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REGISTERED NUMBER: 07969833 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 December 2022

for

Opeready Systems Ltd

Opeready Systems Ltd (Registered number: 07969833)

Contents of the Financial Statements
for the Year Ended 31 December 2022










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Opeready Systems Ltd

Company Information
for the Year Ended 31 December 2022







DIRECTORS: M Cohen
B Landshut
Ms A Vaspori
A Dodzin
I Sapir





REGISTERED OFFICE: 5 North End Road
London
NW11 7RJ





REGISTERED NUMBER: 07969833 (England and Wales)





ACCOUNTANTS: Martin+Heller
5 North End Road
London
NW11 7RJ

Opeready Systems Ltd (Registered number: 07969833)

Balance Sheet
31 December 2022

31.12.22 31.12.21
Notes £ £ £ £
FIXED ASSETS
Tangible assets 4 212 318

CURRENT ASSETS
Debtors 5 22,429 10,990
Cash at bank 179,396 157,462
201,825 168,452
CREDITORS
Amounts falling due within one year 6 53,521 56,036
NET CURRENT ASSETS 148,304 112,416
TOTAL ASSETS LESS CURRENT
LIABILITIES

148,516

112,734

CREDITORS
Amounts falling due after more than one
year

7

5,590

7,150

CAPITAL AND RESERVES
Called up share capital 8 1,000 1,000
Retained earnings 9 141,926 104,584
SHAREHOLDERS' FUNDS 142,926 105,584
148,516 112,734

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2022.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2022 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.

Opeready Systems Ltd (Registered number: 07969833)

Balance Sheet - continued
31 December 2022


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 14 March 2024 and were signed on its behalf by:





M Cohen - Director


Opeready Systems Ltd (Registered number: 07969833)

Notes to the Financial Statements
for the Year Ended 31 December 2022


1. STATUTORY INFORMATION

Opeready Systems Ltd 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 - 33% on reducing balance

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.

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 1 (2021 - 1 ) .

Opeready Systems Ltd (Registered number: 07969833)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2022


4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£
COST
At 1 January 2022
and 31 December 2022 10,331
DEPRECIATION
At 1 January 2022 10,013
Charge for year 106
At 31 December 2022 10,119
NET BOOK VALUE
At 31 December 2022 212
At 31 December 2021 318

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.22 31.12.21
£ £
Trade debtors 22,429 10,990

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.22 31.12.21
£ £
Trade creditors 16,579 17,862
Tax 21,086 16,117
VAT 901 395
Mr. I Sapir - 8,707
Directors' current accounts 10,955 10,955
Accrued expenses 4,000 2,000
53,521 56,036

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.12.22 31.12.21
£ £
Bank loans - 2-5 years 5,590 7,150

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.12.22 31.12.21
value: £ £
NIL - -
99,999 Ordinary £0.01 1,000 1,000
1,000 1,000

Opeready Systems Ltd (Registered number: 07969833)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2022


9. RESERVES
Retained
earnings
£

At 1 January 2022 104,584
Profit for the year 37,342
At 31 December 2022 141,926