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ORBIT SCAFFOLDING LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2023






ORBIT SCAFFOLDING LIMITED (REGISTERED NUMBER: 06739038)

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










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


ORBIT SCAFFOLDING LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 DECEMBER 2023







DIRECTORS: G Child
Mrs K L Child





REGISTERED OFFICE: Unit 4B Olympia Trading Estate
Geldard Lane
Leeds
LS12 6AL





REGISTERED NUMBER: 06739038 (England and Wales)





ACCOUNTANTS: Wilkinson and Partners
Moors House
11 South Hawksworth Street
Ilkley
West Yorkshire
LS29 9DX

ORBIT SCAFFOLDING LIMITED (REGISTERED NUMBER: 06739038)

BALANCE SHEET
31 DECEMBER 2023

31.12.23 31.12.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 154,804 112,452

CURRENT ASSETS
Debtors 5 55,668 93,879
Cash at bank and in hand 52,319 45,027
107,987 138,906
CREDITORS
Amounts falling due within one year 6 89,879 114,766
NET CURRENT ASSETS 18,108 24,140
TOTAL ASSETS LESS CURRENT LIABILITIES 172,912 136,592

CREDITORS
Amounts falling due after more than one
year

7

53,194

28,289
NET ASSETS 119,718 108,303

CAPITAL AND RESERVES
Called up share capital 8 100 100
Retained earnings 119,618 108,203
SHAREHOLDERS' FUNDS 119,718 108,303

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 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.

ORBIT SCAFFOLDING LIMITED (REGISTERED NUMBER: 06739038)

BALANCE SHEET - continued
31 DECEMBER 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 28 August 2024 and were signed on its behalf by:




G Child - Director



Mrs K L Child - Director


ORBIT SCAFFOLDING LIMITED (REGISTERED NUMBER: 06739038)

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


1. STATUTORY INFORMATION

Orbit Scaffolding 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.

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

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Short leasehold - 20% on cost
Plant and machinery - 25% on reducing balance
Fixtures and fittings - 15% on cost
Motor vehicles - 25% on 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.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 11 (2022 - 12 ) .

ORBIT SCAFFOLDING LIMITED (REGISTERED NUMBER: 06739038)

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


4. TANGIBLE FIXED ASSETS
Fixtures
Short Plant and and Motor
leasehold machinery fittings vehicles Totals
£    £    £    £    £   
COST
At 1 January 2023 8,286 237,429 22,134 119,490 387,339
Additions - 25,497 - 82,566 108,063
At 31 December 2023 8,286 262,926 22,134 202,056 495,402
DEPRECIATION
At 1 January 2023 6,629 143,245 21,802 103,211 274,887
Charge for year 1,657 32,920 208 30,926 65,711
At 31 December 2023 8,286 176,165 22,010 134,137 340,598
NET BOOK VALUE
At 31 December 2023 - 86,761 124 67,919 154,804
At 31 December 2022 1,657 94,184 332 16,279 112,452

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Trade debtors 49,700 89,688
Prepayments 5,968 4,191
55,668 93,879

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Bank loans and overdrafts 13,289 15,133
Hire purchase contracts 17,346 2,275
Trade creditors 8,032 31,735
Social security and other taxes 8,140 6,793
VAT 7,706 10,509
Other creditors 400 921
Directors' current accounts 33,112 45,583
Accrued expenses 1,854 1,817
89,879 114,766

The Directors Loan Account(s) are interest free and repayable on demand.

ORBIT SCAFFOLDING LIMITED (REGISTERED NUMBER: 06739038)

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


7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
31.12.23 31.12.22
£    £   
Bank loans 15,253 28,289
Hire purchase contracts 37,941 -
53,194 28,289

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.12.23 31.12.22
value: £    £   
100 Ordinary 1 100 100