Opsad Ltd - Abbreviated accounts 16.3

REGISTERED NUMBER: 07755877 (England and Wales)

ABBREVIATED UNAUDITED ACCOUNTS FOR THE YEAR ENDED 31 AUGUST 2016

FOR

OPSAD LTD

Page

Company information

1

Abbreviated balance sheet

2

Notes to the abbreviated accounts

3

DIRECTORS:

D J McCusker

Mrs E McCusker

REGISTERED OFFICE:

Office 7

35-37 Ludgate Hill

London

EC4M 7JN

REGISTERED NUMBER:

07755877 (England and Wales)

ACCOUNTANTS:

Stewart Accounting Services Limited

Office 83

Alloa Business Centre

Whins Road

Alloa

Clackmannanshire

FK10 3SA

FIXED ASSETS

Tangible assets

2

289,935

290,208

CURRENT ASSETS

Debtors

3,368

425

Cash at bank

128,470

167,744

131,838

168,169

CREDITORS

Amounts falling due within one year

32,304

19,691

NET CURRENT ASSETS

99,534

148,478

TOTAL ASSETS LESS CURRENT
LIABILITIES

389,469

438,686

CAPITAL AND RESERVES

Called up share capital

3

100

Profit and loss account

389,369

438,586

SHAREHOLDERS' FUNDS

389,469

438,686

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 August 2016.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 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 25 May 2017 and were signed on its behalf by:

D J McCusker - Director

Mrs E McCusker - 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).

TURNOVER

Turnover represents net invoiced sales of services, excluding value added tax.

TANGIBLE FIXED ASSETS

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

Freehold property

-

not provided

Plant and machinery

-

33% on cost

DEFERRED TAX

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

sheet date.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 September 2015

and 31 August 2016

290,657

DEPRECIATION

At 1 September 2015

449

Charge for year

273

At 31 August 2016

722

NET BOOK VALUE

At 31 August 2016

289,935

At 31 August 2015

290,208

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2016

2015

value:

£

100

Ordinary

£1

100