Opus Group (UK) Ltd - Abbreviated accounts 16.3

REGISTERED NUMBER: 07563433 (England and Wales)

Abbreviated Unaudited Accounts

for the Year Ended 30 June 2016

for

Opus Group (UK) Ltd

Page

Abbreviated Balance Sheet

1

Notes to the Abbreviated Accounts

3

FIXED ASSETS

Tangible assets

2

151,980

44,100

Investments

3

12,608

164,588

56,708

CURRENT ASSETS

Debtors

1,250

10,882

Cash at bank

7,555

10,255

8,805

21,137

CREDITORS

Amounts falling due within one year

37,226

9,662

NET CURRENT (LIABILITIES)/ASSETS

(28,421

)

11,475

TOTAL ASSETS LESS CURRENT
LIABILITIES

136,167

68,183

PROVISIONS FOR LIABILITIES

18,584

8,820

NET ASSETS

117,583

59,363

CAPITAL AND RESERVES

Called up share capital

4

Share premium

1,399

Profit and loss account

116,180

57,960

SHAREHOLDERS' FUNDS

117,583

59,363

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2016.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 2016 in accordance with Section 476 of the Companies Act 2006.

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.

The abbreviated accounts have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.

The financial statements were approved by the Board of Directors on 20 March 2017 and were signed on its behalf by:

Mr J W Urquhart - Director

1.	ACCOUNTING POLICIES

Accounting convention

The financial statements have been prepared under the historical cost convention and in accordance with the

Financial Reporting Standard for Smaller Entities (effective January 2015).

Preparation of consolidated financial statements

The financial statements contain information about Opus Group (UK) Ltd as an individual company and do not

contain consolidated financial information as the parent of a group. The company has taken the option under

Section 398 of the Companies Act 2006 not to prepare consolidated financial statements.

Exemption from preparing a cash flow statement

Exemption has been taken from preparing a cash flow statement on the grounds that the company qualifies as a

small company.

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.

Tangible fixed assets

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

Improvements to property

-

5% straight line

Plant and machinery

-

10% straight line

Deferred tax

Full provision is made for deferred tax liabilities arising from timing differences between the recognition of items

in the accounts and their recognition for tax purposes. Deferred tax balances are not discounted.

Deferred tax is not provided on timing differences arising from the revaluation of fixed assets where there is no

commitment to sell the asset.

Going concern

The company has net current liabilities of £28,421 (2015 - assets of £11,475).

The company is reliant on the continuing financial support of its creditors and while there are no reasons to doubt

that this support will continue, inherently there can be no certainty in relation to these matters. On this basis, and

having regard to the company's anticipated future revenues and costs including repayment of debt where

appropriate, together with the expected availability of working capital, the directors consider it appropriate to

prepare the financial statements on the going concern basis. The financial statements do not include any

adjustments that would result from an inability to meet obligations as they fall due.

Investments

Investments held as fixed assets are stated at cost less provision for any diminution in value.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 July 2015

49,000

Additions

148,941

Disposals

(24,710

)

At 30 June 2016

173,231

DEPRECIATION

At 1 July 2015

4,900

Charge for year

16,351

At 30 June 2016

21,251

NET BOOK VALUE

At 30 June 2016

151,980

At 30 June 2015

44,100

3.	FIXED ASSET INVESTMENTS

Investments

other

than

loans

£

COST

At 1 July 2015

and 30 June 2016

12,608

NET BOOK VALUE

At 30 June 2016

12,608

At 30 June 2015

12,608

The company's investments at the Balance Sheet date in the share capital of companies include the following:

Extrusion Lines Ltd

Nature of business: Manufacturing

%

Class of shares:

holding

Ordinary

100.00

2016

2015

£

Aggregate capital and reserves

2,085

16,844

Profit for the year

15,241

15,229

Opus Plastics Ltd

Nature of business: Manufacturing

%

Class of shares:

holding

Ordinary A

100.00

Ordinary B

100.00

2016

2015

£

Aggregate capital and reserves

291,385

289,208

Profit for the year

207,177

179,496

4.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2016

2015

value:

£

4

Ordinary

£1

4