Company Registration No. SC653132 (Scotland)
Opus Experts Ltd
Unaudited accounts
for the year ended 31 January 2023
Opus Experts Ltd
Unaudited accounts
Contents
Opus Experts Ltd
Company Information
for the year ended 31 January 2023
Director
Anne Theresa Byrne
Company Number
SC653132 (Scotland)
Registered Office
16 Loganswell Gardens
Thornliebank
Glasgow
G46 8HU
Scotland
Accountants
Allsquare (Edinburgh) Ltd
Federation House
222-224 Queensferry Road
Edinburgh
EH4 2BN
Opus Experts Ltd
Statement of financial position
as at 31 January 2023
Tangible assets
1,735
2,122
Creditors: amounts falling due within one year
(5,756)
(9,052)
Net current assets/(liabilities)
1,378
(6,006)
Total assets less current liabilities
3,113
(3,884)
Provisions for liabilities
Net assets/(liabilities)
2,783
(3,884)
Called up share capital
100
100
Profit and loss account
2,683
(3,984)
Shareholders' funds
2,783
(3,884)
For the year ending 31 January 2023 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 in accordance with section 476 of the Companies Act 2006.
The director acknowledges her responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 26 October 2023 and were signed on its behalf by
Anne Theresa Byrne
Director
Company Registration No. SC653132
Opus Experts Ltd
Notes to the Accounts
for the year ended 31 January 2023
Opus Experts Ltd is a private company, limited by shares, registered in Scotland, registration number SC653132. The registered office is 16 Loganswell Gardens, Thornliebank, Glasgow, G46 8HU, Scotland.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
20% straight line
Computer equipment
20% straight line
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws.
Deferred tax assets and liabilities are not discounted.
Opus Experts Ltd
Notes to the Accounts
for the year ended 31 January 2023
4
Tangible fixed assets
Plant & machinery
Computer equipment
Total
Cost or valuation
At cost
At cost
At 1 February 2022
2,619
916
3,535
At 31 January 2023
2,619
1,316
3,935
At 1 February 2022
1,047
366
1,413
Charge for the year
524
263
787
At 31 January 2023
1,571
629
2,200
At 31 January 2023
1,048
687
1,735
At 31 January 2022
1,572
550
2,122
Amounts falling due within one year
Accrued income and prepayments
345
346
6
Creditors: amounts falling due within one year
2023
2022
Taxes and social security
2,840
-
Loans from directors
1,836
7,902
7
Deferred taxation
2023
2022
Accelerated capital allowances
330
403
Tax losses carried forward
-
(403)
Charged to the profit and loss account
330
-
Provision at end of year
330
-
Opus Experts Ltd
Notes to the Accounts
for the year ended 31 January 2023
Allotted, called up and fully paid:
100 Ordinary shares of £1 each
100
100
9
Transactions with related parties
Included within 'Loans from directors' is an amount of £1,836 (2022: £7,902) due to the director, Anne Theresa Byrne, from the company. The loan is interest free and has no terms for repayment.
10
Average number of employees
During the year the average number of employees was 0 (2022: 0).