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REGISTERED NUMBER: 11877372 (England and Wales)







Unaudited Financial Statements

for the Year Ended 31 March 2023

for

Orbit 21 Consulting Limited

Orbit 21 Consulting Limited (Registered number: 11877372)






Contents of the Financial Statements
for the Year Ended 31 March 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Orbit 21 Consulting Limited

Company Information
for the Year Ended 31 March 2023







DIRECTORS: Mr I Graves
Mrs L Graves





REGISTERED OFFICE: 44 Goring Road
Steyning
BN44 3GF





REGISTERED NUMBER: 11877372 (England and Wales)





ACCOUNTANTS: DSCO
The Tower
The Maltings
Hoe Lane
Ware
Hertfordshire
SG12 9LR

Orbit 21 Consulting Limited (Registered number: 11877372)

Balance Sheet
31 March 2023

31.3.23 31.3.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 1,013 1,046

CURRENT ASSETS
Debtors 5 19,600 18,279
Cash at bank 93,554 85,510
113,154 103,789
CREDITORS
Amounts falling due within one year 6 37,200 55,137
NET CURRENT ASSETS 75,954 48,652
TOTAL ASSETS LESS CURRENT
LIABILITIES

76,967

49,698

PROVISIONS FOR LIABILITIES 8 192 -
NET ASSETS 76,775 49,698

CAPITAL AND RESERVES
Called up share capital 9 100 100
Retained earnings 10 76,675 49,598
SHAREHOLDERS' FUNDS 76,775 49,698

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2023 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.

Orbit 21 Consulting Limited (Registered number: 11877372)

Balance Sheet - continued
31 March 2023


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 9 October 2023 and were signed on its behalf by:





Mr I Graves - Director


Orbit 21 Consulting Limited (Registered number: 11877372)

Notes to the Financial Statements
for the Year Ended 31 March 2023

1. STATUTORY INFORMATION

Orbit 21 Consulting 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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 20% on reducing balance
Computer equipment - 20% on reducing balance

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 1 (2022 - 1 ) .

Orbit 21 Consulting Limited (Registered number: 11877372)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2023

4. TANGIBLE FIXED ASSETS
Fixtures
and Computer
fittings equipment Totals
£    £    £   
COST
At 1 April 2022 680 1,236 1,916
Additions 255 439 694
Disposals - (876 ) (876 )
At 31 March 2023 935 799 1,734
DEPRECIATION
At 1 April 2022 291 579 870
Charge for year 129 125 254
Eliminated on disposal - (403 ) (403 )
At 31 March 2023 420 301 721
NET BOOK VALUE
At 31 March 2023 515 498 1,013
At 31 March 2022 389 657 1,046

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.23 31.3.22
£    £   
Trade debtors 18,468 17,145
Prepayments and accrued income 1,132 1,134
19,600 18,279

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.23 31.3.22
£    £   
Trade creditors - 135
Tax 22,624 25,321
VAT 9,838 12,566
Directors' current accounts 1,923 14,608
Accruals and deferred income 2,815 2,507
37,200 55,137

Orbit 21 Consulting Limited (Registered number: 11877372)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2023

7. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
31.3.23 31.3.22
£    £   
Within one year 6,355 6,933
Between one and five years 11,121 17,912
17,476 24,845

8. PROVISIONS FOR LIABILITIES
31.3.23 31.3.22
£    £   
Deferred tax 192 -

Deferred
tax
£   
Accelerated Capital Allowance 192
Balance at 31 March 2023 192

9. CALLED UP SHARE CAPITAL


Allotted, issued and fully paid:
Number: Class: Nominal 31.3.23 31.3.22
value: £    £   
100 Ordinary £1 100 100

10. RESERVES
Retained
earnings
£   

At 1 April 2022 49,598
Profit for the year 92,077
Dividends (65,000 )
At 31 March 2023 76,675

11. RELATED PARTY DISCLOSURES

During the year, total dividends of £65,000 (2022 - £76,000) were paid to the directors .

12. ULTIMATE CONTROLLING PARTY

The controlling party is Mr I Graves.