Company Registration No. 13831403 (England and Wales)
ORBITAL EVOLUTION LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 JANUARY 2023
PAGES FOR FILING WITH REGISTRAR
ORBITAL EVOLUTION LIMITED
COMPANY INFORMATION
Directors
Mr D Ball
(Appointed 6 January 2022)
Mr G A Seed
(Appointed 6 January 2022)
Secretary
Mr D Ball
Company number
13831403
Registered office
The Oakley
Kidderminster Road
Droitwich
Worcestershire
WR9 9AY
Accountants
Ormerod Rutter Limited
The Oakley
Kidderminster Road
Droitwich
Worcestershire
WR9 9AY
Bankers
HSBC UK Bank Plc
54 Clarence Street
Kingston-upon-Thames
Surrey
KT1 1NP
ORBITAL EVOLUTION LIMITED
CONTENTS
Page
Accountants' report
1
Balance sheet
2
Notes to the financial statements
3 - 5
ORBITAL EVOLUTION LIMITED
ACCOUNTANTS' REPORT TO THE BOARD OF DIRECTORS ON THE PREPARATION OF THE UNAUDITED STATUTORY FINANCIAL STATEMENTS OF ORBITAL EVOLUTION LIMITED FOR THE PERIOD ENDED 31 JANUARY 2023
- 1 -

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Orbital Evolution Limited for the period ended 31 January 2023 which comprise, the balance sheet 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 at http://www.icaew.com/en/members/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of Orbital Evolution 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 Orbital Evolution Limited and state those matters that we have agreed to state to the Board of Directors of Orbital Evolution Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16 AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Orbital Evolution Limited and its Board of Directors as a body, for our work or for this report.

It is your duty to ensure that Orbital Evolution 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 Orbital Evolution Limited. You consider that Orbital Evolution Limited is exempt from the statutory audit requirement for the period.

We have not been instructed to carry out an audit or a review of the financial statements of Orbital Evolution 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.

Ormerod Rutter Limited
12 September 2023
Chartered Accountants
The Oakley
Kidderminster Road
Droitwich
Worcestershire
WR9 9AY
ORBITAL EVOLUTION LIMITED
BALANCE SHEET
AS AT 31 JANUARY 2023
31 January 2023
- 2 -
2023
Notes
£
£
Fixed assets
Intangible assets
3
19,600
Current assets
Debtors
4
6,157
Cash at bank and in hand
9,231
15,388
Creditors: amounts falling due within one year
5
(33,055)
Net current liabilities
(17,667)
Total assets less current liabilities
1,933
Capital and reserves
Called up share capital
6
2
Profit and loss reserves
1,931
Total equity
1,933

The directors of the company have elected not to include a copy of the profit and loss account within the financial statements.true

For the financial period ended 31 January 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

T he members have not required the company to obtain an audit of its financial statements for the period in question in accordance with section 476.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The financial statements were approved by the board of directors and authorised for issue on 12 September 2023 and are signed on its behalf by:
Mr D Ball
Director
Company Registration No. 13831403
ORBITAL EVOLUTION LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 JANUARY 2023
- 3 -
1
Accounting policies
Company information

Orbital Evolution Limited is a private company limited by shares incorporated in England and Wales. The registered office is The Oakley, Kidderminster Road, Droitwich, Worcestershire, WR9 9AY.

1.1
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

1.2
Intangible fixed assets other than goodwill

Intangible assets acquired separately from a business are recognised at cost and are subsequently measured at cost less accumulated amortisation and accumulated impairment losses.

Intangible assets acquired on business combinations are recognised separately from goodwill at the acquisition date where it is probable that the expected future economic benefits that are attributable to the asset will flow to the entity and the fair value of the asset can be measured reliably; the intangible asset arises from contractual or other legal rights; and the intangible asset is separable from the entity.

Amortisation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Software development
not provided
1.3
Taxation

The tax expense represents the sum of the tax currently payable and deferred tax.

Current tax

The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss account because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The company’s liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.

Deferred tax

Deferred tax liabilities are generally recognised for all timing differences and deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Such assets and liabilities are not recognised if the timing difference arises from goodwill or from the initial recognition of other assets and liabilities in a transaction that affects neither the tax profit nor the accounting profit.

The carrying amount of deferred tax assets is reviewed at each reporting end date and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered. Deferred tax is calculated at the tax rates that are expected to apply in the period when the liability is settled or the asset is realised. Deferred tax is charged or credited in the profit and loss account, except when it relates to items charged or credited directly to equity, in which case the deferred tax is also dealt with in equity. Deferred tax assets and liabilities are offset when the company has a legally enforceable right to offset current tax assets and liabilities and the deferred tax assets and liabilities relate to taxes levied by the same tax authority.

ORBITAL EVOLUTION LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE PERIOD ENDED 31 JANUARY 2023
- 4 -
2
Employees

The average monthly number of persons (including directors) employed by the company during the period was 2.

3
Intangible fixed assets
Software development
£
Cost
At 6 January 2022
-
0
Additions - separately acquired
19,600
At 31 January 2023
19,600
Amortisation and impairment
At 6 January 2022 and 31 January 2023
-
0
Carrying amount
At 31 January 2023
19,600
4
Debtors
2023
Amounts falling due within one year:
£
Other debtors
2,058
Deferred tax asset
4,099
6,157
5
Creditors: amounts falling due within one year
2023
£
Amounts owed to group undertakings
31,998
Other creditors
1,057
33,055
ORBITAL EVOLUTION LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE PERIOD ENDED 31 JANUARY 2023
- 5 -
6
Called up share capital
2023
£
Ordinary share capital
Issued and fully paid
1 Ordinary A of £1 each
1
1 Ordinary B of £1 each
1
2

The following shares were allotted and fully paid for cash at par during the period:

1 Ordinary A share of £1 each

1 Ordinary B share of £1 each

7
Related party transactions

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.

8
Ultimate controlling party

There is no ultimate controlling party.

9
Comparatives

This is the company's first period of trade, therefore there are no comparatives.

2023-01-31 2022-01-06 false 12 September 2023 CCH Software CCH Accounts Production 2023.200 No description of principal activity Mr G A Seed Mr G A Seed Mr D Ball 13831403 2022-01-06 2023-01-31 13831403 bus:CompanySecretaryDirector1 2022-01-06 2023-01-31 13831403 bus:Director1 2022-01-06 2023-01-31 13831403 bus:CompanySecretary1 2022-01-06 2023-01-31 13831403 bus:Director2 2022-01-06 2023-01-31 13831403 bus:RegisteredOffice 2022-01-06 2023-01-31 13831403 bus:Agent1 2022-01-06 2023-01-31 13831403 2023-01-31 13831403 core:ComputerSoftware 2023-01-31 13831403 core:CurrentFinancialInstruments core:WithinOneYear 2023-01-31 13831403 core:CurrentFinancialInstruments 2023-01-31 13831403 core:ShareCapital 2023-01-31 13831403 core:RetainedEarningsAccumulatedLosses 2023-01-31 13831403 core:ShareCapitalOrdinaryShares 2023-01-31 13831403 core:IntangibleAssetsOtherThanGoodwill 2022-01-06 2023-01-31 13831403 core:ComputerSoftware 2022-01-05 13831403 core:ComputerSoftware core:ExternallyAcquiredIntangibleAssets 2022-01-06 2023-01-31 13831403 bus:OrdinaryShareClass1 2022-01-06 2023-01-31 13831403 bus:OrdinaryShareClass2 2022-01-06 2023-01-31 13831403 bus:OrdinaryShareClass1 2023-01-31 13831403 bus:OrdinaryShareClass2 2023-01-31 13831403 bus:PrivateLimitedCompanyLtd 2022-01-06 2023-01-31 13831403 bus:SmallCompaniesRegimeForAccounts 2022-01-06 2023-01-31 13831403 bus:FRS102 2022-01-06 2023-01-31 13831403 bus:AuditExemptWithAccountantsReport 2022-01-06 2023-01-31 13831403 bus:FullAccounts 2022-01-06 2023-01-31 xbrli:pure xbrli:shares iso4217:GBP