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REGISTERED NUMBER: 05619026 (England and Wales)





















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30TH NOVEMBER 2023

FOR

UK - OPERATIONAL PROJECT SUPPORT LIMITED

UK - OPERATIONAL PROJECT SUPPORT LIMITED (REGISTERED NUMBER: 05619026)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30TH NOVEMBER 2023




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 3


UK - OPERATIONAL PROJECT SUPPORT LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30TH NOVEMBER 2023







DIRECTOR: Mr L T Finlayson





SECRETARY: Mrs C R Finlayson





REGISTERED OFFICE: Heybridge Court
Uttoxeter Road
Lower Tean
Stoke-on-Trent
Staffordshire
ST10 4LN





REGISTERED NUMBER: 05619026 (England and Wales)





ACCOUNTANTS: Howards Limited
Chartered Certified Accountants
Newport House
Newport Road
Stafford
Staffordshire
ST16 1DA

UK - OPERATIONAL PROJECT SUPPORT LIMITED (REGISTERED NUMBER: 05619026)

STATEMENT OF FINANCIAL POSITION
30TH NOVEMBER 2023

2023 2022
Notes £    £   
Fixed assets
Property, plant and equipment 5 392,127 254,565

Current assets
Inventories 45,000 45,000
Debtors 6 746,292 918,800
Investments 7 1,750 1,750
Cash at bank 64,911 254
857,953 965,804
Creditors
Amounts falling due within one year 8 (655,410 ) (731,860 )
Net current assets 202,543 233,944
Total assets less current liabilities 594,670 488,509

Creditors
Amounts falling due after more than one
year

9

(296,080

)

(141,392

)

Provisions for liabilities (19,703 ) (19,703 )

Accruals and deferred income (3,000 ) (3,000 )
Net assets 275,887 324,414

Capital and reserves
Called up share capital 2 2
Retained earnings 275,885 324,412
Shareholders' funds 275,887 324,414

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30th November 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30th November 2023 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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 29th November 2024 and were signed by:



Mr L T Finlayson - Director


UK - OPERATIONAL PROJECT SUPPORT LIMITED (REGISTERED NUMBER: 05619026)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30TH NOVEMBER 2023

1. STATUTORY INFORMATION

UK - Operational Project Support Limited is a private company, limited by shares, registered in England and Wales. The company's registered number is 05619026 and the registered office address is Heybridge Court, Uttoxeter Road, Lower Tean, Stoke on Trent, ST10 4LN.

The principal activity of the company is that of shop fitting.

2. STATEMENT OF COMPLIANCE

These financial statements have been prepared in accordance with the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

Functional currency
The financial statements are prepared in sterling. The functional currency of the company is sterling.

Significant judgements and estimates
In determining and applying accounting policies, judgement is often required in respect of items where the choice of specific policy, accounting estimate or assumption to be followed could materially affect the reported results or net asset position of the company; it may later be determined that a different choice would have been more appropriate. Management considers that certain accounting estimates and assumptions relating to revenue, taxation, tangible fixed assets, provisions and contingent liabilities and accruals are its critical accounting estimates.

Turnover
Turnover represents the value of services provided under contracts to the extent that there is a right to consideration and is recorded at the value of the consideration due.
Where a contract has only been partly completed at the balance sheet date turnover represents the value of the services provided to date based on a proportion of the total expected consideration at completion. Where payments are received in advance of services provided, the amounts are recorded as deferred income and included as part of creditors due within one year.

Tangible fixed assets
Land and buildings are carried at cost less accumulated depreciation.

Plant and machinery and fixtures and fittings are carried at cost less accumulated depreciation and accumulated impairment losses.

Land is not depreciated. Depreciation on other assets is calculated so as to write off the cost or valuation of an asset, less its residual value, over their estimated useful lives as follows:

Freehold buildings - 2% straight line
Plant and machinery - 15% reducing balance
Motor vehicles - 20% reducing balance
Office equipment - 15% reducing balance

On disposal, the difference between the net disposal proceeds and the carrying amount of the item sold is recognised in profit or loss, and included in other operating income.

Stocks
Inventories are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

UK - OPERATIONAL PROJECT SUPPORT LIMITED (REGISTERED NUMBER: 05619026)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30TH NOVEMBER 2023

3. ACCOUNTING POLICIES - continued

Financial instruments
The company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities like trade and other accounts receivable and payable, loans from banks and other third parties, loans to related parties and investments in non-puttable ordinary shares.

Financial assets that are measured at cost and amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in profit or loss.

For financial assets measured at amortised cost, the impairment loss is measured as the difference between an asset's carrying amount and the present value of estimated cash flows discounted at the asset's original effective interest rate. If a financial asset has a variable interest rate, the discount rate for measuring any impairment loss is the current effective interest rate determined under the contract.

For financial assets measured at cost less impairment, the impairment loss is measured as the difference between an asset's carrying amount and the best estimate, which is an approximation, of the amount that the company would receive for the asset if it were to be sold at the reporting date.

Financial assets and liabilities are offset and the net amount reported in the statement of financial position when there is an enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

UK - OPERATIONAL PROJECT SUPPORT LIMITED (REGISTERED NUMBER: 05619026)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30TH NOVEMBER 2023

3. ACCOUNTING POLICIES - continued

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to the profit and loss account over the relevant period. The capital element of the future payments is treated as a liability.

Rentals paid under operating leases are charged to the profit and loss account on a straight line basis over the period of the lease.

Provisions
Provisions are recognised when the company has a legal or constructive obligation at the reporting date as a result of a past event, it is probable that the company will be required to settle the obligation and the amount of the obligation can be reliably estimated.

Provisions are recognised at the best estimate of the amount required to settle the obligation at the reporting date.

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 26 (2022 - 25 ) .

5. PROPERTY, PLANT AND EQUIPMENT
Freehold Fixtures
land and Plant and and
property machinery fittings
£    £    £   
COST
At 1st December 2022 122,500 68,495 1,759
Additions - - -
At 30th November 2023 122,500 68,495 1,759
DEPRECIATION
At 1st December 2022 14,700 39,289 919
Charge for year 2,450 864 31
At 30th November 2023 17,150 40,153 950
NET BOOK VALUE
At 30th November 2023 105,350 28,342 809
At 30th November 2022 107,800 29,206 840

UK - OPERATIONAL PROJECT SUPPORT LIMITED (REGISTERED NUMBER: 05619026)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30TH NOVEMBER 2023

5. PROPERTY, PLANT AND EQUIPMENT - continued

Motor Computer
vehicles equipment Totals
£    £    £   
COST
At 1st December 2022 263,217 14,932 470,903
Additions 149,773 120 149,893
At 30th November 2023 412,990 15,052 620,796
DEPRECIATION
At 1st December 2022 155,992 5,438 216,338
Charge for year 8,770 216 12,331
At 30th November 2023 164,762 5,654 228,669
NET BOOK VALUE
At 30th November 2023 248,228 9,398 392,127
At 30th November 2022 107,225 9,494 254,565

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Motor
vehicles
£   
COST
At 1st December 2022 88,390
Additions 51,915
At 30th November 2023 140,305
DEPRECIATION
At 1st December 2022 40,838
Charge for year 6,832
At 30th November 2023 47,670
NET BOOK VALUE
At 30th November 2023 92,635
At 30th November 2022 47,552

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 309,071 389,622
Other debtors 437,221 529,178
746,292 918,800

7. CURRENT ASSET INVESTMENTS
2023 2022
£    £   
Unlisted investments 1,750 1,750

UK - OPERATIONAL PROJECT SUPPORT LIMITED (REGISTERED NUMBER: 05619026)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30TH NOVEMBER 2023

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 89,791 108,264
Hire purchase contracts 29,039 6,999
Trade creditors 78,864 152,059
Taxation and social security 314,885 464,538
Other creditors 142,831 -
655,410 731,860

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2023 2022
£    £   
Bank loans 162,389 119,258
Hire purchase contracts 133,691 22,134
296,080 141,392

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more than 5 years 68,837 31,979

10. SECURED DEBTS

The following secured debts are included within creditors:

2023 2022
£    £   
Bank overdraft - 74,736
Bank loans 252,180 152,786
Hire purchase contracts 162,730 29,133
414,910 256,655

There also exists a cross company guarantee/charge. There is floating charge over all property or undertaking of the company. The charge also contains a negative pledge.

The hire purchase contracts are secured on the assets to which they relate.

11. OTHER FINANCIAL COMMITMENTS

The company has total future leasing commitments of £nil (2022 £nil).

12. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 30th November 2023 and 30th November 2022:

2023 2022
£    £   
Mr L T Finlayson
Balance outstanding at start of year 309,168 221,464
Amounts advanced 205,866 465,868
Amounts repaid (306,268 ) (378,164 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 208,766 309,168

UK - OPERATIONAL PROJECT SUPPORT LIMITED (REGISTERED NUMBER: 05619026)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30TH NOVEMBER 2023

12. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES - continued

The overdrawn directors loan account was repaid within nine months of the year end by way of a dividend.