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Company Registration No. 10213640 (England and Wales)
ORKESTRO LIMITED Unaudited accounts for the year ended 30 June 2023
ORKESTRO LIMITED Unaudited accounts Contents
Page
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ORKESTRO LIMITED Company Information for the year ended 30 June 2023
Director
Edoardo Del Bino
Company Number
10213640 (England and Wales)
Registered Office
107 Kirkgate Leeds England LS1 6DP
Accountants
Sleek Accounting Ltd 107 Kirkgate Leeds West Yorkshire LS1 6DP
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ORKESTRO LIMITED Statement of financial position as at 30 June 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
109 
1,368 
Current assets
Debtors
135,714 
137,893 
Cash at bank and in hand
403,129 
605,776 
538,843 
743,669 
Creditors: amounts falling due within one year
(274,119)
(108,732)
Net current assets
264,724 
634,937 
Total assets less current liabilities
264,833 
636,305 
Creditors: amounts falling due after more than one year
(1,855,786)
(1,480,056)
Net liabilities
(1,590,953)
(843,751)
Capital and reserves
Called up share capital
137 
137 
Share premium
2,735,759 
2,735,759 
Profit and loss account
(4,326,849)
(3,579,647)
Shareholders' funds
(1,590,953)
(843,751)
For the year ending 30 June 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 director acknowledges his 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 and authorised for issue on 1 May 2024 and were signed on its behalf by
Edoardo Del Bino Director Company Registration No. 10213640
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ORKESTRO LIMITED Notes to the Accounts for the year ended 30 June 2023
1
Statutory information
ORKESTRO LIMITED is a private company, limited by shares, registered in England and Wales, registration number 10213640. The registered office is 107 Kirkgate, Leeds, England, LS1 6DP.
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.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. 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.
Financial instruments
Basic financial instruments are recognised at amortised cost, except for investments in non-convertible preference and non-puttable ordinary shares which are measured at fair value, with changes recognised in profit or loss. Derivative financial instruments are initially recorded at cost and thereafter at fair value with changes recognised in profit or loss.
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:
Computer equipment
33% straight line
Research and development
Expenditure on research and development is written off in the year in which it is incurred.
Pension costs
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
Foreign exchange
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 rates of exchange ruling at the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
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ORKESTRO LIMITED Notes to the Accounts for the year ended 30 June 2023
4
Tangible fixed assets
Computer equipment 
£ 
Cost or valuation
At cost 
At 1 July 2022
17,919 
Additions
165 
At 30 June 2023
18,084 
Depreciation
At 1 July 2022
16,551 
Charge for the year
1,424 
At 30 June 2023
17,975 
Net book value
At 30 June 2023
109 
At 30 June 2022
1,368 
5
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
VAT
20,136 
- 
Trade debtors
115,578 
120,856 
Other debtors
- 
17,037 
135,714 
137,893 
6
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
VAT
- 
225 
Trade creditors
245,044 
62,103 
Taxes and social security
12,167 
17,129 
Other creditors
16,908 
29,275 
274,119 
108,732 
7
Creditors: amounts falling due after more than one year
2023 
2022 
£ 
£ 
Other creditors
1,855,786 
1,480,056 
8
Share capital
2023 
2022 
£ 
£ 
Allotted, called up and fully paid:
137 Ordinary shares of £1 each
137 
137 
9
Average number of employees
During the year the average number of employees was 10 (2022: 13).
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