Caseware UK (AP4) 2024.0.164 2024.0.164 2024-03-312024-03-31trueNo description of principal activity2023-04-01false33falseThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 10091361 2023-04-01 2024-03-31 10091361 2022-04-01 2023-03-31 10091361 2024-03-31 10091361 2023-03-31 10091361 c:Director1 2023-04-01 2024-03-31 10091361 d:MotorVehicles 2023-04-01 2024-03-31 10091361 d:MotorVehicles 2024-03-31 10091361 d:MotorVehicles 2023-03-31 10091361 d:MotorVehicles d:OwnedOrFreeholdAssets 2023-04-01 2024-03-31 10091361 d:OfficeEquipment 2023-04-01 2024-03-31 10091361 d:OfficeEquipment 2024-03-31 10091361 d:OfficeEquipment 2023-03-31 10091361 d:OfficeEquipment d:OwnedOrFreeholdAssets 2023-04-01 2024-03-31 10091361 d:OwnedOrFreeholdAssets 2023-04-01 2024-03-31 10091361 d:CurrentFinancialInstruments 2024-03-31 10091361 d:CurrentFinancialInstruments 2023-03-31 10091361 d:Non-currentFinancialInstruments 2024-03-31 10091361 d:Non-currentFinancialInstruments 2023-03-31 10091361 d:CurrentFinancialInstruments d:WithinOneYear 2024-03-31 10091361 d:CurrentFinancialInstruments d:WithinOneYear 2023-03-31 10091361 d:Non-currentFinancialInstruments d:AfterOneYear 2024-03-31 10091361 d:Non-currentFinancialInstruments d:AfterOneYear 2023-03-31 10091361 d:Non-currentFinancialInstruments d:BetweenOneTwoYears 2024-03-31 10091361 d:Non-currentFinancialInstruments d:BetweenOneTwoYears 2023-03-31 10091361 d:Non-currentFinancialInstruments d:BetweenTwoFiveYears 2024-03-31 10091361 d:Non-currentFinancialInstruments d:BetweenTwoFiveYears 2023-03-31 10091361 d:ShareCapital 2024-03-31 10091361 d:ShareCapital 2023-03-31 10091361 d:RetainedEarningsAccumulatedLosses 2024-03-31 10091361 d:RetainedEarningsAccumulatedLosses 2023-03-31 10091361 c:OrdinaryShareClass1 2023-04-01 2024-03-31 10091361 c:OrdinaryShareClass1 2024-03-31 10091361 c:OrdinaryShareClass1 2023-03-31 10091361 c:FRS102 2023-04-01 2024-03-31 10091361 c:AuditExempt-NoAccountantsReport 2023-04-01 2024-03-31 10091361 c:FullAccounts 2023-04-01 2024-03-31 10091361 c:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 10091361 2 2023-04-01 2024-03-31 10091361 e:PoundSterling 2023-04-01 2024-03-31 iso4217:GBP xbrli:shares xbrli:pure

Registered number: 10091361









OPPORTUNITY TRADING LIMITED







UNAUDITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2024

 
OPPORTUNITY TRADING LIMITED
REGISTERED NUMBER: 10091361

BALANCE SHEET
AS AT 31 MARCH 2024

2024
2023
Note
£
£

Fixed assets
  

Tangible assets
 4 
5,043
10,848

Current assets
  

Stocks
 5 
216,200
151,195

Debtors: amounts falling due within one year
 6 
85,183
67,351

Bank and cash balances
  
39,515
70,760

  
340,898
289,306

Creditors: amounts falling due within one year
 7 
(333,011)
(276,796)

Net current assets
  
 
 
7,887
 
 
12,510

Total assets less current liabilities
  
12,930
23,358

Creditors: amounts falling due after more than one year
 8 
(12,500)
(22,500)

Net assets
  
430
858


Capital and reserves
  

Called up share capital 
 10 
2
2

Profit and loss account
  
428
856

  
430
858


The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared 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 financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime.

Page 1

 
OPPORTUNITY TRADING LIMITED
REGISTERED NUMBER: 10091361
    
BALANCE SHEET (CONTINUED)
AS AT 31 MARCH 2024

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 28 March 2025.




R S Purryag
Director

The notes on pages 3 to 8 form part of these financial statements.

Page 2

 
OPPORTUNITY TRADING LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

1.


General information

Opportunity Trading Limited ("the Company") is a private company limited by shares and incorporated in England and Wales. The address of its registered office is Leytonstone House 3 Hanbury Drive, Leytonstone, London, England, E11 1GA.
The principal activity of the Company is the sale of food, beverages and tobacco.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The following principal accounting policies have been applied:

 
2.2

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Sale of goods

Revenue from the sale of goods is recognised when all of the following conditions are satisfied:
the Company has transferred the significant risks and rewards of ownership to the buyer;
the Company retains neither continuing managerial involvement to the degree usually associated with ownership nor effective control over the goods sold;
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the transaction; and
the costs incurred or to be incurred in respect of the transaction can be measured reliably.

 
2.3

Operating leases: the Company as lessee

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

Benefits received and receivable as an incentive to sign an operating lease are recognised on a straight-line basis over the lease term, unless another systematic basis is representative of the time pattern of the lessee's benefit from the use of the leased asset.

 
2.4

Interest income

Interest income is recognised in profit or loss using the effective interest method.

Page 3

 
OPPORTUNITY TRADING LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

2.Accounting policies (continued)

 
2.5

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

 
2.6

Borrowing costs

All borrowing costs are recognised in profit or loss in the year in which they are incurred.

 
2.7

Taxation

Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the Company operates and generates income.


 
2.8

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives.

Depreciation is provided on the following annual bases:

Motor vehicles
-
25%
straight line
Office equipment
-
25%
reducing balance

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

 
2.9

Stocks

Stocks are stated at the lower of cost and net realisable value, being the estimated selling price less costs to complete and sell. Cost is based on the cost of purchase on a first in, first out basis. Work in progress and finished goods include labour and attributable overheads.

At each balance sheet date, stocks are assessed for impairment. If stock is impaired, the carrying amount is reduced to its selling price less costs to complete and sell. The impairment loss is recognised immediately in profit or loss.

Page 4

 
OPPORTUNITY TRADING LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

2.Accounting policies (continued)

 
2.10

Debtors

Short-term debtors are measured at transaction price, less any impairment.

 
2.11

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours.

 
2.12

Creditors

Short-term creditors are measured at the transaction price. 

 
2.13

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.


3.


Employees

The average monthly number of employees, including directors, during the year was 3 (2023 - 3).

Page 5

 
OPPORTUNITY TRADING LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

4.


Tangible fixed assets





Motor vehicles
Office equipment
Total

£
£
£



Cost


At 1 April 2023
20,021
6,951
26,972


Disposals
-
(629)
(629)



At 31 March 2024

20,021
6,322
26,343



Depreciation


At 1 April 2023
11,054
5,070
16,124


Charge for the year on owned assets
4,484
1,285
5,769


Disposals
-
(593)
(593)



At 31 March 2024

15,538
5,762
21,300



Net book value



At 31 March 2024
4,483
560
5,043



At 31 March 2023
8,967
1,881
10,848


5.


Stocks

2024
2023
£
£

Finished goods and goods for resale
216,200
151,195



6.


Debtors

2024
2023
£
£


Trade debtors
51,697
50,987

Other debtors
33,486
16,364

85,183
67,351


Page 6

 
OPPORTUNITY TRADING LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

7.


Creditors: Amounts falling due within one year

2024
2023
£
£

Bank loans
10,000
10,000

Trade creditors
303,938
235,620

Corporation tax
13,901
16,520

Other taxation and social security
-
559

Other creditors
2,172
11,097

Accruals and deferred income
3,000
3,000

333,011
276,796



8.


Creditors: Amounts falling due after more than one year

2024
2023
£
£

Bank loans
12,500
22,500



9.


Loans


2024
2023
£
£

Amounts falling due within one year

Bank loans
10,000
10,000

Amounts falling due 1-2 years

Bank loans
10,000
10,000

Amounts falling due 2-5 years

Bank loans
2,500
12,500

22,500
32,500



10.


Share capital

2024
2023
£
£
Allotted, called up and fully paid



2 (2023 - 2) Ordinary shares of £1.00 each
2
2


Page 7

 
OPPORTUNITY TRADING LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

11.


Related party transactions

At the end of the year, the directors owed the Company £31,093 (2023 - the Company owed the directors £8,925).

 
Page 8