1 February 2023 false No description of principal activity Taxfiler 2024.5 true 12435259business:PrivateLimitedCompanyLtd2023-02-012024-01-31 124352592023-01-31 124352592023-02-012024-01-31 12435259business:AuditExempt-NoAccountantsReport2023-02-012024-01-31 12435259business:FilletedAccounts2023-02-012024-01-31 124352592024-01-31 12435259business:Director12023-02-012024-01-31 12435259business:RegisteredOffice2023-02-012024-01-31 124352592023-01-31 12435259core:WithinOneYear2024-01-31 12435259core:WithinOneYear2023-01-31 12435259core:AfterOneYear2024-01-31 12435259core:AfterOneYear2023-01-31 12435259core:ShareCapitalcore:PreviouslyStatedAmount2024-01-31 12435259core:ShareCapitalcore:PreviouslyStatedAmount2023-01-31 12435259core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2024-01-31 12435259core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2023-01-31 12435259core:PreviouslyStatedAmount2024-01-31 12435259core:PreviouslyStatedAmount2023-01-31 12435259business:SmallEntities2023-02-012024-01-31 12435259countries:EnglandWales2023-02-012024-01-31 124352592022-02-012023-01-31 iso4217:GBP xbrli:pure
Company Registration No. 12435259 (England and Wales)
PrepOpp Ltd Unaudited accounts for the year ended 31 January 2024
PrepOpp Ltd Unaudited accounts Contents
Page
- 2 -
PrepOpp Ltd Company Information for the year ended 31 January 2024
Director
Joseph Gerard Macquarrie
Company Number
12435259 (England and Wales)
Registered Office
22a Flat 3 Ray Park Avenue Maidenhead Berkshire SL6 8DY England
Accountants
Multiply Accountancy Limited 71-75 Shelton Street London WC2H 9JQ
- 3 -
PrepOpp Ltd Statement of financial position as at 31 January 2024
2024 
2023 
Notes
£ 
£ 
Current assets
Debtors
7,403 
375 
Cash at bank and in hand
10,767 
8,516 
18,170 
8,891 
Creditors: amounts falling due within one year
(10,659)
(10,394)
Net current assets/(liabilities)
7,511 
(1,503)
Total assets less current liabilities
7,511 
(1,503)
Creditors: amounts falling due after more than one year
(22,214)
(26,691)
Net liabilities
(14,703)
(28,194)
Capital and reserves
Called up share capital
1 
1 
Profit and loss account
(14,704)
(28,195)
Shareholders' funds
(14,703)
(28,194)
For the year ending 31 January 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered 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 profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 28 October 2024 and were signed on its behalf by
Joseph Gerard Macquarrie Director Company Registration No. 12435259
- 4 -
PrepOpp Ltd Notes to the Accounts for the year ended 31 January 2024
1
Statutory information
PrepOpp Ltd is a private company, limited by shares, registered in England and Wales, registration number 12435259. The registered office is 22a Flat 3, Ray Park Avenue, Maidenhead, Berkshire, SL6 8DY, England.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. 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.
Going concern
The company had net liabilities of £14,703 (2023: £28,194). There are material uncertainties related to events or conditions that may cast significant doubt about the company’s ability to continue as a going concern but in the opinion of the director the going concern basis remains appropriate.
4
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Trade debtors
7,403 
375 
5
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Bank loans and overdrafts
9,564 
9,695 
Loans from directors
(218)
219 
Accruals
1,313 
480 
10,659 
10,394 
6
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Bank loans
22,214 
26,691 
- 5 -
PrepOpp Ltd Notes to the Accounts for the year ended 31 January 2024
7
Average number of employees
During the year the average number of employees was 1 (2023: 1).
- 6 -