2022-11-012023-10-312023-10-31false05276640OPEN PARTNERSHIP SOLUTIONS 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OPEN PARTNERSHIP SOLUTIONS LIMITED

Registered Number
05276640
(England and Wales)

Unaudited Financial Statements for the Year ended
31 October 2023

OPEN PARTNERSHIP SOLUTIONS LIMITED
Company Information
for the year from 1 November 2022 to 31 October 2023

Directors

HARDING, Nicola Tracey
HARDING, Stephen John

Registered Address

26 Berkeley Square
Clifton
Bristol
BS8 1HP

Registered Number

05276640 (England and Wales)
OPEN PARTNERSHIP SOLUTIONS LIMITED
Statement of Financial Position
31 October 2023

Notes

2023

2022

£

£

£

£

Fixed assets
Tangible assets63,4793,875
3,4793,875
Current assets
Debtors7147,45493,700
Current asset investments426426
Cash at bank and on hand120,914182,257
268,794276,383
Creditors amounts falling due within one year8(141,895)(97,430)
Net current assets (liabilities)126,899178,953
Total assets less current liabilities130,378182,828
Net assets130,378182,828
Capital and reserves
Called up share capital100100
Profit and loss account130,278182,728
Shareholders' funds130,378182,828
The financial statements were approved and authorised for issue by the Board of Directors on 23 July 2024, and are signed on its behalf by:
HARDING, Nicola Tracey
Director
HARDING, Stephen John
Director

Registered Company No. 05276640
OPEN PARTNERSHIP SOLUTIONS LIMITED
Notes to the Financial Statements
for the year ended 31 October 2023

1.Statutory information
The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.
2.Compliance with applicable reporting framework
The financial statements have been prepared in compliance with FRS 102 Section 1A as it applies to the financial statements for the period and there were no material departures from the reporting standard.
3.Principal activities
The principal activity of the company in the period was that of Metalwork for Production.
4.Accounting policies
Property, plant and equipment policy
Tangible fixed assets are stated at cost or valuation less depreciation. Depreciation is provided on all tangible fixed assets as follows:

Reducing balance (%)
Plant and machinery25
Revenue recognition policy
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Foreign currency translation and operations policy
Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.
Investments policy
Investments in subsidiaries, associates and joint ventures are measured at cost less any accumulated impairment losses. Listed investments are measured at fair value where the difference between cost and fair value is material. Unlisted investments are measured at fair value unless the value cannot be measured reliably, in which case they are measured at cost less any accumulated impairment losses. Changes in fair value are included in the profit and loss account.
Employee benefits policy
Contributions to defined contribution plans are expensed in the period to which they relate.
5.Employee information

20232022
Average number of employees during the year22
6.Property, plant and equipment

Plant & machinery

Total

££
Cost or valuation
At 01 November 2236,40936,409
Additions682682
Disposals(24,758)(24,758)
At 31 October 2312,33312,333
Depreciation and impairment
At 01 November 2232,53432,534
Charge for year1,0781,078
On disposals(24,758)(24,758)
At 31 October 238,8548,854
Net book value
At 31 October 233,4793,479
At 31 October 223,8753,875
7.Debtors

2023

2022

££
Trade debtors / trade receivables22,13072,398
Other debtors125,32421,302
Total147,45493,700
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
8.Creditors within one year

2023

2022

££
Trade creditors / trade payables2,428296
Other creditors44,3741,641
Accrued liabilities and deferred income95,09395,493
Total141,89597,430
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.