ORKNEY LORA LTD

Company Registration Number:
SC724893 (Scotland)

Unaudited statutory accounts for the year ended 31 March 2023

Period of accounts

Start date: 02 March 2022

End date: 31 March 2023

ORKNEY LORA LTD

Contents of the Financial Statements

for the Period Ended 31 March 2023

Company Information - 3
Report of the Directors - 4
Profit and Loss Account - 5
Balance sheet - 6
Additional notes - 8
Balance sheet notes - 11

ORKNEY LORA LTD

Company Information

for the Period Ended 31 March 2023




Director: Christopher Kerslake
Registered office: The School House,
North Ronaldsay
Hollandstoun
Orkney
GBR
KW17 2BE
Company Registration Number: SC724893 (Scotland)

ORKNEY LORA LTD

Directors' Report Period Ended 31 March 2023

The directors present their report with the financial statements of the company for the period ended 31 March 2023

Principal Activities

The companies principle activity during this period was selling of digital services.

Political and charitable donations

none

Directors

The directors shown below have held office during the whole of the period from 02 March 2022 to 31 March 2023
Christopher Kerslake

This report was approved by the board of directors on 26 October 2023
And Signed On Behalf Of The Board By:

Name: Christopher Kerslake
Status: Director

ORKNEY LORA LTD

Profit and Loss Account

for the Period Ended 31 March 2023


Notes
13 months to
31 Mar 2023
£
Turnover 2,848
Cost of sales ( 9,530 )
Gross Profit or (Loss) ( 6,682 )
Administrative Expenses ( 24,264 )
Other operating income 17,659
Operating Profit or (Loss) ( 13,287 )
Interest Receivable and Similar Income 2
Profit or (Loss) Before Tax ( 13,285 )
Profit or (Loss) for Period ( 13,285 )

The notes form part of these financial statements

ORKNEY LORA LTD

Balance sheet

As at 31 March 2023


Notes
13 months to
31 Mar 2023
£
Fixed assets
Total fixed assets: -
Current assets
Debtors: 4 592
Cash at bank and in hand: 120
Total current assets: 712
Creditors: amounts falling due within one year: 5 ( 3,604 )
Net current assets (liabilities): ( 2,892 )
Total assets less current liabilities: ( 2,892 )
Creditors: amounts falling due after more than one year: 6 ( 9,893 )
Total net assets (liabilities): ( 12,785 )

The notes form part of these financial statements

ORKNEY LORA LTD

Balance sheet continued

As at 31 March 2023


Notes
13 months to
31 Mar 2023
£
Capital and reserves
Called up share capital: 500
Profit and loss account: ( 13,285 )
Shareholders funds: ( 12,785 )

For the year ending 31 March 2023 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

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

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

This report was approved by the board of directors on 26 October 2023
And Signed On Behalf Of The Board By:

Name: Christopher Kerslake
Status: Director

The notes form part of these financial statements

ORKNEY LORA LTD

Notes to the Financial Statements

for the Period Ended 31 March 2023

  • 1. Accounting policies

    Basis of measurement and preparation

    These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

ORKNEY LORA LTD

Notes to the Financial Statements

for the Period Ended 31 March 2023

  • 2. Employees

    13 months to
    31 Mar 2023
    Average number of employees during the period 3

ORKNEY LORA LTD

Notes to the Financial Statements

for the Period Ended 31 March 2023

  • 3. Off balance sheet disclosure

    No

ORKNEY LORA LTD

Notes to the Financial Statements

for the Period Ended 31 March 2023

4. Debtors

13 months to
31 Mar 2023
£
Trade debtors 33
Other debtors 559
Total 592

The figure for "Other Debtors" in this period include "undeposited funds" due from payment processors and Share capital owed to the company.

ORKNEY LORA LTD

Notes to the Financial Statements

for the Period Ended 31 March 2023

5.Creditors: amounts falling due within one year note

13 months to
31 Mar 2023
£
Other creditors 3,604
Total 3,604

Total owed in "amounts falling due within one year note" are director's loans and payroll liabilities at the time.

ORKNEY LORA LTD

Notes to the Financial Statements

for the Period Ended 31 March 2023

6.Creditors: amounts falling due after more than one year

13 months to
31 Mar 2023
£
Other creditors 9,893
Total 9,893

Total owed under "amounts falling due after more than one year note" are director's loans.