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REGISTERED NUMBER: 12110507 (England and Wales)















OPL DISTRIBUTION LIMITED

FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 OCTOBER 2024






OPL DISTRIBUTION LIMITED (REGISTERED NUMBER: 12110507)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


OPL DISTRIBUTION LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 OCTOBER 2024







DIRECTOR: C A Delaney





REGISTERED OFFICE: 483-503 Garretts Green Lane
Garretts Green
Birmingham
B33 0SL





REGISTERED NUMBER: 12110507 (England and Wales)





AUDITORS: Sephton & Company LLP
Chartered Certified Accountants
Statutory Auditors
Marston House
5 Elmdon Lane
Marston Green
Solihull
West Midlands
B37 7DL

OPL DISTRIBUTION LIMITED (REGISTERED NUMBER: 12110507)

BALANCE SHEET
31 OCTOBER 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 197,992 242,358

CURRENT ASSETS
Stocks - 34,760
Debtors 5 111,996 90,145
Cash at bank and in hand 1 319
111,997 125,224
CREDITORS
Amounts falling due within one year 6 101,696 113,225
NET CURRENT ASSETS 10,301 11,999
TOTAL ASSETS LESS CURRENT
LIABILITIES

208,293

254,357

CREDITORS
Amounts falling due after more than one
year

7

(158,088

)

(226,562

)

PROVISIONS FOR LIABILITIES (47,831 ) (22,903 )
NET ASSETS 2,374 4,892

CAPITAL AND RESERVES
Called up share capital 1 1
Retained earnings 2,373 4,891
2,374 4,892

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 director and authorised for issue on 19 March 2025 and were signed by:





C A Delaney - Director


OPL DISTRIBUTION LIMITED (REGISTERED NUMBER: 12110507)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2024


1. STATUTORY INFORMATION

Opl Distribution 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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.

Related party exemption
The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

Significant judgements and estimates
In the application of the company's accounting policies, the directors are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

The income is mostly service based and a sales invoices is raised monthly to customers based on the level of service provided and the agreed charge rate.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery - 20% on cost
Fixtures and fittings - 20% on cost
Motor vehicles - 14% on cost

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

OPL DISTRIBUTION LIMITED (REGISTERED NUMBER: 12110507)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 OCTOBER 2024


2. ACCOUNTING POLICIES - continued

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 accounts receivable and payable, cash and bank balances, loans to or from related parties and current asset investments. All such instruments are measured initially and subsequently at the transaction price.

At the end of each reporting period debt financial assets are assessed for impairment, and their carrying value reduced if necessary. Any impairment is recognised in the profit and loss account.

Taxation
Taxation for the year 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 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
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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

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 1 (2023 - 5 ) .

OPL DISTRIBUTION LIMITED (REGISTERED NUMBER: 12110507)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 OCTOBER 2024


4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor
machinery fittings vehicles Totals
£    £    £    £   
COST
At 1 November 2023 15,690 3,171 251,990 270,851
Disposals (15,690 ) (3,171 ) - (18,861 )
At 31 October 2024 - - 251,990 251,990
DEPRECIATION
At 1 November 2023 8,592 1,902 17,999 28,493
Charge for year 1,308 265 35,999 37,572
Eliminated on disposal (9,900 ) (2,167 ) - (12,067 )
At 31 October 2024 - - 53,998 53,998
NET BOOK VALUE
At 31 October 2024 - - 197,992 197,992
At 31 October 2023 7,098 1,269 233,991 242,358

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Motor
vehicles
£   
COST
At 1 November 2023
and 31 October 2024 251,990
DEPRECIATION
At 1 November 2023 17,999
Charge for year 35,999
At 31 October 2024 53,998
NET BOOK VALUE
At 31 October 2024 197,992
At 31 October 2023 233,991

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 96,586 60,123
Other debtors 15,410 30,022
111,996 90,145

OPL DISTRIBUTION LIMITED (REGISTERED NUMBER: 12110507)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 OCTOBER 2024


6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 10,338 10,077
Hire purchase contracts (see note 8) 58,142 55,743
Trade creditors 6,118 31,747
Taxation and social security 19,598 -
Other creditors 7,500 15,658
101,696 113,225

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans 7,033 17,365
Hire purchase contracts (see note 8) 151,055 209,197
158,088 226,562

8. LEASING AGREEMENTS

Minimum lease payments fall due as follows:

Hire purchase contracts
2024 2023
£    £   
Net obligations repayable:
Within one year 58,142 55,743
Between one and five years 151,055 209,197
209,197 264,940

Non-cancellable operating leases
2024 2023
£    £   
Within one year - 125,000

A subsidiary within the Onpoint group has guaranteed the operating lease.

9. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Hire purchase contracts 209,197 264,940

OPL DISTRIBUTION LIMITED (REGISTERED NUMBER: 12110507)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 OCTOBER 2024


10. DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Darren Paul Carter (Senior Statutory Auditor)
for and on behalf of Sephton & Company LLP

11. ULTIMATE CONTROLLING PARTY

The immediate and ultimate parent undertaking and controlling party is Onpoint ST Ltd, which prepares group financial statements. The registered office of Onpoint ST Ltd is Marston House, 5 Elmdon Lane, Marston Green, Solihull, West Midlands, England, B37 7DL