Opulent Home Improvements Limited

Unaudited Financial Statements
for the year ended 31 July 2025

Company registration number 14260487

(England and Wales)

Statement of Financial Position

As at 31 July 2025

2025

2024

£

Fixed assets

611

816

Current assets

59,469

23,364

Creditors amounts falling due within one year

(41,449)

(17,611)

Net current assets (liabilities)

18,020

5,753

Total assets less current liabilities

18,631

6,569

Accruals and deferred income

(1,125)

(700)

Net assets (liabilities)

17,506

5,869

Capital and reserves

17,506

5,869

Notes to the Financial Statements

1. Employees

The average number of employees during the year was 1 (2024: 1).

2. Directors advances, credits and guarantees

Director

Brought forward

Amounts advanced

Amounts repaid

Carried forward

£

Parkes, Matthew

16,670

40,695

(12,903)

44,462

Total

16,670

40,695

(12,903)

44,462

The loan is unsecured, interest free and repayable on demand.

Since the year end the director has made further drawings and the loan balance has increased.

3. Contingent liabilities

The company did not operate the Construction Industry Scheme on certain payments to subcontractors up to 31 July 2025. The position is being investigated. Any amount payable depends on the subcontractors' own tax positions and is estimated at up to £23,288. No provision has been made as the amount is uncertain. Penalties and interest on late VAT, PAYE, CIS and corporation tax filings may also arise and cannot yet be quantified.

The tax treatment of a vehicle used by the director, including any taxable benefit for private use, is under review, and further tax may arise.

4. Prior period adjustment

The comparative figures for the year ended 31 July 2024 have been restated to correct errors in the previously filed accounts, including the recognition of amounts owed by the director, VAT, corporation tax and other liabilities. Net assets at 31 July 2024 were previously reported as £593 and are restated as £5,869.

The company is a private company limited by shares and registered in England and Wales. It 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 in accordance with section 476 of the Companies Act 2006.

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

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

The financial statements were approved and authorised for issue by the director on 30 October 2026 and are signed on its behalf by: