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REGISTERED NUMBER: 05457679 (England and Wales)















Unaudited Financial Statements for the Year Ended 30 September 2023

for

Orbiting Books Ltd

Orbiting Books Ltd (Registered number: 05457679)

Contents of the Financial Statements
for the year ended 30 September 2023










Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 4


Orbiting Books Ltd

Company Information
for the year ended 30 September 2023







Director: Mrs R Cooke





Registered office: Unit 3c Ramsden Road
Rotherwas Industrial Estate
Hereford
HR2 6LR





Registered number: 05457679 (England and Wales)





Accountants: Acre Accountancy Limited
Unit 2 Foley Works
Foley Industrial Estate
Hereford
Herefordshire
HR1 2SF

Orbiting Books Ltd (Registered number: 05457679)

Abridged Balance Sheet
30 September 2023

2023 2022
Notes £    £   
FIXED ASSETS
Tangible assets 5 2,811 3,749

CURRENT ASSETS
Stocks - 2,450
Debtors 87,431 96,466
Cash at bank 3,124 310
90,555 99,226
CREDITORS
Amounts falling due within one year (54,178 ) (44,082 )
NET CURRENT ASSETS 36,377 55,144
TOTAL ASSETS LESS CURRENT
LIABILITIES

39,188

58,893

PROVISIONS FOR LIABILITIES (534 ) (712 )
NET ASSETS 38,654 58,181

CAPITAL AND RESERVES
Called up share capital 6 1 1
Retained earnings 38,653 58,180
SHAREHOLDERS' FUNDS 38,654 58,181

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

Orbiting Books Ltd (Registered number: 05457679)

Abridged Balance Sheet - continued
30 September 2023


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

All the members have consented to the preparation of an abridged Balance Sheet for the year ended 30 September 2023 in accordance with Section 444(2A) of the Companies Act 2006.

In accordance with Section 444 of the Companies Act 2006, the Profit and Loss Account has not been delivered.

The financial statements were approved by the director and authorised for issue on 3 April 2024 and were signed by:





Mrs R Cooke - Director


Orbiting Books Ltd (Registered number: 05457679)

Notes to the Financial Statements
for the year ended 30 September 2023


1. STATUTORY INFORMATION

Orbiting Books Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. STATEMENT OF COMPLIANCE

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements have been prepared under the historical cost convention.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 25% on reducing balance
Computer equipment - 25% on reducing balance

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Financial instruments
Ordinary shares are classified as equity. Dividends payable on ordinary shares are recognised in equity in the period in which they are declared. The transaction costs of an equity transaction, other than in the context of a business combination, are accounted for as a deduction from equity, net of tax.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and Loss Account, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Orbiting Books Ltd (Registered number: 05457679)

Notes to the Financial Statements - continued
for the year ended 30 September 2023


3. ACCOUNTING POLICIES - continued

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2022 - 1 ) .

5. TANGIBLE FIXED ASSETS
Totals
£   
Cost
At 1 October 2022
and 30 September 2023 60,161
Depreciation
At 1 October 2022 56,412
Charge for year 938
At 30 September 2023 57,350
Net book value
At 30 September 2023 2,811
At 30 September 2022 3,749

6. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
1 Ordinary 1 1 1