Company registration number SC440490 (Scotland)
ORBITAL CONNECTOR LTD
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024
PAGES FOR FILING WITH REGISTRAR
ORBITAL CONNECTOR LTD
Statement Of Financial Position
As At 31 March 2024
- 1 -
2024
2023
£
£
£
£
Current assets
121,802
176,944
Prepayments and accrued income
2,760
2,647
Creditors: amounts falling due within one year
(9,795)
(60,629)
Net current assets
114,767
118,962
Accruals and deferred income
(2,767)
(2,623)
Net assets
112,000
116,339
Capital and reserves
112,000
116,339
Notes to the financial statements
1
Director's benefits: advances, credit and guarantees
During the period, £258,666 was drawn by the directors and £242,188 was repaid. The balance due from the directors at the period end was £9,912 (2022 £6,566 due to directors). The balance owed is interest free, repayable on demand and has no fixed terms of repayment.
2
Employees
The average number of persons, including directors, employed by the company during the year was as follows:
2024
2023
Number
Number
Employees
Orbital Connector Ltd is a private company limited by shares incorporated in Scotland. The registered office is 10 Abbey Park Place, Dunfermline, Fife, KY12 7NZ.
For the year ended 31 March 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.
The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.
These financial statements have been prepared in accordance with the micro-entity provisions and in accordance with FRS 105 'The Financial Reporting Standard applicable to the Micro-entities Regime' and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
ORBITAL CONNECTOR LTD
Statement Of Financial Position (Continued)
As At 31 March 2024
- 2 -
The financial statements were approved and signed by the director and authorised for issue on 7 August 2024
Dr D Robertson
Director
Company registration number SC440490 (Scotland)