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Company Registration No. SC653132 (Scotland)
Opus Experts Ltd Unaudited accounts for the year ended 31 January 2024
Opus Experts Ltd Unaudited accounts Contents
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Opus Experts Ltd Company Information for the year ended 31 January 2024
Director
Anne Theresa Byrne
Company Number
SC653132 (Scotland)
Registered Office
16 Loganswell Gardens Thornliebank Glasgow G46 8HU Scotland
Accountants
Allsquare (Edinburgh) Ltd Federation House 222-224 Queensferry Road Edinburgh EH4 2BN
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Opus Experts Ltd Statement of financial position as at 31 January 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
948 
1,735 
Current assets
Debtors
6,657 
7,134 
Creditors: amounts falling due within one year
(3,600)
(5,756)
Net current assets
3,057 
1,378 
Total assets less current liabilities
4,005 
3,113 
Provisions for liabilities
Deferred tax
(150)
(330)
Net assets
3,855 
2,783 
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
3,755 
2,683 
Shareholders' funds
3,855 
2,783 
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 her 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 30 October 2024 and were signed on its behalf by
Anne Theresa Byrne Director Company Registration No. SC653132
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Opus Experts Ltd Notes to the Accounts for the year ended 31 January 2024
1
Statutory information
Opus Experts Ltd is a private company, limited by shares, registered in Scotland, registration number SC653132. The registered office is 16 Loganswell Gardens, Thornliebank, Glasgow, G46 8HU, Scotland.
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.
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 and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
20% straight line
Computer equipment
20% straight line
Deferred taxation
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.
4
Tangible fixed assets
Plant & machinery 
Computer equipment 
Total 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At 1 February 2023
2,619 
1,316 
3,935 
At 31 January 2024
2,619 
1,316 
3,935 
Depreciation
At 1 February 2023
1,571 
629 
2,200 
Charge for the year
524 
263 
787 
At 31 January 2024
2,095 
892 
2,987 
Net book value
At 31 January 2024
524 
424 
948 
At 31 January 2023
1,048 
687 
1,735 
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Opus Experts Ltd Notes to the Accounts for the year ended 31 January 2024
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Trade debtors
6,405 
6,789 
Accrued income and prepayments
252 
345 
6,657 
7,134 
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Taxes and social security
7,299 
2,840 
Loans from directors
(4,818)
1,836 
Accruals
1,119 
1,080 
3,600 
5,756 
7
Share capital
2024 
2023 
£ 
£ 
Allotted, called up and fully paid:
100 Ordinary shares of £1 each
100 
100 
8
Transactions with related parties
Included within 'Loans from directors' is an amount of £4,818 due from (2023: £1,836 due to) director, Anne Theresa Byrne, from the company. The loan is interest free and has no terms for repayment.
9
Average number of employees
During the year the average number of employees was 1 (2023: 1).
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