| Registered Number:05483751 |
For the year ended 31 December 2024
England and Wales
Unaudited Financial Statements
For the year ended 31 December 2024
Opinion Health Limited
Contents Page
1
Statement of Financial Position
2 to 3
Notes to the Financial Statements
Opinion Health Limited
Statement of Financial Position
2023
2024
482,077
502,178
2
| Property, plant and equipment |
2,550
3,400
484,627
505,578
| Trade and other receivables |
1,370,141
1,579,947
3
-
| Cash and cash equivalents |
4,525
1,584,472
1,370,141
| Trade and other payables: amounts falling due within one |
| year |
(902,156)
(979,436)
4
467,985
605,036
Net current assets
| Total assets less current liabilities |
1,089,663
973,563
1,089,663
Net assets
973,563
413
413
49,917
49,917
1,039,333
923,233
1,089,663
973,563
Shareholders' funds
| For the year ended 31 December 2024 the company was entitled to exemption from audit under Section 477 of the Companies Act 2006 relating to small companies. |
| The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2024 in accordance with Section 476 of the Companies Act 2006 |
| The directors acknowledge their responsibilities for:a) ensuring that the company keeps proper 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 Section |
| 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. |
| In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered. |
| The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. |
| These financial statements were approved and authorised for issue by the Board on 30 September 2025 and were signed by: |
| The notes form part of these financial statements |
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For the year ended 31 December 2024
Opinion Health Limited
Notes to the Financial Statements
Statutory Information
| Opinion Health Limited is a private limited company, limited by shares, domiciled in England and Wales, registration |
| number 05483751. |
11 Poland Street
London
W1F 8QA
| The presentation currency is £ sterling. |
Basis of preparing the financial statements
| These financial statements have been prepared in accordance with the provisions of Section 1A of Financial |
| Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the |
| Companies Act 2006. The financial statements have been prepared under the historical costs convention. |
Revenue recognition
| Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts. |
Goodwill
| Acquired goodwill consists of proprietary access panels of patients and healthcare professionals. These are stated at cost less amortisation. Amortisation is calculated on a straight line basis over the estimated expected useful economic life of the goodwill of 5 years. |
Property, plant and equipment
| Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis: |
Fixtures and fittings
Deferred tax
| Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position date. |
Foreign currencies
| Monetary assets and liabilities denominated in foreign currencies are translated into sterling at the rate of exchange ruling at the balance sheet date. Transactions in foreign currencies are recorded at the rate ruling at the date of the transaction. All foreign exchange differences are included to the profit and loss account. |
Hire purchase and leasing commitments
Rentals payable under operating leases are charged against income on a straight line basis over the lease term.
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For the year ended 31 December 2024
Opinion Health Limited
Notes to the Financial Statements Continued
| 2. Intangible fixed assets |
Goodwill
1,899,348
192,393
2,091,741
1,397,170
212,494
Charge for year
1,609,664
482,077
502,178
| 3. Trade and other receivables |
2023
2024
312,135
339,951
1,267,812
1,030,190
1,370,141
1,579,947
| 4. Trade and other payables: amounts falling due within one year |
2023
2024
220,780
50,508
94,459
158,872
| Taxation and social security |
289,086
292,486
375,111
400,290
979,436
902,156
| 5. Average number of persons employed |
During the year the average number of employees was 8 (2023 : 6)
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