Acorah Software Products - Accounts Production 16.0.110 false true 28 February 2023 1 March 2022 true No description of principal activity 1 March 2023 28 February 2024 28 February 2024 07964275 Mr Janusz Podrazik Ms Gioia Meller-Marcovicz iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 07964275 2023-02-28 07964275 2024-02-28 07964275 2023-03-01 2024-02-28 07964275 frs-core:CurrentFinancialInstruments 2024-02-28 07964275 frs-core:Non-currentFinancialInstruments 2024-02-28 07964275 frs-core:ComputerEquipment 2024-02-28 07964275 frs-core:ComputerEquipment 2023-03-01 2024-02-28 07964275 frs-core:ComputerEquipment 2023-02-28 07964275 frs-core:PlantMachinery 2024-02-28 07964275 frs-core:PlantMachinery 2023-03-01 2024-02-28 07964275 frs-core:PlantMachinery 2023-02-28 07964275 frs-core:SharePremium 2024-02-28 07964275 frs-core:ShareCapital 2024-02-28 07964275 frs-core:RetainedEarningsAccumulatedLosses 2024-02-28 07964275 frs-bus:PrivateLimitedCompanyLtd 2023-03-01 2024-02-28 07964275 frs-bus:FullAccounts 2023-03-01 2024-02-28 07964275 frs-bus:SmallEntities 2023-03-01 2024-02-28 07964275 frs-bus:AuditExemptWithAccountantsReport 2023-03-01 2024-02-28 07964275 frs-bus:SmallCompaniesRegimeForAccounts 2023-03-01 2024-02-28 07964275 frs-bus:SmallCompaniesRegimeForDirectorsReport 2023-03-01 2024-02-28 07964275 frs-bus:Director1 2023-03-01 2024-02-28 07964275 frs-bus:Director2 2023-03-01 2024-02-28 07964275 frs-countries:EnglandWales 2023-03-01 2024-02-28 07964275 2022-02-28 07964275 2023-02-28 07964275 2022-03-01 2023-02-28 07964275 frs-core:CurrentFinancialInstruments 2023-02-28 07964275 frs-core:Non-currentFinancialInstruments 2023-02-28 07964275 frs-core:SharePremium 2023-02-28 07964275 frs-core:ShareCapital 2023-02-28 07964275 frs-core:RetainedEarningsAccumulatedLosses 2023-02-28
Registered number: 07964275
Opusmodus Limited
Directors' Report and
Unaudited Financial Statements
For The Year Ended 28 February 2024
Accounting People Ltd
Devonshire House
582 Honeypot Lane
Stanmore
Middlesex
HA7 1JS
Contents
Page
Company Information 1
Directors' Report 2
Accountant's Report 3
Profit and Loss Account 4
Balance Sheet 5—6
Notes to the Financial Statements 7—8
Page 1
Company Information
Directors Mr Janusz Podrazik
Ms Gioia Meller-Marcovicz
Company Number 07964275
Registered Office Devonshire House
582 Honeypot Lane
Stanmore
Middlesex
HA7 1JS
Accountants Accounting People Ltd
Devonshire House
582 Honeypot Lane
Stanmore
Middlesex
HA7 1JS
Page 1
Page 2
Directors' Report
The directors present their report and the financial statements for the year ended 28 February 2024.
Directors
The directors who held office during the year were as follows:
Mr Janusz Podrazik
Ms Gioia Meller-Marcovicz
Statement of Directors' Responsibilities
The directors are responsible for preparing the Directors' Report and the financial statements in accordance with applicable law and regulations.
Company law requires the directors to prepare financial statements for each financial year. Under that law the directors have elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law). Under company law the directors must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the company and of the profit or loss of the company for that period. In preparing the financial statements the directors are required to:
  • select suitable accounting policies and then apply them consistently;
  • make judgments and accounting estimates that are reasonable and prudent;
  • prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business.
The directors are responsible for keeping adequate accounting records that are sufficient to show and explain the company's transactions and disclose with reasonable accuracy at any time the financial position of the company and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
The directors are responsible for the maintenance and integrity of the corporate and financial information included on the company's website. Legislation in the United Kingdom governing the preparation and dissemination of financial statements may differ from legislation in other jurisdictions.
Small Company Rules
This report has been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.
On behalf of the board
Mr Janusz Podrazik
Director
27/11/2024
Page 2
Page 3
Accountant's Report
2Report to the directors on the preparation of the unaudited statutory accounts of Opusmodus Limited for the year ended 28 February 2024
To assist you to fulfil your duties under the Companies Act 2006, I have prepared for your approval the accounts of Opusmodus Limited which comprise the Profit and Loss Account, the Balance Sheet and the related notes, from the company’s accounting records and from information and explanations you have given us.
As a practising member of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at http://www.accaglobal.com/en/member/professional-standards/rules-standards/acca-rulebook.html.
This report is made to the directors of Opusmodus Limited , as a body, in accordance with the terms of our engagement letter dated . Our work has been undertaken solely to prepare for your approval the accounts of Opusmodus Limited and state those matters that we have agreed to state to the directors of Opusmodus Limited , as a body, in this report in accordance with the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/content/dam/ACCA_Global/Technical/fact/technical-factsheet-163.pdf. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Opusmodus Limited and its directors as a body for our work or for this report.
It is your duty to ensure that Opusmodus Limited has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit or loss of Opusmodus Limited . You consider that Opusmodus Limited is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit or a review of the accounts of Opusmodus Limited . For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the financial statements.
Signed
27/11/2024
Accounting People Ltd
Devonshire House
582 Honeypot Lane
Stanmore
Middlesex
HA7 1JS
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Page 4
Profit and Loss Account
2024 2023
Notes £ £
TURNOVER 23,337 13,169
GROSS PROFIT 23,337 13,169
Administrative expenses (37,056 ) (129,473 )
OPERATING LOSS (13,719 ) (116,304 )
Interest payable and similar charges (555 ) (868 )
LOSS FOR THE FINANCIAL YEAR (14,274 ) (117,172 )
The notes on pages 7 to 8 form part of these financial statements.
Page 4
Page 5
Balance Sheet
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 2,593 3,973
2,593 3,973
CURRENT ASSETS
Cash at bank and in hand 1,783 11,257
1,783 11,257
Creditors: Amounts Falling Due Within One Year 5 (372,833 ) (362,216 )
NET CURRENT ASSETS (LIABILITIES) (371,050 ) (350,959 )
TOTAL ASSETS LESS CURRENT LIABILITIES (368,457 ) (346,986 )
Creditors: Amounts Falling Due After More Than One Year 6 (35,249 ) (42,449 )
NET LIABILITIES (403,706 ) (389,435 )
CAPITAL AND RESERVES
Called up share capital 7 83 80
Share premium account 197,820 197,820
Profit and Loss Account (601,609 ) (587,335 )
SHAREHOLDERS' FUNDS (403,706) (389,435)
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For the year ending 28 February 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 directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.
On behalf of the board
Mr Janusz Podrazik
Director
27/11/2024
The notes on pages 7 to 8 form part of these financial statements.
Page 6
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Notes to the Financial Statements
1. General Information
Opusmodus Limited is a private company, limited by shares, incorporated in England & Wales, registered number 07964275 . The registered office is Devonshire House, 582 Honeypot Lane, Stanmore, Middlesex, HA7 1JS.
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:
Plant & Machinery 25% straight line on cost
Computer Equipment 25% straight line on cost
2.4. Foreign Currencies
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate ruling on the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 1 (2023: 1)
1 1
4. Tangible Assets
Plant & Machinery Computer Equipment Total
£ £ £
Cost
As at 1 March 2023 10,522 4,851 15,373
As at 28 February 2024 10,522 4,851 15,373
Depreciation
As at 1 March 2023 10,187 1,213 11,400
Provided during the period 167 1,213 1,380
As at 28 February 2024 10,354 2,426 12,780
Net Book Value
As at 28 February 2024 168 2,425 2,593
As at 1 March 2023 335 3,638 3,973
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5. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Bank loans and overdrafts 2,382 2,382
Other creditors 326,193 326,193
Accruals and deferred income 2,220 2,400
Directors' loan accounts 41,838 31,041
Amounts owed to other participating interests 200 200
372,833 362,216
6. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Bank loans 35,249 42,449
7. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 83 80
Page 8