REGISTERED NUMBER: 05308537 (England and Wales)

Unaudited Financial Statements

for the Year Ended 30 April 2025

for

Opal Elevators Limited

Page

Company Information

1

Statement of Financial Position

2

Notes to the Financial Statements

4

Chartered Accountants' Report

8

DIRECTORS:

A J Gaunt

N Burton

SECRETARY:

Mrs J M Gaunt

REGISTERED OFFICE:

Unit 3

Worth Enterprise Park

Valley Road

Keighley

West Yorkshire

BD21 4LN

REGISTERED NUMBER:

05308537 (England and Wales)

ACCOUNTANTS:

Stirk Lambert & Co

Chartered Accountants

Russell Chambers

61a North Street

Keighley

West Yorkshire

BD21 3DS

FIXED ASSETS

Tangible assets

5

375,739

319,319

CURRENT ASSETS

Stocks

9,774

13,370

Debtors

6

155,549

108,380

Cash at bank and in hand

168,361

100,806

333,684

222,556

CREDITORS

Amounts falling due within one year

7

424,706

203,446

NET CURRENT (LIABILITIES)/ASSETS

(91,022

)

19,110

TOTAL ASSETS LESS CURRENT LIABILITIES

284,717

338,429

CREDITORS

Amounts falling due after more than one year

8

(160,551

)

(168,160

)

PROVISIONS FOR LIABILITIES

(26,201

)

(10,675

)

NET ASSETS

97,965

159,594

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

97,865

159,494

SHAREHOLDERS' FUNDS

97,965

159,594

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 2025 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a)	ensuring that the company keeps 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 Sections 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.

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

In accordance with Section 444 of the Companies Act 2006, the Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 14 October 2025 and were signed on its behalf by:

A J Gaunt - Director

1.	STATUTORY INFORMATION

Opal Elevators Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2.	STATEMENT OF COMPLIANCE

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006.

3.	ACCOUNTING POLICIES

Basis of preparing the financial statements

The financial statements have been prepared under the historical cost convention.

Turnover

Turnover represents the amount received or receivable for goods and services provided to customers, excluding VAT.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Freehold property

-

2% on cost

Plant and machinery

-

25% on cost

Fixtures and fittings

-

20% on reducing balance

Motor vehicles

-

25% on cost

Computer equipment

-

25% on cost

Stocks

Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

Financial instruments

Financial assets

Basic financial assets, including trade and other receivables, are initially recognised at transaction price, 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 for a similar asset. Such assets are subsequently carried at amortised cost using the effective interest method.

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 and any subsequent reversal is recognised in the profit and loss.

Financial assets are derecognised when (a) the contractual rights to the cash flows from the asset expire or are settled. or (b) substantially all the risks and rewards of the ownership of the asset are transferred to another party or (c) control of the asset has been transferred to another party who has the practical ability to unilaterally sell the asset to an unrelated party without imposing additional restrictions.

Financial liabilities

Basic financial liabilities, including trade and other payables and bank loans, are initially recognised at transaction price, unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future receipts discounted at a market rate of interest for a similar debt instrument.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

Financial liabilities are derecognised when the liability is extinguished, that is when the contractual obligation is discharged, cancelled or expires.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the statement of financial position date.

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.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

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.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

4.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 8 (2024 - 8 ) .

5.	TANGIBLE FIXED ASSETS

Fixtures

Freehold

Plant and

and

property

machinery

fittings

£

£

£

COST

At 1 May 2024

284,171

19,684

4,368

Additions

-

3,250

-

Disposals

-

-

-

At 30 April 2025

284,171

22,934

4,368

DEPRECIATION

At 1 May 2024

7,552

18,119

2,586

Charge for year

5,683

1,559

356

Eliminated on disposal

-

-

-

At 30 April 2025

13,235

19,678

2,942

NET BOOK VALUE

At 30 April 2025

270,936

3,256

1,426

At 30 April 2024

276,619

1,565

1,782

Motor

Computer

vehicles

equipment

Totals

£

£

£

COST

At 1 May 2024

107,319

11,658

427,200

Additions

96,327

2,279

101,856

Disposals

(27,500

)

-

(27,500

)

At 30 April 2025

176,146

13,937

501,556

DEPRECIATION

At 1 May 2024

69,070

10,554

107,881

Charge for year

36,831

1,007

45,436

Eliminated on disposal

(27,500

)

-

(27,500

)

At 30 April 2025

78,401

11,561

125,817

NET BOOK VALUE

At 30 April 2025

97,745

2,376

375,739

At 30 April 2024

38,249

1,104

319,319

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.4.25

30.4.24

£

£

Trade debtors

141,452

96,273

VAT

17

-

Prepayments

14,080

12,107

155,549

108,380

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.4.25

30.4.24

£

£

Bank loans and overdrafts

7,330

6,735

Trade creditors

144,142

41,617

Tax

2,799

32,070

Social security and other taxes

8,642

6,725

Other creditors

27,815

19,611

Accruals & deferred income

233,978

96,688

424,706

203,446

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

30.4.25

30.4.24

£

£

Bank loans - 1-2 years

7,939

7,294

Bank loans - 2-5 years

27,993

25,718

Bank loans more 5 yr by instal

124,619

135,148

160,551

168,160

Amounts falling due in more than five years:

Repayable by instalments

Bank loans more 5 yr by instal

124,619

135,148

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Statement of Financial Position. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Opal Elevators Limited for the year ended 30 April 2025 which comprise the Statement of Income and Retained Earnings, Statement of Financial Position and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of Opal Elevators Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Opal Elevators Limited and state those matters that we have agreed to state to the Board of Directors of Opal Elevators Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Opal Elevators Limited and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Opal Elevators Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Opal Elevators Limited. You consider that Opal Elevators Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Opal Elevators Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

Stirk Lambert & Co

Chartered Accountants

Russell Chambers

61a North Street

Keighley

West Yorkshire

BD21 3DS

14 October 2025