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REGISTERED NUMBER: 12419226 (England and Wales)















Financial Statements for the Year Ended 31 December 2023

for

Orbea UK Ltd

Orbea UK Ltd (Registered number: 12419226)






Contents of the Financial Statements
for the Year Ended 31 December 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Orbea UK Ltd

Company Information
for the Year Ended 31 December 2023







DIRECTORS: J B Fernandez Llorente
N Larrabeiti Libano





REGISTERED OFFICE: 4 Reading Road
Pangbourne
Reading
Berkshire
RG8 7LY





REGISTERED NUMBER: 12419226 (England and Wales)





AUDITORS: Geoffrey Cole & Co Ltd
Chartered Accountants & Statutory Auditor
4 Reading Road
Pangbourne
Berkshire
RG8 7LY

Orbea UK Ltd (Registered number: 12419226)

Balance Sheet
31 December 2023

2023 2022
Notes £    £   
CURRENT ASSETS
Debtors 4 678,206 730,445
Cash at bank 31,988 241,213
710,194 971,658
CREDITORS
Amounts falling due within one year 5 107,838 383,794
NET CURRENT ASSETS 602,356 587,864
TOTAL ASSETS LESS CURRENT
LIABILITIES

602,356

587,864

CAPITAL AND RESERVES
Called up share capital 1,000 1,000
Retained earnings 601,356 586,864
602,356 587,864

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

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 15 April 2024 and were signed on its behalf by:





N Larrabeiti Libano - Director


Orbea UK Ltd (Registered number: 12419226)

Notes to the Financial Statements
for the Year Ended 31 December 2023

1. STATUTORY INFORMATION

Orbea UK 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. ACCOUNTING POLICIES

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

The financial statements have been prepared on a going concern basis, which assumes the company will continue in operational existence, and will be able to meet its liabilities as they fall due, for a period of at least twelve months from the date of approval of the financial statements.

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

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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.

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.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 6 (2022 - 5 ) .

Orbea UK Ltd (Registered number: 12419226)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023

4. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 575,863 728,445
Other debtors 102,343 2,000
678,206 730,445

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 75,086 148,314
Taxation and social security 16,646 201,412
Other creditors 16,106 34,068
107,838 383,794

Included within trade creditors is an amount of £73,834 (2022: £139,684) owed to a group company.

6. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
2023 2022
£    £   
Within one year 22,595 8,234
Between one and five years 30,286 15,782
52,881 24,016

7. DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

G S J Cole (Senior Statutory Auditor)
for and on behalf of Geoffrey Cole & Co Ltd

8. ULTIMATE CONTROLLING PARTY

The parent undertaking was Orbea Scoop who was also the ultimate controlling entity. The largest group into which Orbea UK Limited was consolidated was Orbea Scoop, an entity domiciled in Spain.