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REGISTERED NUMBER: 09180445 (England and Wales)












UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 NOVEMBER 2023

FOR

OP TRADING LIMITED

OP TRADING LIMITED (REGISTERED NUMBER: 09180445)






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




Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 4

Chartered Accountants' Report 7

OP TRADING LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 NOVEMBER 2023







DIRECTORS: O McMahon
P I Thompson





REGISTERED OFFICE: Rutland House
90-92 Baxter Avenue
Southend on Sea
Essex
SS2 6HZ





REGISTERED NUMBER: 09180445 (England and Wales)





ACCOUNTANTS: Goldwyns Limited
Chartered Accountants
Rutland House
90-92 Baxter Avenue
Southend on Sea
Essex
SS2 6HZ

OP TRADING LIMITED (REGISTERED NUMBER: 09180445)

ABRIDGED BALANCE SHEET
30 NOVEMBER 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 143,892 171,256

CURRENT ASSETS
Stocks 5,000 34,200
Debtors 25,640 26,646
Cash at bank and in hand 66,046 29,997
96,686 90,843
CREDITORS
Amounts falling due within one year 589,382 557,047
NET CURRENT LIABILITIES (492,696 ) (466,204 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(348,804

)

(294,948

)

CREDITORS
Amounts falling due after more than one
year

64,805

108,087
NET LIABILITIES (413,609 ) (403,035 )

CAPITAL AND RESERVES
Called up share capital 7 100 100
Retained earnings (413,709 ) (403,135 )
SHAREHOLDERS' FUNDS (413,609 ) (403,035 )

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

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 2023 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

OP TRADING LIMITED (REGISTERED NUMBER: 09180445)

ABRIDGED BALANCE SHEET - continued
30 NOVEMBER 2023


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

All the members have consented to the preparation of an abridged Balance Sheet for the year ended 30 November 2023 in accordance with Section 444(2A) of the Companies Act 2006.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 29 November 2024 and were signed on its behalf by:





P I Thompson - Director


OP TRADING LIMITED (REGISTERED NUMBER: 09180445)

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

1. STATUTORY INFORMATION

OP Trading Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

The company's place of business differs from its registered office but is also located in Southend-on-Sea.

2. ACCOUNTING POLICIES

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

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
Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Improvements to property - 4.5% on cost
Plant and machinery - 25% on cost
Fixtures and fittings - 25% on cost
Computer equipment - 33% on cost

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 6 (2022 - 12 ) .

4. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 December 2022
and 30 November 2023 546,435
DEPRECIATION
At 1 December 2022 375,179
Charge for year 27,364
At 30 November 2023 402,543
NET BOOK VALUE
At 30 November 2023 143,892
At 30 November 2022 171,256

OP TRADING LIMITED (REGISTERED NUMBER: 09180445)

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

4. TANGIBLE FIXED ASSETS - continued

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Plant and
machinery
£   
COST
At 1 December 2022
and 30 November 2023 74,000
DEPRECIATION
At 1 December 2022 37,000
Charge for year 18,500
At 30 November 2023 55,500
NET BOOK VALUE
At 30 November 2023 18,500
At 30 November 2022 37,000

5. LEASING AGREEMENTS

Minimum lease payments fall due as follows:

Hire purchase contracts
2023 2022
£    £   
Net obligations repayable:
Within one year 13,902 11,763
Between one and five years 27,210 41,187
41,112 52,950

Non-cancellable operating leases
2023 2022
£    £   
Within one year 56,000 56,000
Between one and five years 224,000 280,000
In more than five years 126,000 182,000
406,000 518,000

OP TRADING LIMITED (REGISTERED NUMBER: 09180445)

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

6. SECURED DEBTS

The following secured debts are included within creditors:

2023 2022
£    £   
Bank loans 67,253 95,946
Hire purchase contracts 41,112 52,950
108,365 148,896

The company's bank holds a fixed and floating charge over the assets of the company.

The Bounce Back loan is secured by a guarantee from the UK Government under the Bounce Back Loan Scheme. Hire purchase liabilities are secured on the assets to which they relate.

7. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
100 Ordinary 100 100 100

8. GOING CONCERN

The financial statements show that at 30 November 2023 the company had a deficiency of net assets amounting to £413,609 (2022 - £403,035). The continuation of the company's activities is dependent on the continued support of its directors. The financial statements are therefore drawn up under the historical cost convention and on a going concern basis.

CHARTERED ACCOUNTANTS' REPORT TO THE BOARD OF DIRECTORS
ON THE UNAUDITED FINANCIAL STATEMENTS OF
OP TRADING LIMITED

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Directors' Report are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of OP Trading Limited for the year ended 30 November 2023 which comprise the Income Statement, Abridged 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 firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of OP Trading Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of OP Trading Limited and state those matters that we have agreed to state to the Board of Directors of OP Trading Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than OP Trading Limited and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that OP Trading Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and loss of OP Trading Limited. You consider that OP Trading 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 financial statements of OP Trading 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 statutory financial statements.






Goldwyns Limited
Chartered Accountants
Rutland House
90-92 Baxter Avenue
Southend on Sea
Essex
SS2 6HZ


29 November 2024