Caseware UK (AP4) 2022.0.179 2022.0.179 2022-08-01false22falsetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 13523868 2022-08-01 2023-07-31 13523868 2023-07-31 13523868 2021-07-22 2022-07-31 13523868 2022-07-31 13523868 c:Director1 2022-08-01 2023-07-31 13523868 d:OfficeEquipment 2022-08-01 2023-07-31 13523868 d:OfficeEquipment 2023-07-31 13523868 d:OfficeEquipment 2022-07-31 13523868 d:OfficeEquipment d:OwnedOrFreeholdAssets 2022-08-01 2023-07-31 13523868 d:CurrentFinancialInstruments 2023-07-31 13523868 d:CurrentFinancialInstruments 2022-07-31 13523868 d:CurrentFinancialInstruments d:WithinOneYear 2023-07-31 13523868 d:CurrentFinancialInstruments d:WithinOneYear 2022-07-31 13523868 d:ShareCapital 2023-07-31 13523868 d:ShareCapital 2022-07-31 13523868 d:RetainedEarningsAccumulatedLosses 2023-07-31 13523868 d:RetainedEarningsAccumulatedLosses 2022-07-31 13523868 c:FRS102 2022-08-01 2023-07-31 13523868 c:AuditExempt-NoAccountantsReport 2022-08-01 2023-07-31 13523868 c:FullAccounts 2022-08-01 2023-07-31 13523868 c:PrivateLimitedCompanyLtd 2022-08-01 2023-07-31 iso4217:GBP xbrli:pure
Registered number: 13523868













Operational Design & Solutions Ltd

Financial statements
Information for filing with the registrar

31 July 2023




 
Operational Design & Solutions Ltd


Balance sheet
At 31 July 2023

2023
2022
Note
£
£

Fixed assets
  

Tangible assets
 4 
8,855
6,405

  
8,855
6,405

Current assets
  

Debtors: amounts falling due within one year
 5 
4,725
15,401

Cash at bank and in hand
  
37,579
25,297

  
42,304
40,698

Creditors: amounts falling due within one year
 6 
(23,361)
(23,897)

Net current assets
  
 
 
18,943
 
 
16,801

Total assets less current liabilities
  
27,798
23,206

Provisions for liabilities
  

Deferred tax
  
(2,214)
(311)

  
 
 
(2,214)
 
 
(311)

Net assets
  
25,584
22,895


Capital and reserves
  

Called up share capital 
  
3
3

Profit and loss account
  
25,581
22,892

Shareholders' funds
  
25,584
22,895


Page 1

 
Operational Design & Solutions Ltd

    
Balance sheet (continued)
At 31 July 2023

The director considers that the company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared 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 financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The company has opted not to file the statement of comprehensive income in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 5 April 2024.




D Crow
Director

Company registered number: 13523868
The notes on pages 3 to 6 form part of these financial statements. 

Page 2

 
Operational Design & Solutions Ltd
 
 

Notes to the financial statements
Year ended 31 July 2023

1.


General information

The company is a private company limited by shares, incorporated and domiciled in the United Kingdom. The address of the registered office is 1 Festival Park Drive, Gateshead, Tyne and Wear, NE11 9TU.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The following principal accounting policies have been applied:

 
2.2

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates and VAT.

 
2.3

Current and deferred taxation

The tax expense for the year comprises current and deferred tax. Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the company operates and generates income.

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the balance sheet date, except that:
The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and
Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.

Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Page 3

 
Operational Design & Solutions Ltd
 

 
Notes to the financial statements
Year ended 31 July 2023

2.Accounting policies (continued)

 
2.4

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method.

Depreciation is provided on the following basis:

Office equipment
-
20%

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

 
2.5

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

 
2.6

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

 
2.7

Financial instruments

The company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in ordinary shares.

 
2.8

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.


3.


Employees

The average monthly number of employees, including directors, during the year was 2 (2022 - 2).

Page 4

 
Operational Design & Solutions Ltd
 
 

Notes to the financial statements
Year ended 31 July 2023

4.


Tangible fixed assets





Office equipment

£



Cost or valuation


At 1 August 2022
7,831


Additions
4,743



At 31 July 2023

12,574



Depreciation


At 1 August 2022
1,426


Charge for the year
2,293



At 31 July 2023

3,719



Net book value



At 31 July 2023
8,855



At 31 July 2022
6,405


5.


Debtors

2023
2022
£
£


Trade debtors
4,080
15,401

Other debtors
645
-

4,725
15,401


Page 5

 
Operational Design & Solutions Ltd
 
 

Notes to the financial statements
Year ended 31 July 2023

6.


Creditors: amounts falling due within one year

2023
2022
£
£

Trade creditors
-
180

Corporation tax
18,260
12,221

Other taxation and social security
3,462
4,527

Other creditors
39
5,519

Accruals and deferred income
1,600
1,450

23,361
23,897



7.


Transactions with directors

During the year the director operated a current account with the company to record amounts due to him and drawn by him.
The balance due from the director at the end of the year was £645 (2022: £1,582 due to the director). The loan is unsecured, has no fixed terms of repayment and incurs no interest. This balance was repaid to the company within nine months of the financial year end.

 
Page 6