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REGISTERED NUMBER: 04807044 (England and Wales)








UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2021

FOR

ORIEL COLLECTIONS LIMITED

ORIEL COLLECTIONS LIMITED (REGISTERED NUMBER: 04807044)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 December 2021




Page

Company information 1

Balance sheet 2

Notes to the financial statements 4

Chartered accountants' report 7

ORIEL COLLECTIONS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 December 2021







DIRECTORS: Mrs C A Jackson
C R Vicary





SECRETARY: Mrs C A Jackson





REGISTERED OFFICE: 3 Manchester Park
Tewkesbury Road
Cheltenham
Gloucestershire
GL51 9EJ





REGISTERED NUMBER: 04807044 (England and Wales)





ACCOUNTANTS: Mitchell Glanville Limited
41 Rodney Road
Cheltenham
Gloucestershire
GL50 1HX

ORIEL COLLECTIONS LIMITED (REGISTERED NUMBER: 04807044)

BALANCE SHEET
31 December 2021

2021 2020
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 25,600 28,800
Tangible assets 5 80,939 79,228
Investments 6 1,000 1,000
107,539 109,028

CURRENT ASSETS
Debtors 7 639,695 819,705
Cash at bank and in hand 2,755 6,581
642,450 826,286
CREDITORS
Amounts falling due within one year 8 275,456 455,189
NET CURRENT ASSETS 366,994 371,097
TOTAL ASSETS LESS CURRENT
LIABILITIES

474,533

480,125

PROVISIONS FOR LIABILITIES 18,615 13,552
NET ASSETS 455,918 466,573

CAPITAL AND RESERVES
Called up share capital 1,000 1,000
Retained earnings 454,918 465,573
SHAREHOLDERS' FUNDS 455,918 466,573

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2021.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2021 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.

ORIEL COLLECTIONS LIMITED (REGISTERED NUMBER: 04807044)

BALANCE SHEET - continued
31 December 2021


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 23 August 2022 and were signed on its behalf by:




Mrs C A Jackson - Director



C R Vicary - Director


ORIEL COLLECTIONS LIMITED (REGISTERED NUMBER: 04807044)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 December 2021

1. STATUTORY INFORMATION

Oriel Collections 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.

GOODWILL
Goodwill, being the amount paid in connection with the acquisition of a business in 0, is being amortised evenly over its estimated useful life of nil years.

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.
Telecoms equipment - 20% on cost
Fixtures and fittings - 10% on cost
Computer equipment - 25% on cost

INVESTMENTS IN SUBSIDIARIES
Investments in subsidiary undertakings are recognised at 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 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.

HIRE PURCHASE AND LEASING COMMITMENTS
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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 38 (2020 - 42 ) .

ORIEL COLLECTIONS LIMITED (REGISTERED NUMBER: 04807044)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 December 2021

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 January 2021
and 31 December 2021 32,000
AMORTISATION
At 1 January 2021 3,200
Charge for year 3,200
At 31 December 2021 6,400
NET BOOK VALUE
At 31 December 2021 25,600
At 31 December 2020 28,800

5. TANGIBLE FIXED ASSETS
Fixtures
Telecoms and Computer
equipment fittings equipment Totals
£    £    £    £   
COST
At 1 January 2021 15,608 75,820 374,071 465,499
Additions - 6,220 32,536 38,756
At 31 December 2021 15,608 82,040 406,607 504,255
DEPRECIATION
At 1 January 2021 14,238 68,640 303,393 386,271
Charge for year 726 4,035 32,284 37,045
At 31 December 2021 14,964 72,675 335,677 423,316
NET BOOK VALUE
At 31 December 2021 644 9,365 70,930 80,939
At 31 December 2020 1,370 7,180 70,678 79,228

6. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£   
COST
At 1 January 2021
and 31 December 2021 1,000
NET BOOK VALUE
At 31 December 2021 1,000
At 31 December 2020 1,000

ORIEL COLLECTIONS LIMITED (REGISTERED NUMBER: 04807044)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 December 2021

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2021 2020
£    £   
Trade debtors 261,815 243,322
Amounts owed by group undertakings 292,239 418,052
Other debtors 85,641 158,331
639,695 819,705

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2021 2020
£    £   
Bank loans and overdrafts 30,000 200,000
Trade creditors 73,662 49,679
Taxation and social security 109,637 153,429
Other creditors 62,157 52,081
275,456 455,189

9. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
2021 2020
£    £   
Within one year 35,000 45,593
Between one and five years 17,500 52,500
52,500 98,093

10. RELATED PARTY DISCLOSURES

The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

11. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is The Collection Group Ltd.

CHARTERED ACCOUNTANTS' REPORT TO THE BOARD OF DIRECTORS
ON THE UNAUDITED FINANCIAL STATEMENTS OF
ORIEL COLLECTIONS LIMITED

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance sheet. Readers are cautioned that the Income statement and certain other primary statements and the Report of the directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Oriel Collections Limited for the year ended 31 December 2021 which comprise the Income statement, Balance sheet, Statement of changes in equity and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of Oriel Collections Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Oriel Collections Limited and state those matters that we have agreed to state to the Board of Directors of Oriel Collections Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Oriel Collections Limited and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Oriel Collections Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Oriel Collections Limited. You consider that Oriel Collections Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Oriel Collections Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






Mitchell Glanville Limited
41 Rodney Road
Cheltenham
Gloucestershire
GL50 1HX


Date: .............................................