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Registered number: 11670168
Opus 67 Ltd
Unaudited Financial Statements
For The Year Ended 31 March 2024
Care Accountancy Services
69 Ingleside Drive
Stevenage
Herts
SG1 4RY
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 11670168
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 7,884 10,147
Investments 5 20,000 20,000
27,884 30,147
CURRENT ASSETS
Debtors 6 15,302 34,252
Cash at bank and in hand 87,517 99,250
102,819 133,502
Creditors: Amounts Falling Due Within One Year 7 (480 ) (600 )
NET CURRENT ASSETS (LIABILITIES) 102,339 132,902
TOTAL ASSETS LESS CURRENT LIABILITIES 130,223 163,049
Creditors: Amounts Falling Due After More Than One Year 8 (17,197 ) (18,733 )
NET ASSETS 113,026 144,316
CAPITAL AND RESERVES
Called up share capital 10 2 2
Profit and Loss Account 113,024 144,314
SHAREHOLDERS' FUNDS 113,026 144,316
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For the year ending 31 March 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The member has 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.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr Stephen Higgins
Director
27 November 2024
The notes on pages 3 to 5 form part of these financial statements.
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Notes to the Financial Statements
1. General Information
Opus 67 Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 11670168 . The registered office is 69 Ingleside Drive, Stevenage, Herts, SG1 4RY.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
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. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Motor Vehicles 25% of cost per annum
2.4. Leasing and Hire Purchase Contracts
Assets obtained under finance leases are capitalised as tangible fixed assets. Assets acquired under finance leases are depreciated over the shorter of the lease term and their useful lives. Assets acquired under hire purchase contracts are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the company. Obligations under such agreements are included in the creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.

Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to profit and loss account as incurred.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 1 (2023: 1)
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4. Tangible Assets
Motor Vehicles
£
Cost
As at 1 April 2023 40,588
Additions 10,512
As at 31 March 2024 51,100
Depreciation
As at 1 April 2023 30,441
Provided during the period 12,775
As at 31 March 2024 43,216
Net Book Value
As at 31 March 2024 7,884
As at 1 April 2023 10,147
5. Investments
Unlisted
£
Cost
As at 1 April 2023 20,000
As at 31 March 2024 20,000
Provision
As at 1 April 2023 -
As at 31 March 2024 -
Net Book Value
As at 31 March 2024 20,000
As at 1 April 2023 20,000
6. Debtors
2024 2023
£ £
Due within one year
Other debtors 15,302 34,252
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7. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Accruals and deferred income 480 600
8. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Net obligations under finance lease and hire purchase contracts 17,197 18,733
9. Obligations Under Finance Leases and Hire Purchase
2024 2023
£ £
The future minimum finance lease payments are as follows:
Later than one year and not later than five years 18,326 20,036
Less: Finance charges allocated to future periods 1,129 1,303
17,197 18,733
10. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 2 2
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