Op Trading Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 09180445 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 AUGUST 2018

FOR

OP TRADING LIMITED

Page

Company Information

1

Abridged Balance Sheet

2

Notes to the Financial Statements

4

Chartered Accountants' Report

6

DIRECTORS:

O McMahon

P I Thompson

REGISTERED OFFICE:

Rutland House

90-92 Baxter Avenue

Southend on Sea

Essex

SS2 6HZ

REGISTERED NUMBER:

09180445 (England and Wales)

ACCOUNTANTS:

Goldwyns Limited

Chartered Accountants

Rutland House

90-92 Baxter Avenue

Southend on Sea

Essex

SS2 6HZ

FIXED ASSETS

Tangible assets

4

163,943

235,428

CURRENT ASSETS

Stocks

50,125

32,345

Debtors

18,668

36,556

Cash at bank and in hand

78,115

103,699

146,908

172,600

CREDITORS

Amounts falling due within one year

558,082

492,772

NET CURRENT LIABILITIES

(411,174

)

(320,172

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(247,231

)

(84,744

)

CREDITORS

Amounts falling due after more than one year

5

116,835

133,651

NET LIABILITIES

(364,066

)

(218,395

)

CAPITAL AND RESERVES

Called up share capital

8

100

100

Retained earnings

(364,166

)

(218,495

)

SHAREHOLDERS' FUNDS

(364,066

)

(218,395

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 August 2018.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 2018 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The financial statements have been prepared and delivered in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

All the members have consented to the preparation of an abridged Balance Sheet for the year ended 31 August 2018 in accordance with Section 444(2A) of the Companies Act 2006.

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 on 30 August 2019 and were signed on its behalf by:

P I Thompson - Director

1.	STATUTORY INFORMATION

Op Trading 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.

The company's place of business differs from its registered office but is also in Southend.

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.

Tangible fixed assets

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

Improvements to property

-

over remaining period of lease

Plant and machinery

-

25% on cost

Fixtures and fittings

-

25% on cost

Computer equipment

-

33% on cost

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 14 (2017 - 14 ) .

4.	TANGIBLE FIXED ASSETS

Totals

£

COST

At 1 September 2017

and 31 August 2018

453,115

DEPRECIATION

At 1 September 2017

217,687

Charge for year

71,485

At 31 August 2018

289,172

NET BOOK VALUE

At 31 August 2018

163,943

At 31 August 2017

235,428

5.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN FIVE YEARS

2018

2017

£

£

Repayable by instalments

Bank loans more 5 yr by instal

45,904

70,052

6.	LEASING AGREEMENTS

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

2018

2017

£

£

Within one year

52,000

52,000

Between one and five years

208,000

208,000

In more than five years

494,000

546,000

754,000

806,000

7.	SECURED DEBTS

The following secured debts are included within creditors:

2018

2017

£

£

Bank loans

133,155

149,551

The company's bank holds a fixed and floating charge over the assets of the company.

8.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2018

2017

value:

£

£

100

Ordinary

100

100

100

9.	GOING CONCERN

The financial statements show that at 31 August 2018 the company had a deficiency of net assets amounting to

£364,066 (2017 - £218,395). The continuation of the company's activities is dependent on the continued support

of its directors. The financial statements are therefore drawn up under the historical cost convention and on a

going concern basis.

The following reproduces the text of the report prepared for the directors in respect of the company's annual

unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to

file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements

and the Directors' Report are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the

financial statements of Op Trading Limited for the year ended 31 August 2018 which comprise the Income Statement,

Abridged Balance Sheet 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 in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of Op Trading Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Op Trading Limited and state those matters that we have agreed to state to the Board of Directors of Op Trading Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Op Trading Limited and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Op Trading 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 Op Trading Limited. You consider that Op Trading 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 Op Trading 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.

Goldwyns Limited

Chartered Accountants

Rutland House

90-92 Baxter Avenue

Southend on Sea

Essex

SS2 6HZ

30 August 2019