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
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
Orbit Brewing Limited
Statement of financial position
as at 30 November 2023
Tangible assets
221,237
250,587
Cash at bank and in hand
157,334
122,814
Creditors: amounts falling due within one year
(169,276)
(177,905)
Net current assets
190,676
112,433
Net assets
411,913
363,020
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
Orbit Brewing Limited
Notes to the Accounts
for the year ended 30 November 2023
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.
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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
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
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
At 30 November 2023
222,541
(1,304)
221,237
At 30 November 2022
251,876
(1,289)
250,587
Orbit Brewing Limited
Notes to the Accounts
for the year ended 30 November 2023
Amounts falling due within one year
Trade debtors
122,093
105,174
Other debtors
11,370
11,370
6
Creditors: amounts falling due within one year
2023
2022
Bank loans and overdrafts
39,352
50,000
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
7
Average number of employees
During the year the average number of employees was 11 (2022: 7).