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REGISTERED NUMBER: 11551271 (England and Wales)

















Unaudited Financial Statements

for the Year Ended 30 September 2024

for

OP Words And Pictures Ltd

OP Words And Pictures Ltd (Registered number: 11551271)






Contents of the Financial Statements
for the Year Ended 30 September 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


OP Words And Pictures Ltd

Company Information
for the Year Ended 30 September 2024







DIRECTORS: Mr D A Olusoga
Ms S M Painter





REGISTERED OFFICE: c/o Sterling Partners
Unit 14
7 Wenlock Road
London
N1 7SL





REGISTERED NUMBER: 11551271 (England and Wales)





ACCOUNTANTS: Sterling Partners Limited
Chartered Accountants
Chartered Tax Advisors
2nd Floor, Grove House
774-780 Wilmslow Road
Didsbury
Manchester
Greater Manchester
M20 2DR

OP Words And Pictures Ltd (Registered number: 11551271)

Balance Sheet
30 September 2024

2024 2023
Notes £    £   
FIXED ASSETS
Tangible assets 4 62,796 69,924

CURRENT ASSETS
Debtors 5 50,000 10,466
Cash at bank 1,174,262 1,181,659
1,224,262 1,192,125
CREDITORS
Amounts falling due within one year 6 (110,043 ) (152,961 )
NET CURRENT ASSETS 1,114,219 1,039,164
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,177,015

1,109,088

PROVISIONS FOR LIABILITIES 7 (15,699 ) (17,481 )
NET ASSETS 1,161,316 1,091,607

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings 1,161,314 1,091,605
SHAREHOLDERS' FUNDS 1,161,316 1,091,607

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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 Board of Directors and authorised for issue on 20 May 2025 and were signed on its behalf by:



Mr D A Olusoga - Director


OP Words And Pictures Ltd (Registered number: 11551271)

Notes to the Financial Statements
for the Year Ended 30 September 2024

1. STATUTORY INFORMATION

OP Words And Pictures Ltd 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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 25% on cost
Motor vehicles - 12.5% on reducing balance
Computer equipment - 25% on cost

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.

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 2 (2023 - 2 ) .

OP Words And Pictures Ltd (Registered number: 11551271)

Notes to the Financial Statements - continued
for the Year Ended 30 September 2024

4. TANGIBLE FIXED ASSETS
Plant and Motor Computer
machinery vehicles equipment Totals
£    £    £    £   
COST
At 1 October 2023 13,070 65,279 6,096 84,445
Additions - - 6,404 6,404
At 30 September 2024 13,070 65,279 12,500 90,849
DEPRECIATION
At 1 October 2023 3,738 8,160 2,623 14,521
Charge for year 3,267 7,140 3,125 13,532
At 30 September 2024 7,005 15,300 5,748 28,053
NET BOOK VALUE
At 30 September 2024 6,065 49,979 6,752 62,796
At 30 September 2023 9,332 57,119 3,473 69,924

5. DEBTORS
2024 2023
£    £   
Amounts falling due within one year:
Trade debtors - 10,466

Amounts falling due after more than one year:
Related party 50,000 -

Aggregate amounts 50,000 10,466

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors (23 ) -
Tax 74,152 115,664
VAT 26,214 28,451
Directors' current accounts 5,350 3,782
Accrued expenses 4,350 5,064
110,043 152,961

7. PROVISIONS FOR LIABILITIES
2024 2023
£    £   
Deferred tax 15,699 17,481

OP Words And Pictures Ltd (Registered number: 11551271)

Notes to the Financial Statements - continued
for the Year Ended 30 September 2024

7. PROVISIONS FOR LIABILITIES - continued

Deferred
tax
£   
Balance at 1 October 2023 17,481
Accelerated capital allowance (1,782 )
Balance at 30 September 2024 15,699

8. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 30 September 2024 and 30 September 2023:

2024 2023
£    £   
Mr D A Olusoga
Balance outstanding at start of year (52 ) (1,624 )
Amounts advanced 75,410 122,928
Amounts repaid (75,372 ) (121,356 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (14 ) (52 )

Ms S M Painter
Balance outstanding at start of year (3,730 ) (3,598 )
Amounts advanced 72,769 126,768
Amounts repaid (74,325 ) (126,900 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (5,286 ) (3,730 )

9. RELATED PARTY DISCLOSURES

Hillgate Films Ltd

A company in which Mr D A Olusoga & Ms S M Painter are shareholders


2024 2023
£    £   
Amount due from related party at the balance sheet date 50,000 -