General Information
Simply OPS LLP is a limited liability partnership, registered in England and Wales, under OC455639, at Unit 5 Viking Business Centre, High Street, Swadlincote, Derbyshire, DE11 7EH. The presentation currency is £ sterling.
| 1. |
Accounting policies
Significant accounting policies
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, the Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by Section 1A of the standard)
Going concern basis
The members believe that once developed, tested and released, the LLP's APP and software offering will provide good levels of sales and profitability, but that in the meantime it is well placed to manage its business risks successfully. Accordingly, they have a reasonable expectation that the LLP has adequate resources to continue in operational existence for the foreseeable future. Thus they continue to adopt the going concern basis of accounting in preparing the financial statements.
Turnover
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
Finance lease and hire purchase charges
The finance element of the rental payment is charged to the profit and loss account on a straight line basis.
Website cost
Planning and operating costs for the company's website are charged to the profit and loss account as incurred.
Tangible fixed assets
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
Assets on finance lease and hire purchase
Assets held under finance lease or hire purchase contracts i.e. those contracts where substantially all the risks and rewards of ownership have passed to the company, are included in the appropriate category of tangible fixed assets and depreciated over the shorter of the lease term and their estimated expected useful lives.
Future obligations under such contracts are included in creditors net of the finance charge allocated to future periods.
|
| 2. |
Average number of employees
Average number of employees during the period was 4.
|
| 3. |
Tangible fixed assets
| Cost or valuation |
Plant and machinery etc |
|
Total |
| |
£ |
|
£ |
| At 21 February 2025 |
- |
|
- |
| Additions |
163,954 |
|
163,954 |
| Disposals |
- |
|
- |
| At 31 March 2026 |
163,954 |
|
163,954 |
| Depreciation |
| At 21 February 2025 |
- |
|
- |
| Charge for period |
21,834 |
|
21,834 |
| On disposals |
- |
|
- |
| At 31 March 2026 |
21,834 |
|
21,834 |
| Net book values |
| Closing balance as at 31 March 2026 |
142,120 |
|
142,120 |
| Opening balance as at 21 February 2025 |
- |
|
- |
The net book value of Motor Vehicles includes £ 115,904 in respect of assets leased under finance leases or hire purchase contracts.
|
| 4. |
Debtors: amounts falling due within one year
|
2026
£ |
| Trade Debtors |
21,470 |
|
21,470 |
|
| 5. |
Creditors: amount falling due within one year
|
2026
£ |
| Taxation and Social Security |
3,675 |
| Obligations under HP/Financial Leases |
23,997 |
| Other Creditors |
27,052 |
|
54,724 |
|
| 6. |
Creditors: amount falling due after more than one year
|
2026
£ |
| Obligations under HP/Financial Leases |
87,497 |
|
87,497 |
|
2
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