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REGISTERED NUMBER: 11417182 (England and Wales)















O P SYSTEMS LIMITED

Unaudited Financial Statements for the Year Ended 30 June 2023






O P SYSTEMS LIMITED (REGISTERED NUMBER: 11417182)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


O P SYSTEMS LIMITED

Company Information
for the Year Ended 30 June 2023







DIRECTORS: Mr M P Baines
Mr E R Belk
Mr P D Berry
Mr P Jones
Mr P Little
Mr D G Mawdesley
Mrs R M Rollinson
Mr J R Rollinson
Mr D N St John Yates
Mr H Woodlock
Mr A Da Silva
Mr P Wilson





REGISTERED OFFICE: 59-61 Charlotte Street
St Pauls Square
Birmingham
West Midlands
B3 1PX





REGISTERED NUMBER: 11417182 (England and Wales)





ACCOUNTANTS: Michael Dufty Partnership Limited
59-61 Charlotte Street
St Pauls Square
Birmingham
West Midlands
B3 1PX

O P SYSTEMS LIMITED (REGISTERED NUMBER: 11417182)

Balance Sheet
30 June 2023

2023 2022
as restated
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 1,425 2,373

CURRENT ASSETS
Stocks 8,333 31,341
Debtors 5 324,398 524,486
Cash at bank 74,524 233,084
407,255 788,911
CREDITORS
Amounts falling due within one year 6 323,642 777,794
NET CURRENT ASSETS 83,613 11,117
TOTAL ASSETS LESS CURRENT
LIABILITIES

85,038

13,490

PROVISIONS FOR LIABILITIES 356 450
NET ASSETS 84,682 13,040

CAPITAL AND RESERVES
Called up share capital 130,000 110,000
Retained earnings (45,318 ) (96,960 )
84,682 13,040

O P SYSTEMS LIMITED (REGISTERED NUMBER: 11417182)

Balance Sheet - continued
30 June 2023


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

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 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 by the Board of Directors and authorised for issue on 1 March 2024 and were signed on its behalf by:





Mr E R Belk - Director


O P SYSTEMS LIMITED (REGISTERED NUMBER: 11417182)

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

1. STATUTORY INFORMATION

O P Systems 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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 30% on cost

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 3 (2022 - 5 ) .

O P SYSTEMS LIMITED (REGISTERED NUMBER: 11417182)

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

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 July 2022 6,450
Additions 1,411
At 30 June 2023 7,861
DEPRECIATION
At 1 July 2022 4,077
Charge for year 2,359
At 30 June 2023 6,436
NET BOOK VALUE
At 30 June 2023 1,425
At 30 June 2022 2,373

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
as restated
£    £   
Trade debtors 299,351 474,183
Other debtors 25,047 50,303
324,398 524,486

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
as restated
£    £   
Trade creditors 293,017 612,335
Taxation and social security 24,017 47,518
Other creditors 6,608 117,941
323,642 777,794

O P SYSTEMS LIMITED (REGISTERED NUMBER: 11417182)

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

7. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 30 June 2023 and 30 June 2022:

2023 2022
as restated
£    £   
Mr M P Baines
Balance outstanding at start of year - -
Amounts advanced 5,657 -
Amounts repaid - -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 5,657 -