Opalcharm Limited
Unaudited Financial Statements
For the year ended 31 March 2025
Pages for Filing with Registrar
Company Registration No. 01705473 (England and Wales)
Opalcharm Limited
Contents
Page
Balance sheet
1
Notes to the financial statements
2 - 5
Opalcharm Limited
Balance Sheet
As at 31 March 2025
Page 1
2025
2024
Notes
£
£
£
£
Fixed assets
Tangible assets
3
1,910
2,587
Current assets
Debtors
4
676,712
629,586
Cash at bank and in hand
44,843
33,431
721,555
663,017
Creditors: amounts falling due within one year
5
(40,500)
(96,850)
Net current assets
681,055
566,167
Net assets
682,965
568,754
Capital and reserves
Called up share capital
100
100
Profit and loss reserves
682,865
568,654
Total equity
682,965
568,754

For the financial year ended 31 March 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

T he member has not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The director of the company has elected not to include a copy of the profit and loss account within the financial statements.true

The financial statements were approved and signed by the director and authorised for issue on 10 February 2026
S Barron
Director
Company Registration No. 01705473
Opalcharm Limited
Notes to the Financial Statements
For the year ended 31 March 2025
Page 2
1
Accounting policies
Company information

Opalcharm Limited is a private company limited by shares incorporated in England and Wales. The registered office is Charlotte Building, 17 Gresse Street, London, W1T 1QL.

1.1
Accounting convention

These financial statements have been prepared in accordance with Section 1A of FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary a mounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost. The principal accounting policies adopted are set out below.

1.2
Going concern

These financial statements are prepared on the going concern basis. The director has a reasonable expectation that the company will continue in operational existence for the foreseeable future. The director believes that the company will have sufficient funds to settle all of its liabilities as they fall due for at least 12 months from signing the accounts.true

1.3
Turnover

Turnover represents amounts receivable for services net of VAT and trade discounts.

Revenue from contracts for the provision of professional services is recognised by reference to the stage of completion when the stage of completion, costs incurred and costs to complete can be estimated reliably. The stage of completion is calculated by comparing costs incurred, mainly in relation to contractual hourly staff rates and materials, as a proportion of total costs. Where the outcome cannot be estimated reliably, revenue is recognised only to the extent of the expenses recognised that are recover able.

1.4
Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Fixtures, fittings & equipment
25% straight line basis

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

1.5
Cash at bank and in hand

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

Opalcharm Limited
Notes to the Financial Statements (Continued)
For the year ended 31 March 2025
1
Accounting policies
(Continued)
Page 3
1.6
Financial instruments

The company only has basic financial instruments measured at amortised cost, with no financial instruments classified as other or basic instruments measured at fair value.

1.7
Taxation
The tax expense represents the sum of the tax currently payable.
Current tax
The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the statement of profit and loss because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.
1.8
Foreign exchange

Transactions in currencies other than pounds sterling are recorded at the rates of exchange prevailing at the dates of the transactions. At each reporting end date, monetary assets and liabilities that are denominated in foreign currencies are retranslated at the rates prevailing on the reporting end date. Gains and losses arising on translation in the period are included in profit or loss.

1.9

Financial instruments

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 entity after deducting all of its financial liabilities.

2
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

2025
2024
Number
Number
Total
1
1
Opalcharm Limited
Notes to the Financial Statements (Continued)
For the year ended 31 March 2025
Page 4
3
Tangible fixed assets
Fixtures, Fittings & Equipment
£
Cost
At 1 April 2024
89,212
Additions
691
At 31 March 2025
89,903
Depreciation and impairment
At 1 April 2024
86,625
Depreciation charged in the year
1,368
At 31 March 2025
87,993
Carrying amount
At 31 March 2025
1,910
At 31 March 2024
2,587
4
Debtors
2025
2024
Amounts falling due within one year:
£
£
Trade debtors
2,000
840
Other debtors
674,161
628,746
Prepayments and accrued income
551
-
0
676,712
629,586
5
Creditors: amounts falling due within one year
2025
2024
£
£
Trade creditors
300
717
Corporation tax
36,934
26,641
Other creditors
3,266
69,492
40,500
96,850
Opalcharm Limited
Notes to the Financial Statements (Continued)
For the year ended 31 March 2025
Page 5
6
Related party transactions

Directors' current account contains an amount owed from the director of £20,306 (202 4: owed to £69,314).

Included within other debtors is an amount due from a company with a common director, amounting to £1,972 (202 4: £1,972)

Included within other debtors is an amount due from a company with a common director, amounting to £6 40,362 (202 4: £616,578).

7
Controlling party

Mr Steve Barron is the sole director of the company and controls the company by virtue of 100% ownership of issued shares.

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