Registered number
02955591
Orion Design and Print Limited
Unaudited Filleted Accounts
31 January 2024
Orion Design and Print Limited
Registered number: 02955591
Balance Sheet
as at 31 January 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 79,204 23,236
Current assets
Stocks 9,600 12,300
Debtors 4 304,214 1,022,223
Cash at bank and in hand 1,053,550 1,015,240
1,367,364 2,049,763
Creditors: amounts falling due within one year 5 (66,275) (299,038)
Net current assets 1,301,089 1,750,725
Net assets 1,380,293 1,773,961
Capital and reserves
Called up share capital 102 102
Profit and loss account 1,380,191 1,773,859
Shareholders' funds 1,380,293 1,773,961
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.
The financial statements have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved and authorised for issue on:
George Christodoulou
Director
Signed on behalf of the board on 29 March 2024
Orion Design and Print Limited
Notes to the financial statements
for the year ended 31 January 2024
1 Accounting policies
Basis of preparation
Orion Design and Print is a company limited by shares incorporated in England within the United Kingdom. The registration number and the address of the registered office is given in the company information on page 1 of these financial statements. The company's principle place of business is 1 Temple Parade, Netherlands Road, Barnet, Herts, EN5 1DN.

The financial statements cover the individual entity, are presented in sterling which is the functional currency of the company and are not rounded.

The financial statements have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).

The significant accounting policies applied in the preparation of these financial statements are set out below.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Fixtures, fittings and equipment 15% reducing balance
Motor Vehicle 20% straight line balance
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Provisions
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.
Leased assets
A lease is classified as a finance lease if it transfers substantially all the risks and rewards incidental to ownership. All other leases are classified as operating leases. The rights of use and obligations under finance leases are initially recognised as assets and liabilities at amounts equal to the fair value of the leased assets or, if lower, the present value of the minimum lease payments. Minimum lease payments are apportioned between the finance charge and the reduction in the outstanding liability using the effective interest rate method. The finance charge is allocated to each period during the lease so as to produce a constant periodic rate of interest on the remaining balance of the liability. Leased assets are depreciated in accordance with the company's policy for tangible fixed assets. If there is no reasonable certainty that ownership will be obtained at the end of the lease term, the asset is depreciated over the lower of the lease term and its useful life. Operating lease payments are recognised as an expense on a straight line basis over the lease term.
Pensions
Contributions to defined contribution plans are expensed in the period to which they relate.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 6 7
3 Tangible fixed assets
Equipment, fixtures & fittings Motor vehicles Total
£ £ £
Cost
At 1 February 2023 97,050 - 97,050
Additions 819 63,565 64,384
At 31 January 2024 97,869 63,565 161,434
Depreciation
At 1 February 2023 73,814 - 73,814
Charge for the year 3,649 4,767 8,416
At 31 January 2024 77,463 4,767 82,230
Net book value
At 31 January 2024 20,406 58,798 79,204
At 31 January 2023 23,236 - 23,236
4 Debtors 2024 2023
£ £
Trade debtors 107,270 945,122
Other debtors 196,944 77,101
304,214 1,022,223
5 Creditors: amounts falling due within one year 2024 2023
£ £
Director's account - 13,420
Other creditors 7,379 4,863
Accruals 3,000 3,690
Trade creditors 28,431 111,316
Taxation and social security costs 27,465 165,749
66,275 299,038
6 Other financial commitments 2024 2023
£ £
Total future minimum payments under non-cancellable operating leases 11,280 13,007
7 Related party transactions
George Christodoulou
Director and shareholder
Equity dividends of £110,000 was awarded during the year.
Maria Christodoulou
Secretary and shareholder
Equity dividends of £110,000 was awarded during the year.
Non -equity dividends of £20,000 was awarded during the year.
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