Opulent Services Limited - Accounts to registrar (filleted) - small 18.1
Opulent Services Limited - Accounts to registrar (filleted) - small 18.1
REGISTERED NUMBER: |
Unaudited Financial Statements for the Year Ended 31 March 2018 |
for |
Opulent Services Limited |
Opulent Services Limited (Registered number: 10109125) |
Contents of the Financial Statements |
for the Year Ended 31 March 2018 |
Page |
Company Information | 1 |
Statement of Financial Position | 2 |
Notes to the Financial Statements | 3 |
Opulent Services Limited |
Company Information |
for the Year Ended 31 March 2018 |
DIRECTORS: |
REGISTERED OFFICE: |
REGISTERED NUMBER: |
ACCOUNTANTS: |
Devonshire House |
582 Honeypot Lane |
Stanmore |
Middlesex |
HA7 1JS |
Opulent Services Limited (Registered number: 10109125) |
Statement of Financial Position |
31 March 2018 |
31.3.18 | 31.3.17 |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Tangible assets | 4 |
CURRENT ASSETS |
Debtors | 5 |
Cash at bank |
CREDITORS |
Amounts falling due within one year | 6 |
NET CURRENT ASSETS/(LIABILITIES) | ( |
) |
TOTAL ASSETS LESS CURRENT LIABILITIES |
PROVISIONS FOR LIABILITIES | 7 |
NET ASSETS |
CAPITAL AND RESERVES |
Called up share capital |
Retained earnings |
SHAREHOLDERS' FUNDS |
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. |
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 on |
Opulent Services Limited (Registered number: 10109125) |
Notes to the Financial Statements |
for the Year Ended 31 March 2018 |
1. | STATUTORY INFORMATION |
Opulent Services Limited is a |
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 |
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 |
Plant and machinery etc | - |
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 |
Opulent Services Limited (Registered number: 10109125) |
Notes to the Financial Statements - continued |
for the Year Ended 31 March 2018 |
4. | TANGIBLE FIXED ASSETS |
Motor |
vehicles |
£ |
COST |
At 1 April 2017 |
and 31 March 2018 |
DEPRECIATION |
At 1 April 2017 |
Charge for year |
At 31 March 2018 |
NET BOOK VALUE |
At 31 March 2018 |
At 31 March 2017 |
5. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
31.3.18 | 31.3.17 |
£ | £ |
Trade debtors |
6. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
31.3.18 | 31.3.17 |
£ | £ |
Trade creditors |
Taxation and social security |
Other creditors |
7. | PROVISIONS FOR LIABILITIES |
31.3.18 | 31.3.17 |
£ | £ |
Deferred tax | 758 | 1,010 |
Deferred |
tax |
£ |
Balance at 1 April 2017 |
Accelerated Capital Allowances | (252 | ) |
Balance at 31 March 2018 |
8. | DIRECTORS' ADVANCES, CREDITS AND GUARANTEES |
During the period ended 31 March 2018, Opulent Services Ltd owed £544 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. |
Opulent Services Limited (Registered number: 10109125) |
Notes to the Financial Statements - continued |
for the Year Ended 31 March 2018 |
9. | RELATED PARTY DISCLOSURES |
During the period ended 31 March 2018, Opulent Services Ltd borrowed a short-term loan amount from the |
associated company, Platehome Ltd of £11,000. The loan was provided on an interest free basis and is repayable |
on demand. This amount is shown in the other creditors' account, which is shown under creditors: amounts |
falling due within one year. |
During the period ended 31 March 2018, Opulent Service Ltd provided its services to one of its Directors for the |
total amount of £18,515.19. As at 31 March 2018, there was nil outstanding balance due form the director. |
Please note that the transaction was made on terms equivalent to those that prevail in arm's length transactions. |