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Company No: 06233676 (England and Wales)

ORWIN AND ALGEO MANAGEMENT SOLUTIONS LIMITED

Unaudited Financial Statements
For the financial year ended 30 April 2024
Pages for filing with the registrar

ORWIN AND ALGEO MANAGEMENT SOLUTIONS LIMITED

Unaudited Financial Statements

For the financial year ended 30 April 2024

Contents

ORWIN AND ALGEO MANAGEMENT SOLUTIONS LIMITED

COMPANY INFORMATION

For the financial year ended 30 April 2024
ORWIN AND ALGEO MANAGEMENT SOLUTIONS LIMITED

COMPANY INFORMATION (continued)

For the financial year ended 30 April 2024
DIRECTORS Dr S Glover (Appointed 08 January 2024)
P R Orwin
REGISTERED OFFICE Lowin House
Tregolls Road
Truro
TR1 2NA
United Kingdom
COMPANY NUMBER 06233676 (England and Wales)
CHARTERED ACCOUNTANTS Francis Clark LLP
Lowin House
Tregolls Road
Truro
Cornwall TR1 2NA
ORWIN AND ALGEO MANAGEMENT SOLUTIONS LIMITED

BALANCE SHEET

As at 30 April 2024
ORWIN AND ALGEO MANAGEMENT SOLUTIONS LIMITED

BALANCE SHEET (continued)

As at 30 April 2024
Note 2024 2023
£ £
Fixed assets
Tangible assets 3 23,769 26,931
23,769 26,931
Current assets
Debtors 4 84,958 49,201
Cash at bank and in hand 189,236 190,912
274,194 240,113
Creditors: amounts falling due within one year 5 ( 47,646) ( 30,248)
Net current assets 226,548 209,865
Total assets less current liabilities 250,317 236,796
Provision for liabilities ( 5,942) ( 1,451)
Net assets 244,375 235,345
Capital and reserves
Called-up share capital 6 100 100
Profit and loss account 244,275 235,245
Total shareholder's funds 244,375 235,345

For the financial year ending 30 April 2024 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The financial statements of Orwin and Algeo Management Solutions Limited (registered number: 06233676) were approved and authorised for issue by the Board of Directors on 25 July 2024. They were signed on its behalf by:

P R Orwin
Director
ORWIN AND ALGEO MANAGEMENT SOLUTIONS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 30 April 2024
ORWIN AND ALGEO MANAGEMENT SOLUTIONS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 30 April 2024
1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

Orwin and Algeo Management Solutions Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is Lowin House, Tregolls Road, Truro, TR1 2NA, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include the revaluation of freehold properties and to include investment properties and certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Turnover

Turnover comprises the fair value of the consideration received or receivable for the provision of consultancy services in the ordinary course of the company's activities. Turnover is shown net of value added tax, returns and rebates.

The company recognises revenue when the work has been carried out and an invoice is raised. Invoices are then subject to tax deductions under IR35 and monies are then received as a deemed payment.

Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Balance Sheet date.

Deferred tax
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the Company's financial statements. Deferred tax is provided in full on timing differences which result in an obligation to pay more or less tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on tax rates and laws substantively enacted at the balance sheet date. Deferred tax assets and liabilities are not discounted.

Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset over its expected useful life, as follows:

Land and buildings 50 years straight line
Fixtures and fittings 25 % reducing balance

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.

Financial instruments

Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the Company after deducting all of its liabilities.

Financial assets and liabilities are only offset in the Balance Sheet when, and only when there exists a legally enforceable right to set off the recognised amounts and the Company intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.

2. Employees

2024 2023
Number Number
Monthly average number of persons employed by the Company during the year, including directors 1 1

3. Tangible assets

Land and buildings Fixtures and fittings Total
£ £ £
Cost
At 01 May 2023 13,526 28,403 41,929
Additions 0 12,560 12,560
Disposals ( 13,526) 0 ( 13,526)
At 30 April 2024 0 40,963 40,963
Accumulated depreciation
At 01 May 2023 3,521 11,477 14,998
Charge for the financial year 270 5,717 5,987
Disposals ( 3,791) 0 ( 3,791)
At 30 April 2024 0 17,194 17,194
Net book value
At 30 April 2024 0 23,769 23,769
At 30 April 2023 10,005 16,926 26,931

4. Debtors

2024 2023
£ £
Trade debtors 37,428 35,098
Other debtors 47,530 14,103
84,958 49,201

5. Creditors: amounts falling due within one year

2024 2023
£ £
Trade creditors 0 1,114
Corporation tax 30,159 0
Other taxation and social security 15,178 19,926
Other creditors 2,309 9,208
47,646 30,248

6. Called-up share capital

2024 2023
£ £
Allotted, called-up and fully-paid
100 Ordinary shares of £ 1.00 each 100 100

7. Related party transactions

Transactions with the entity's directors

2024 2023
£ £
P R Orwin 39,970 (6,565)

The above balance relates to amounts owed to/(by) the company by the directors as at 30 April 2024. Interest has been charged at the HMRC official rates.