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REGISTERED NUMBER: 02775442 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30TH JUNE 2024

FOR

OPS INTERNATIONAL LIMITED

OPS INTERNATIONAL LIMITED (REGISTERED NUMBER: 02775442)

CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 30th June 2024










Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 3


OPS INTERNATIONAL LIMITED

COMPANY INFORMATION
for the Year Ended 30th June 2024







DIRECTOR: Mr M E Greenwood





REGISTERED OFFICE: 6 West Malling Close
Heywood
Lancs
OL10 2WP





REGISTERED NUMBER: 02775442 (England and Wales)





ACCOUNTANTS: Xeinadin
100 Barbirolli Square
Manchester
M2 3BD

OPS INTERNATIONAL LIMITED (REGISTERED NUMBER: 02775442)

STATEMENT OF FINANCIAL POSITION
30th June 2024

2024 2023
Notes £    £   
CURRENT ASSETS
Debtors 4 711 2,101
Cash at bank 61 1,453
772 3,554
CREDITORS
Amounts falling due within one year 5 (1,524,472 ) (1,516,570 )
NET CURRENT LIABILITIES (1,523,700 ) (1,513,016 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(1,523,700

)

(1,513,016

)

CREDITORS
Amounts falling due after more than one
year

6

(10,511

)

(20,745

)
NET LIABILITIES (1,534,211 ) (1,533,761 )

CAPITAL AND RESERVES
Called up share capital 7 2,400 2,400
Share premium 900,400 900,400
Retained earnings (2,437,011 ) (2,436,561 )
SHAREHOLDERS' FUNDS (1,534,211 ) (1,533,761 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30th June 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30th June 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 Profit and Loss Account has not been delivered.

The financial statements were approved by the director and authorised for issue on 21st October 2024 and were signed by:





Mr M E Greenwood - Director


OPS INTERNATIONAL LIMITED (REGISTERED NUMBER: 02775442)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 30th June 2024


1. STATUTORY INFORMATION

OPS International Limited is a private company limited by share capital, incorporated in England and Wales, registration number 02775442. The address of the registered office and principal place of business is 6 West Malling Close, Heywood, Lancs, England, OL10 2WP.

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.

The director considers that the company has adequate resources, due to continued financial support from the shareholders, to remain in operation for the foreseeable future and have therefore continued to adopt the going concern basis in preparing the financial statements.

Turnover
Turnover is measured as the fair value of the consideration received or receivable, excluding value added tax and other sales taxes.

Turnover is generated from the provision of technical manpower and consultancy services to the oil and gas industry.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the profit and loss account, 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 statement of financial position date.

Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the statement of financial position date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

Trade and other debtors
Trade and other debtors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method, less impairment losses for bad and doubtful debts except where the effect of discounting would be immaterial. In such cases, the receivables are stated at cost less impairment losses for bad and doubtful debts.

Trade and other creditors
Trade and other creditors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method unless the effect of discounting would be immaterial, in which case they stated at cost.

Cash and cash equivalents
Cash and cash equivalents comprise cash at bank.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2023 - NIL).

OPS INTERNATIONAL LIMITED (REGISTERED NUMBER: 02775442)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 30th June 2024


4. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Amounts owed by participating interests 711 -
Other debtors - 2,101
711 2,101

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 10,246 9,994
Trade creditors - 59,015
Other creditors - 5,700
Directors' current accounts 1,513,368 1,441,056
Accruals and deferred income 858 805
1,524,472 1,516,570

6. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Bank loans - 1-2 years 10,511 10,247
Bank loans - 2-5 years - 10,498
10,511 20,745

7. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
2,400 Ordinary £1 2,400 2,400