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Registered number: 07958404
Operam Limited
Unaudited Financial Statements
For The Year Ended 30 April 2024
Allan Smith Accounting & Tax Limited
Chartered Accountants
Contents
Page
Accountants' Report 1
Balance Sheet 2—3
Notes to the Financial Statements 4—5
Page 1
Accountants' Report
Chartered Accountants' report to the director on the preparation of the unaudited statutory accounts of Operam Limited for the year ended 30 April 2024
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Operam Limited for the year ended 30 April 2024 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 to 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 at http://www.icaew.com/en/membership/regulations-standards-and-guidance.
This report is made solely to the director of Operam Limited , as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the accounts of Operam Limited and state those matters that we have agreed to state to the director of Operam Limited , as a body, in this report in accordance with ICAEW Technical Release 07/16 AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Operam Limited and its director, as a body, for our work or for this report.
It is your duty to ensure that Operam 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 Operam Limited . You consider that Operam Limited is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit of the accounts of Operam 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
11/01/2025
Allan Smith Accounting & Tax Limited
Chartered Accountants
Page 1
Page 2
Balance Sheet
Registered number: 07958404
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 4,853 6,486
Investments 5 53,282 -
58,135 6,486
CURRENT ASSETS
Debtors 6 101,775 50,194
Cash at bank and in hand 610,686 583,241
712,461 633,435
Creditors: Amounts Falling Due Within One Year 7 (116,409 ) (90,666 )
NET CURRENT ASSETS (LIABILITIES) 596,052 542,769
TOTAL ASSETS LESS CURRENT LIABILITIES 654,187 549,255
NET ASSETS 654,187 549,255
CAPITAL AND RESERVES
Called up share capital 8 100 100
Profit and Loss Account 654,087 549,155
SHAREHOLDERS' FUNDS 654,187 549,255
Page 2
Page 3
For the year ending 30 April 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 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 Paul Shillcock
Director
11/01/2025
The notes on pages 4 to 5 form part of these financial statements.
Page 3
Page 4
Notes to the Financial Statements
1. General Information
Operam Limited is a private company, limited by shares, incorporated in England & Wales, registered number 07958404 . The registered office is Devonshire Business Centre, Works Road, Letchworth Garden City, Hertfordshire, SG6 1GJ.
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 form the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
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
Computer Equipment 25% straight line
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: 4 (2023: 4)
4 4
4. Tangible Assets
Plant & Machinery Computer Equipment Total
£ £ £
Cost
As at 1 May 2023 4,492 17,206 21,698
Additions - 1,736 1,736
As at 30 April 2024 4,492 18,942 23,434
Depreciation
As at 1 May 2023 1,123 14,089 15,212
Provided during the period 1,123 2,246 3,369
As at 30 April 2024 2,246 16,335 18,581
Net Book Value
As at 30 April 2024 2,246 2,607 4,853
As at 1 May 2023 3,369 3,117 6,486
Page 4
Page 5
5. Investments
Listed
£
Cost
As at 1 May 2023 -
Additions 53,282
As at 30 April 2024 53,282
Provision
As at 1 May 2023 -
As at 30 April 2024 -
Net Book Value
As at 30 April 2024 53,282
As at 1 May 2023 -
6. Debtors
2024 2023
£ £
Due within one year
Trade debtors 74,987 27,259
Prepayments and accrued income 20,016 10,337
Other debtors 6,299 12,598
Director's loan account 473 -
101,775 50,194
7. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 3,069 5,961
Corporation tax 89,192 70,046
Other taxes and social security 224 174
VAT 22,554 12,289
Accruals and deferred income 1,370 1,588
Director's loan account - 608
116,409 90,666
8. Share Capital
2024 2023
Allotted, called up and fully paid £ £
60 Ordinary Shares of £ 1.000 each 60 60
Preference Shares
2024 2023
Allotted, called up and fully paid £ £
40 Preference Shares of £ 1.000 each 40 40
Page 5