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Company Registration No. 14096528 (England and Wales)
Opulence Living Solutions Ltd Unaudited accounts for the year ended 30 November 2024
Opulence Living Solutions Ltd Unaudited accounts Contents
Page
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Opulence Living Solutions Ltd Company Information for the year ended 30 November 2024
Director
Jason Groom
Company Number
14096528 (England and Wales)
Registered Office
1 Holder Grove Shrewsbury Shropshire SY2 5WU England
Accountants
Nellys Accountants Ltd 71 Woodland Avenue Tettenhall Wood Wolverhampton West Midlands WV6 8ND
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Opulence Living Solutions Ltd Statement of financial position as at 30 November 2024
2024 
2023 
Notes
£ 
£ 
Current assets
Debtors
99,634 
95,034 
Cash at bank and in hand
- 
11,355 
99,634 
106,389 
Creditors: amounts falling due within one year
(121,753)
(105,717)
Net current (liabilities)/assets
(22,119)
672 
Net (liabilities)/assets
(22,119)
672 
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
(22,219)
572 
Shareholders' funds
(22,119)
672 
For the year ending 30 November 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 29 December 2024 and were signed on its behalf by
Jason Groom Director Company Registration No. 14096528
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Opulence Living Solutions Ltd Notes to the Accounts for the year ended 30 November 2024
1
Statutory information
Opulence Living Solutions Ltd is a private company, limited by shares, registered in England and Wales, registration number 14096528. The registered office is 1 Holder Grove, Shrewsbury, Shropshire, SY2 5WU, England.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
4
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Trade debtors
- 
6,000 
Amounts due from group undertakings etc.
- 
8,350 
Accrued income and prepayments
- 
115 
Other debtors
99,634 
80,569 
99,634 
95,034 
5
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Bank loans and overdrafts
9 
- 
VAT
532 
4,010 
Trade creditors
22,905 
29,587 
Taxes and social security
15,107 
20,371 
Other creditors
39,400 
- 
Accruals
43,800 
51,749 
121,753 
105,717 
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Opulence Living Solutions Ltd Notes to the Accounts for the year ended 30 November 2024
6
Share capital
2024 
2023 
£ 
£ 
Allotted, called up and fully paid:
100 Ordinary shares of £1 each
100 
100 
7
Average number of employees
During the year the average number of employees was 2 (2023: 2).
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