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REGISTERED NUMBER: 04307426 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023

FOR

ORCA IT LTD

ORCA IT LTD (REGISTERED NUMBER: 04307426)






CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 31 March 2023




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


ORCA IT LTD

COMPANY INFORMATION
for the Year Ended 31 March 2023







DIRECTORS: M Tunstall
A Pimperton
K Davies





REGISTERED OFFICE: Technology House
Clayton Green Business Park
Library Road
Chorley
Lancashire
PR6 7EN





REGISTERED NUMBER: 04307426 (England and Wales)





ACCOUNTANTS: RfM Preston Ltd
Chartered Accountants
120-124 Towngate
Leyland
Lancashire
PR25 2LQ

ORCA IT LTD (REGISTERED NUMBER: 04307426)

STATEMENT OF FINANCIAL POSITION
31 March 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 290,229 147,218
Investments 5 - 10
290,229 147,228

CURRENT ASSETS
Stocks 33,379 18,384
Debtors 6 736,243 553,176
Cash at bank and in hand 485,470 512,698
1,255,092 1,084,258
CREDITORS
Amounts falling due within one year 7 631,510 473,388
NET CURRENT ASSETS 623,582 610,870
TOTAL ASSETS LESS CURRENT
LIABILITIES

913,811

758,098

CREDITORS
Amounts falling due after more than one
year

8

(175,255

)

(38,889

)

PROVISIONS FOR LIABILITIES (53,087 ) (23,859 )
NET ASSETS 685,469 695,350

CAPITAL AND RESERVES
Called up share capital 135 135
Share premium 16,465 16,465
Retained earnings 668,869 678,750
SHAREHOLDERS' FUNDS 685,469 695,350

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.

ORCA IT LTD (REGISTERED NUMBER: 04307426)

STATEMENT OF FINANCIAL POSITION - 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 16 November 2023 and were signed on its behalf by:





M A Tunstall - Director


ORCA IT LTD (REGISTERED NUMBER: 04307426)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 31 March 2023

1. STATUTORY INFORMATION

Orca IT 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 represents amounts chargeable, net of value added tax, in respect of the sale of goods and services to customers.

Turnover from the sale of goods and services is recognised when significant risks and rewards of ownership of the goods and services have transferred to the buyer, the amount of turnover can be measured reliably, it is probable that the economic benefits associated with the transaction will flow to the company and the costs incurred or to be incurred in respect of the transaction can be measured reliably.

TANGIBLE FIXED ASSETS
Depreciation is provided on tangible fixed assets so as to write off the cost or valuation, less any estimated residual value, over their expected useful economic life as follows:

Office equipment - 20%/33% straight line
Fixtures and fittings - 20% straight line
Plant and machinery - 20%/33% straight line

STOCKS
Stocks and work in progress are stated at the lower of cost and estimated costs to complete and sell, after making due allowance for obsolete and slow moving items.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

Estimated selling price less costs to complete and sell is based on the estimated selling price of the goods less any estimated completion or selling costs likely to be incurred on the sale.

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 statement of financial position date.


ORCA IT LTD (REGISTERED NUMBER: 04307426)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 March 2023

2. ACCOUNTING POLICIES - continued
DEFERRED TAX
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

FOREIGN CURRENCIES
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the statement of financial position date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

HIRE PURCHASE AND LEASING COMMITMENTS
Rentals payable under operating leases are charged in the profit and loss account on a straight line basis over the lease term.
Assets held under finance leases, which are leases where substantially all the risks and rewards of ownership of the asset have passed to the company, are capitalised in the balance sheet as tangible fixed assets and are depreciated over their useful lives. The capital elements of future obligations under the leases are included as liabilities in the balance sheet. The interest element of the rental obligation is charged to the profit and loss account over the period of the lease and represents a constant proportion of the balance of capital repayments outstanding.

Assets held under hire purchase agreements are capitalised as tangible fixed assets and are depreciated over their useful lives. The capital element of future finance payments is included within creditors. Finance charges are allocated to accounting periods over the length of the contract.

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 40 (2022 - 34 ) .

ORCA IT LTD (REGISTERED NUMBER: 04307426)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 March 2023

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Office
machinery fittings equipment Totals
£    £    £    £   
COST
At 1 April 2022 451,052 126,158 129,706 706,916
Additions 444,734 136 21,639 466,509
Disposals (395,044 ) - (15,038 ) (410,082 )
At 31 March 2023 500,742 126,294 136,307 763,343
DEPRECIATION
At 1 April 2022 372,291 71,875 115,532 559,698
Charge for year 146,713 24,668 12,696 184,077
Eliminated on disposal (255,652 ) - (15,009 ) (270,661 )
At 31 March 2023 263,352 96,543 113,219 473,114
NET BOOK VALUE
At 31 March 2023 237,390 29,751 23,088 290,229
At 31 March 2022 78,761 54,283 14,174 147,218

5. FIXED ASSET INVESTMENTS
Other
investments
£   
COST
At 1 April 2022 10
Disposals (10 )
At 31 March 2023 -
NET BOOK VALUE
At 31 March 2023 -
At 31 March 2022 10

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 476,392 299,433
Amounts owed by group undertakings 194,480 194,469
Other debtors 1,134 594
Prepayments and accrued income 64,237 58,680
736,243 553,176

ORCA IT LTD (REGISTERED NUMBER: 04307426)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 March 2023

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 8,333 64,727
Hire purchase contracts 95,979 -
Trade creditors 235,433 142,577
Corporation tax 55,879 71,234
Social security and other taxes 138,765 122,034
Other creditors 27,604 15,794
Directors' loan accounts 2 1
Accruals and deferred income 69,515 57,021
631,510 473,388

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Bank loans - 1-2 years 16,667 33,333
Bank loans - 2-5 years 13,889 5,556
Hire purchase contracts 144,699 -
175,255 38,889

9. SECURED DEBTS

The following secured debts are included within creditors:

2023 2022
£    £   
Bank loans 38,889 103,616
Hire purchase contracts 240,678 -
279,567 103,616

The bank loans are secured by fixed and floating charges over all the property or undertakings of the company.
Hire purchase finance is secured upon the assets to which the finance relates.

10. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 March 2023 and 31 March 2022:

2023 2022
£    £   
M Burgess
Balance outstanding at start of year (1 ) (1 )
Amounts advanced 117,472 57,081
Amounts repaid (117,471 ) (57,081 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year - (1 )

ORCA IT LTD (REGISTERED NUMBER: 04307426)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 March 2023

10. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES - continued

M Tunstall
Balance outstanding at start of year - (51,243 )
Amounts advanced 170,888 229,896
Amounts repaid (170,889 ) (178,653 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (1 ) -

A Pimperton
Balance outstanding at start of year - (48,507 )
Amounts advanced 166,738 227,160
Amounts repaid (166,739 ) (178,653 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (1 ) -

Directors loans are all interest-free.

11. PARENT COMPANY

The parent company is Orca IT (Holdings) Limited, Technology House, Clayton Green Business Park, Library Road, Chorley, Lancashire, PR6 7EN.