Company Registration No. SC493651 (Scotland)
OPS INPUT LIMITED
Unaudited financial statements
for the year ended 31 March 2019
Pages for filing with registrar
OPS INPUT LIMITED
Chartered Accountants' Report to the board of directors on the preparation of the
unaudited statutory financial statements of OPS INPUT LIMITED
1
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of OPS INPUT LIMITED for the year ended 31 March 2019 which comprise, the Statement Of Financial Position and the related notes from the company’s accounting records and from information and explanations you have given us.
As a practising member firm of the Institute of Chartered Accountants of Scotland we are subject to its ethical and other professional requirements which are detailed at http://www.icas.com/technical-resources/framework-for-the-preparation-of-accounts-revised-january-2017.
This report is made solely to the Board of Directors of OPS INPUT LIMITED, as a body, in accordance with the terms of our engagement letter dated 11 November 2017. Our work has been undertaken solely to prepare for your approval the financial statements of OPS INPUT LIMITED and state those matters that we have agreed to state to the Board of Directors of OPS INPUT LIMITED, as a body, in this report in accordance with the requirements of the Institute of Chartered Accountants of Scotland as detailed at http://www.icas.com/technical-resources/framework-for-the-preparation-of-accounts-revised-january-2017. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than OPS INPUT LIMITED and its Board of Directors as a body, for our work or for this report.
It is your duty to ensure that OPS INPUT LIMITED has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets,
liabilities, financial position and loss of OPS INPUT LIMITED. You consider that OPS INPUT LIMITED is exempt from the statutory audit
requirement for the year.
We have not been instructed to carry out an audit or a review of the financial statements of OPS INPUT LIMITED. For this reason, we have not verified the accuracy or completeness of the
accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.
James Milne
Chartered Accountants
Rosewood
Raemoir Road
Banchory
AB31 4ET
6 December 2019
OPS INPUT LIMITED
Statement of financial position
at 31 March 2019
2
2019
2018
Notes
£
£
£
£
Fixed assets
Tangible assets
3
230
905
Current assets
Debtors
547
513
Cash at bank and in hand
10,014
3,789
10,561
4,302
Creditors: amounts falling due within one year
(17,783)
(11,111)
Net current liabilities
(7,222)
(6,809)
Total assets less current liabilities
(6,992)
(5,904)
Capital and reserves
Called up share capital
100
100
Profit and loss reserves
(7,092)
(6,004)
Total equity
(6,992)
(5,904)
In accordance with section 444 of the Companies Act 2006 all
of
the members of the company have consented to the
preparation of abridged financial statements pursuant to paragraph 1A of Schedule 1 to the Small Companies and Groups (Accounts and Directors’ Report) Regulations (S.I. 2008/409)(b).
The directors of the company have elected not to include a copy of the income statement within the financial statements.
true
For the financial year ended 31 March 2019 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.
T
he members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476
.
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime.
OPS INPUT LIMITED
Statement of financial position (continued)
at 31 March 2019
3
The financial statements were approved by the board of directors and authorised for issue on 29 November 2019 and are signed on its behalf by:
Mr Michael Mawby
Director
Company Registration No. SC493651
OPS INPUT LIMITED
Notes to the financial statements
for the year ended 31 March 2019
4
1
Accounting policies
Company information
OPS INPUT LIMITED is a
private
company
limited by shares
incorporated in Scotland.
The registered office is
Rosewood, Raemoir Road, Banchory, Kincardineshire, United Kingdom, AB31 4ET and principal place of business is Bar View, 165 Findhorn, Forres, Moray, United Kingdom, IV36 3YL.
1.1
Accounting convention
These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.
The financial statements are prepared in
sterling
, which is the functional currency of the company.
The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.
1.2
Going concern
Whilist the company has net liabilities of £6,992 included within creditors is the sum of £10,745 owed to the director. The director has confirmed that they will not call in the amount due in order to ensure the ongoing viability of OPS INPUT LIMITED. The directors therefore consider it to be appropriate for the accounts to be prepared on a going concern basis.
true
1.3
Turnover
Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business
.
1.4
Tangible fixed assets
Tangible fixed assets
are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.
Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:
Computers
33% straight line
The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and
is credited or charged to profit or loss
.
2
Employees
The average monthly number of persons (including directors) employed by the company during the year was 1 (2018 - 0).
OPS INPUT LIMITED
Notes to the financial statements (continued)
for the year ended 31 March 2019
5
3
Tangible fixed assets
Total
£
Cost
At 1 April 2018 and 31 March 2019
2,602
Depreciation and impairment
At 1 April 2018
1,697
Depreciation charged in the year
675
At 31 March 2019
2,372
Carrying amount
At 31 March 2019
230
At 31 March 2018
905