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REGISTERED NUMBER: 09759739 (England and Wales)















OPULENT INTERNATIONAL LIMITED

Unaudited Financial Statements

for the Year Ended 31 March 2024






OPULENT INTERNATIONAL LIMITED (REGISTERED NUMBER: 09759739)

Contents of the Financial Statements
for the year ended 31 March 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


OPULENT INTERNATIONAL LIMITED

Company Information
for the year ended 31 March 2024







Director: Tan Budi Setiawan





Registered office: 71-75 Shelton Street
Covent Garden
London
WC2H 9JQ





Registered number: 09759739 (England and Wales)





Accountants: Cooper Parry Advisory Limited
New Derwent House
69-73 Theobalds Road
London
WC1X 8TA

OPULENT INTERNATIONAL LIMITED (REGISTERED NUMBER: 09759739)

Balance Sheet
31 March 2024

2024 2023
Notes £ £
Fixed assets
Tangible assets 4 1,128 2,621

Current assets
Debtors 5 705,860 447,703
Cash at bank 44,744 23,972
750,604 471,675
Creditors
Amounts falling due within one year 6 (575,007 ) (235,972 )
Net current assets 175,597 235,703
Total assets less current liabilities 176,725 238,324

Capital and reserves
Called up share capital 7 1 1
Retained earnings 8 176,724 238,323
Shareholders' funds 176,725 238,324

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 25 November 2024 and were signed by:





Tan Budi Setiawan - Director


OPULENT INTERNATIONAL LIMITED (REGISTERED NUMBER: 09759739)

Notes to the Financial Statements
for the year ended 31 March 2024


1. Statutory information

Opulent International 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.

Going Concern
The company meets its day to day working capital requirements through the support of the director and shareholders of the company. On this basis, the director and shareholders consider it appropriate to prepare the financial statements on the going concern basis.

Significant judgements and estimates
The preparation of financial statements in conformity with generally accepted accounting practice requires management to make estimates and judgement that affect the reported amounts of assets and liabilities as well as the disclosure of contingent assets and liabilities at the balance sheet date and the reported amounts of revenues and expenses during the reporting period.

There is estimation uncertainty in calculating bad debt provisions and a review of trade debtors is carried regularly. Whilst every attempt is made to ensure that the bad debt provisions are as accurate as possible, there remains a risk that the provision do not match the level of debts which ultimately prove to be uncollectable.

There is an estimation uncertainty in calculating depreciation. A full line by line review of fixed asset is carried out by management regularly. Whilst every attempt is made to ensure that the depreciation policy is accurate as possible, there remains a risk that the policy does not match the useful life of the assets.

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 the cost less estimated residual value of each asset over its estimated useful life.
Fixtures and fittings - 20% 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, creditors, loans from the bank and other third parties, loans to related parties, and investment in ordinary shares.

Financial assets and liabilities are offset and the net amount reported in the balance sheet when there is an enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.

OPULENT INTERNATIONAL LIMITED (REGISTERED NUMBER: 09759739)

Notes to the Financial Statements - continued
for the year ended 31 March 2024


2. Accounting policies - continued

Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

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 year was 2 (2023 - 1 ) .

4. Tangible fixed assets
Fixtures
and
fittings
£
Cost
At 1 April 2023
and 31 March 2024 7,463
Depreciation
At 1 April 2023 4,842
Charge for year 1,493
At 31 March 2024 6,335
Net book value
At 31 March 2024 1,128
At 31 March 2023 2,621

5. Debtors: amounts falling due within one year
2024 2023
£ £
Trade debtors 627,642 283,973
Other debtors 78,218 163,730
705,860 447,703

6. Creditors: amounts falling due within one year
2024 2023
£ £
Trade creditors 521,388 164,735
Taxation and social security - 18,094
Other creditors 53,619 53,143
575,007 235,972

7. Called up share capital

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £ £
1 Ordinary £1 1 1

OPULENT INTERNATIONAL LIMITED (REGISTERED NUMBER: 09759739)

Notes to the Financial Statements - continued
for the year ended 31 March 2024


8. Reserves
Retained
earnings
£

At 1 April 2023 238,323
Deficit for the year (61,599 )
At 31 March 2024 176,724

9. Related party disclosures

During the year, the company made purchases totalling £1,358,259 (2023: £2,108,609) from a company related through common control. At the year-end, the amount due to this company totalled £551,078 (2023: £164,735) and was included in trade creditors.