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REGISTERED NUMBER: 06289138 (England and Wales)






















Unaudited Financial Statements

for the Period

1 August 2024 to 30 September 2024

for

OPX Limited

OPX Limited (Registered number: 06289138)






Contents of the Financial Statements
for the Period 1 August 2024 to 30 September 2024




Page

Company Information 1

Chartered Accountants' Report 2

Balance Sheet 3

Notes to the Financial Statements 4


OPX Limited

Company Information
for the Period 1 August 2024 to 30 September 2024







DIRECTORS: Mr S W Goodall
Mrs F M Jackson Bickerstaff
Mrs A M Goodall





SECRETARY: Mrs A M Goodall





REGISTERED OFFICE: 15 Newland
Lincoln
Lincolnshire
LN1 1XG





REGISTERED NUMBER: 06289138 (England and Wales)





ACCOUNTANTS: Wright Vigar Limited
Chartered Accountants & Business Advisers
15 Newland
Lincoln
Lincolnshire
LN1 1XG

Chartered Accountants' Report to the Board of Directors
on the Unaudited Financial Statements of
OPX Limited

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of OPX Limited for the period ended 30 September 2024 which comprise the Income Statement, Balance Sheet, Statement of Changes in Equity 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 (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of OPX Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of OPX Limited and state those matters that we have agreed to state to the Board of Directors of OPX Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than OPX Limited and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that OPX Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of OPX Limited. You consider that OPX Limited 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 financial statements of OPX Limited. 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 statutory financial statements.






Wright Vigar Limited
Chartered Accountants & Business Advisers
15 Newland
Lincoln
Lincolnshire
LN1 1XG


10 October 2024

OPX Limited (Registered number: 06289138)

Balance Sheet
30 September 2024

2024 2024
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 - 14,892
- 14,892

CURRENT ASSETS
Debtors 6 194,024 165,407
Investments 7 - 224,020
Cash at bank 456,858 318,129
650,882 707,556
CREDITORS
Amounts falling due within one year 8 109,724 200,170
NET CURRENT ASSETS 541,158 507,386
TOTAL ASSETS LESS CURRENT LIABILITIES 541,158 522,278

PROVISIONS FOR LIABILITIES - 3,723
NET ASSETS 541,158 518,555

CAPITAL AND RESERVES
Called up share capital 1,000 1,000
Retained earnings 540,158 517,555
SHAREHOLDERS' FUNDS 541,158 518,555

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 30 September 2024.

The members have not required the company to obtain an audit of its financial statements for the period ended 30 September 2024 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 financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

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 and authorised for issue on 10 October 2024 and were signed on its behalf by:




Mrs A M Goodall - Director


OPX Limited (Registered number: 06289138)

Notes to the Financial Statements
for the Period 1 August 2024 to 30 September 2024

1. STATUTORY INFORMATION

OPX 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 Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" 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.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2012, is being amortised evenly over its estimated useful life of ten years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 25% on cost and 15% on reducing balance
Professional equipment - 25% on cost

Financial instruments
The Company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in ordinary shares.

Financial assets that are measured at cost and amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in the Statement of Comprehensive Income.

For financial assets measured at cost less impairment, the impairment loss is measured as the difference between an asset's carrying amount and best estimate of the recoverable amount, which is an approximation of the amount that the Company would receive for the asset if it were to be sold at the balance sheet date.

Taxation
Taxation for the period 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.

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 period 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.

OPX Limited (Registered number: 06289138)

Notes to the Financial Statements - continued
for the Period 1 August 2024 to 30 September 2024

2. ACCOUNTING POLICIES - continued

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the period was 3 (2024 - 12 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 August 2024 900,000
Disposals (900,000 )
At 30 September 2024 -
AMORTISATION
At 1 August 2024 900,000
Eliminated on disposal (900,000 )
At 30 September 2024 -
NET BOOK VALUE
At 30 September 2024 -
At 31 July 2024 -

5. TANGIBLE FIXED ASSETS
Fixtures
and Professional
fittings equipment Totals
£    £    £   
COST
At 1 August 2024 28,017 111,191 139,208
Disposals (28,017 ) (111,191 ) (139,208 )
At 30 September 2024 - - -
DEPRECIATION
At 1 August 2024 27,516 96,800 124,316
Charge for period 13 1,096 1,109
Eliminated on disposal (27,529 ) (97,896 ) (125,425 )
At 30 September 2024 - - -
NET BOOK VALUE
At 30 September 2024 - - -
At 31 July 2024 501 14,391 14,892

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2024
£    £   
Trade debtors 90,131 76,138
Other debtors 103,893 89,269
194,024 165,407

OPX Limited (Registered number: 06289138)

Notes to the Financial Statements - continued
for the Period 1 August 2024 to 30 September 2024

7. CURRENT ASSET INVESTMENTS
2024 2024
£    £   
Listed investments - 224,020

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2024
£    £   
Trade creditors 604 7,317
Taxation and social security 79,855 86,026
Other creditors 29,265 106,827
109,724 200,170

9. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the periods ended 30 September 2024 and 31 July 2024:

2024 2024
£    £   
Mrs F M Jackson Bickerstaff
Balance outstanding at start of period 85,660 15,151
Amounts advanced 18,280 144,845
Amounts repaid (48 ) (74,336 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of period 103,892 85,660

Ms L Datta
Balance outstanding at start of period (271 ) 206
Amounts advanced 271 25,859
Amounts repaid - (26,336 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of period - (271 )

Mr S W Goodall
Balance outstanding at start of period (75,985 ) (11,201 )
Amounts advanced 52,768 65,552
Amounts repaid (48 ) (130,336 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of period (23,265 ) (75,985 )

Mr D Bennett
Balance outstanding at start of period (406 ) (4,238 )
Amounts advanced 406 109,918
Amounts repaid - (106,086 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of period - (406 )