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Registration number: 06704480

Office Project Solutions Limited

Unaudited Filleted Financial Statements

for the Year Ended 30 September 2024

 

Office Project Solutions Limited

Contents

Balance Sheet

1

Notes to the Unaudited Financial Statements

2 to 4

 

Office Project Solutions Limited

(Registration number: 06704480)
Balance Sheet as at 30 September 2024

Note

2024
£

2023
£

Fixed assets

 

Tangible assets

4

8,134

7,290

Current assets

 

Debtors

5

4,031

4,133

Cash at bank and in hand

 

57,421

25,096

 

61,452

29,229

Creditors: Amounts falling due within one year

6

(29,629)

(30,608)

Net current assets/(liabilities)

 

31,823

(1,379)

Net assets

 

39,957

5,911

Capital and reserves

 

Called up share capital

100

100

Retained earnings

39,857

5,811

Shareholders' funds

 

39,957

5,911

For the financial year ending 30 September 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have 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.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the director has not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the director on 14 January 2025
 

.........................................
J M Stockley
Director

 

Office Project Solutions Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 September 2024

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
2 Old Bath Road
Newbury
Berkshire
RG14 1QL
England

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the provision of project management consultancy services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

Tax

The tax expense for the period comprises current tax payable.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Home office building

Not depreciated

Office equipment

25% reducing balance basis

Fixtures and fittings

25% reducing balance basis

 

Office Project Solutions Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 September 2024

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

3

Staff numbers

The average number of persons employed by the company (including the director) during the year, was 2 (2023 - 2).

4

Tangible assets

Land and buildings
£

Fixtures and fittings
£

Office equipment
£

Total
£

Cost or valuation

At 1 October 2023

4,791

2,611

1,679

9,081

Additions

-

-

1,808

1,808

At 30 September 2024

4,791

2,611

3,487

10,889

Depreciation

At 1 October 2023

-

1,020

771

1,791

Charge for the year

-

398

566

964

At 30 September 2024

-

1,418

1,337

2,755

Carrying amount

At 30 September 2024

4,791

1,193

2,150

8,134

At 30 September 2023

4,791

1,591

908

7,290

5

Debtors

Current

2024
£

2023
£

Other debtors

4,031

4,133

 

4,031

4,133

 

Office Project Solutions Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 September 2024

6

Creditors

Creditors: amounts falling due within one year

2024
£

2023
£

Due within one year

Trade creditors

456

204

Taxation and social security

24,314

13,767

Other creditors

4,859

16,637

29,629

30,608

7

Related party transactions

Transactions with the director

2024

At 1 October 2023
£

Advances to director
£

Repayments by director
£

At 30 September 2024
£

J M Stockley

Director loan

(16,637)

33,602

(21,824)

(4,859)

2023

At 1 October 2022
£

Advances to director
£

Repayments by director
£

At 30 September 2023
£

J M Stockley

Director loan

6,155

24,598

(47,390)

(16,637)