Caseware UK (AP4) 2023.0.135 2023.0.135 2023-04-302023-04-302022-05-012falseThe principal activity of the company continued to be that of song writing and music production.2falsetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 11953591 2022-05-01 2023-04-30 11953591 2021-05-01 2022-04-30 11953591 2023-04-30 11953591 2022-04-30 11953591 c:Director1 2022-05-01 2023-04-30 11953591 c:Director2 2022-05-01 2023-04-30 11953591 d:CurrentFinancialInstruments 2023-04-30 11953591 d:CurrentFinancialInstruments 2022-04-30 11953591 d:CurrentFinancialInstruments d:WithinOneYear 2023-04-30 11953591 d:CurrentFinancialInstruments d:WithinOneYear 2022-04-30 11953591 d:ShareCapital 2023-04-30 11953591 d:ShareCapital 2022-04-30 11953591 d:RetainedEarningsAccumulatedLosses 2023-04-30 11953591 d:RetainedEarningsAccumulatedLosses 2022-04-30 11953591 c:OrdinaryShareClass1 2022-05-01 2023-04-30 11953591 c:OrdinaryShareClass1 2023-04-30 11953591 c:OrdinaryShareClass1 2022-04-30 11953591 c:FRS102 2022-05-01 2023-04-30 11953591 c:AuditExempt-NoAccountantsReport 2022-05-01 2023-04-30 11953591 c:FullAccounts 2022-05-01 2023-04-30 11953591 c:PrivateLimitedCompanyLtd 2022-05-01 2023-04-30 11953591 e:PoundSterling 2022-05-01 2023-04-30 xbrli:shares iso4217:GBP xbrli:pure
Registered number: 11953591














ORBITAL RECORDINGS LIMITED

 
UNAUDITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 APRIL 2023

 
ORBITAL RECORDINGS LIMITED
REGISTERED NUMBER:11953591

BALANCE SHEET
AS AT 30 APRIL 2023

2023
2022
Note
£
£

  

Current assets
  

Debtors: amounts falling due within one year
 4 
36,848
5,758

Cash at bank
 5 
52,635
24,102

  
89,483
29,860

Creditors: amounts falling due within one year
 6 
(31,650)
(29,731)

Net current assets
  
 
 
57,833
 
 
129

Total assets less current liabilities
  
57,833
129

  

Net assets
  
57,833
129


Capital and reserves
  

Called up share capital 
 7 
100
100

Profit and loss account
  
57,733
29

  
57,833
129


The directors consider that the company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

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

The company has opted not to file the profit and loss account in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf by: 




Paul Hartnoll
Phillip Hartnoll
Director
Director


Date: 30 April 2024
Date:30 April 2024

The notes on pages 2 to 4 form part of these financial statements.

Page 1

 
ORBITAL RECORDINGS LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2023

1.


General information

Orbital Recordings Limited is a private company, limited by shares, registered in England and Wales, registration number 11953591. The registered office address is Elsley Court, 20-22 Great Titchfield Street, London, W1W 8BE.

The principal activity of the company continued to be that of song writing and music production.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Section 1A of the Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.
 
 
2.2

Foreign currency translation

Functional and presentation currency

The company's functional and presentational currency is pound sterling.

Transactions and balances

Foreign currency transactions are translated into the functional currency using the spot exchange rates at the dates of the transactions.

At each period end foreign currency monetary items are translated using the closing rate. Non-monetary items measured at historical cost are translated using the exchange rate at the date of the transaction and non-monetary items measured at fair value are measured using the exchange rate when fair value was determined.

Foreign exchange gains and losses that relate to borrowings and cash and cash equivalents are presented in the profit and loss account within 'administration expenses'. All other foreign exchange gains and losses are presented in profit or loss.

 
2.3

Turnover

Turnover is recognised to the extent that it is probable that the economic benefits will flow to the company and the turnover can be reliably measured. 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 song writing and music production activities is recognised when it is probable the company will receive the rights to the consideration due under the contract.
Merchandise income is recognised net of cost when received.

 
2.4

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount.

Page 2

 
ORBITAL RECORDINGS LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2023

2.Accounting policies (continued)

 
2.5

Taxation

Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current corporation tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

 
2.6

Debtors

Short-term debtors are measured at transaction price, less any impairment.

 
2.7

Cash

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours.

 
2.8

Creditors

Short-term creditors are measured at the transaction price.

 
2.9

 Financial instruments

The company enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities such as trade and other debtors, trade and other creditors, and loans with related parties.


3.


Employees

The average monthly number of employees, including directors, during the year was 2 (2022 - 2).


4.


Debtors

2023
2022
£
£


Trade debtors
9,500
208

Other debtors
27,041
5,550

Prepayments
307
-

36,848
5,758



5.


Cash

2023
2022
£
£

Cash at bank
52,635
24,102


Page 3

 
ORBITAL RECORDINGS LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2023

6.


Creditors: amounts falling due within one year

2023
2022
£
£

Trade creditors
-
107

Corporation tax
17,024
146

Other taxation and social security
3,041
3,139

Other creditors
20
15,569

Accruals
11,565
10,770

31,650
29,731



7.


Share capital

2023
2022
£
£
Allotted, called up and fully paid



100 (2022 - 100) ordinary shares of £1.00 each
100
100



8.


Transactions with directors

During the year, the company advanced £4,000 (2022 - £4,500) to the directors. As at the year end, the directors owed £8,660 (2022 - £4,660) to the company. This loan is unsecured, interest free and repayable on demand.  

 
Page 4