OPC_ASSESSMENT_LIMITED - Accounts

OPC ASSESSMENT LIMITED - Company Information

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Company Registration No. 04026260 (England and Wales)

OPC ASSESSMENT LIMITED

ABBREVIATED ACCOUNTS

FOR THE YEAR ENDED 31 JULY 2014

OPC ASSESSMENT LIMITED

CONTENTS

Page

Abbreviated balance sheet

Notes to the abbreviated accounts

2 - 3

OPC ASSESSMENT LIMITED

ABBREVIATED BALANCE SHEET

AS AT

31 JULY 2014

- 1 -

2014

2013

Notes

Current assets

Debtors

55,095

49,358

Cash at bank and in hand

422,061

390,606

477,156

439,964

Creditors: amounts falling due within one year

(138,137)

(91,498)

Total assets less current liabilities

339,019

348,466

Capital and reserves

Called up share capital

999

Profit and loss account

338,020

347,467

Shareholders' funds

339,019

348,466

For the financial year ended 31 July 2014 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.

These abbreviated financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime.

Approved by the Board for issue on 21 April 2015

J D Lawrence

Director

Company Registration No. 04026260

OPC ASSESSMENT LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS

FOR THE YEAR ENDED 31 JULY 2014

- 2 -

Accounting policies

1.1

Accounting convention

The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008).

The company has taken advantage of the exemption in Financial Reporting Standard No 1 from the requirement to produce a cash flow statement on the grounds that it is a small company.

1.2

Compliance with accounting standards

The financial statements are prepared in accordance with applicable United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), which have been applied consistently (except as otherwise stated).

1.3

Turnover

Turnover represents amounts receivable for goods and services net of VAT and trade discounts. Goods and services are invoiced at the time of supply.

1.4

Tangible fixed assets and depreciation

Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost less estimated residual value of each asset over its expected useful life, as follows:

Computer equipment

- 20% straight line

Fixtures, fittings & equipment

- 25% and 20% straight line

1.5

Deferred taxation

The accounting policy in respect of deferred tax reflects the requirements of FRS19 - Deferred tax. Deferred tax is provided in full in respect of taxation deferred by timing differences between the treatment of certain items for taxation and accounting purposes. The deferred tax balance has not been discounted.

1.6

Foreign currency translation

Monetary assets and liabilities denominated in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are recorded at the rate ruling at the date of the transaction. All differences are taken to profit and loss account.

Share capital

2014

2013

Allotted, called up and fully paid

999 Ordinary shares of £1 each

999

OPC ASSESSMENT LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED)

FOR THE YEAR ENDED 31 JULY 2014

- 3 -

Related party relationships and transactions

Related Party Transactions

During the year the company purchased goods and services from The Occupational Psychology Centre Limited, a company of which the directors J D Lawrence and S D Fletcher are directors, worth £27,805 (2013: £24,250) of which £7,027 (2013:£6,721) was outstanding at the year end.

During the year the company also sold goods and services worth £11,935 (2013: £12,292) to The Occupational Psychology Centre Limited of which £725 (2013:£3,006) was outstanding at the year end.

All transactions were conducted at arm's length.

Included in other creditors is an amount of £72,903 (2013: £42,083 ) owed to The Occupational Psychology Centre Limited.