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Registered Number: 12608908
England and Wales

 

 

 


Unaudited Financial Statements

for the year ended 31 March 2024

for

OPIFEX LTD

Director Andrew Gates
Registered Number 12608908
Registered Office Jws Hopper Hill Road
Eastfield
Scarborough
North Yorkshire
YO11 3YS
1
  2024   2023
    £ £   £ £
Fixed assets   221,919      204,281 
Current assets 34,277      89,163   
Creditors: amount falling due within one year (109,470)     (103,676)  
Net current assets   (75,193)     (14,513)
Total assets less current liabilities   146,726      189,768 
Creditors: amount falling due after more than one year   (116,159)     (127,957)
Net assets   30,567      61,811 
 

         
Capital and reserves   30,567      61,811 
 
NOTES TO THE ACCOUNTS

General Information
Opifex Ltd is a private company, limited by shares, registered in England and Wales, registration number 12608908, registration address Jws Hopper Hill Road , Eastfield, Scarborough, North Yorkshire, YO11 3YS.

The presentation currency is £ sterling.
1.

Accounting policies

Significant accounting policies
Statement of compliance
These financial statements have been prepared in compliance with FRS 105 – The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.
Basis of preparation
The financial statements have been prepared under the historical cost convention as modified by the revaluation of land and buildings and certain financial instruments measured at fair value in accordance with the accounting policies.
The financial statements are prepared in sterling which is the functional currency of the company.
Turnover
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
Tangible fixed assets
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
Plant and Machinery 10% Straight Line
Motor Vehicles 20% Reducing Balance
Stocks
Stocks are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow moving items. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads.
2.

Tangible fixed assets

Cost or valuation Plant and Machinery   Motor Vehicles   Total
  £   £   £
At 01 April 2023 201,832    33,350    235,182 
Additions 16,666    18,678    35,344 
Disposals   (8,833)   (8,833)
At 31 March 2024 218,498    43,195    261,693 
Depreciation
At 01 April 2023 14,033    16,868    30,901 
Charge for year 10,092    (1,219)   8,873 
On disposals    
At 31 March 2024 24,125    15,649    39,774 
Net book values
Closing balance as at 31 March 2024 194,373    27,546    221,919 
Opening balance as at 01 April 2023 187,799    16,482    204,281 


3.

Average number of employees

Average number of employees during the year was 1 (2023 : 3).


For the year ended 31 March 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's Responsibilities:
The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476.

The director acknowledges their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.

These accounts have been prepared in accordance with the micro-entity provisions and FRS 105, the Financial Reporting Standard applicable to the micro-entities regime. The accounts have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. The income statement has not been delivered to the Registrar of Companies.
The financial statements were approved by the director on 18 December 2024 and were signed by:


--------------------------------
Andrew Gates
Director
2