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Registered Number: 07421536
England and Wales

 

 

 

OPENDOORZ LIMITED


Unaudited Financial Statements
 


Period of accounts

Start date: 01 January 2024

End date: 31 December 2024
Director Catherine Dunbabin
Registered Number 07421536
Registered Office Sandford Gate
East Point Business Park
Oxford
Oxfordshire
OX4 6LB
Accountants Cypher
Monkswell
Little Baldon
Oxford
OX44 9PU
1
 
 
Notes
 
2024
£
  2023
£
Fixed assets      
Intangible fixed assets 3 15,892    22,242 
Tangible fixed assets 4 827   
16,719    22,242 
Current assets      
Debtors 5 1,906    1,563 
Cash at bank and in hand 68,077    84,989 
69,983    86,552 
Creditors: amount falling due within one year 6 (57,722)   (58,211)
Net current assets 12,261    28,341 
 
Total assets less current liabilities 28,980    50,583 
Creditors: amount falling due after more than one year 7   (13,500)
Net assets 28,980    37,083 
 

Capital and reserves
     
Called up share capital 130    130 
Share premium account 8 19,970    19,970 
Profit and loss account 8,880    16,983 
Shareholders' funds 28,980    37,083 
 


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

Directors' responsibilities:
  1. The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476.
  2. The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
These 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 to the Registrar of Companies.
The financial statements were approved by the board of directors on 27 February 2025 and were signed on its behalf by:


-------------------------------
Catherine Dunbabin
Director
2
General Information
Opendoorz Limited is a private company, limited by shares, registered in England and Wales, registration number 07421536, registration address Sandford Gate, East Point Business Park, Oxford, Oxfordshire, OX4 6LB.

The presentation currency is £ sterling.
1.

Accounting policies

Significant accounting policies
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, the Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by Section 1A of the standard)
Turnover
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:
Rendering of services


Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
1. the amount of revenue can be measured reliably;
2. it is probable that the Company will receive the consideration due under the contract;
3. the stage of completion of the contract at the end of the reporting period can be measured reliably; and
4. the costs incurred and the costs to complete the contract can be measured reliably.
Taxation
Taxation represents the sum of tax currently payable and deferred tax. Tax is recognised in the statement of income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves.
The company’s liability for current tax is calculated using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Current and deferred tax assets and liabilities are not discounted
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.
Intangible assets
Intangible assets (including purchased goodwill and patents) are amortised at rates calculated to write off the assets on a straight line basis over their estimated useful economic lives. Impairment of intangible assets is only reviewed where circumstances indicate that the carrying value of an asset may not be fully recoverable.
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:
Computer Equipment 33% Reducing Balance
2.

Average number of employees

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

Intangible fixed assets

Cost Website Costs   Total
  £   £
At 01 January 2024 31,750    31,750 
Additions  
Disposals  
At 31 December 2024 31,750    31,750 
Amortisation
At 01 January 2024 9,508    9,508 
Charge for year 6,350    6,350 
On disposals  
At 31 December 2024 15,858    15,858 
Net book values
At 31 December 2024 15,892    15,892 
At 31 December 2023 22,242    22,242 


4.

Tangible fixed assets

Cost or valuation Computer Equipment   Total
  £   £
At 01 January 2024 1,402    1,402 
Additions 1,160    1,160 
Disposals  
At 31 December 2024 2,562    2,562 
Depreciation
At 01 January 2024 1,402    1,402 
Charge for year 333    333 
On disposals  
At 31 December 2024 1,735    1,735 
Net book values
Closing balance as at 31 December 2024 827    827 
Opening balance as at 01 January 2024  


5.

Debtors: amounts falling due within one year

2024
£
  2023
£
Trade Debtors 582    1,485 
Prepayments & Accrued Income 1,324    78 
1,906    1,563 

6.

Creditors: amount falling due within one year

2024
£
  2023
£
Trade Creditors 1,380    3,764 
Bank Loans & Overdrafts   9,000 
Corporation Tax 34,981    29,684 
PAYE & Social Security 526    374 
Accrued Expenses 324   
Accruals and deferred income 5,410    1,170 
Other Creditors 300   
Directors' Current Accounts 624    624 
VAT 14,177    13,595 
57,722    58,211 

7.

Creditors: amount falling due after more than one year

2024
£
  2023
£
Bank Loans & Overdrafts   13,500 
  13,500 

8.

Share premium account

2024
£
  2023
£
Equity Share Premium b/fwd 19,970    19,970 
19,970    19,970 

3