financial Statements
for the Year Ended 30 April 2023

1. STATUTORY INFORMATION

Oplan Office Furniture 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.

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.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Website Development are being amortised evenly over their estimated useful life of five years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 20% on reducing balance basis
Motor vehicles - 20% on reducing balance basis

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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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 4 (2022 - 4 ) .

Oplan Office Furniture Limited (Registered number: 09915514)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2023

4. INTANGIBLE FIXED ASSETS
Website
Development
£   
COST
Additions 3,750
At 30 April 2023 3,750
AMORTISATION
Amortisation for year 751
At 30 April 2023 751
NET BOOK VALUE
At 30 April 2023 2,999

5. TANGIBLE FIXED ASSETS
Fixtures
Short and Motor
leasehold fittings vehicles Totals
£    £    £    £   
COST
At 1 May 2022 - - 60,923 60,923
Additions 7,695 57,910 - 65,605
Disposals - - (60,923 ) (60,923 )
At 30 April 2023 7,695 57,910 - 65,605
DEPRECIATION
At 1 May 2022 - - 12,185 12,185
Charge for year - - 9,136 9,136
Eliminated on disposal - - (21,321 ) (21,321 )
At 30 April 2023 - - - -
NET BOOK VALUE
At 30 April 2023 7,695 57,910 - 65,605
At 30 April 2022 - - 48,738 48,738

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 911,571 63,191
Other debtors 23,000 -
Prepayments and accrued income 53,248 4,488
987,819 67,679

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Hire purchase contracts - 14,117
Trade creditors 774,252 733,096
Social security and other taxes 107,479 20,902
Other creditors 1,589 40,770
Accrued expenses 259,921 1,900
1,143,241 810,785

Oplan Office Furniture Limited (Registered number: 09915514)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2023

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2023 2022
£    £   
Hire purchase contracts - 29,750
Amounts owed to group undertakings 2,048,928 279,002
2,048,928 308,752

9. PROVISIONS FOR LIABILITIES
2023 2022
£    £   
Deferred tax 16,214 9,260

Deferred
tax
£   
Balance at 1 May 2022 9,260
Provided during year 6,954
Balance at 30 April 2023 16,214

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
1 Ordinary £1 1 1

11. RESERVES
Retained
earnings
£   

At 1 May 2022 (137,258 )
Profit for the year 52,427
At 30 April 2023 (84,831 )

12. RELATED PARTY DISCLOSURES

The ultimate parent company is Edit Logistics Limited, a company incorporated in the Republic of Ireland.

At the year end the balance of the loan due to the parent company amounted to £2,048,928 (2022: £279,002)