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REGISTERED NUMBER: 03524062 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 March 2023

for

Orion Building Engineering Services Ltd

Orion Building Engineering Services Ltd (Registered number: 03524062)






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


Orion Building Engineering Services Ltd

Company Information
for the Year Ended 31 March 2023







Directors: S Heller
S Cruger





Secretary: T Heller





Registered office: 5 Grovelands Business Centre
Boundary Way
Hemel Hempstead
Hertfordshire
HP2 7TE





Registered number: 03524062 (England and Wales)





Accountants: Pinkham Blair
Chartered Accountants
87a High Street
The Old Town
Hemel Hempstead
Hertfordshire
HP1 3AH

Orion Building Engineering Services Ltd (Registered number: 03524062)

Balance Sheet
31 March 2023

2023 2022
Notes £ £ £ £
Fixed assets
Tangible assets 4 172,905 213,072

Current assets
Stocks 1,500 141,318
Debtors 5 315,449 475,740
Cash at bank 311,178 113,515
628,127 730,573
Creditors
Amounts falling due within one year 6 316,653 421,542
Net current assets 311,474 309,031
Total assets less current liabilities 484,379 522,103

Creditors
Amounts falling due after more than
one year

7

(69,039

)

(82,933

)

Provisions for liabilities (19,914 ) (20,397 )
Net assets 395,426 418,773

Capital and reserves
Called up share capital 9 2 2
Retained earnings 395,424 418,771
Shareholders' funds 395,426 418,773

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.

Orion Building Engineering Services Ltd (Registered number: 03524062)

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 17 October 2023 and were signed on its behalf by:





S Heller - Director


Orion Building Engineering Services Ltd (Registered number: 03524062)

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

1. Statutory information

Orion Building Engineering Services Ltd 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 the cost less estimated residual value of each asset over its estimated useful life.
Land and buildings - over the unexpired term of the lease
Plant and machinery etc - 25% on reducing balance and 15% on reducing balance

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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.

Orion Building Engineering Services Ltd (Registered number: 03524062)

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

2. Accounting policies - continued

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

Rental paid under operating leases are charged to profit or loss on a straight line basis over the period of the leases.

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 30 (2022 - 22 ) .

4. Tangible fixed assets
Plant and
Land and machinery
buildings etc Totals
£ £ £
Cost
At 1 April 2022 29,347 334,654 364,001
Additions - 7,354 7,354
Disposals - (11,553 ) (11,553 )
At 31 March 2023 29,347 330,455 359,802
Depreciation
At 1 April 2022 2,203 148,726 150,929
Charge for year 2,935 43,590 46,525
Eliminated on disposal - (10,557 ) (10,557 )
At 31 March 2023 5,138 181,759 186,897
Net book value
At 31 March 2023 24,209 148,696 172,905
At 31 March 2022 27,144 185,928 213,072

Orion Building Engineering Services Ltd (Registered number: 03524062)

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

5. Debtors: amounts falling due within one year
2023 2022
£ £
Trade debtors 199,974 442,019
Other debtors 115,475 33,721
315,449 475,740

6. Creditors: amounts falling due within one year
2023 2022
£ £
Bank loans and overdrafts 9,870 9,690
Hire purchase contracts (see note 8)
4,024

24,545
Trade creditors 186,499 271,662
Taxation and social security 108,409 89,923
Other creditors 7,851 25,722
316,653 421,542

7. Creditors: amounts falling due after more than one year
2023 2022
£ £
Bank loans 25,780 35,650
Hire purchase contracts (see note 8)
43,259

47,283
69,039 82,933

8. Leasing agreements

Minimum lease payments fall due as follows:

Hire purchase contracts
2023 2022
£ £
Net obligations repayable:
Within one year 4,024 24,545
Between one and five years 43,259 47,283
47,283 71,828

Orion Building Engineering Services Ltd (Registered number: 03524062)

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

8. Leasing agreements - continued

Non-cancellable
operating leases
2023 2022
£ £
Within one year 98,000 53,644
Between one and five years 109,478 146,109
207,478 199,753

9. Called up share capital

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £ £
2 Ordinary £1 2 2