3 01/06/2022 31/05/2023 2023-05-31 false false false false false false false true false false true false false false false false true false No description of principal activities is disclosed 2022-06-01 Sage Accounts Production 23.0 - FRS102_2023 xbrli:pure xbrli:shares iso4217:GBP 13414705 2022-06-01 2023-05-31 13414705 2023-05-31 13414705 2022-05-31 13414705 2021-06-01 2022-05-31 13414705 2022-05-31 13414705 2021-05-31 13414705 bus:RegisteredOffice 2022-06-01 2023-05-31 13414705 bus:LeadAgentIfApplicable 2022-06-01 2023-05-31 13414705 bus:Director1 2022-06-01 2023-05-31 13414705 core:WithinOneYear 2023-05-31 13414705 core:WithinOneYear 2022-05-31 13414705 bus:AllOrdinaryShares 2022-06-01 2023-05-31 13414705 bus:AllOrdinaryShares 2021-06-01 2022-05-31 13414705 core:ShareCapital 2023-05-31 13414705 core:ShareCapital 2022-05-31 13414705 core:RetainedEarningsAccumulatedLosses 2023-05-31 13414705 core:RetainedEarningsAccumulatedLosses 2022-05-31 13414705 bus:Director1 2022-05-31 13414705 bus:Director1 2023-05-31 13414705 bus:Director1 2022-05-31 13414705 bus:Director1 2021-06-01 2022-05-31 13414705 bus:SmallEntities 2022-06-01 2023-05-31 13414705 bus:AuditExempt-NoAccountantsReport 2022-06-01 2023-05-31 13414705 bus:SmallCompaniesRegimeForAccounts 2022-06-01 2023-05-31 13414705 bus:PrivateLimitedCompanyLtd 2022-06-01 2023-05-31 13414705 bus:FullAccounts 2022-06-01 2023-05-31
Company registration number: 13414705
OPI Builders Ltd
Unaudited filleted financial statements
31 May 2023
OPI Builders Ltd
Contents
Directors and other information
Statement of financial position
Notes to the financial statements
OPI Builders Ltd
Directors and other information
Director Mr C Chester
Company number 13414705
Registered office 1050 Middleton Road
Chadderton
Oldham
Lancs
OL9 9RZ
Accountant JP Gallagher & Co
106 Moston Lane East
Manchester
M40 3QL
OPI Builders Ltd
Statement of financial position
31 May 2023
31/05/23 31/05/22
Note £ £ £ £
Current assets
Debtors 6 9,883 10,151
Cash at bank and in hand 3,178 9,063
_______ _______
13,061 19,214
Creditors: amounts falling due
within one year 7 ( 2,841) ( 7,650)
_______ _______
Net current assets 10,220 11,564
_______ _______
Total assets less current liabilities 10,220 11,564
_______ _______
Net assets 10,220 11,564
_______ _______
Capital and reserves
Called up share capital 100 100
Profit and loss account 10,120 11,464
_______ _______
Shareholder funds 10,220 11,564
_______ _______
For the year ending 31 May 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's responsibilities:
- The member has not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;
- The director acknowledges their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of comprehensive income has not been delivered.
These financial statements were approved by the board of directors and authorised for issue on 12 February 2024 , and are signed on behalf of the board by:
Mr C Chester
Director
Company registration number: 13414705
OPI Builders Ltd
Notes to the financial statements
Year ended 31 May 2023
1. General information
The company is a private company limited by shares, registered in England & Wales. The address of the registered office is 1050 Middleton Road, Chadderton, Oldham, Lancs, OL9 9RZ.
2. Statement of compliance
These financial statements have been prepared in compliance with the provisions of FRS 102, Section 1A, 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Turnover
Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax.
When the outcome of a transaction involving the rendering of services can be reliably estimated, revenue from the rendering of services is measured by reference to the stage of completion of the service transaction at the end of the reporting period.
Taxation
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in the statement of comprehensive income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves. In this case, tax is recognised in other comprehensive income or directly in capital and reserves, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.
Financial instruments
A financial asset or a financial liability is recognised only when the company becomes a party to the contractual provisions of the instrument.
Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.
Debt instruments are subsequently measured at amortised cost.
4. Staff costs
The average number of persons employed by the company during the year amounted to 3 (2022: 2 ).
The aggregate payroll costs incurred during the year were:
Year Period
ended ended
31/05/23 31/05/22
£ £
Wages and salaries 25,885 10,928
_______ _______
5. Dividends
Equity dividends
Year Period
ended ended
31/05/23 31/05/22
£ £
Dividends paid during the year (excluding those for which a liability existed at the end of the prior period) 10,000 18,000
_______ _______
6. Debtors
31/05/23 31/05/22
£ £
Other debtors 9,883 10,151
_______ _______
7. Creditors: amounts falling due within one year
31/05/23 31/05/22
£ £
Corporation tax 2,031 6,911
Other creditors 810 739
_______ _______
2,841 7,650
_______ _______
8. Directors advances, credits and guarantees
During the year the director entered into the following advances and credits with the company:
Year ended 31/05/23
Balance brought forward Advances /(credits) to the director Balance o/standing
£ £ £
Mr C Chester ( 19) ( 71) ( 90)
_______ _______ _______
Period ended 31/05/22
Balance brought forward Advances /(credits) to the director Balance o/standing
£ £ £
Mr C Chester - ( 19) ( 19)
_______ _______ _______