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
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
Orion Mis Ltd
Statement of financial position
as at 31 December 2023
Tangible assets
122,337
24,634
Inventories
250,000
100,000
Cash at bank and in hand
336,528
228,019
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
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
Orion Mis Ltd
Notes to the Accounts
for the year ended 31 December 2023
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.
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.
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.
Expenditure on research and development is written off in the year in which it is incurred.
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.
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
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
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
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
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
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
7
Creditors: amounts falling due after more than one year
2023
2022
8
Average number of employees
During the year the average number of employees was 21 (2022: 18).