REGISTERED NUMBER: 04997196 (England and Wales)

AUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

FOR

OPUS-UK LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

P J Smith

M D Allen

REGISTERED OFFICE:

30 - 32 Hanover House

Charlotte Street

Manchester

M1 4FD

REGISTERED NUMBER:

04997196 (England and Wales)

AUDITORS:

Goldwyns Limited

Statutory Auditors and Chartered Accountants

Rutland House

90-92 Baxter Avenue

Southend on Sea

Essex

SS2 6HZ

FIXED ASSETS

Intangible assets

4

-

-

Tangible assets

5

69,390

162,852

69,390

162,852

CURRENT ASSETS

Debtors

6

3,761,343

3,934,718

Cash at bank

151,788

85,101

3,913,131

4,019,819

CREDITORS

Amounts falling due within one year

7

2,890,034

3,020,927

NET CURRENT ASSETS

1,023,097

998,892

TOTAL ASSETS LESS CURRENT LIABILITIES

1,092,487

1,161,744

PROVISIONS FOR LIABILITIES

9

31,100

31,100

NET ASSETS

1,061,387

1,130,644

CAPITAL AND RESERVES

Called up share capital

10

96

96

Retained earnings

1,061,291

1,130,548

SHAREHOLDERS' FUNDS

1,061,387

1,130,644

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

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 26 September 2025 and were signed on its behalf by:

M D Allen - Director

1.	STATUTORY INFORMATION

Opus-UK Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Development costs are being amortised evenly over their estimated useful life of ten years.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Fixtures and fittings

-

25% on reducing balance

Motor vehicles

-

25% on reducing balance

Computer equipment

-

Straight line over 5 years and Straight line over 3 years

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 25 (2023 - 31 ) .

4.	INTANGIBLE FIXED ASSETS

Other

intangible

assets

£

COST

At 1 January 2024

and 31 December 2024

40,000

AMORTISATION

At 1 January 2024

and 31 December 2024

40,000

NET BOOK VALUE

At 31 December 2024

-

At 31 December 2023

-

5.	TANGIBLE FIXED ASSETS

Fixtures

and

Motor

Computer

fittings

vehicles

equipment

Totals

£

£

£

£

COST

At 1 January 2024

95,150

8,578

301,558

405,286

Disposals

(95,150

)

-

-

(95,150

)

At 31 December 2024

-

8,578

301,558

310,136

DEPRECIATION

At 1 January 2024

82,026

8,578

151,830

242,434

Charge for year

3,419

-

80,338

83,757

Eliminated on disposal

(85,445

)

-

-

(85,445

)

At 31 December 2024

-

8,578

232,168

240,746

NET BOOK VALUE

At 31 December 2024

-

-

69,390

69,390

At 31 December 2023

13,124

-

149,728

162,852

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Trade debtors

441,697

550,694

Amounts owed by group undertakings

2,837,516

3,000,204

Other debtors

482,130

383,820

3,761,343

3,934,718

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Trade creditors

324,988

383,210

Amounts owed to group undertakings

2,270,059

2,320,135

Taxation and social security

137,248

121,145

Other creditors

157,739

196,437

2,890,034

3,020,927

8.	LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:

2024

2023

£

£

Within one year

-

21,624

Between one and five years

-

86,496

-

108,120

9.	PROVISIONS FOR LIABILITIES

2024

2023

£

£

Deferred tax

31,100

31,100

Deferred

tax

£

Balance at 1 January 2024

31,100

Balance at 31 December 2024

31,100

10.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2024

2023

value:

£

£

79

Ordinary

1

96

96

11.	DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Robert Howe BEng FCA (Senior Statutory Auditor)

for and on behalf of Goldwyns Limited

12.	CONTINGENT LIABILITIES

The company has given cross-guarantees is respect of its parent company's debts. At the balance sheet date, these liabilities totalled £9,837,500 (2023 - £7,484,811).

13.	ULTIMATE PARENT COMPANY

As at the balance sheet date, the directors consider the ultimate parent company to be Managed IT Services Group Limited, a company registered in England and Wales.