Opal Tree Solutions Limited - Accounts to registrar - small 17.1

Opal Tree Solutions Limited - Accounts to registrar - small 17.1

OPAL TREE SOLUTIONS LIMITED - Company Information

Print Friendly Version

IRIS Accounts Production v17.1.0.1158 08809773 Board of Directors Board of Directors 1.1.16 31.12.16 31.12.16 false true false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pure088097732015-12-31088097732016-12-31088097732016-01-012016-12-31088097732014-12-31088097732015-01-012015-12-31088097732015-12-3108809773ns15:EnglandWales2016-01-012016-12-3108809773ns14:PoundSterling2016-01-012016-12-3108809773ns10:Director12016-01-012016-12-3108809773ns10:Director22016-01-012016-12-3108809773ns10:PrivateLimitedCompanyLtd2016-01-012016-12-3108809773ns10:SmallEntities2016-01-012016-12-3108809773ns10:AuditExempt-NoAccountantsReport2016-01-012016-12-3108809773ns10:SmallCompaniesRegimeForDirectorsReport2016-01-012016-12-3108809773ns10:SmallCompaniesRegimeForAccounts2016-01-012016-12-3108809773ns10:FullAccounts2016-01-012016-12-3108809773ns10:Director32016-01-012016-12-3108809773ns10:CompanySecretary12016-01-012016-12-3108809773ns10:RegisteredOffice2016-01-012016-12-3108809773ns5:CurrentFinancialInstruments2016-12-3108809773ns5:CurrentFinancialInstruments2015-12-3108809773ns5:ShareCapital2016-12-3108809773ns5:ShareCapital2015-12-3108809773ns5:RetainedEarningsAccumulatedLosses2016-12-3108809773ns5:RetainedEarningsAccumulatedLosses2015-12-3108809773ns5:PlantMachinery2016-01-012016-12-3108809773ns5:PlantMachinery2015-12-3108809773ns5:PlantMachinery2016-12-3108809773ns5:PlantMachinery2015-12-3108809773ns5:CurrentFinancialInstrumentsns5:WithinOneYear2016-12-3108809773ns5:CurrentFinancialInstrumentsns5:WithinOneYear2015-12-31


REGISTERED NUMBER: 08809773 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 December 2016

for

Opal Tree Solutions Limited

Opal Tree Solutions Limited (Registered number: 08809773)






Contents of the Financial Statements
for the Year Ended 31 December 2016




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Opal Tree Solutions Limited

Company Information
for the Year Ended 31 December 2016







DIRECTORS: M S R Goluguri
J N Torkington
S Hudson





SECRETARY:





REGISTERED OFFICE: 1st Floor
North Suite
Delphian House
New Bailey Street
Salford
M3 5FS





REGISTERED NUMBER: 08809773 (England and Wales)





ACCOUNTANTS: NW Accounts Limited
Chartered Accountants
17 Leafield Road
Disley
Stockport
Cheshire
SK12 2JF
Page 1
Opal Tree Solutions Limited (Registered number: 08809773)

Balance Sheet
31 December 2016

31.12.16 31.12.15
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 1,701 2,538

CURRENT ASSETS
Debtors 5 425,579 334,610

CREDITORS
Amounts falling due within one year 6 227,096 198,510
NET CURRENT ASSETS 198,483 136,100
TOTAL ASSETS LESS CURRENT
LIABILITIES
200,184
138,638

PROVISIONS FOR LIABILITIES 340 500
NET ASSETS 199,844 138,138

CAPITAL AND RESERVES
Called up share capital 901 901
Retained earnings 198,943 137,237
SHAREHOLDERS' FUNDS 199,844 138,138

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 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 notes form part of these financial statements

Page 2 continued...
Opal Tree Solutions Limited (Registered number: 08809773)

Balance Sheet - continued
31 December 2016


The financial statements have been prepared and delivered in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

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




M S R Goluguri - Director



J N Torkington - Director


The notes form part of these financial statements

Page 3
Opal Tree Solutions Limited (Registered number: 08809773)

Notes to the Financial Statements
for the Year Ended 31 December 2016

1. STATUTORY INFORMATION

Opal Tree Solutions Limited is a private company, limited by shares , registered in England and Wales. The
company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates,
value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 33% on cost

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the
extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that that have been enacted or
substantively enacted by the balance sheet date.

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

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from
those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that
have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the
timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will
be recovered against the reversal of deferred tax liabilities or other future taxable profits.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2015 - 3 ) .

Page 4 continued...
Opal Tree Solutions Limited (Registered number: 08809773)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2016

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 January 2016
and 31 December 2016 2,538
DEPRECIATION
Charge for year 837
At 31 December 2016 837
NET BOOK VALUE
At 31 December 2016 1,701
At 31 December 2015 2,538

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.16 31.12.15
£    £   
Trade debtors 239,322 211,540
Other debtors 186,257 123,070
425,579 334,610

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.16 31.12.15
£    £   
Trade creditors 7,310 289
Taxation and social security 63,376 66,047
Other creditors 156,410 132,174
227,096 198,510

7. SECURED DEBTS

The following secured debts are included within creditors:

31.12.16 31.12.15
£    £   
Factoring company 131,487 114,835

Page 5