Acorah Software Products - Accounts Production 14.5.601 false true 31 August 2022 1 September 2021 false 1 September 2022 31 August 2023 31 August 2023 11536275 Mr Andrew Stevens Mr Samuel Stevens Mrs Trudi Stevens Mr Andrew Stevens iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 11536275 2022-08-31 11536275 2023-08-31 11536275 2022-09-01 2023-08-31 11536275 frs-core:CurrentFinancialInstruments 2023-08-31 11536275 frs-core:ComputerEquipment 2023-08-31 11536275 frs-core:ComputerEquipment 2022-09-01 2023-08-31 11536275 frs-core:ComputerEquipment 2022-08-31 11536275 frs-core:FurnitureFittings 2023-08-31 11536275 frs-core:FurnitureFittings 2022-09-01 2023-08-31 11536275 frs-core:FurnitureFittings 2022-08-31 11536275 frs-core:ShareCapital 2023-08-31 11536275 frs-core:RetainedEarningsAccumulatedLosses 2023-08-31 11536275 frs-bus:PrivateLimitedCompanyLtd 2022-09-01 2023-08-31 11536275 frs-bus:FilletedAccounts 2022-09-01 2023-08-31 11536275 frs-bus:SmallEntities 2022-09-01 2023-08-31 11536275 frs-bus:AuditExempt-NoAccountantsReport 2022-09-01 2023-08-31 11536275 frs-bus:SmallCompaniesRegimeForAccounts 2022-09-01 2023-08-31 11536275 frs-bus:Director1 2022-09-01 2023-08-31 11536275 frs-bus:Director2 2022-09-01 2023-08-31 11536275 frs-bus:Director3 2022-09-01 2023-08-31 11536275 frs-bus:CompanySecretary1 2022-09-01 2023-08-31 11536275 frs-countries:EnglandWales 2022-09-01 2023-08-31 11536275 2021-08-31 11536275 2022-08-31 11536275 2021-09-01 2022-08-31 11536275 frs-core:CurrentFinancialInstruments 2022-08-31 11536275 frs-core:ShareCapital 2022-08-31 11536275 frs-core:RetainedEarningsAccumulatedLosses 2022-08-31
Registered number: 11536275
Orno Design Ltd
Unaudited Financial Statements
For The Year Ended 31 August 2023
TaxAssist Accountants
Unaudited Financial Statements
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 11536275
2023 2022
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 2,644 1,732
2,644 1,732
CURRENT ASSETS
Stocks 5 20,000 29,132
Debtors 6 431 557
Cash at bank and in hand 19,280 20,454
39,711 50,143
Creditors: Amounts Falling Due Within One Year 7 (102,738 ) (87,940 )
NET CURRENT ASSETS (LIABILITIES) (63,027 ) (37,797 )
TOTAL ASSETS LESS CURRENT LIABILITIES (60,383 ) (36,065 )
NET LIABILITIES (60,383 ) (36,065 )
CAPITAL AND RESERVES
Called up share capital 8 100 100
Profit and Loss Account (60,483 ) (36,165 )
SHAREHOLDERS' FUNDS (60,383) (36,065)
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For the year ending 31 August 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.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr Andrew Stevens
Director
12th April 2024
The notes on pages 3 to 5 form part of these financial statements.
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Notes to the Financial Statements
1. General Information
Orno Design Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 11536275 . The registered office is 20 Wavendene Avenue, Egham, Surrey, TW20 8LD.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Fixtures & Fittings 25% Reducing balance
Computer Equipment 25% Reducing balance
2.4. Stocks and Work in Progress
Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.
2.5. Foreign Currencies
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate ruling on the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 3 (2022: 3)
3 3
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4. Tangible Assets
Fixtures & Fittings Computer Equipment Total
£ £ £
Cost
As at 1 September 2022 1,143 1,826 2,969
Additions - 1,793 1,793
As at 31 August 2023 1,143 3,619 4,762
Depreciation
As at 1 September 2022 780 457 1,237
Provided during the period 91 790 881
As at 31 August 2023 871 1,247 2,118
Net Book Value
As at 31 August 2023 272 2,372 2,644
As at 1 September 2022 363 1,369 1,732
5. Stocks
2023 2022
£ £
Materials 20,000 29,132
6. Debtors
2023 2022
£ £
Due within one year
Trade debtors 180 518
VAT 221 -
Other taxes and social security 30 39
431 557
7. Creditors: Amounts Falling Due Within One Year
2023 2022
£ £
Trade creditors (160 ) 408
VAT - 1,337
Accruals and deferred income 1,330 1,290
Directors' loan accounts 101,568 84,905
102,738 87,940
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8. Share Capital
2023 2022
£ £
Allotted, Called up and fully paid 100 100
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