1 false false false false false false false false false false true false false false false false false No description of principal activity 2022-12-01 Sage Accounts Production Advanced 2023 - FRS102_2023 6,334 1,960 8,294 3,035 2,285 5,320 2,974 3,299 xbrli:pure xbrli:shares iso4217:GBP 06739148 2022-12-01 2023-11-30 06739148 2023-11-30 06739148 2022-11-30 06739148 2021-12-01 2022-11-30 06739148 2022-11-30 06739148 2021-11-30 06739148 bus:Director1 2022-12-01 2023-11-30 06739148 core:WithinOneYear 2023-11-30 06739148 core:WithinOneYear 2022-11-30 06739148 core:ShareCapital 2023-11-30 06739148 core:ShareCapital 2022-11-30 06739148 core:RetainedEarningsAccumulatedLosses 2023-11-30 06739148 core:RetainedEarningsAccumulatedLosses 2022-11-30 06739148 bus:Director1 2022-11-30 06739148 bus:Director1 2023-11-30 06739148 bus:Director1 2021-11-30 06739148 bus:Director1 2022-11-30 06739148 bus:Director1 2021-12-01 2022-11-30 06739148 bus:SmallEntities 2022-12-01 2023-11-30 06739148 bus:AuditExemptWithAccountantsReport 2022-12-01 2023-11-30 06739148 bus:SmallCompaniesRegimeForAccounts 2022-12-01 2023-11-30 06739148 bus:PrivateLimitedCompanyLtd 2022-12-01 2023-11-30 06739148 bus:FullAccounts 2022-12-01 2023-11-30 06739148 core:ComputerEquipment 2022-11-30 06739148 core:ComputerEquipment 2022-12-01 2023-11-30 06739148 core:ComputerEquipment 2023-11-30
COMPANY REGISTRATION NUMBER: 06739148
Orangedrop Limited
Filleted Unaudited Financial Statements
30 November 2023
Orangedrop Limited
Statement of Financial Position
30 November 2023
2023
2022
Note
£
£
Fixed assets
Tangible assets
5
2,974
3,299
Current assets
Debtors
6
6,021
1,210
Cash at bank and in hand
5,262
11,238
--------
--------
11,283
12,448
Creditors: amounts falling due within one year
7
13,649
14,718
--------
--------
Net current liabilities
2,366
2,270
-------
-------
Total assets less current liabilities
608
1,029
Provisions
Deferred taxation
566
627
----
-------
Net assets
42
402
----
-------
Capital and reserves
Called up share capital
1
1
Profit and loss account
41
401
----
----
Shareholder funds
42
402
----
----
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.
For the year ending 30 November 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
- The member has not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;
- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
Orangedrop Limited
Statement of Financial Position (continued)
30 November 2023
These financial statements were approved by the board of directors and authorised for issue on 21 August 2024 , and are signed on behalf of the board by:
Mr G L Preece
Director
Company registration number: 06739148
Orangedrop Limited
Notes to the Financial Statements
Year ended 30 November 2023
1. General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 22 Navigation Street, Trethomas, Caerphilly, CF83 8FR, Wales.
2. Statement of compliance
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis in sterling, which is the functional currency of the entity. The figures are rounded to the nearest whole pound. The principal activity of the company during the year was the provision of IT consultancy.
Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax. Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.
Income tax
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Tangible assets
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Equipment
-
33% p.a. Straight line
Provisions
Provisions are recognised when the entity has an obligation at the reporting date as a result of a past event, it is probable that the entity will be required to transfer economic benefits in settlement and the amount of the obligation can be estimated reliably. Provisions are recognised as a liability in the statement of financial position and the amount of the provision as an expense. Provisions are initially measured at the best estimate of the amount required to settle the obligation at the reporting date and subsequently reviewed at each reporting date and adjusted to reflect the current best estimate of the amount that would be required to settle the obligation. Any adjustments to the amounts previously recognised are recognised in profit or loss unless the provision was originally recognised as part of the cost of an asset. When a provision is measured at the present value of the amount expected to be required to settle the obligation, the unwinding of the discount is recognised as a finance cost in profit or loss in the period it arises.
Financial instruments
Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as either financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.
4. Employee numbers
The average number of persons employed by the company during the year amounted to 1 (2022: 1 ).
5. Tangible assets
Equipment
Total
£
£
Cost
At 1 December 2022
6,334
6,334
Additions
1,960
1,960
-------
-------
At 30 November 2023
8,294
8,294
-------
-------
Depreciation
At 1 December 2022
3,035
3,035
Charge for the year
2,285
2,285
-------
-------
At 30 November 2023
5,320
5,320
-------
-------
Carrying amount
At 30 November 2023
2,974
2,974
-------
-------
At 30 November 2022
3,299
3,299
-------
-------
6. Debtors
2023
2022
£
£
Trade debtors
6,021
1,210
-------
-------
7. Creditors: amounts falling due within one year
2023
2022
£
£
Trade creditors
1,163
1,035
Corporation tax
9,774
10,742
Other creditors
2,712
2,941
--------
--------
13,649
14,718
--------
--------
8. Directors' advances, credits and guarantees
During the year the directors entered into the following advances and credits with the company:
2023
Balance brought forward
Advances/ (credits) to the directors
Amounts repaid
Balance outstanding
£
£
£
£
Mr G L Preece
( 382)
181
( 201)
----
----
----
----
2022
Balance brought forward
Advances/ (credits) to the directors
Amounts repaid
Balance outstanding
£
£
£
£
Mr G L Preece
728
( 382)
( 728)
( 382)
----
----
----
----