BrightAccountsProduction v1.0.0 v1.0.0 2023-09-01 The company was not dormant during the period The company was trading for the entire period Unaudited Accounts 22 May 2025 1 0 13589993 2024-08-31 13589993 2023-08-31 13589993 2022-08-31 13589993 2023-09-01 2024-08-31 13589993 2022-09-01 2023-08-31 13589993 uk-bus:PrivateLimitedCompanyLtd 2023-09-01 2024-08-31 13589993 uk-curr:PoundSterling 2023-09-01 2024-08-31 13589993 uk-bus:SmallCompaniesRegimeForAccounts 2023-09-01 2024-08-31 13589993 uk-bus:FullAccounts 2023-09-01 2024-08-31 13589993 uk-bus:Director1 2023-09-01 2024-08-31 13589993 uk-bus:RegisteredOffice 2023-09-01 2024-08-31 13589993 uk-bus:Agent1 2023-09-01 2024-08-31 13589993 uk-core:ShareCapital 2024-08-31 13589993 uk-core:ShareCapital 2023-08-31 13589993 uk-core:RetainedEarningsAccumulatedLosses 2024-08-31 13589993 uk-core:RetainedEarningsAccumulatedLosses 2023-08-31 13589993 uk-core:TotalEquityAttributableToOwnersParentBeforeNon-controllingInterests 2024-08-31 13589993 uk-core:TotalEquityAttributableToOwnersParentBeforeNon-controllingInterests 2023-08-31 13589993 uk-bus:FRS102 2023-09-01 2024-08-31 13589993 uk-core:CurrentFinancialInstruments 2024-08-31 13589993 uk-core:CurrentFinancialInstruments 2023-08-31 13589993 uk-core:WithinOneYear 2024-08-31 13589993 uk-core:WithinOneYear 2023-08-31 13589993 2023-09-01 2024-08-31 13589993 uk-bus:AuditExempt-NoAccountantsReport 2023-09-01 2024-08-31 xbrli:pure iso4217:GBP xbrli:shares
Company Registration Number: 13589993
 
 
Opal VS Ltd
 
Unaudited Financial Statements
 
for the financial year ended 31 August 2024
Opal VS Ltd
DIRECTOR AND OTHER INFORMATION

 
Director Arfan Akbar
 
 
Company Registration Number 13589993
 
 
Registered Office and Business Address Unit 5 Young Street Industrial Estate
Young Street
Bradford
West Yorkshire
BD8 9RE
United Kingdom
 
 
Accountants Langers
Chartered Certified Accountants
8-10 Gatley Road
Cheadle
Cheshire
SK8 1PY
GB



Opal VS Ltd
Company Registration Number: 13589993
STATEMENT OF FINANCIAL POSITION
as at 31 August 2024

2024 2023
Notes £ £
 
Current Assets
Debtors 4 2,673 4
Cash and cash equivalents 8,762 -
───────── ─────────
11,435 4
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Creditors: amounts falling due within one year 5 (3,208) -
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Net Current Assets 8,227 4
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Total Assets less Current Liabilities 8,227 4
═════════ ═════════
 
Capital and Reserves
Called up share capital 4 4
Retained earnings 8,223 -
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Equity attributable to owners of the company 8,227 4
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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 company has taken advantage of the exemption under section 444 not to file the Income Statement and Director's Report.
           
For the financial year ended 31 August 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006.
           
The director confirms that the members have not required the company to obtain an audit of its financial statements for the financial year in question in accordance with section 476 of the Companies Act 2006.
           
The director acknowledges his responsibilities for ensuring that the company keeps accounting records which comply with section 386 and for preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of the financial year and of its profit and loss for the 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.
           
Approved by the Director and authorised for issue on 22 May 2025
           
           
________________________________          
Arfan Akbar          
Director          
           



Opal VS Ltd
NOTES TO THE FINANCIAL STATEMENTS
for the financial year ended 31 August 2024

   
1. General Information
 
Opal VS Ltd is a company limited by shares incorporated and registered in the United Kingdom. The registered number of the company is 13589993. The registered office of the company is Unit 5 Young Street Industrial Estate, Young Street, Bradford, West Yorkshire, BD8 9RE, United Kingdom which is also the principal place of business of the company. The financial statements have been presented in Pound (£) which is also the functional currency of the company.
         
2. Summary of Significant Accounting Policies
 
The following accounting policies have been applied consistently in dealing with items which are considered material in relation to the company's financial statements.
 
Statement of compliance
The financial statements of the company for the financial year ended 31 August 2024 have been prepared in accordance with the provisions of FRS 102 Section 1A (Small Entities) and the Companies Act 2006.
 
Basis of preparation
The financial statements have been prepared on the going concern basis and in accordance with the historical cost convention except for certain properties and financial instruments that are measured at revalued amounts or fair values, as explained in the accounting policies below. Historical cost is generally based on the fair value of the consideration given in exchange for assets.
 
Turnover
Turnover comprises the invoice value of goods supplied by the company, exclusive of trade discounts and value added tax.
 
Trade and other debtors
Trade and other debtors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method less impairment losses for bad and doubtful debts except where the effect of discounting would be immaterial. In such cases the receivables are stated at cost less impairment losses for bad and doubtful debts.
 
Trade and other creditors
Trade and other creditors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest rate method, unless the effect of discounting would be immaterial, in which case they are stated at cost.
 
Employee benefits
The company operates a defined contribution pension scheme. The assets of the scheme are held separately from those of the company in an independently administered fund. The company also operates a defined benefit pension scheme for its employees providing benefits based on final pensionable pay. The assets of this scheme are also held separately from those of the company, being invested with pension fund managers.
 
Taxation and deferred taxation
Current tax represents the amount expected to be paid or recovered in respect of taxable profits for the financial year and is calculated using the tax rates and laws that have been enacted or substantially enacted at the Statement of Financial Position date.

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date where transactions or events have occurred at that date that will result in an obligation to pay more tax in the future, or a right to pay less tax in the future. Timing differences are temporary differences between the company's taxable profits and its results as stated in the financial statements. Deferred tax is measured on an undiscounted basis at the tax rates that are anticipated to apply in the periods in which the timing differences are expected to reverse, based on tax rates and laws that have been enacted or substantively enacted by the Statement of Financial Position date.
 
Foreign currencies
Monetary assets and liabilities denominated in foreign currencies are translated at the rates of exchange ruling at the Statement of Financial Position date. Non-monetary items that are measured in terms of historical cost in a foreign currency are translated at the rates of exchange ruling at the date of the transaction. Non-monetary items that are measured at fair value in a foreign currency are translated using the exchange rates at the date when the fair value was determined. The resulting exchange differences are dealt with in the Income Statement.
 
Ordinary share capital
The ordinary share capital of the company is presented as equity.
       
3. Employees
 
The average monthly number of employees, including director, during the financial year was 1, (2023 - 0).
 
  2024 2023
  Number Number
 
Directors 1 -
  ═════════ ═════════
       
4. Debtors 2024 2023
  £ £
 
Director's current account (Note 6) 4 4
Taxation 2,669 -
  ───────── ─────────
  2,673 4
  ═════════ ═════════
       
5. Creditors 2024 2023
Amounts falling due within one year £ £
 
Trade creditors 534 -
Taxation 1,929 -
Accruals 745 -
  ───────── ─────────
  3,208 -
  ═════════ ═════════
   
6. Director's advances, credits and guarantees
 
At 31 August 2024 Arfan Akbar, a director, owed £4 to the company. No interest has been charged to the director in respect of this loan which is repayable on demand and classified in debtors due within one year.