Registered number
05208501
Opalex Limited
Filleted Accounts
31 August 2024
Opalex Limited
Registered number: 05208501
Balance Sheet
as at 31 August 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 317,036 320,814
Current assets
Cash at bank and in hand 7,213 9,439
Creditors: amounts falling due within one year 4 (24,394) (9,974)
Net current liabilities (17,181) (535)
Total assets less current liabilities 299,855 320,279
Creditors: amounts falling due after more than one year 5 (146,400) (158,800)
Net assets 153,455 161,479
Capital and reserves
Called up share capital 750 750
Profit and loss account 152,705 160,729
Shareholders' funds 153,455 161,479
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Wojciech Opalczewski
Director
Approved by the board on 20 May 2025
Opalex Limited
Notes to the Accounts
for the year ended 31 August 2024
1 Accounting policies
Basis of preparation
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
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Plant and machinery over 5 years
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company - 1
3 Tangible fixed assets
Land and buildings Plant and machinery etc Motor vehicles Total
£ £ £ £
Cost
At 1 September 2023 317,036 44,453 36,950 398,439
Disposals - - (36,950) (36,950)
At 31 August 2024 317,036 44,453 - 361,489
Depreciation
At 1 September 2023 - 42,453 35,172 77,625
Charge for the year - 2,000 - 2,000
On disposals - - (35,172) (35,172)
At 31 August 2024 - 44,453 - 44,453
Net book value
At 31 August 2024 317,036 - - 317,036
At 31 August 2023 317,036 2,000 1,778 320,814
4 Creditors: amounts falling due within one year 2024 2023
£ £
Trade creditors - 8,086
Corporation tax - 688
Other creditors 24,394 1,200
24,394 9,974
5 Creditors: amounts falling due after one year 2024 2023
£ £
Bank loans 146,400 158,800
6 Other information
Opalex Limited is a private company limited by shares and incorporated in England. Its registered office is:
47 Brize North Road
Minster Lovell
Witney
OX29 0SG
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