Opsad Ltd - Accounts to registrar (filleted) - small 18.1

Opsad Ltd - Accounts to registrar (filleted) - small 18.1


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REGISTERED NUMBER: 07755877 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2017

FOR

OPSAD LTD

OPSAD LTD (REGISTERED NUMBER: 07755877)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2017




Page

Company information 1

Abridged balance sheet 2

Notes to the financial statements 4


OPSAD LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31 AUGUST 2017







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 90
Alloa Business Centre
Whins Road
Alloa
Clackmannanshire
FK10 3SA

OPSAD LTD (REGISTERED NUMBER: 07755877)

ABRIDGED BALANCE SHEET
31 AUGUST 2017

2017 2016
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 178,539 289,935

CURRENT ASSETS
Debtors 25,449 3,368
Cash at bank 154,110 128,470
179,559 131,838
CREDITORS
Amounts falling due within one year 145 32,304
NET CURRENT ASSETS 179,414 99,534
TOTAL ASSETS LESS CURRENT
LIABILITIES

357,953

389,469

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 357,853 389,369
SHAREHOLDERS' FUNDS 357,953 389,469

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 August 2017.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 2017 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.

OPSAD LTD (REGISTERED NUMBER: 07755877)

ABRIDGED BALANCE SHEET - continued
31 AUGUST 2017


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.

All the members have consented to the preparation of an abridged Income statement and an abridged Balance sheet for the year ended 31 August 2017 in accordance with Section 444(2A) of the Companies Act 2006.

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 29 May 2018 and were signed on its behalf by:




D J McCusker - Director



Mrs E McCusker - Director


OPSAD LTD (REGISTERED NUMBER: 07755877)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2017

1. STATUTORY INFORMATION

Opsad Ltd 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.
Freehold property - not provided
Plant and machinery - 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 have been enacted or
substantively enacted by the balance sheet date.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 .

4. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 September 2016 290,657
Additions 189,134
Disposals (299,994 )
At 31 August 2017 179,797
DEPRECIATION
At 1 September 2016 722
Charge for year 543
Eliminated on disposal (7 )
At 31 August 2017 1,258
NET BOOK VALUE
At 31 August 2017 178,539
At 31 August 2016 289,935

OPSAD LTD (REGISTERED NUMBER: 07755877)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 AUGUST 2017

5. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 August 2017 and
31 August 2016:

2017 2016
£    £   
D J McCusker and Mrs E McCusker
Balance outstanding at start of year (31,868 ) (1,818 )
Amounts advanced 65,206 -
Amounts repaid (7,889 ) (30,050 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 25,449 (31,868 )

The amounts outstanding at the year-end were repaid within nine months.

6. ULTIMATE CONTROLLING PARTY

The controlling party is Mr D McCusker and Mrs E McCusker.

The company's ultimate controlling party is Mr Derek McCusker and Mrs Elizabeth McCusker, directors, by
virtue of their ownership of 100% of the issued share capital in the company.