IRIS Accounts Production v18.3.0.592 02282949 director 1.10.17 30.9.18 30.9.18 false true false false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pure022829492017-09-30022829492018-09-30022829492017-10-012018-09-30022829492016-09-30022829492016-10-012017-09-30022829492017-09-3002282949ns15:EnglandWales2017-10-012018-09-3002282949ns14:PoundSterling2017-10-012018-09-3002282949ns10:Director12017-10-012018-09-3002282949ns10:PrivateLimitedCompanyLtd2017-10-012018-09-3002282949ns10:SmallEntities2017-10-012018-09-3002282949ns10:AuditExempt-NoAccountantsReport2017-10-012018-09-3002282949ns10:SmallCompaniesRegimeForDirectorsReport2017-10-012018-09-3002282949ns10:SmallCompaniesRegimeForAccounts2017-10-012018-09-3002282949ns10:FullAccounts2017-10-012018-09-300228294912017-10-012018-09-3002282949ns10:CompanySecretary12017-10-012018-09-3002282949ns10:RegisteredOffice2017-10-012018-09-3002282949ns5:CurrentFinancialInstruments2018-09-3002282949ns5:CurrentFinancialInstruments2017-09-3002282949ns5:Non-currentFinancialInstruments2018-09-3002282949ns5:Non-currentFinancialInstruments2017-09-3002282949ns5:ShareCapital2018-09-3002282949ns5:ShareCapital2017-09-3002282949ns5:RetainedEarningsAccumulatedLosses2018-09-3002282949ns5:RetainedEarningsAccumulatedLosses2017-09-3002282949ns5:NetGoodwill2017-10-012018-09-3002282949ns5:IntangibleAssetsOtherThanGoodwill2017-10-012018-09-3002282949ns5:PlantMachinery2017-10-012018-09-3002282949ns5:NetGoodwill2017-09-3002282949ns5:NetGoodwill2018-09-3002282949ns5:NetGoodwill2017-09-3002282949ns5:LandBuildings2017-09-3002282949ns5:PlantMachinery2017-09-3002282949ns5:LandBuildings2017-10-012018-09-3002282949ns5:LandBuildings2018-09-3002282949ns5:PlantMachinery2018-09-3002282949ns5:LandBuildings2017-09-3002282949ns5:PlantMachinery2017-09-3002282949ns5:CurrentFinancialInstrumentsns5:WithinOneYear2018-09-3002282949ns5:CurrentFinancialInstrumentsns5:WithinOneYear2017-09-30


REGISTERED NUMBER: 02282949 (England and Wales)















Unaudited Financial Statements for the Year Ended 30 September 2018

for

Orpheus Corporation Limited

Orpheus Corporation Limited (Registered number: 02282949)






Contents of the Financial Statements
for the Year Ended 30 September 2018




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Orpheus Corporation Limited

Company Information
for the Year Ended 30 September 2018







DIRECTOR: M J Wilcox





SECRETARY: Mrs R L Wilcox





REGISTERED OFFICE: 141 Englishcombe Lane
Bath
BA2 2EL





REGISTERED NUMBER: 02282949 (England and Wales)






Orpheus Corporation Limited (Registered number: 02282949)

Balance Sheet
30 September 2018

30.9.18 30.9.17
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 79,701 79,983
79,701 79,983

CURRENT ASSETS
Stocks 115,000 106,000
Debtors 6 249,237 226,737
Cash at bank 45,470 62,666
409,707 395,403
CREDITORS
Amounts falling due within one year 7 131,076 145,556
NET CURRENT ASSETS 278,631 249,847
TOTAL ASSETS LESS CURRENT
LIABILITIES

358,332

329,830

CREDITORS
Amounts falling due after more than one year 8 (48,182 ) (67,557 )

PROVISIONS FOR LIABILITIES (2,945 ) (3,040 )
NET ASSETS 307,205 259,233

CAPITAL AND RESERVES
Called up share capital 500 500
Retained earnings 306,705 258,733
SHAREHOLDERS' FUNDS 307,205 259,233

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2018.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 2018 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 director on 13 November 2018 and were signed by:




M J Wilcox - Director


Orpheus Corporation Limited (Registered number: 02282949)

Notes to the Financial Statements
for the Year Ended 30 September 2018

1. STATUTORY INFORMATION

Orpheus Corporation 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.

Goodwill
Goodwill, being amounts paid in connection with the acquisition of businesses in 2009 and 2014 has been amortised in full.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any
accumulated amortisation and any accumulated impairment losses.

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 - 15% on reducing balance

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.

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 balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet 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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 17 (2017 - 16 ) .

Orpheus Corporation Limited (Registered number: 02282949)

Notes to the Financial Statements - continued
for the Year Ended 30 September 2018

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 October 2017
and 30 September 2018 201,206
AMORTISATION
At 1 October 2017
and 30 September 2018 201,206
NET BOOK VALUE
At 30 September 2018 -
At 30 September 2017 -

5. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 October 2017 63,331 45,940 109,271
Additions - 2,608 2,608
At 30 September 2018 63,331 48,548 111,879
DEPRECIATION
At 1 October 2017 - 29,288 29,288
Charge for year - 2,890 2,890
At 30 September 2018 - 32,178 32,178
NET BOOK VALUE
At 30 September 2018 63,331 16,370 79,701
At 30 September 2017 63,331 16,652 79,983

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.9.18 30.9.17
£    £   
Trade debtors 109,332 93,875
Amounts owed by participating interests 129,988 117,288
Other debtors 9,917 15,574
249,237 226,737

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.9.18 30.9.17
£    £   
Bank loans and overdrafts 15,000 10,200
Hire purchase contracts 37 33
Trade creditors 16,767 26,286
Taxation and social security 83,094 91,414
Other creditors 16,178 17,623
131,076 145,556

Orpheus Corporation Limited (Registered number: 02282949)

Notes to the Financial Statements - continued
for the Year Ended 30 September 2018

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
30.9.18 30.9.17
£    £   
Bank loans 48,182 67,557

9. ULTIMATE CONTROLLING PARTY

The controlling party is M J Wilcox.