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REGISTERED NUMBER: 12175398 (England and Wales)









UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 OCTOBER 2023

FOR

ORBIT4 GROUP LIMITED

ORBIT4 GROUP LIMITED (REGISTERED NUMBER: 12175398)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


ORBIT4 GROUP LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 OCTOBER 2023







DIRECTORS: D M Jones
A J Butterfield
P Thoms
P S Croft
N Burton
Mrs K Jones





REGISTERED OFFICE: 7 School Lane
Hartford
Northwich
Cheshire
CW8 1NP





REGISTERED NUMBER: 12175398 (England and Wales)





ACCOUNTANTS: Fawcetts LLP
Chartered Accountants
Windover House
St. Ann Street
Salisbury
SP1 2DR

ORBIT4 GROUP LIMITED (REGISTERED NUMBER: 12175398)

BALANCE SHEET
31 OCTOBER 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 137,812 -
Investments 5 7,588 200
145,400 200

CURRENT ASSETS
Debtors 6 734,155 446,850
Cash at bank 323,988 6,348
1,058,143 453,198
CREDITORS
Amounts falling due within one year 7 97,028 96,795
NET CURRENT ASSETS 961,115 356,403
TOTAL ASSETS LESS CURRENT LIABILITIES 1,106,515 356,603

CREDITORS
Amounts falling due after more than one
year

8

536,918

357,002
NET ASSETS/(LIABILITIES) 569,597 (399 )

CAPITAL AND RESERVES
Called up share capital 9 255 201
Share premium 569,942 -
Retained earnings (600 ) (600 )
SHAREHOLDERS' FUNDS 569,597 (399 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 October 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 2023 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

ORBIT4 GROUP LIMITED (REGISTERED NUMBER: 12175398)

BALANCE SHEET - continued
31 OCTOBER 2023


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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 30 July 2024 and were signed on its behalf by:





D M Jones - Director


ORBIT4 GROUP LIMITED (REGISTERED NUMBER: 12175398)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2023


1. STATUTORY INFORMATION

Orbit4 Group Limited 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.

Going Concern
The financial statements have for the period under review have been prepared on a going concern basis. The director have considered a period of twelve months from the date of approval of these financial statements, whereby an increase in incoming cashflows is anticipated. On this basis, the director believes that it is prudent to prepare the accounts on a going concern basis.

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

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Development costs are being amortised evenly over their estimated useful life of nil years.

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost.

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

ORBIT4 GROUP LIMITED (REGISTERED NUMBER: 12175398)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 OCTOBER 2023


2. ACCOUNTING POLICIES - continued

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.

Debtors
Debtors are measured at their recoverable amount.

Creditors
Creditors and provisions are recognised where the company has a present obligation resulting from a past event that will probably result in the transfer of funds to a third party and the amount due to settle the obligation can be measured or estimated reliably. Creditors and provisions are normally recognised at their settlement amount after allowing for any trade discounts due.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 16 (2022 - 3 ) .

4. INTANGIBLE FIXED ASSETS
Other
intangible
assets
£   
COST
Additions 137,812
At 31 October 2023 137,812
NET BOOK VALUE
At 31 October 2023 137,812

5. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£   
COST
At 1 November 2022 200
Additions 7,388
At 31 October 2023 7,588
NET BOOK VALUE
At 31 October 2023 7,588
At 31 October 2022 200

ORBIT4 GROUP LIMITED (REGISTERED NUMBER: 12175398)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 OCTOBER 2023


6. DEBTORS
2023 2022
£    £   
Amounts falling due within one year:
Trade debtors - 10,001
Amounts owed by group undertakings 587,067 228,439
Other debtors 7,347 6,034
594,414 244,474

Amounts falling due after more than one year:
Amounts owed by group undertakings 139,741 202,376

Aggregate amounts 734,155 446,850

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 14,610 17,960
Taxation and social security 14,618 9,035
Other creditors 67,800 69,800
97,028 96,795

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

20232022
££
Amounts owed to group undertakings139,741154,026
Other creditors397,177202,976
536,918357,002

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
201 Ordinary £1 - -
201,000 Ordinary £0.00 1 255 201
255 201

On 20 September 2022, a sub-division of shares took place, whereby 201 Ordinary shares of £1 each were sub-divided into 201,000 Ordinary shares of £0.001 each. There was no change in the amount of overall share capital held by the company.