Opportunities Workshop Limited - Accounts to registrar (filleted) - small 18.2
Opportunities Workshop Limited - Accounts to registrar (filleted) - small 18.2
| REGISTERED NUMBER: |
| UNAUDITED FINANCIAL STATEMENTS |
| FOR THE YEAR ENDED 30 APRIL 2019 |
| FOR |
| OPPORTUNITIES WORKSHOP LIMITED |
| OPPORTUNITIES WORKSHOP LIMITED (REGISTERED NUMBER: 08145150) |
| CONTENTS OF THE FINANCIAL STATEMENTS |
| FOR THE YEAR ENDED 30 APRIL 2019 |
| Page |
| Company Information | 1 |
| Balance Sheet | 2 |
| Notes to the Financial Statements | 4 |
| OPPORTUNITIES WORKSHOP LIMITED |
| COMPANY INFORMATION |
| FOR THE YEAR ENDED 30 APRIL 2019 |
| DIRECTORS: |
| REGISTERED OFFICE: |
| REGISTERED NUMBER: |
| ACCOUNTANTS: |
| Kingfisher House |
| 11 Hoffmanns Way |
| Chelmsford |
| Essex |
| CM1 1GU |
| OPPORTUNITIES WORKSHOP LIMITED (REGISTERED NUMBER: 08145150) |
| BALANCE SHEET |
| 30 APRIL 2019 |
| 2019 | 2018 |
| Notes | £ | £ | £ | £ |
| FIXED ASSETS |
| Intangible assets | 5 |
| Tangible assets | 6 |
| Investments | 7 |
| CURRENT ASSETS |
| Debtors | 8 |
| Cash at bank and in hand |
| CREDITORS |
| Amounts falling due within one year | 9 |
| NET CURRENT (LIABILITIES)/ASSETS | ( |
) |
| TOTAL ASSETS LESS CURRENT LIABILITIES |
| CREDITORS |
| Amounts falling due after more than one year |
10 |
( |
) |
( |
) |
| PROVISIONS FOR LIABILITIES | 13 | ( |
) |
| NET ASSETS |
| CAPITAL AND RESERVES |
| Called up share capital | 14 |
| Retained earnings |
| SHAREHOLDERS' FUNDS |
| 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. |
| OPPORTUNITIES WORKSHOP LIMITED (REGISTERED NUMBER: 08145150) |
| BALANCE SHEET - continued |
| 30 APRIL 2019 |
| 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 behalf by: |
| OPPORTUNITIES WORKSHOP LIMITED (REGISTERED NUMBER: 08145150) |
| NOTES TO THE FINANCIAL STATEMENTS |
| FOR THE YEAR ENDED 30 APRIL 2019 |
| 1. | STATUTORY INFORMATION |
| Opportunities Workshop Limited is a |
| Wales. The company's registered number and registered office address can be found on the Company |
| Information page. |
| The presentation currency of the financial statements is the Pound Sterling (£). |
| 2. | STATEMENT OF COMPLIANCE |
| 3. | ACCOUNTING POLICIES |
| Basis of preparing the financial statements |
| Turnover |
| Turnover represents net invoiced service for education and training, excluding value added tax. |
| Revenue is recognised on an accruals basis. |
| 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 loss. |
| Franchise licenses are being amortised evenly over their estimated useful life of 10 years. |
| Development costs are being amortised evenly over their estimated useful life of 3 years. |
| Tangible fixed assets |
| Fixtures and fittings | - |
| Computer equipment | - |
| Investments in subsidiaries |
| Investments in subsidiary undertakings are recognised at cost. |
| Financial instruments |
| The company only enter into basic financial instruments transactions that results in the recognition of |
| financial assets and liabilities like trade and other accounts receivable and payable, other third party |
| loans and loans with related parties. |
| Taxation |
| Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, |
| except to the extent that it relates to items recognised in other comprehensive income or directly in |
| equity. |
| Current or deferred taxation assets and liabilities are not discounted. |
| Current tax is recognised at the amount of tax payable using the tax rates and laws that have been |
| enacted or substantively enacted by the balance sheet date. |
| OPPORTUNITIES WORKSHOP LIMITED (REGISTERED NUMBER: 08145150) |
| NOTES TO THE FINANCIAL STATEMENTS - continued |
| FOR THE YEAR ENDED 30 APRIL 2019 |
| 3. | ACCOUNTING POLICIES - continued |
| Deferred tax |
| Deferred tax is recognised in respect of all timing differences that have originated but not reversed at |
| the balance sheet date. |
| Timing differences arise from the inclusion of income and expenses in tax assessments in periods |
| different from those in which they are recognised in financial statements. Deferred tax is measured |
| using tax rates and laws that have been enacted or substantively enacted by the year end and that are |
| expected to apply to the reversal of the timing difference. |
| Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable |
| that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. |
| Hire purchase and leasing commitments |
| Rentals paid under operating leases are charged to the income statement on a straight line basis over |
| the period of the lease. |
| Pension costs and other post-retirement benefits |
| The company operates a defined contribution pension scheme. Contributions payable to the |
| company's pension scheme are charged to the income statement in the period to which they relate. |
| Going concern |
| At the balance sheet date the company had net current liabilities. The directors have considered the |
| cash flow requirements of the company for at least the next twelve months and are satisfied that the |
| company will continue to be able to meet it's liabilities as they fall due. Accordingly, these financial |
| statements have been prepared on the going concern basis. |
| 4. | EMPLOYEES AND DIRECTORS |
| The average number of employees during the year was |
| 5. | INTANGIBLE FIXED ASSETS |
| Franchise | Development |
| licence | costs | Totals |
| £ | £ | £ |
| COST |
| At 1 May 2018 |
| Additions |
| At 30 April 2019 |
| AMORTISATION |
| At 1 May 2018 |
| Amortisation for year |
| At 30 April 2019 |
| NET BOOK VALUE |
| At 30 April 2019 |
| At 30 April 2018 |
| OPPORTUNITIES WORKSHOP LIMITED (REGISTERED NUMBER: 08145150) |
| NOTES TO THE FINANCIAL STATEMENTS - continued |
| FOR THE YEAR ENDED 30 APRIL 2019 |
| 6. | TANGIBLE FIXED ASSETS |
| Fixtures |
| and | Computer |
| fittings | equipment | Totals |
| £ | £ | £ |
| COST |
| At 1 May 2018 |
| Additions |
| At 30 April 2019 |
| DEPRECIATION |
| At 1 May 2018 |
| Charge for year |
| At 30 April 2019 |
| NET BOOK VALUE |
| At 30 April 2019 |
| At 30 April 2018 |
| 7. | FIXED ASSET INVESTMENTS |
| Shares in |
| group |
| undertakings |
| £ |
| COST |
| At 1 May 2018 |
| and 30 April 2019 |
| NET BOOK VALUE |
| At 30 April 2019 |
| At 30 April 2018 |
| The company's investments at the Balance Sheet date in the share capital of companies include the |
| following: |
| Registered office: First Floor, 12 Northgate Street, Ipswich, Suffolk IP1 3DB |
| Nature of business: |
| % |
| Class of shares: | holding |
| £ | £ |
| Aggregate capital and reserves | ( |
) | ( |
) |
| Loss for the year | ( |
) |
| OPPORTUNITIES WORKSHOP LIMITED (REGISTERED NUMBER: 08145150) |
| NOTES TO THE FINANCIAL STATEMENTS - continued |
| FOR THE YEAR ENDED 30 APRIL 2019 |
| 8. | DEBTORS |
| 2019 | 2018 |
| £ | £ |
| Amounts falling due within one year: |
| Trade debtors |
| Other debtors |
| Directors' current accounts | 2,664 | 64,919 |
| VAT |
| Accrued income |
| Prepayments |
| Amounts falling due after more than one year: |
| Deferred tax asset |
| Aggregate amounts |
| 9. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 2019 | 2018 |
| £ | £ |
| Bank loans and overdrafts |
| Trade creditors |
| Tax |
| Social security and other taxes |
| VAT | 6,889 | - |
| Other creditors |
| Directors' current accounts | 325 | - |
| Accrued expenses |
| 10. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |
| 2019 | 2018 |
| £ | £ |
| Bank loans - 1-2 years |
| Bank loans - 2-5 years |
| Bank loans due in more than 5 years by instalments |
| Amounts falling due in more than five years: |
| Repayable by instalments |
| Bank loans due in more than 5 years by instalments |
- |
5,338 |
| OPPORTUNITIES WORKSHOP LIMITED (REGISTERED NUMBER: 08145150) |
| NOTES TO THE FINANCIAL STATEMENTS - continued |
| FOR THE YEAR ENDED 30 APRIL 2019 |
| 11. | LEASING AGREEMENTS |
| Minimum lease payments under non-cancellable operating leases fall due as follows: |
| 2019 | 2018 |
| £ | £ |
| Within one year |
| Between one and five years |
| 12. | SECURED DEBTS |
| The following secured debts are included within creditors: |
| 2019 | 2018 |
| £ | £ |
| Bank loans | 35,023 | 40,929 |
| A loan provided by the bank is secured by way of a fixed and floating charge over the company and all |
| of its present and future assets. The directors have also provided personal guarantees to the bank in |
| respect of the loan. |
| 13. | PROVISIONS FOR LIABILITIES |
| 2019 | 2018 |
| £ | £ |
| Deferred tax |
| Accelerated capital allowances |
| Accelerated capital allowances | (698 | ) | - |
| - | 698 |
| Deferred |
| tax |
| £ |
| Balance at 1 May 2018 |
| Credit to Income Statement during year | ( |
) |
| Balance at 30 April 2019 |
| 14. | CALLED UP SHARE CAPITAL |
| Allotted, issued and fully paid: |
| Number: | Class: | Nominal | 2019 | 2018 |
| value: | £ | £ |
| Ordinary | £1 | 300 | 300 |
| OPPORTUNITIES WORKSHOP LIMITED (REGISTERED NUMBER: 08145150) |
| NOTES TO THE FINANCIAL STATEMENTS - continued |
| FOR THE YEAR ENDED 30 APRIL 2019 |
| 15. | DIRECTORS' ADVANCES, CREDITS AND GUARANTEES |
| The following loans to the company from the directors subsisted during the years ended 30 April 2019 |
| and 30 April 2018: |
| 2019 | 2018 |
| £ | £ |
| Balance outstanding at start of year |
| Amounts advanced |
| Amounts repaid | ( |
) | ( |
) |
| Amounts written off | - | - |
| Amounts waived | - | - |
| Balance outstanding at end of year |
| Balance outstanding at start of year |
| Amounts advanced |
| Amounts repaid | ( |
) | ( |
) |
| Amounts written off | - | - |
| Amounts waived | - | - |
| Balance outstanding at end of year | ( |
) |