Caseware UK (AP4) 2024.0.164 2024.0.164 2024-05-312024-05-3112023-06-01falseNo description of principal activity1truetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 03570870 2023-06-01 2024-05-31 03570870 2022-06-01 2023-05-31 03570870 2024-05-31 03570870 2023-05-31 03570870 2022-06-01 03570870 c:Director1 2023-06-01 2024-05-31 03570870 d:CurrentFinancialInstruments 2024-05-31 03570870 d:CurrentFinancialInstruments 2023-05-31 03570870 d:CurrentFinancialInstruments d:WithinOneYear 2024-05-31 03570870 d:CurrentFinancialInstruments d:WithinOneYear 2023-05-31 03570870 d:ShareCapital 2024-05-31 03570870 d:ShareCapital 2023-05-31 03570870 d:ShareCapital 2022-06-01 03570870 d:RetainedEarningsAccumulatedLosses 2023-06-01 2024-05-31 03570870 d:RetainedEarningsAccumulatedLosses 2024-05-31 03570870 d:RetainedEarningsAccumulatedLosses 2022-06-01 2023-05-31 03570870 d:RetainedEarningsAccumulatedLosses 2023-05-31 03570870 d:RetainedEarningsAccumulatedLosses 2022-06-01 03570870 c:OrdinaryShareClass1 2023-06-01 2024-05-31 03570870 c:OrdinaryShareClass1 2024-05-31 03570870 c:OrdinaryShareClass1 2023-05-31 03570870 c:FRS102 2023-06-01 2024-05-31 03570870 c:AuditExempt-NoAccountantsReport 2023-06-01 2024-05-31 03570870 c:FullAccounts 2023-06-01 2024-05-31 03570870 c:PrivateLimitedCompanyLtd 2023-06-01 2024-05-31 03570870 6 2023-06-01 2024-05-31 03570870 e:PoundSterling 2023-06-01 2024-05-31 xbrli:shares iso4217:GBP xbrli:pure

Registered number: 03570870










The OPS Group Limited








Unaudited

Financial statements

Information for filing with the registrar

For the year ended 31 May 2024





 
The OPS Group Limited
Registered number: 03570870

Balance sheet
As at 31 May 2024

2024
2023
£
£

Fixed assets
  

Investments
 4 
80
80

  
80
80

  

Creditors: amounts falling due within one year
 5 
(80)
(80)

Net current liabilities
  
 
 
(80)
 
 
(80)

Total assets less current liabilities
  
-
-

  

Net assets
  
-
-


Capital and reserves
  

Called up share capital 
 6 
100
100

Profit and loss account
  
(100)
(100)

  
-
-


The director considers that the company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

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

The company has opted not to file the statement of comprehensive income in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf by: 






Mr M P Knight
Director

Date: 7 February 2025

The notes on pages 3 to 5 form part of these financial statements.

Page 1

 
The OPS Group Limited
 

Statement of changes in equity
For the year ended 31 May 2024


Called up share capital
Profit and loss account
Total equity

£
£
£


At 1 June 2022
100
(100)
-



Profit for the year
-
93,000
93,000

Dividends: Equity capital
-
(93,000)
(93,000)



At 1 June 2023
100
(100)
-



Profit for the year
-
72,000
72,000

Dividends: Equity capital
-
(72,000)
(72,000)


At 31 May 2024
100
(100)
-


The notes on pages 3 to 5 form part of these financial statements.

Page 2

 
The OPS Group Limited
 

 
Notes to the financial statements
For the year ended 31 May 2024

1.


General information

The OPS Group Limited is a private company, limited by share capital, and incorporated in England and Wales, registration number 03570870. The registered office address is 5 The Mount Drive, Reigate, Surrey, RH2 0EZ.
These financial statements are presented in sterling and are rounded to the nearest £1.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The following principal accounting policies have been applied:

 
2.2

Exemption from preparing consolidated financial statements

The company is the parent undertaking of a small group and as such is not required by the Companies Act 2006 to prepare group accounts. These financial statements therefore present information about the Company as an individual undertaking, and not about its group.

 
2.3

Valuation of investments

Investments in subsidiaries are measured at cost less accumulated impairment.

 
2.4

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

 
2.5

Financial instruments

The company has elected to apply the provisions of Section 11 “Basic Financial Instruments” of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the company's Balance sheet when the company becomes party to the contractual provisions of the instrument.

Basic financial assets

Basic financial assets, which include trade and other receivables, cash and bank balances, are initially measured at their transaction price including transaction costs and are subsequently carried at their amortised cost using the effective interest method, less any provision for impairment, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest.

Discounting is omitted where the effect of discounting is immaterial. The company's cash and cash equivalents, trade and most other receivables due with the operating cycle fall into this category of financial instruments.

Impairment of financial assets

Financial assets are assessed for indicators of impairment at each reporting date. 

Financial assets are impaired when events, subsequent to their initial recognition, indicate the
Page 3

 
The OPS Group Limited
 

 
Notes to the financial statements
For the year ended 31 May 2024

2.Accounting policies (continued)


2.5
Financial instruments (continued)

estimated future cash flows derived from the financial asset(s) have been adversely impacted. The impairment loss will be the difference between the current carrying amount and the present value of the future cash flows at the asset(s) original effective interest rate.

If there is a favourable change in relation to the events surrounding the impairment loss then the impairment can be reviewed for possible reversal. The reversal will not cause the current carrying amount to exceed the original carrying amount had the impairment not been recognised. The impairment reversal is recognised in the profit or loss.

Financial liabilities

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instruments any contract that evidences a residual interest in the assets of the company after the deduction of all its liabilities.

Basic financial liabilities, which include trade and other payables, bank loans and other loans are initially measured at their transaction price after transaction costs. When this constitutes a financing transaction, whereby the debt instrument is measured at the present value of the future receipts discounted at a market rate of interest. Discounting is omitted where the effect of discounting is immaterial.

Debt instruments are subsequently carried at their amortised cost using the effective interest rate method.

Trade payables are obligations to pay for goods and services that have been acquired in the ordinary course of business from suppliers. Trade payables are classified as current liabilities if the payment is due within one year. If not, they represent non-current liabilities. Trade payables are initially recognised at their transaction price and subsequently are measured at amortised cost using the effective interest method. Discounting is omitted where the effect of discounting is immaterial.



Derecognition of financial instruments

Derecognition of financial assets

Financial assets are derecognised when their contractual right to future cash flow expire, or are settled, or when the company transfers the asset and substantially all the risks and rewards of ownership to another party. If significant risks and rewards of ownership are retained after the transfer to another party, then the company will continue to recognise the value of the portion of the risks and rewards retained.

Derecognition of financial liabilities

Financial liabilities are derecognised when the company's contractual obligations expire or are discharged or cancelled.

 
2.6

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.

Page 4

 
The OPS Group Limited
 

 
Notes to the financial statements
For the year ended 31 May 2024

3.


Employees

The average monthly number of employees, including directors, during the year was 1 (2023 - 1).


4.


Fixed asset investments





Investments in subsidiary companies

£



Cost or valuation


At 1 June 2023
80



At 31 May 2024
80





5.


Creditors: Amounts falling due within one year

2024
2023
£
£

Amounts owed to group undertakings
80
80

80
80



6.


Share capital

2024
2023
£
£
Allotted, called up and fully paid



100 (2023 - 100) Ordinary shares of £1 each
100
100


Page 5