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REGISTERED NUMBER: 11677471 (England and Wales)















FINANCIAL STATEMENTS FOR THE YEAR ENDED 30TH APRIL 2024

FOR

ALL OPAL LTD

ALL OPAL LTD (REGISTERED NUMBER: 11677471)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30TH APRIL 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


ALL OPAL LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 30TH APRIL 2024







DIRECTOR: Mrs S Patel





REGISTERED OFFICE: 277 Basingstoke Road
Reading
Berkshire
RG2 0HY





REGISTERED NUMBER: 11677471 (England and Wales)






ALL OPAL LTD (REGISTERED NUMBER: 11677471)

BALANCE SHEET
30TH APRIL 2024

2024 2023
Notes £    £   
FIXED ASSETS
Intangible assets 4 66,500 79,800
Tangible assets 5 13,489 15,853
79,989 95,653

CURRENT ASSETS
Stocks 49,628 22,570
Debtors 6 124,011 94,384
Cash at bank and in hand 547,315 537,236
720,954 654,190
CREDITORS
Amounts falling due within one year 7 (178,711 ) (140,186 )
NET CURRENT ASSETS 542,243 514,004
TOTAL ASSETS LESS CURRENT
LIABILITIES

622,232

609,657

CREDITORS
Amounts falling due after more than one
year

8

(190,000

)

(290,000

)

PROVISIONS FOR LIABILITIES 9 (1,519 ) (1,703 )
NET ASSETS 430,713 317,954

CAPITAL AND RESERVES
Called up share capital 10 1 1
Retained earnings 430,712 317,953
SHAREHOLDERS' FUNDS 430,713 317,954

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

The members have not required the company to obtain an audit of its financial statements for the year ended 30th April 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her 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.

ALL OPAL LTD (REGISTERED NUMBER: 11677471)

BALANCE SHEET - continued
30TH APRIL 2024


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 12th January 2025 and were signed by:





Mrs S Patel - Director


ALL OPAL LTD (REGISTERED NUMBER: 11677471)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30TH APRIL 2024

1. STATUTORY INFORMATION

All Opal 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 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 2020, 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 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.

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.

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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

ALL OPAL LTD (REGISTERED NUMBER: 11677471)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30TH APRIL 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 year was 8 (2023 - 8 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1st May 2023
and 30th April 2024 133,000
AMORTISATION
At 1st May 2023 53,200
Amortisation for year 13,300
At 30th April 2024 66,500
NET BOOK VALUE
At 30th April 2024 66,500
At 30th April 2023 79,800

5. TANGIBLE FIXED ASSETS
Fixtures
and
fittings
£   
COST
At 1st May 2023 32,894
Additions 2,133
At 30th April 2024 35,027
DEPRECIATION
At 1st May 2023 17,041
Charge for year 4,497
At 30th April 2024 21,538
NET BOOK VALUE
At 30th April 2024 13,489
At 30th April 2023 15,853

ALL OPAL LTD (REGISTERED NUMBER: 11677471)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30TH APRIL 2024

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 92,296 65,053
Other debtors and prepayments 3,768 4,512
Tax 27,947 24,819
124,011 94,384

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 79,124 74,089
Tax 45,324 24,584
Other creditors and accruals 3,172 5,814
Director's current account 51,091 35,699
178,711 140,186

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Director's loan account 190,000 290,000

9. PROVISIONS FOR LIABILITIES
2024 2023
£    £   
Deferred tax 1,519 1,703

Deferred
tax
£   
Balance at 1st May 2023 1,703
Provided during year (184 )
Balance at 30th April 2024 1,519

10. CALLED UP SHARE CAPITAL

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