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REGISTERED NUMBER: 07448350 (England and Wales)












Unaudited Financial Statements

for the Year Ended 30 November 2023

for

Orbital Repair Solutions Ltd

Orbital Repair Solutions Ltd (Registered number: 07448350)






Contents of the Financial Statements
for the Year Ended 30 November 2023




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


Orbital Repair Solutions Ltd

Company Information
for the Year Ended 30 November 2023







DIRECTOR: S M Wardle





REGISTERED OFFICE: Shadwell House
65 Lower Green Road
Tunbridge Wells
Kent
TN4 8TW





REGISTERED NUMBER: 07448350 (England and Wales)





ACCOUNTANTS: Peter Hodgson & Co.
Chartered Accountants
Shadwell House
65 Lower Green Road
Tunbridge Wells
Kent
TN4 8TW

Orbital Repair Solutions Ltd (Registered number: 07448350)

Statement of Financial Position
30 November 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Investments 4 100 -

CURRENT ASSETS
Debtors 5 218,639 93,257
Cash at bank 648,347 824,328
866,986 917,585
CREDITORS
Amounts falling due within one year 6 189,036 129,909
NET CURRENT ASSETS 677,950 787,676
TOTAL ASSETS LESS CURRENT
LIABILITIES

678,050

787,676

CREDITORS
Amounts falling due after more than one
year

7

1,500

1,500
NET ASSETS 676,550 786,176

CAPITAL AND RESERVES
Called up share capital 8 20 20
Retained earnings 676,530 786,156
SHAREHOLDERS' FUNDS 676,550 786,176

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 November 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her 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.

Orbital Repair Solutions Ltd (Registered number: 07448350)

Statement of Financial Position - continued
30 November 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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 4 August 2024 and were signed by:





S M Wardle - Director


Orbital Repair Solutions Ltd (Registered number: 07448350)

Notes to the Financial Statements
for the Year Ended 30 November 2023

1. STATUTORY INFORMATION

Orbital Repair Solutions 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.

Significant judgements and estimates
There are no significant judgements or estimates pertaining to these accounts that the directors feel need to be brought to the attention of users of these accounts.

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

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 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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

Financial instruments
Basic financial instruments comprising debtors, bank and cash balances are recorded at fair value.

Functional currency
The functional currency used by the company is £ Sterling.

3. EMPLOYEES AND DIRECTORS

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

Orbital Repair Solutions Ltd (Registered number: 07448350)

Notes to the Financial Statements - continued
for the Year Ended 30 November 2023

4. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£   
COST
Additions 100
At 30 November 2023 100
NET BOOK VALUE
At 30 November 2023 100

Fixed asset investments comprise 100% of the share capital Orbital Repair Solutions (Central) Ltd.

5. DEBTORS
2023 2022
£    £   
Amounts falling due within one year:
Trade debtors 118,639 93,257

Amounts falling due after more than one year:
Due from subsidiary company 100,000 -

Aggregate amounts 218,639 93,257

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Tax 142,462 76,617
VAT 36,424 26,305
Directors' current accounts 8,800 25,787
Accrued expenses 1,350 1,200
189,036 129,909

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Other loans 1,500 1,500

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
20 Ordinary 1 20 20