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REGISTERED NUMBER: 13142891 (England and Wales)













Unaudited Financial Statements

for the Year Ended 31 January 2024

for

ORINSIS LTD

ORINSIS LTD (REGISTERED NUMBER: 13142891)






Contents of the Financial Statements
FOR THE YEAR ENDED 31 JANUARY 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


ORINSIS LTD

Company Information
FOR THE YEAR ENDED 31 JANUARY 2024







Director: Mr Z C F Cain





Registered office: 13 Maple Grove
Wigan
WN6 8QR





Registered number: 13142891 (England and Wales)





Accountants: NRB
1st Floor Waterside House
Waterside Drive
Wigan
Lancashire
WN3 5AZ

ORINSIS LTD (REGISTERED NUMBER: 13142891)

Balance Sheet
31 JANUARY 2024

31.1.24 31.1.23
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 82,500 105,000
Tangible assets 5 12,167 10,853
94,667 115,853

CURRENT ASSETS
Debtors 6 63,512 1,410
Cash at bank 152,927 170,055
216,439 171,465
CREDITORS
Amounts falling due within one year 7 39,066 39,365
NET CURRENT ASSETS 177,373 132,100
TOTAL ASSETS LESS CURRENT
LIABILITIES

272,040

247,953

PROVISIONS FOR LIABILITIES 8 3,042 2,062
NET ASSETS 268,998 245,891

CAPITAL AND RESERVES
Called up share capital 9 1 1
Retained earnings 268,997 245,890
SHAREHOLDERS' FUNDS 268,998 245,891

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

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 director and authorised for issue on 5 September 2024 and were signed by:



Mr Z C F Cain - Director


ORINSIS LTD (REGISTERED NUMBER: 13142891)

Notes to the Financial Statements
FOR THE YEAR ENDED 31 JANUARY 2024

1. STATUTORY INFORMATION

Orinsis 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.

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

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Patents and licences are being amortised evenly over their estimated useful life of seven years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 20% on reducing balance
Computer equipment - 20% on reducing balance

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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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 1 (2023 - 2 ) .

ORINSIS LTD (REGISTERED NUMBER: 13142891)

Notes to the Financial Statements - continued
FOR THE YEAR ENDED 31 JANUARY 2024

4. INTANGIBLE FIXED ASSETS
Patents
and
licences
£   
COST
At 1 February 2023
and 31 January 2024 150,000
AMORTISATION
At 1 February 2023 45,000
Amortisation for year 22,500
At 31 January 2024 67,500
NET BOOK VALUE
At 31 January 2024 82,500
At 31 January 2023 105,000

5. TANGIBLE FIXED ASSETS
Fixtures
and Computer
fittings equipment Totals
£    £    £   
COST
At 1 February 2023 4,855 7,768 12,623
Additions 310 3,768 4,078
At 31 January 2024 5,165 11,536 16,701
DEPRECIATION
At 1 February 2023 365 1,405 1,770
Charge for year 955 1,809 2,764
At 31 January 2024 1,320 3,214 4,534
NET BOOK VALUE
At 31 January 2024 3,845 8,322 12,167
At 31 January 2023 4,490 6,363 10,853

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.1.24 31.1.23
£    £   
Other debtors 63,512 1,410

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.1.24 31.1.23
£    £   
Taxation and social security 38,831 39,365
Other creditors 235 -
39,066 39,365

ORINSIS LTD (REGISTERED NUMBER: 13142891)

Notes to the Financial Statements - continued
FOR THE YEAR ENDED 31 JANUARY 2024

8. PROVISIONS FOR LIABILITIES
31.1.24 31.1.23
£    £   
Deferred tax 3,042 2,062

Deferred
tax
£   
Balance at 1 February 2023 2,062
Provided during year 980
Balance at 31 January 2024 3,042

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.1.24 31.1.23
value: £    £   
1 Ordinary £1 1 1