1 May 2022 false No description of principal activity Taxfiler 2023.10 07678302business:PrivateLimitedCompanyLtd2022-05-012023-04-30 076783022022-04-30 076783022022-05-012023-04-30 07678302business:AuditExempt-NoAccountantsReport2022-05-012023-04-30 07678302business:FilletedAccounts2022-05-012023-04-30 076783022023-04-30 076783022022-04-30 07678302core:WithinOneYear2023-04-30 07678302core:WithinOneYear2022-04-30 07678302core:AfterOneYear2023-04-30 07678302core:AfterOneYear2022-04-30 07678302core:ShareCapitalcore:PreviouslyStatedAmount2023-04-30 07678302core:ShareCapitalcore:PreviouslyStatedAmount2022-04-30 07678302core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2023-04-30 07678302core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2022-04-30 07678302core:PreviouslyStatedAmount2023-04-30 07678302core:PreviouslyStatedAmount2022-04-30 07678302business:SmallEntities2022-05-012023-04-30 07678302business:Director12022-05-012023-04-30 07678302countries:EnglandWales2022-05-012023-04-30 07678302business:RegisteredOffice2022-05-012023-04-30 07678302core:PlantMachinery2022-05-012023-04-30 07678302core:LandBuildings2022-04-30 07678302core:LandBuildings2023-04-30 07678302core:LandBuildings2022-05-012023-04-30 07678302core:RevaluationsIncreaseDecreaseInInvestments2023-04-30 076783022021-05-012022-04-30 iso4217:GBP xbrli:pure
Company Registration No. 07678302 (England and Wales)
ORBS ENERGY LTD Unaudited accounts for the year ended 30 April 2023
ORBS ENERGY LTD Statement of financial position as at 30 April 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
591,178 
596,178 
Investments
100,000 
75,000 
691,178 
671,178 
Current assets
Debtors
113,292 
17,590 
Cash at bank and in hand
126,423 
221,212 
239,715 
238,802 
Creditors: amounts falling due within one year
(169,686)
(129,870)
Net current assets
70,029 
108,932 
Total assets less current liabilities
761,207 
780,110 
Creditors: amounts falling due after more than one year
(323,902)
(374,376)
Net assets
437,305 
405,734 
Capital and reserves
Called up share capital
2 
2 
Profit and loss account
437,303 
405,732 
Shareholders' funds
437,305 
405,734 
For the year ending 30 April 2023 the company was entitled to exemption from audit 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 director acknowledges his 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 23 August 2023 and were signed on its behalf by
CLIVE PINNICK Director Company Registration No. 07678302
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ORBS ENERGY LTD Notes to the Accounts for the year ended 30 April 2023
1
Statutory information
ORBS ENERGY LTD is a private company, limited by shares, registered in England and Wales, registration number 07678302. The registered office is SUITE 3 GREVILLE HOUSE, 1697A HIGH STREET KNOWLE, SOLIHULL, WEST MIDLANDS, B93 0LN.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Turnover
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
Investment property
Investment properties are stated at Cost and are not depreciated.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
Straight line basis
4
Tangible fixed assets
Land & buildings 
£ 
Cost or valuation
At cost 
At 1 May 2022
606,178 
At 30 April 2023
606,178 
Depreciation
At 1 May 2022
10,000 
Charge for the year
5,000 
At 30 April 2023
15,000 
Net book value
At 30 April 2023
591,178 
At 30 April 2022
596,178 
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ORBS ENERGY LTD Notes to the Accounts for the year ended 30 April 2023
5
Investments
Other investments 
£ 
Valuation at 1 May 2022
75,000 
Fair value adjustments
25,000 
Valuation at 30 April 2023
100,000 
6
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
Trade debtors
14,673 
10,305 
Other debtors
98,619 
7,285 
113,292 
17,590 
7
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
Bank loans and overdrafts
24,603 
- 
Amounts owed to group undertakings and other participating interests
120,599 
120,599 
Taxes and social security
23,506 
7,883 
Other creditors
978 
1,388 
169,686 
129,870 
8
Creditors: amounts falling due after more than one year
2023 
2022 
£ 
£ 
Bank loans
323,902 
374,376 
9
Average number of employees
During the year the average number of employees was 6 (2022: 6).
- 4 -