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COMPANY REGISTRATION NUMBER: 09425401
Opsis Consulting (Chester) Ltd
Filleted Unaudited Financial Statements
31 March 2025
Opsis Consulting (Chester) Ltd
Financial Statements
Period from 1 March 2024 to 31 March 2025
Contents
Page
Officers and professional advisers
1
Statement of financial position
2
Notes to the financial statements
4
Opsis Consulting (Chester) Ltd
Officers and Professional Advisers
Director
Mr DW Williams
Registered office
First Floor
2 City Road
Chester
CH1 3AE
Accountants
AGP
Chartered Accountants
First Floor
2 City Road
Chester
Cheshire
CH1 3AE
Opsis Consulting (Chester) Ltd
Statement of Financial Position
31 March 2025
31 Mar 25
29 Feb 24
Note
£
£
£
Fixed assets
Intangible assets
5
25,000
Tangible assets
6
753,642
681,099
---------
---------
753,642
706,099
Current assets
Debtors
7
195,224
74,894
Cash at bank and in hand
378,086
265,408
---------
---------
573,310
340,302
Creditors: amounts falling due within one year
8
278,111
116,909
---------
---------
Net current assets
295,199
223,393
------------
---------
Total assets less current liabilities
1,048,841
929,492
------------
---------
Net assets
1,048,841
929,492
------------
---------
Capital and reserves
Called up share capital
10
10
Profit and loss account
1,048,831
929,482
------------
---------
Shareholders funds
1,048,841
929,492
------------
---------
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.
For the period ending 31 March 2025 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 financial statements for the period in question in accordance with section 476 ;
- The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
Opsis Consulting (Chester) Ltd
Statement of Financial Position (continued)
31 March 2025
These financial statements were approved by the board of directors and authorised for issue on 22 August 2025 , and are signed on behalf of the board by:
Mr DW Williams
Director
Company registration number: 09425401
Opsis Consulting (Chester) Ltd
Notes to the Financial Statements
Period from 1 March 2024 to 31 March 2025
1. General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is First Floor, 2 City Road, Chester, CH1 3AE.
2. Statement of compliance
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Judgements and key sources of estimation uncertainty
The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.
Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax. Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.
Income tax
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.
Foreign currencies
Foreign currency transactions are initially recorded in the functional currency, by applying the spot exchange rate as at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are translated at the exchange rate ruling at the reporting date, with any gains or losses being taken to the profit and loss account.
Amortisation
Amortisation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful life of that asset as follows:
Goodwill
-
10% straight line
If there is an indication that there has been a significant change in amortisation rate, useful life or residual value of an intangible asset, the amortisation is revised prospectively to reflect the new estimates.
Tangible assets
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in equity, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation, is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in equity in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in equity in respect of that asset, the excess shall be recognised in profit or loss.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Land and Buildings
-
2% straight line
Fixtures & Fittings
-
15% reducing balance
Equipment
-
33% straight line
Impairment of fixed assets
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. For the purposes of impairment testing, when it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that largely independent of the cash inflows from other assets or groups of assets. For impairment testing of goodwill, the goodwill acquired in a business combination is, from the acquisition date, allocated to each of the cash-generating units that are expected to benefit from the synergies of the combination, irrespective of whether other assets or liabilities of the company are assigned to those units.
Financial instruments
The company only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured at their settlement value with the exception of banks loans which are subsequently measured at amortised cost using the effective interest method.
Defined contribution plans
Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund. When contributions are not expected to be settled wholly within 12 months of the end of the reporting date in which the employees render the related service, the liability is measured on a discounted present value basis. The unwinding of the discount is recognised as a finance cost in profit or loss in the period in which it arises.
Debtors
Short term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.
Creditors
Short term trade 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.
4. Employee numbers
The average number of persons employed by the company during the period amounted to 1 (2024: 1 ).
5. Intangible assets
Goodwill
£
Cost
At 1 March 2024 and 31 March 2025
250,000
---------
Amortisation
At 1 March 2024
225,000
Charge for the period
25,000
---------
At 31 March 2025
250,000
---------
Carrying amount
At 31 March 2025
---------
At 29 February 2024
25,000
---------
6. Tangible assets
Land and buildings
Fixtures and fittings
Equipment
Total
£
£
£
£
Cost
At 1 March 2024
757,297
6,982
9,710
773,989
Additions
416,370
1,271
417,641
Disposals
( 363,540)
( 759)
( 364,299)
---------
-------
--------
---------
At 31 March 2025
810,127
6,982
10,222
827,331
---------
-------
--------
---------
Depreciation
At 1 March 2024
81,902
5,364
5,624
92,890
Charge for the period
9,958
262
2,185
12,405
Disposals
( 30,847)
( 759)
( 31,606)
---------
-------
--------
---------
At 31 March 2025
61,013
5,626
7,050
73,689
---------
-------
--------
---------
Carrying amount
At 31 March 2025
749,114
1,356
3,172
753,642
---------
-------
--------
---------
At 29 February 2024
675,395
1,618
4,086
681,099
---------
-------
--------
---------
7. Debtors
31 Mar 25
29 Feb 24
£
£
Trade debtors
167,336
74,417
Other debtors
27,888
477
---------
--------
195,224
74,894
---------
--------
8. Creditors: amounts falling due within one year
31 Mar 25
29 Feb 24
£
£
Trade creditors
149,927
41,963
Corporation tax
121,051
61,708
Social security and other taxes
2,005
8,023
Other creditors
5,128
5,215
---------
---------
278,111
116,909
---------
---------
9. Director's advances, credits and guarantees
During the period the director entered into the following advances and credits with the company:
31 Mar 25
Balance brought forward
Advances/ (credits) to the director
Amounts repaid
Balance outstanding
£
£
£
£
Mr DW Williams
( 1,055)
212,419
( 211,958)
( 594)
-------
---------
---------
----
29 Feb 24
Balance brought forward
Advances/ (credits) to the director
Amounts repaid
Balance outstanding
£
£
£
£
Mr DW Williams
( 5,893)
167,192
( 162,354)
( 1,055)
-------
---------
---------
-------
10. Related party transactions
The company was under the control of Mr Williams throughout the current year. Mr Williams is the managing director and majority shareholder.