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REGISTERED NUMBER: 10499131 (England and Wales)




















Unaudited Financial Statements

for the Year Ended 31 March 2023

for

Orpheus Cyber Limited

Orpheus Cyber Limited (Registered number: 10499131)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Orpheus Cyber Limited

Company Information
for the Year Ended 31 March 2023







DIRECTORS: R O Church
H Lopes





REGISTERED OFFICE: 19 Willow Street
London
EC2A 4BH





REGISTERED NUMBER: 10499131 (England and Wales)

Orpheus Cyber Limited (Registered number: 10499131)

Balance Sheet
31 March 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 10,531 11,394

CURRENT ASSETS
Stocks 5 51,709 258,875
Debtors 6 1,274,276 598,179
Cash at bank 786,832 501,744
2,112,817 1,358,798
CREDITORS
Amounts falling due within one year 7 1,080,612 505,631
NET CURRENT ASSETS 1,032,205 853,167
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,042,736

864,561

CREDITORS
Amounts falling due after more than one
year

8

83,333

386,795
NET ASSETS 959,403 477,766

CAPITAL AND RESERVES
Called up share capital 228 208
Share premium 1,699,128 639,960
Retained earnings (739,953 ) (162,402 )
959,403 477,766

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.

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 23 November 2023 and were signed on its behalf by:



H Lopes - Director



R O Church - Director


Orpheus Cyber Limited (Registered number: 10499131)

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

1. STATUTORY INFORMATION

Orpheus Cyber 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
Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation 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:

Improvements to Property 20% Straight Line
Computer Equipment 33.33% Straight Line

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to the profit or loss.

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.

Research and development expenditure
Research and development expenditure is written off against profits in the year in which it is incurred. The company has elected to claim the available tax credit in cash.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 27 (2022 - 24 ) .

Orpheus Cyber Limited (Registered number: 10499131)

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

4. TANGIBLE FIXED ASSETS
Improvements
to Computer
property equipment Totals
£    £    £   
COST
At 1 April 2022 12,804 22,581 35,385
Additions - 8,147 8,147
At 31 March 2023 12,804 30,728 43,532
DEPRECIATION
At 1 April 2022 7,697 16,294 23,991
Charge for year 2,568 6,442 9,010
At 31 March 2023 10,265 22,736 33,001
NET BOOK VALUE
At 31 March 2023 2,539 7,992 10,531
At 31 March 2022 5,107 6,287 11,394

5. STOCKS
2023 2022
£    £   
Work-in-progress 51,709 258,875

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 72,876 119,893
Amounts owed by group undertakings 482,797 113,764
Other debtors 73,806 75,175
Tax 604,131 218,585
Called up share capital not paid 4 4
Prepayments and accrued income 40,662 70,758
1,274,276 598,179

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 221,311 134,525
Trade creditors 78,834 91,641
Social security and other taxes 121,644 39,856
VAT 131,705 24,353
Other creditors 5,280 3,885
Accruals and deferred income 521,838 211,371
1,080,612 505,631

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2023 2022
£    £   
Bank loans - 1-2 years 62,500 66,700
Bank loans - 2-5 years 20,833 320,095
83,333 386,795

Orpheus Cyber Limited (Registered number: 10499131)

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

9. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
2023 2022
£    £   
Within one year 130,366 105,000
Between one and five years 76,500 -
206,866 105,000