Opulent Services Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 10109125 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 March 2020

for

Opulent Services Limited

Page

Company Information

1

Statement of Financial Position

2

Notes to the Financial Statements

4

DIRECTORS:

Mr Manharlal Ramji Shah

Mr Christopher John Hutton

REGISTERED OFFICE:

Devonshire House

582 Honeypot Lane

Stanmore

MIDDLESEX

HA7 1JS

REGISTERED NUMBER:

10109125 (England and Wales)

ACCOUNTANTS:

Capitax Financial Limited

Devonshire House

582 Honeypot Lane

Stanmore

MIDDLESEX

HA7 1JS

FIXED ASSETS

Tangible assets

4

1,330

2,660

CURRENT ASSETS

Debtors

5

1,736

9,398

Cash at bank

1,490

4,275

3,226

13,673

CREDITORS

Amounts falling due within one year

6

27,294

18,738

NET CURRENT LIABILITIES

(24,068

)

(5,065

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(22,738

)

(2,405

)

PROVISIONS FOR LIABILITIES

253

505

NET LIABILITIES

(22,991

)

(2,910

)

CAPITAL AND RESERVES

Called up share capital

1,000

1,000

Retained earnings

(23,991

)

(3,910

)

SHAREHOLDERS' FUNDS

(22,991

)

(2,910

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2020.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2020 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 20 May 2020 and were signed on its behalf by:

Mr Manharlal Ramji Shah - Director

Mr Christopher John Hutton - Director

1.	STATUTORY INFORMATION

Opulent Services 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.	ACCOUNTING POLICIES

Basis of preparing the financial statements

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

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax

and other sales taxes.

Tangible fixed assets

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

Plant and machinery etc

-

20% on cost

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2019 - 4 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 April 2019

and 31 March 2020

6,650

DEPRECIATION

At 1 April 2019

3,990

Charge for year

1,330

At 31 March 2020

5,320

NET BOOK VALUE

At 31 March 2020

1,330

At 31 March 2019

2,660

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.20

31.3.19

£

£

Trade debtors

1,736

9,398

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.20

31.3.19

£

£

Trade creditors

(77

)

-

Taxation and social security

2,346

6,743

Other creditors

25,025

11,995

27,294

18,738

7.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

During the period ended 31 March 2020, Opulent Services Ltd owed £14,025 to its Directors. This amount is reflected in the

director`s loan accounts in credit balances, which is shown under creditors due within one year. Please be advised that the

director has agreed to provide this loan on an interest free basis and the loan is repayable on demand.