| Oporio Ltd |
|
| Chartered Accountants' report to the board of directors on the preparation of the unaudited abbreviated accounts of Oporio Ltd for the period ended 31 August 2016 |
| In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the abbreviated accounts of Oporio Ltd for the period ended 31 August 2016 which comprise of the 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, we are subject to its ethical and other professional requirements which are detailed at
icaew.com/membershandbook. |
| This report is made solely to the Board of Directors of Oporio Ltd, as a body, in accordance with the terms of our engagement letter dated 30 October 2012. Our work has been undertaken solely to prepare for your approval the accounts of Oporio Ltd and state those matters that we have agreed to state to the Board of Directors of Oporio Ltd, as a body, in this report in accordance with AAF 2/10 as detailed at icaew.com/compilation. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Oporio Ltd and its Board of Directors as a body for our work or for this report. |
| It is your duty to ensure that Oporio Ltd has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and loss of Oporio Ltd. You consider that Oporio Ltd is exempt from the statutory audit requirement for the period. |
| We have not been instructed to carry out an audit or a review of the accounts of Oporio Ltd. 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 abbreviated accounts. |
|
| CK Accountancy Services (Grimsby) Limited |
| Chartered Accountants |
| 27 Tonbridge Walk |
| Scartho |
| Grimsby |
| North East Lincolnshire |
| DN33 3AT |
|
| 30 November 2016 |
|
| Oporio Ltd |
| Registered number: |
07516375 |
| Abbreviated Balance Sheet |
| as at 31 August 2016 |
|
| Notes |
|
|
2016 |
|
|
2015 |
| £ |
£ |
| Fixed assets |
| Tangible assets |
2 |
|
|
- |
|
|
3,141 |
|
| Current assets |
| Cash at bank and in hand |
|
|
1,032 |
|
|
18,242 |
|
| Creditors: amounts falling due within one year |
|
|
(9,293) |
|
|
(19,933) |
|
| Net current liabilities |
|
|
|
(8,261) |
|
|
(1,691) |
|
| Total assets less current liabilities |
|
|
|
(8,261) |
|
|
1,450 |
|
|
| Provisions for liabilities |
|
|
|
- |
|
|
(628) |
|
|
| Net (liabilities)/assets |
|
|
|
(8,261) |
|
|
822 |
|
|
|
|
|
|
|
|
| Capital and reserves |
| Called up share capital |
3 |
|
|
2 |
|
|
2 |
| Profit and loss account |
|
|
|
(8,263) |
|
|
820 |
|
| Shareholders' funds |
|
|
|
(8,261) |
|
|
822 |
|
|
|
|
|
|
|
|
| The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006. |
| The members have not required the company to obtain an audit in accordance with section 476 of the Act. |
| The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts. |
| The accounts have been prepared in accordance with the provisions in Part 15 of the Companies Act 2006 applicable to companies subject to the small companies regime. |
|
|
|
| Mr A. Birkett |
| Director |
| Approved by the board on 30 November 2016 |
|
| Oporio Ltd |
| Notes to the Abbreviated Accounts |
| for the period ended 31 August 2016 |
|
| 1 |
Accounting policies |
|
|
Basis of preparation |
|
The accounts have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015). |
|
|
Turnover |
|
Turnover represents the value, net of value added tax and discounts, of goods provided to customers and work carried out in respect of services provided to customers. |
|
|
Depreciation |
|
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives. |
|
|
Furniture & Equipment |
25% straight line |
|
|
Deferred taxation |
|
Full provision is made for deferred taxation resulting from timing differences between the recognition of gains and losses in the accounts and their recognition for tax purposes. Deferred taxation is calculated on an un-discounted basis at the tax rates which are expected to apply in the periods when the timing differences will reverse. |
|
|
| 2 |
Tangible fixed assets |
£ |
|
|
Cost |
|
At 1 March 2015 |
10,054 |
|
Additions |
370 |
|
Disposals |
(10,424) |
|
At 31 August 2016 |
- |
|
|
|
|
|
|
|
|
Depreciation |
|
At 1 March 2015 |
6,913 |
|
On disposals |
(6,913) |
|
At 31 August 2016 |
- |
|
|
|
|
|
|
|
|
Net book value |
|
At 31 August 2016 |
- |
|
At 28 February 2015 |
3,141 |
|
|
|
|
|
|
|
|
| 3 |
Share capital |
Nominal |
|
2016 |
|
2016 |
|
2015 |
| value |
Number |
£ |
£ |
|
Allotted, called up and fully paid: |
|
Ordinary shares |
£1 each |
|
2 |
|
2 |
|
2 |
|
|
|
|
|
|
|
|
|
