OPDC Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 04174763 (England and Wales)

Unaudited Financial Statements

for the Year Ended 31 March 2020

for

OPDC Limited

Page

Company Information

1

Statement of Financial Position

2

Notes to the Financial Statements

3

DIRECTOR:

D P Kearney

REGISTERED OFFICE:

Oak Apple House

North Street

Milborne Port

Sherborne

Dorset

DT9 5EW

BUSINESS ADDRESS:

Narrowborne Cottage

2 Camp Road

West Coker

Yeovil

Somerset

BA22 8TB

REGISTERED NUMBER:

04174763 (England and Wales)

ACCOUNTANTS:

Silbury Accountants Limited

Chartered Accountants

Oak Apple House

North Street

Milborne Port

Sherborne

DT9 5EW

FIXED ASSETS

Intangible assets

4

2,392

2,734

Property, plant and equipment

5

2,312

1,794

4,704

4,528

CURRENT ASSETS

Inventories

1,788

1,443

Debtors

6

67,553

95,194

Cash at bank and in hand

139,263

180,787

208,604

277,424

CREDITORS

Amounts falling due within one year

7

23,380

56,758

NET CURRENT ASSETS

185,224

220,666

TOTAL ASSETS LESS CURRENT LIABILITIES

189,928

225,194

CAPITAL AND RESERVES

Called up share capital

8

137

137

Capital redemption reserve

163

163

Retained earnings

189,628

224,894

SHAREHOLDERS' FUNDS

189,928

225,194

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2020.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2020 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 20 August 2020 and were signed by:

D P Kearney - Director

1.	STATUTORY INFORMATION

OPDC 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.

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

Revenue is measured at the fair value of the consideration received or receivable, excluding discounts,

rebates, value added tax and other sales taxes.

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 losses.

Website is being amortised evenly over its estimated useful life of four years.

Tangible fixed assets

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

Stocks

Inventories are valued at the lower of cost and net realisable value, after making due allowance for

obsolete and slow moving items.

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 statement of financial position date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at

the statement of financial position 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 profit or loss 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 profit or loss in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2019 - 3 ) .

4.	INTANGIBLE FIXED ASSETS

Other

intangible

assets

£

COST

At 1 April 2019

and 31 March 2020

2,734

AMORTISATION

Charge for year

342

At 31 March 2020

342

NET BOOK VALUE

At 31 March 2020

2,392

At 31 March 2019

2,734

5.	PROPERTY, PLANT AND EQUIPMENT

Plant and

machinery

etc

£

COST

At 1 April 2019

9,299

Additions

1,749

At 31 March 2020

11,048

DEPRECIATION

At 1 April 2019

7,505

Charge for year

1,231

At 31 March 2020

8,736

NET BOOK VALUE

At 31 March 2020

2,312

At 31 March 2019

1,794

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.20

31.3.19

£

£

Trade debtors

61,969

82,881

Other debtors

5,584

12,313

67,553

95,194

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.20

31.3.19

£

£

Trade creditors

1,056

20,347

Taxation and social security

8,589

31,186

Other creditors

13,735

5,225

23,380

56,758

8.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.3.20

31.3.19

value:

£

£

875

Ordinary A

10p

87

87

500

Non Cumulative Preference

10p

50

50

137

137

9.	RELATED PARTY DISCLOSURES

During the year, total dividends of £24,000 (2019 - £13,000) were paid to the director .

10.	GOING CONCERN

The arrival of Covid19 in March 2020 has impacted significantly on trade for the year ending 31 March

2021. The announcement of government trading restrictions and cancellation of contracts resulted in a

temporary cessation of trading. Once the restrictions are eased, the directors believe the company will

return to full trading and will continue to be profitable. The directors will continue to support the

company through this period and believe that the business is a going concern.