OPERATIONAL SOLUTIONS LTD

OPERATIONAL SOLUTIONS LTD

OPERATIONAL SOLUTIONS LTD - Company Information

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OPERATIONAL SOLUTIONS LTD

Company Registration Number:
07196015 (England and Wales)

Unaudited abridged accounts for the year ended 31 March 2022

Period of accounts

Start date: 01 April 2021

End date: 31 March 2022

OPERATIONAL SOLUTIONS LTD

Contents of the Financial Statements

for the Period Ended 31 March 2022

Balance sheet
Notes

OPERATIONAL SOLUTIONS LTD

Balance sheet

As at 31 March 2022


Notes
2022
2021


£
£
Called up share capital not paid: 0 0
Fixed assets
Intangible assets: 3 1,895,370 1,024,627
Tangible assets: 4 1,598,136 1,499,983
Investments: 5 700,210 1,201,851
Total fixed assets: 4,193,716 3,726,461
Current assets
Stocks: 47,181 0
Debtors: 6 1,911,531 1,816,401
Cash at bank and in hand: 4,632,834 1,521,048
Investments:   0 0
Total current assets: 6,591,546 3,337,449
Creditors: amounts falling due within one year: 7 (4,163,002) (1,123,919)
Net current assets (liabilities): 2,428,544 2,213,530
Total assets less current liabilities: 6,622,260 5,939,991
Creditors: amounts falling due after more than one year: 8 (606,046) (640,980)
Total net assets (liabilities): 6,016,214 5,299,011
Capital and reserves
Called up share capital: 100 100
Other reserves: 229,743 150,927
Profit and loss account: 5,786,371 5,147,984
Shareholders funds: 6,016,214 5,299,011

The notes form part of these financial statements

OPERATIONAL SOLUTIONS LTD

Balance sheet statements

For the year ending 31 March 2022 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

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

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A).

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The directors have chosen to not file a copy of the company’s profit & loss account.

This report was approved by the board of directors on 22 December 2022
and signed on behalf of the board by:

Name: Mark Legh-Smith
Status: Director

The notes form part of these financial statements

OPERATIONAL SOLUTIONS LTD

Notes to the Financial Statements

for the Period Ended 31 March 2022

1. Accounting policies

These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

OPERATIONAL SOLUTIONS LTD

Notes to the Financial Statements

for the Period Ended 31 March 2022

2. Employees

2022 2021
Average number of employees during the period 58 42

OPERATIONAL SOLUTIONS LTD

Notes to the Financial Statements

for the Period Ended 31 March 2022

3. Intangible Assets

Total
Cost £
At 01 April 2021 1,052,327
Additions 1,228,981
Disposals 0
At 31 March 2022 2,281,308
Amortisation
At 01 April 2021 27,700
Charge for year 358,238
At 31 March 2022 385,938
Net book value
At 31 March 2022 1,895,370
At 31 March 2021 1,024,627

OPERATIONAL SOLUTIONS LTD

Notes to the Financial Statements

for the Period Ended 31 March 2022

4. Tangible Assets

Total
Cost £
At 01 April 2021 1,721,772
Additions 413,377
Disposals 0
At 31 March 2022 2,135,149
Depreciation
At 01 April 2021 221,789
Charge for year 315,224
At 31 March 2022 537,013
Net book value
At 31 March 2022 1,598,136
At 31 March 2021 1,499,983

OPERATIONAL SOLUTIONS LTD

Notes to the Financial Statements

for the Period Ended 31 March 2022

5. Fixed investments

The directors consider the investments in ISSOS Technologies Ltd 30% and Rinicom Intelligence Solutions Ltd 49% to meet the criteria of joint ventures under FRS 102 as they are under joint control from both the Company and the other investors, management decisions are made jointly between all investors.The remaining share capital of Rinicom Intelligence Solutions Limited was acquired on 26 September 2022.

OPERATIONAL SOLUTIONS LTD

Notes to the Financial Statements

for the Period Ended 31 March 2022

6. Debtors

2022 2021
££
Debtors due after more than one year: 0 0

OPERATIONAL SOLUTIONS LTD

Notes to the Financial Statements

for the Period Ended 31 March 2022

7. Creditors: amounts falling due within one year note

Bank Loan £51,046Trade Creditors £277,273Intercompany Creditors £2,740,292Taxationa nd Social security costs £460,881Corporation tax £138,764Other creditors £494746Total £4,163,002

OPERATIONAL SOLUTIONS LTD

Notes to the Financial Statements

for the Period Ended 31 March 2022

8. Creditors: amounts falling due after more than one year note

Bank Loan £606,046

OPERATIONAL SOLUTIONS LTD

Notes to the Financial Statements

for the Period Ended 31 March 2022

9. Changes in presentation and prior period adjustments

See note 17

OPERATIONAL SOLUTIONS LTD

Notes to the Financial Statements

for the Period Ended 31 March 2022

10. Related party transactions

The company has taken advantage of the exemption contained within section 33.1A of FRS 102 not to disclose transactions with wholly owned members of the same group.

OPERATIONAL SOLUTIONS LTD

Notes to the Financial Statements

for the Period Ended 31 March 2022

11. Post balance sheet events

On 26th September 2022, the Company purchased the remaining shares in Rinicom Intelligence Solutions Ltd. The Company is now owns and controls 100% of the share capital of Rinicom Intelligence Solutions Ltd.