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Registered number:
FOR THE YEAR ENDED 31 DECEMBER 2024
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O.P. CHOCOLATE LIMITED
COMPANY INFORMATION
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O.P. CHOCOLATE LIMITED
CONTENTS
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O.P. CHOCOLATE LIMITED
STRATEGIC REPORT
FOR THE YEAR ENDED 31 DECEMBER 2024
The Director presents their Strategic Report for the year ended 31 December 2024.
Principal Activities The Company is concerned mainly in the manufacture of wafers; predominantly chocolate enrobed and moulded, mallows and certain confectionery products.
Following the previous year’s results, the organization has focused on ensuring that our commercial strategy is a sustainable one. The success of this can be seen in our results.
The surge in commodity prices, energy and labour charges, due to market increases, were proactively managed by the business in order to ensure that the business did not suffer losses as a result of the market impacts. The profit for the year was £4,992,000 (2023 £4,623,000). The Company remains focused on improving its margins by controlling costs and improving productivity. The net assets of the Company at 31 December 2024 were £23,042,000 (2023 £18,050,000).
Increases in the costs of raw materials, energy and labour represent a major financial risk to the company. Working with suppliers and customers, these increases are mitigated where possible and passed on where mitigation is not. In addition, the Company looks to improve operational performance year on year through investment in both equipment and the workforce, offsetting or minimising the impact of cost increases elsewhere. Market movements and fundamentals are tracked, and commodities purchased in line with specific supply strategies.
The impact of climate change is another risk area that the Company has identified. This could give rise to: • Physical risks such as the impact on the availability of raw material that the Company sources from across the world and the effect of this shortage on costs. • Transition risks such as climate policy set by the UK government, that could lead to the introduction of carbon taxes. As a result, this could lead to losses in profit. To manage this risk, the group companies work in partnership with key suppliers to monitor, manage and improve security of supply though investment in infrastructure, education and training.
The following key performance indicators are used to judge performance towards the strategic objectives:
Financial KPls 2024 2023 Change £'000 £'000 % Turnover 90,016 80,074 12% Profit/(Loss) before taxation 6,682 5,825 15%
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O.P. CHOCOLATE LIMITED
STRATEGIC REPORT (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
Objectives and strategy
The Company's Mission Statement is: "To be recognized as the finest quality manufacturer of chocolate wafer and toffee products to fully satisfy our customers with consistent high-quality products representing good value for money by developing exciting new products and efficient service. We will also provide a working environment that encourages growth and development, of a committed, stable workforce in safe, hygienic and comfortable working conditions." As part of achieving this Mission, the Company has defined objectives for growth in both sales and profitability. There are also several supporting or non-financial objectives which interact with those for sales and profitability growth. These non-financial objectives include new product development and improvements in customer service. The director of the Company, as those of all UK companies, must act in accordance with a set of duties. These duties are detailed in section 172 of the UK Companies Act 2006 with summarised as follows; "A director of a company must act in a way they consider, in good faith, would be most likely to promote the success of the Company for the benefit of its shareholder as a whole and, in doing so have regard (amongst other matters) to; • The likely consequences of any decisions in the long term; • The interest of the Company's employees; • The need to foster the Company's business relationships with suppliers, customers and others; • The impact of the Company's operations on the community and environment; and • The desirability of the Company maintaining a reputation for high standards of business conduct All of our directors are briefed on their duties by the Company Secretary and if necessary, they can seek professional advice from an independent adviser/expert. It is of utmost importance that our directors fulfil their duties through the governance framework that guides the organisation's daily decision making. The following paragraphs summarise how the directors fulfil their duties:
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O.P. CHOCOLATE LIMITED
STRATEGIC REPORT (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
Risk Management
The senior management team meets weekly to review performance and assess risks facing the organisation. The aims of these meetings are to; • Ensure that adequate and efficient processes are in place to identify, report and monitor risks. • Raise risk awareness and ensure there is appropriate risk management within the organisation. • Establish policies for risk management. • Ensure that the most effective procedures are put in place to mitigate any risks identified. • Use Risk Management models such as TARA to manage risk. Our People The Company embraces responsibility for its action and strives to make a positive impact on all of its employees. It is important to us that our day-to-day activities align with the expectations of our people; we meet these expectations through continuous training and development of our employees to ensure they are able to meet their full potential. We work tirelessly with our teams to ensure that our factory runs to the highest possible safety, hygiene and ethical standards so that our company values of Oppurtunity, Stability, Commitment, Teamwork, Responsibility and Safety are achieved. Business Relationships Our strategy for growth is to sell our existing products through our intercompany network and to introduce new product development into our existing customers and markets. In order to achieve this strategy, we must maintain and develop strong business relationships. Our suppliers are key to us achieving our growth strategy and are highly valued by the Company. We work closely with our key suppliers, ensuring their businesses run to the highest possible safety, hygiene and ethical standards so that our shared values are achieved. Community and Environment The local and wider communities with which we interact with are at the heart of the Company. As a large employer in the local community, we take our responsibilities very seriously. Through providing sustainable employment we strengthen and support the local community.
This report was approved by the board and signed on its behalf.
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O.P. CHOCOLATE LIMITED
DIRECTOR'S REPORT
FOR THE YEAR ENDED 31 DECEMBER 2024
The director presents his report and the financial statements for the year ended 31 December 2024.
The director is responsible for preparing the Strategic Report, the Director's Report and the financial statements in accordance with applicable law and regulations.
In preparing these financial statements, the director is required to:
∙select suitable accounting policies for the Company's financial statements and then apply them consistently;
∙make judgments and accounting estimates that are reasonable and prudent;
∙state whether applicable UK Accounting Standards have been followed, subject to any material departures disclosed and explained in the financial statements;
∙prepare the financial statements on the going concern basis unless it is inappropriate to presume that the Company will continue in business.
The director is responsible for keeping adequate accounting records that are sufficient to show and explain the Company's transactions and disclose with reasonable accuracy at any time the financial position of the Company and to enable him to ensure that the financial statements comply with the Companies Act 2006. He is also responsible for safeguarding the assets of the Company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
The profit for the year, after taxation, amounted to £4,992,000 (2023 - £4,623,000).
No dividends were declared for the year (2023 - £Nil).
The director who served during the year was:
The Company's main focus in the outlook to the future is increasing product profitability and expanding into the export market.
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O.P. CHOCOLATE LIMITED
DIRECTOR'S REPORT (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
The Company believes strongly in keeping employees informed of matters affecting them as employees and the financial performance of the business.
A director and at least 1 member of the senior management team meet with employee and union representatives on a bi-weekly basis. In these meetings employees have an opportunity to raise concern, ask questions but it is also an opportunity for the senior team to consider employees view of business decision. The Company ensures that training, career development and promotions are available to all employees.
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O.P. CHOCOLATE LIMITED
DIRECTOR'S REPORT (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
O.P Chocolate Limited - 2024 SECR Report 1st Jan to 31st Dec
The below report reviews O.P. Chocolate Limited's energy consumption and Green House Gas Emissions, along with an intensity ratio and energy efficient narrative, in line with the government's SECR requirements. Energy Consumption per Scope The figures below detail O.P. Chocolate Limited's total Scope 1 & Scope 2 energy consumption in kWh for the period 2024, with 2023 also shown as a comparison:
The above kWh values for both gas & electricity have been obtained from utility invoices. Fuel values have been calculated using fuel charges and multiplied to kWh using DEFRA's 2023 & 2024 conversion factors.
Emissions per Scope The figures below detail O.P. Chocolate Limited's associated Green House Gas (GHG) emissions in kg of Carbon Emissions (kgCO2e) for the period 2024, with 2023 also shown as a comparison:
The above carbon emissions values have been calculated using DEFRA'S 2023 & 2024 coversion factors.
Intensity Ratio The below figures provide an intensity ratio of GHG per Tonne of product. This intensity ratio was chosen as it is iin line with OP Chocolate’s Climate Change Agreement, which compares energy consumption per tonnes of product against a stringent target.
The above production values have been provided by site and audited in line with the business’s Climate Change Agreement.
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O.P. CHOCOLATE LIMITED
DIRECTOR'S REPORT (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
Energy Efficiency Action During the period covered by this report, the Company has continued its long-term energy efficiency strategy aimed at reducing energy consumption and carbon emissions. This has been achieved through projects such as improving tank and pipework insulation, increasing LED lighting installations across the site, and switching tank and pipeline heating requirements to more efficient decentralized systems. Additionally, performance analysis has been improved through a better understanding of the product mix and the extensive network of electricity, gas, and water sub-metering continues to be expanded, enhancing energy consumption monitoring and management. However, the 2024 product mix has shifted to a more energy-intensive variety compared to previous years. There have also been major projects initiated that will lead to long-term improvements in production and energy efficiency, although installation downtime and subsequent teething issues have had a short-term detrimental effect. Methodology 2024: • Electricity & Gas consumptions obtained from utility invoices • Mileage of Company-owned vehicles has been provided by site and converted to kWh using DEFRA’s 2024 conversion factors. • All energy to GHG conversions have been calculated using DEFRA’s 2024 conversion factors. • Intensity ratio of GHG against Tonne of Product has been chosen in line with O.P. Chocolate Limited's Climate Change Agreement. Methodology 2023: • Electricity & Gas consumptions obtained from utility invoices • Transport Fuel Charges (£) provided from company records and; o Converted to litres using UK government’s monthly average fuel rates. o Converted to kWh using DEFRA’s 2023 conversion factors • All energy to GHG conversions have been calculated using DEFRA’s 2023 conversion factors. • Intensity ratio of GHG against Tonne of Product has been chosen in line with OP Chocolate Ltd.’s Climate Change Agreement.
There have been no significant events affecting the Company since the year end.
The auditor, MHA, previously traded through the legal entity MacIntyre Hudson LLP. In response to regulatory changes, MacIntyre Hudson LLP ceased to hold an audit registration with the engagement transitioning to MHA Audit Services LLP.
MHA will be proposed for reappointment in accordance with section 485 of the Companies Act 2006.
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O.P. CHOCOLATE LIMITED
DIRECTOR'S REPORT (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
This report was approved by the board and signed on its behalf.
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O.P. CHOCOLATE LIMITED
INDEPENDENT AUDITORS' REPORT TO THE MEMBERS OF O.P. CHOCOLATE LIMITED
We have audited the financial statements of O.P. Chocolate Limited (the 'Company') for the year ended 31 December 2024, which comprise the Statement of Comprehensive Income, the Balance Sheet, the Statement of Cash Flows, the Statement of Changes in Equity and the related notes, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 102 ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland' (United Kingdom Generally Accepted Accounting Practice).
We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditors' responsibilities for the audit of the financial statements section of our report. We are independent of the Company in accordance with the ethical requirements that are relevant to our audit of the financial statements in the United Kingdom, including the Financial Reporting Council's Ethical Standard and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.
In auditing the financial statements, we have concluded that the director's use of the going concern basis of accounting in the preparation of the financial statements is appropriate.
Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the Company's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.
Our responsibilities and the responsibilities of the director with respect to going concern are described in the relevant sections of this report.
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O.P. CHOCOLATE LIMITED
INDEPENDENT AUDITORS' REPORT TO THE MEMBERS OF O.P. CHOCOLATE LIMITED (CONTINUED)
The other information comprises the information included in the Annual Report other than the financial statements and our Auditors' Report thereon. The director is responsible for the other information contained within the Annual Report. Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon. Our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the course of the audit, or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether this gives rise to a material misstatement in the financial statements themselves. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact.
We have nothing to report in this regard.
In our opinion, based on the work undertaken in the course of the audit:
∙the information given in the Strategic Report and the Director's Report for the financial year for which the financial statements are prepared is consistent with the financial statements; and
∙the Strategic Report and the Director's Report have been prepared in accordance with applicable legal requirements.
In the light of the knowledge and understanding of the Company and its environment obtained in the course of the audit, we have not identified material misstatements in the Strategic Report or the Director's Report.
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O.P. CHOCOLATE LIMITED
INDEPENDENT AUDITORS' REPORT TO THE MEMBERS OF O.P. CHOCOLATE LIMITED (CONTINUED)
Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an Auditors' Report that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.
Irregularities, including fraud, are instances of non-compliance with laws and regulations. We design procedures in line with our responsibilities, outlined above, to detect material misstatements in respect of irregularities, including fraud. The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below:
- Enquiry of management around actual and potential litigation and claims; - Performing audit work over the risk of management override of controls, including testing of journal entries and other adjustments for appropriateness, evaluating the business rationale of significant transactions outside the normal course of business and review of accounting estimates for bias; - Reviewing financial statement disclosures and testing supporting documentation to assess compliance with applicable laws and regulations.
Because of the inherent limitations of an audit, there is a risk that we will not detect all irregularities, including those leading to a material misstatement in the financial statements or non-compliance with regulation. This risk increases the more that compliance with a law or regulation is removed from the events and transactions reflected in the financial statements, as we will be less likely to become aware of instances of non-compliance. The risk is also greater regarding irregularities occurring due to fraud rather than error, as fraud involves intentional concealment, forgery, collusion, omission or misrepresentation.
A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council's website at: www.frc.org.uk/auditorsresponsibilities. This description forms part of our Auditors' Report.
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O.P. CHOCOLATE LIMITED
INDEPENDENT AUDITORS' REPORT TO THE MEMBERS OF O.P. CHOCOLATE LIMITED (CONTINUED)
This report is made solely to the Company's members, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might state to the Company's members those matters we are required to state to them in an Auditors' Report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the Company and the Company's members, as a body, for our audit work, for this report, or for the opinions we have formed.
for and on behalf of
Statutory Auditors
Northampton, United Kingdom
Date:
MHA is the trading name of MHA Audit Services LLP, a limited liability partnership in England and Wales (registered number OC455542)
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O.P. CHOCOLATE LIMITED
STATEMENT OF COMPREHENSIVE INCOME
FOR THE YEAR ENDED 31 DECEMBER 2024
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O.P. CHOCOLATE LIMITED
REGISTERED NUMBER: 02557248
BALANCE SHEET
AS AT 31 DECEMBER 2024
The financial statements were approved and authorised for issue by the board and were signed on its behalf by:
The notes on pages 18 to 32 form part of these financial statements.
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O.P. CHOCOLATE LIMITED
STATEMENT OF CHANGES IN EQUITY
FOR THE YEAR ENDED 31 DECEMBER 2024
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O.P. CHOCOLATE LIMITED
STATEMENT OF CASH FLOWS
FOR THE YEAR ENDED 31 DECEMBER 2024
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O.P. CHOCOLATE LIMITED
ANALYSIS OF NET DEBT
FOR THE YEAR ENDED 31 DECEMBER 2024
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O.P. CHOCOLATE LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024
O.P. Chocolate Limited (the "Company") is a private company limited by shares incorporated, dominciled, and registered in England and Wales in the UK. The registered number is 02557248 and the registered address is High Street, Dowlais, Merthyr Tydfil, CF48 3TB.
The Company is concerned mainly in the manufacture of wafers; predominantly chocolate enrobed and moulded mallows and certain confectionery products.
2.Accounting policies
The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.
The preparation of financial statements in compliance with FRS 102 requires the use of certain critical accounting estimates. It also requires management to exercise judgment in applying the Company's accounting policies (see note 3).
The presentation currency of these financial statements is sterling. All amounts in the financial statements have been founded to the nearest £1,000 and are recorded in sterling.
The Company has taken advantage of the following disclosure exemptions in preparing these financial statements, as permitted by the FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland":
∙the requirements of Section 11 Financial Instruments paragraphs 11.42, 11.44 to 11.45, 11.47, 11.48(a)(iii), 11.48(a)(iv), 11.48(b) and 11.48(c);
∙the requirements of Section 12 Other Financial Instruments paragraphs 12.26 to 12.27, 12.29(a), 12.29(b) and 12.29A.
The financial statements have been prepared on a going concern basis. The Director has considered relevant information, including the annual budget, forecast furture cash flows and the impact of subsequent events in making their assessment. This analysis also considers the effectiveness of available measures to assist in mitigating the impact such as the group cash pool facility.
Based on the assessments and having regard to the resource available to the entity, the Director has conducted that there is no material uncertainty and that they can continue to adopt the going concern basis in preparing the annual report and financial statements.
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O.P. CHOCOLATE LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024
2.Accounting policies (continued)
Functional and presentation currency
Transactions and balances
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O.P. CHOCOLATE LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024
2.Accounting policies (continued)
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O.P. CHOCOLATE LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024
2.Accounting policies (continued)
Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method.
Depreciation is provided on the following basis:
The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.
Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.
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O.P. CHOCOLATE LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024
2.Accounting policies (continued)
Provisions are measured as the best estimate of the amount required to settle the obligation, taking into account the related risks and uncertainties.
The Company has elected to apply the provisions of Section 11 “Basic Financial Instruments” of FRS 102 to all of its financial instruments.
Financial instruments are recognised in the Company's Balance Sheet when the Company becomes party to the contractual provisions of the instrument.
Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.
Basic financial assets
Basic financial assets, which include trade and other debtors, cash and bank balances, are initially measured at their transaction price (adjusted for transaction costs except in the initial measurement of financial assets that are subsequently measured at fair value through profit and loss) and are subsequently carried at their amortised cost using the effective interest method, less any provision for impairment, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest.
Discounting is omitted where the effect of discounting is immaterial. The Company's cash and cash equivalents, trade and most other debtors due with the operating cycle fall into this category of financial instruments.
Impairment of financial assets
At the end of each reporting period financial assets measured at amortised cost are assessed for objective evidence of impairment. If an asset is impaired the impairment loss is the difference between the carrying amount and the present value of the estimated cash flows discounted at the asset’s original effective interest rate. The impairment loss is recognised in profit or loss.
Financial assets are impaired when events, subsequent to their initial recognition, indicate the estimated future cash flows derived from the financial asset(s) have been adversely impacted. The impairment loss will be the difference between the current carrying amount and the present value of the future cash flows at the asset(s) original effective interest rate.
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O.P. CHOCOLATE LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024
2.Accounting policies (continued)
If there is a favourable change in relation to the events surrounding the impairment loss then the impairment can be reviewed for possible reversal. The reversal will not cause the current carrying amount to exceed the original carrying amount had the impairment not been recognised. The impairment reversal is recognised in the profit or loss.
Financial liabilities
Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the Company after the deduction of all its liabilities.
Basic financial liabilities, which include trade and other creditors, bank loans and other loans are initially measured at their transaction price (adjusting for transaction costs except in the initial measurement of financial liabilities that are subsequently measured at fair value through profit and loss). When this constitutes a financing transaction, whereby the debt instrument is measured at the present value of the future payments discounted at a market rate of interest, discounting is omitted where the effect of discounting is immaterial.
Debt instruments are subsequently carried at their amortised cost using the effective interest rate method.
Trade creditors are obligations to pay for goods and services that have been acquired in the ordinary course of business from suppliers. Trade creditors are classified as current liabilities if the payment is due within one year. If not, they represent non-current liabilities. Trade creditors are initially recognised at their transaction price and subsequently are measured at amortised cost using the effective interest method. Discounting is omitted where the effect of discounting is immaterial.
Derecognition of financial instruments
Derecognition of financial assets
Financial assets are derecognised when their contractual right to future cash flow expire, or are settled, or when the Company transfers the asset and substantially all the risks and rewards of ownership to another party. If significant risks and rewards of ownership are retained after the transfer to another party, then the Company will continue to recognise the value of the portion of the risks and rewards retained.
Derecognition of financial liabilities
Financial liabilities are derecognised when the Company's contractual obligations expire or are discharged or cancelled.
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O.P. CHOCOLATE LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024
The estimates and underlying assumption are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised if the revision affects only that period, or in the period of the revision and future periods if the revision affects both current and future periods. There are no key judgments. The key estimates include depreciation and stock provision. The need for a stock provision is considered regularly by management on a line by line basis and is included as part of the closing stock figure.
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O.P. CHOCOLATE LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024
Page 25
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O.P. CHOCOLATE LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024
Page 26
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O.P. CHOCOLATE LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024
11.Taxation (continued)
There were no factors that may affect future tax charges.
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O.P. CHOCOLATE LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024
Page 28
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O.P. CHOCOLATE LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024
Page 29
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O.P. CHOCOLATE LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024
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O.P. CHOCOLATE LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024
Profit and loss account
The Company operates a defined contributions pension scheme. The assets of the scheme are held separately from those of the Company in an independently administered fund.
The pension cost charge represents contributions payable by the Company to the fund and amounted to £308,000 (2023 - £292,000) . Contributions totalling £59,000 (2023 - £46,000) were payable to the fund at the balance sheet date and are included in creditors.
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O.P. CHOCOLATE LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024
Baronie UK Limited is the immediate parent undertaking, a company incorporated in England and Wales. This is the smallest group for which consolidated accounts are prepared. The financial statements are publicly available from the registered office of Baronie UK Limited, Office 4, Corby Enterprise Centre London Road, Priors Hall, Corby, England, NN17 5EU.
The ultimate parent company is Baronie NV, a company incorporated in Belgium. This is the largest group for which consolidated accounts are prepared and copies of these can be obtained from Baronie NV, Kolvestraat 70, 8000, Brugge, Belgium.
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