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Company Registration No. 08782363 (England and Wales)
Orbit Brewing Limited Unaudited accounts for the year ended 30 November 2023
Orbit Brewing Limited Unaudited accounts Contents
Page
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Orbit Brewing Limited Company Information for the year ended 30 November 2023
Directors
Robert Campbell Middleton Robert Sykes
Company Number
08782363 (England and Wales)
Registered Office
RAILWAY ARCHES 225 & 228 FIELDING STREET LONDON SE17 3HD
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Orbit Brewing Limited Statement of financial position as at 30 November 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
221,237 
250,587 
Current assets
Inventories
96,732 
70,617 
Debtors
105,886 
96,907 
Cash at bank and in hand
157,334 
122,814 
359,952 
290,338 
Creditors: amounts falling due within one year
(169,276)
(177,905)
Net current assets
190,676 
112,433 
Net assets
411,913 
363,020 
Capital and reserves
Called up share capital
301 
301 
Share premium
504,879 
504,879 
Profit and loss account
(93,267)
(142,160)
Shareholders' funds
411,913 
363,020 
For the year ending 30 November 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 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 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 of Directors and authorised for issue on 7 February 2024 and were signed on its behalf by
Robert Campbell Middleton Director Company Registration No. 08782363
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Orbit Brewing Limited Notes to the Accounts for the year ended 30 November 2023
1
Statutory information
Orbit Brewing Limited is a private company, limited by shares, registered in England and Wales, registration number 08782363. The registered office is RAILWAY ARCHES 225 & 228, FIELDING STREET, LONDON, SE17 3HD.
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.
Presentation currency
The accounts are presented in £ sterling.
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
20% Reducing balance
Motor vehicles
33% Reducing balance
Fixtures & fittings
33% Reducing balance
4
Tangible fixed assets
Plant & machinery 
Fixtures & fittings 
Total 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At 1 December 2022
585,988 
1,043 
587,031 
Additions
25,323 
1,902 
27,225 
At 30 November 2023
611,311 
2,945 
614,256 
Depreciation
At 1 December 2022
334,112 
2,332 
336,444 
Charge for the year
54,658 
1,917 
56,575 
At 30 November 2023
388,770 
4,249 
393,019 
Net book value
At 30 November 2023
222,541 
(1,304)
221,237 
At 30 November 2022
251,876 
(1,289)
250,587 
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Orbit Brewing Limited Notes to the Accounts for the year ended 30 November 2023
5
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
VAT
(27,577)
(19,637)
Trade debtors
122,093 
105,174 
Other debtors
11,370 
11,370 
105,886 
96,907 
6
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
Bank loans and overdrafts
39,352 
50,000 
VAT
19,609 
10,771 
Trade creditors
11,837 
11,804 
Taxes and social security
8,982 
7,871 
Other creditors
(708)
(1,745)
Loans from directors
89,454 
98,454 
Accruals
750 
750 
169,276 
177,905 
7
Average number of employees
During the year the average number of employees was 11 (2022: 7).
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