Opulent Services Limited - Accounts to registrar (filleted) - small 18.1

Opulent Services Limited - Accounts to registrar (filleted) - small 18.1


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REGISTERED NUMBER: 10109125 (England and Wales)















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: 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

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 3,990 5,320

CURRENT ASSETS
Debtors 5 - 6,410
Cash at bank 27,871 8,006
27,871 14,416
CREDITORS
Amounts falling due within one year 6 22,347 16,512
NET CURRENT ASSETS/(LIABILITIES) 5,524 (2,096 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

9,514

3,224

PROVISIONS FOR LIABILITIES 7 758 1,010
NET ASSETS 8,756 2,214

CAPITAL AND RESERVES
Called up share capital 1,000 1,000
Retained earnings 7,756 1,214
SHAREHOLDERS' FUNDS 8,756 2,214

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2018.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2018 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 of Part 15 of the Companies Act 2006 relating to small companies.

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 16 April 2018 and were signed on its behalf by:




Mr Manharlal Ramji Shah - Director


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 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 the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" 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 (2017 - 2 ) .

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 6,650
DEPRECIATION
At 1 April 2017 1,330
Charge for year 1,330
At 31 March 2018 2,660
NET BOOK VALUE
At 31 March 2018 3,990
At 31 March 2017 5,320

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.18 31.3.17
£    £   
Trade debtors - 6,410

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.18 31.3.17
£    £   
Trade creditors 1,601 494
Taxation and social security 9,292 4,484
Other creditors 11,454 11,534
22,347 16,512

7. PROVISIONS FOR LIABILITIES
31.3.18 31.3.17
£    £   
Deferred tax 758 1,010

Deferred
tax
£   
Balance at 1 April 2017 1,010
Accelerated Capital Allowances (252 )
Balance at 31 March 2018 758

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.