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Registration number: 07498897

Inter Orbis Limited

Annual Report and Unaudited Financial Statements

for the Year Ended 31 January 2022

 

Inter Orbis Limited

Contents

Balance Sheet

1 to 2

Notes to the Unaudited Financial Statements

3 to 5

 

Inter Orbis Limited

(Registration number: 07498897)
Balance Sheet as at 31 January 2022

Note

2022
£

2021
£

Fixed assets

 

Tangible assets

4

22,744

2,841

Current assets

 

Debtors

5

47,779

1,945

Cash at bank and in hand

 

97,537

80,005

 

145,316

81,950

Creditors: Amounts falling due within one year

6

(51,133)

(28,221)

Net current assets

 

94,183

53,729

Total assets less current liabilities

 

116,927

56,570

Provisions for liabilities

(4,321)

(540)

Net assets

 

112,606

56,030

Capital and reserves

 

Called up share capital

100

100

Profit and loss account

112,506

55,930

Shareholders' funds

 

112,606

56,030

 

Inter Orbis Limited

(Registration number: 07498897)
Balance Sheet as at 31 January 2022

For the financial year ending 31 January 2022 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime and the option not to file the Profit and Loss Account has been taken.

Approved and authorised by the Board on 18 August 2022 and signed on its behalf by:
 

.........................................

J P Collins
Director

 

Inter Orbis Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 January 2022

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
Port View House
Brimscombe Lane
Brimscombe
Gloucestershire
GL5 2RF

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

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

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the provision of services providing information technology marketing and consultancy. Turnover from consultancy services is shown net of value added tax.

Tax

The tax expense for the period comprises current tax payable and deferred tax.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.

Unrelieved tax losses and other deferred tax assets are recognised when it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

 

Inter Orbis Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 January 2022

Asset class

Depreciation method and rate

Fixtures, fittings & equipment

3 years

Motor vehicles

5 years

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 2 (2021 - 2).

 

Inter Orbis Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 January 2022

4

Tangible assets

Fixtures and fittings
£

Motor vehicles
 £

Total
£

Cost or valuation

At 1 February 2021

12,105

-

12,105

Additions

3,357

22,249

25,606

Disposals

(2,078)

-

(2,078)

At 31 January 2022

13,384

22,249

35,633

Depreciation

At 1 February 2021

9,264

-

9,264

Charge for the year

2,199

3,337

5,536

Eliminated on disposal

(1,911)

-

(1,911)

At 31 January 2022

9,552

3,337

12,889

Carrying amount

At 31 January 2022

3,832

18,912

22,744

At 31 January 2021

2,841

-

2,841

5

Debtors

2022
£

2021
£

Trade debtors

47,707

1,900

Other debtors

72

45

47,779

1,945

6

Creditors

Creditors: amounts falling due within one year

2022
£

2021
£

Due within one year

Taxation and social security

17,815

13,896

Other creditors

33,318

14,325

51,133

28,221