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Company Registration No. 11735049 (England and Wales)
Orion Mis Ltd Unaudited accounts for the year ended 31 December 2023
Orion Mis Ltd Unaudited accounts Contents
Page
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Orion Mis Ltd Company Information for the year ended 31 December 2023
Directors
Christopher Smith Daniel Grigg
Company Number
11735049 (England and Wales)
Registered Office
1 Fontwell Avenue Eastergate Chichester PO20 3RU
Accountants
B4Bookkeeping Ltd 1 Lincoln House Tangmere Chichester West Sussex PO20 2FS
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Orion Mis Ltd Statement of financial position as at 31 December 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
122,337 
24,634 
Current assets
Inventories
250,000 
100,000 
Debtors
487,327 
740,034 
Cash at bank and in hand
336,528 
228,019 
1,073,855 
1,068,053 
Creditors: amounts falling due within one year
(549,375)
(401,971)
Net current assets
524,480 
666,082 
Total assets less current liabilities
646,817 
690,716 
Creditors: amounts falling due after more than one year
(68,471)
(163,171)
Net assets
578,346 
527,545 
Capital and reserves
Called up share capital
200 
200 
Profit and loss account
578,146 
527,345 
Shareholders' funds
578,346 
527,545 
For the year ending 31 December 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 16 April 2024 and were signed on its behalf by
Christopher Smith Director Company Registration No. 11735049
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Orion Mis Ltd Notes to the Accounts for the year ended 31 December 2023
1
Statutory information
Orion Mis Ltd is a private company, limited by shares, registered in England and Wales, registration number 11735049. The registered office is 1 Fontwell Avenue, Eastergate, Chichester, PO20 3RU.
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.
Inventories
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
Research and development
Expenditure on research and development is written off in the year in which it is incurred.
Government grants
Government grants in relation to tangible fixed assets are credited to profit and loss account over the useful lives of the related assets, whereas those in relation to expenditure are credited when the expenditure is charged to profit and loss.
Leased assets
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against profit on a straight line basis over the lease term. Assets held under finance leases and hire purchase contracts are capitalised and depreciated over their useful lives. The corresponding lease or hire purchase obligation is treated in the balance sheet as a liability. The interest element of rental obligations is charged to the profit and loss account over the period of the lease at a constant proportion of the outstanding balance of capital repayments.
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% Straight Line
Motor vehicles
20% Straight Line
Fixtures & fittings
20% Straight Line
Computer equipment
33% Straight Line
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Orion Mis Ltd Notes to the Accounts for the year ended 31 December 2023
4
Tangible fixed assets
Plant & machinery 
Motor vehicles 
Fixtures & fittings 
Computer equipment 
Total 
£ 
£ 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At cost 
At cost 
At 1 January 2023
10,700 
10,879 
6,472 
14,465 
42,516 
Additions
109,509 
4,583 
- 
1,594 
115,686 
At 31 December 2023
120,209 
15,462 
6,472 
16,059 
158,202 
Depreciation
At 1 January 2023
1,908 
2,025 
3,186 
10,763 
17,882 
Charge for the year
10,980 
2,634 
1,294 
3,075 
17,983 
At 31 December 2023
12,888 
4,659 
4,480 
13,838 
35,865 
Net book value
At 31 December 2023
107,321 
10,803 
1,992 
2,221 
122,337 
At 31 December 2022
8,792 
8,854 
3,286 
3,702 
24,634 
5
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
Trade debtors
112,975 
262,371 
Accrued income and prepayments
2,141 
2,206 
Other debtors
372,211 
475,457 
487,327 
740,034 
6
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
Bank loans and overdrafts
131,251 
119,752 
Trade creditors
280,715 
105,064 
Taxes and social security
32,727 
105,014 
Other creditors
91,853 
70,667 
Accruals
12,829 
1,474 
549,375 
401,971 
7
Creditors: amounts falling due after more than one year
2023 
2022 
£ 
£ 
Bank loans
68,471 
163,171 
8
Average number of employees
During the year the average number of employees was 21 (2022: 18).
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