Caseware UK (AP4) 2023.0.135 2023.0.135 2023-08-01false22falsetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 13523868 2023-08-01 2024-07-31 13523868 2022-08-01 2023-07-31 13523868 2024-07-31 13523868 2023-07-31 13523868 c:Director1 2023-08-01 2024-07-31 13523868 d:FurnitureFittings 2023-08-01 2024-07-31 13523868 d:FurnitureFittings 2024-07-31 13523868 d:FurnitureFittings 2023-07-31 13523868 d:FurnitureFittings d:OwnedOrFreeholdAssets 2023-08-01 2024-07-31 13523868 d:OfficeEquipment 2023-08-01 2024-07-31 13523868 d:OfficeEquipment 2024-07-31 13523868 d:OfficeEquipment 2023-07-31 13523868 d:OfficeEquipment d:OwnedOrFreeholdAssets 2023-08-01 2024-07-31 13523868 d:OwnedOrFreeholdAssets 2023-08-01 2024-07-31 13523868 d:CurrentFinancialInstruments 2024-07-31 13523868 d:CurrentFinancialInstruments 2023-07-31 13523868 d:CurrentFinancialInstruments d:WithinOneYear 2024-07-31 13523868 d:CurrentFinancialInstruments d:WithinOneYear 2023-07-31 13523868 d:ShareCapital 2024-07-31 13523868 d:ShareCapital 2023-07-31 13523868 d:RetainedEarningsAccumulatedLosses 2024-07-31 13523868 d:RetainedEarningsAccumulatedLosses 2023-07-31 13523868 c:FRS102 2023-08-01 2024-07-31 13523868 c:AuditExempt-NoAccountantsReport 2023-08-01 2024-07-31 13523868 c:FullAccounts 2023-08-01 2024-07-31 13523868 c:PrivateLimitedCompanyLtd 2023-08-01 2024-07-31 iso4217:GBP xbrli:pure
Registered number: 13523868













Operational Design & Solutions Ltd

Financial statements
Information for filing with the registrar

31 July 2024




 
Operational Design & Solutions Ltd


Balance sheet
At 31 July 2024

2024
2023
Note
£
£

Fixed assets
  

Tangible assets
 4 
8,282
8,855

  
8,282
8,855

Current assets
  

Debtors
 5 
15,802
4,725

Cash at bank and in hand
  
56,355
37,579

  
72,157
42,304

Creditors: amounts falling due within one year
 6 
(38,454)
(23,361)

Net current assets
  
 
 
33,703
 
 
18,943

Total assets less current liabilities
  
41,985
27,798

Provisions for liabilities
  

Deferred tax
  
(2,071)
(2,214)

  
 
 
(2,071)
 
 
(2,214)

Net assets
  
39,914
25,584


Capital and reserves
  

Called up share capital 
  
3
3

Profit and loss account
  
39,911
25,581

Shareholders' funds
  
39,914
25,584


Page 1

 
Operational Design & Solutions Ltd

    
Balance sheet (continued)
At 31 July 2024

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 on 8 April 2025.




D Crow
Director

Company registered number: 13523868
The notes on pages 3 to 6 form part of these financial statements. 

Page 2

 
Operational Design & Solutions Ltd
 
 

Notes to the financial statements
Year ended 31 July 2024

1.


General information

The company is a private company limited by shares, incorporated and domiciled in the United Kingdom. The address of the registered office is 1 Festival Park Drive, Gateshead, Tyne and Wear, NE11 9TU.

2.Accounting policies

 
2.1

Statement of compliance

The financial statements have been prepared in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland (FRS 102) and the Companies Act 2006.

The following principal accounting policies have been applied:

 
2.2

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates and VAT.

 
2.3

Current and deferred taxation

The tax expense for the year comprises current and deferred tax. Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

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

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the balance sheet date, except that:
The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and
Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.

Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Page 3

 
Operational Design & Solutions Ltd
 

 
Notes to the financial statements
Year ended 31 July 2024

2.Accounting policies (continued)

 
2.4

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method.

Depreciation is provided on the following basis:

Fixtures and fittings
-
20%
Office equipment
-
20%

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

 
2.5

Financial instruments

The company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in ordinary shares.

 
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.


3.


Employees

The average monthly number of employees, including directors, during the year was 2 (2023: 2)

Page 4

 
Operational Design & Solutions Ltd
 
 

Notes to the financial statements
Year ended 31 July 2024

4.


Tangible fixed assets





Fixtures and fittings
Office equipment
Total

£
£
£



Cost


At 1 August 2023
-
12,575
12,575


Additions
872
1,212
2,084



At 31 July 2024

872
13,787
14,659



Depreciation


At 1 August 2023
-
3,719
3,719


Charge for the year
78
2,580
2,658



At 31 July 2024

78
6,299
6,377



Net book value



At 31 July 2024
794
7,488
8,282



At 31 July 2023
-
8,856
8,856


5.


Debtors

2024
2023
£
£


Trade debtors
15,742
4,080

Other debtors
-
645

Prepayments and accrued income
60
-

15,802
4,725


Page 5

 
Operational Design & Solutions Ltd
 
 

Notes to the financial statements
Year ended 31 July 2024

6.


Creditors: amounts falling due within one year

2024
2023
£
£

Trade creditors
198
-

Corporation tax
26,967
18,260

Other taxation and social security
4,265
3,462

Other creditors
5,424
39

Accruals and deferred income
1,600
1,600

38,454
23,361



7.


Transactions with directors

During the year the director operated a current account with the company to record amounts due to him and drawn by him.
The balance due to the director at the end of the year was £5,089 (2023: £645 due from the director). The loan is unsecured, has no fixed terms of repayment and incurs no interest. This balance was repaid to the director within nine months of the financial year end.

 
Page 6