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REGISTERED NUMBER: 11927491 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30TH APRIL 2024

FOR

OPPOSITE LOCK LIMITED

OPPOSITE LOCK LIMITED (REGISTERED NUMBER: 11927491)

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










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


OPPOSITE LOCK LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30TH APRIL 2024







DIRECTOR: Mr P O Camelin





REGISTERED OFFICE: Heron House
5 Heron Square
Richmond
Middlesex
TW9 1EL





REGISTERED NUMBER: 11927491 (England and Wales)






OPPOSITE LOCK LIMITED (REGISTERED NUMBER: 11927491)

BALANCE SHEET
30TH APRIL 2024

2024 2023
Notes £    £   
CURRENT ASSETS
Stocks 397,274 307,516
Debtors 4 20,603 3,924
Cash at bank and in hand 29,096 5,310
446,973 316,750
CREDITORS
Amounts falling due within one year 5 50,648 20,090
NET CURRENT ASSETS 396,325 296,660
TOTAL ASSETS LESS CURRENT
LIABILITIES

396,325

296,660

CREDITORS
Amounts falling due after more than one year 6 40,000 40,000
NET ASSETS 356,325 256,660

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 356,225 256,560
SHAREHOLDERS' FUNDS 356,325 256,660

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 his 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.

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 18th February 2025 and were signed by:





Mr P O Camelin - Director


OPPOSITE LOCK LIMITED (REGISTERED NUMBER: 11927491)

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


1. STATUTORY INFORMATION

Opposite Lock 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.

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.

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 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.

Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2023 - NIL).

4. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Other debtors 20,603 3,924

OPPOSITE LOCK LIMITED (REGISTERED NUMBER: 11927491)

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


5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 9,765 8,551
Taxation and social security 35,875 -
Other creditors 5,008 11,539
50,648 20,090

6. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Bank loans 40,000 40,000

7. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Bank loans 49,765 48,551

Bank loan is secured by the UK government under the bounce back loan scheme.

8. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 30th April 2024 and 30th April 2023:

2024 2023
£    £   
Mr P O Camelin
Balance outstanding at start of year - -
Amounts advanced 23,215 -
Amounts repaid (6,536 ) -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 16,679 -

9. ULTIMATE CONTROLLING PARTY

The controlling party is Mr P O Camelin.