Registration number:
OPR Limited
for the Year Ended 31 December 2017
Ashcombe Court
Woolsack Way
Godalming
Surrey
GU7 1LQ
OPR Limited
Contents
Company Information |
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Profit and Loss Account |
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Balance Sheet |
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Statement of Changes in Equity |
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Notes to the Financial Statements |
OPR Limited
Company Information
Director |
Ms M Gladstone-New |
Registered office |
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Accountants |
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Page 1 |
OPR Limited
Profit and Loss Account for the Year Ended 31 December 2017
Note |
2017 |
2016 |
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Turnover |
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Cost of sales |
( |
( |
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Gross profit |
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Administrative expenses |
( |
( |
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Operating profit |
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Interest payable and similar expenses |
( |
( |
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(1,532) |
(2,888) |
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Profit before tax |
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Taxation |
( |
( |
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Profit for the financial year |
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Page 2 |
OPR Limited
(Registration number: 06764461)
Balance Sheet as at 31 December 2017
Note |
2017 |
2016 |
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Fixed assets |
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Intangible assets |
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Tangible assets |
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Current assets |
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Debtors |
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Cash at bank and in hand |
- |
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Creditors: Amounts falling due within one year |
( |
( |
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Net current assets |
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Total assets less current liabilities |
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Provisions for liabilities |
( |
( |
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Net assets |
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Capital and reserves |
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Called up share capital |
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Profit and loss account |
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Total equity |
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For the financial year ending 31 December 2017 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's responsibilities:
• |
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• |
The director acknowledges her responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts. |
These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.
These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime and the option not to file the Profit and Loss Account has been taken.
Approved and authorised by the
Director
Page 3 |
OPR Limited
Statement of Changes in Equity for the Year Ended 31 December 2017
Share capital |
Profit and loss account |
Total |
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At 1 January 2017 |
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Profit for the year |
- |
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Total comprehensive income |
- |
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Dividends |
- |
( |
( |
At 31 December 2017 |
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Share capital |
Profit and loss account |
Total |
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At 1 January 2016 |
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Profit for the year |
- |
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Total comprehensive income |
- |
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Dividends |
- |
( |
( |
At 31 December 2016 |
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Page 4 |
OPR Limited
Notes to the Financial Statements for the Year Ended 31 December 2017
General information |
The company is a private company limited by share capital, incorporated in England and Wales.
The principal place of business is:
24 High Street
Woking
Surrey
GU21 6BW
Accounting policies |
Statement of compliance
These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A - 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006.
Basis of preparation
These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.
Revenue recognition
In relation to temporary placements, turnover is recognised by the company in respect of services supplied on a month by month basis, exclusive of value added tax. For permanent placements turnover is recognised at the start of the placement.
Depreciation
Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:
Asset class |
Depreciation method and rate |
Equipment |
25% on reducing balance |
Goodwill
The cost of purchased goodwill is being written off over its expected useful life of 5 years.
Deferred tax
Deferred tax is recognised in respect of all timing difference that have originated but not reversed at the balance sheet date.
Dividends
Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.
Page 5 |
OPR Limited
Notes to the Financial Statements for the Year Ended 31 December 2017
Defined contribution pension obligation
A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.
Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.
Staff numbers |
The average number of persons employed by the company (including the director) during the year, was
Page 6 |
OPR Limited
Notes to the Financial Statements for the Year Ended 31 December 2017
Intangible assets |
Goodwill |
Total |
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Cost |
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At 1 January 2017 |
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At 31 December 2017 |
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Amortisation |
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At 1 January 2017 |
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Amortisation charge |
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At 31 December 2017 |
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Carrying amount |
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At 31 December 2017 |
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At 31 December 2016 |
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Tangible assets |
Furniture, fittings and equipment |
Total |
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Cost |
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At 1 January 2017 |
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Additions |
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At 31 December 2017 |
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Depreciation |
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At 1 January 2017 |
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Charge for the year |
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At 31 December 2017 |
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Carrying amount |
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At 31 December 2017 |
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At 31 December 2016 |
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Page 7 |
OPR Limited
Notes to the Financial Statements for the Year Ended 31 December 2017
Debtors |
2017 |
2016 |
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Trade debtors |
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Other debtors |
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Prepayments |
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Director's current account |
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Total current trade and other debtors |
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Creditors |
Creditors: amounts falling due within one year
Note |
2017 |
2016 |
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Due within one year |
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Bank loans and overdrafts |
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- |
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Trade creditors |
- |
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Taxation and social security |
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Corporation tax |
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Accruals |
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Share capital |
Allotted, called up and fully paid shares
2017 |
2016 |
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No. |
£ |
No. |
£ |
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Ordinary of £1 each |
1 |
1 |
1 |
1 |
Loans and borrowings |
2017 |
2016 |
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Current loans and borrowings |
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Bank overdrafts |
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- |
Page 8 |
OPR Limited
Notes to the Financial Statements for the Year Ended 31 December 2017
Obligations under leases and hire purchase contracts |
Operating leases
The total of future minimum lease payments is as follows:
2017 |
2016 |
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Later than five years |
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Related party transactions |
Transactions with directors |
2017 |
At 1 January 2017 |
Advances to directors |
Repayments by director |
At 31 December 2017 |
Ms M Gladstone-New |
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42,227 |
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( |
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2016 |
At 1 January 2016 |
Advances to directors |
Repayments by director |
At 31 December 2016 |
Ms M Gladstone-New |
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54,349 |
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( |
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Page 9 |