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Company Registration No. 09573848 (England and Wales)
Oriya Ltd Unaudited accounts for the year ended 31 May 2024
Oriya Ltd Unaudited accounts Contents
Page
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Oriya Ltd Company Information for the year ended 31 May 2024
Director
Kirit Pindoriya
Company Number
09573848 (England and Wales)
Registered Office
163 St Pauls Avenue Harrow HA3 9PT England
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Oriya Ltd Statement of financial position as at 31 May 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
843 
524 
Current assets
Debtors
4,450 
4,750 
Cash at bank and in hand
3,401 
2,098 
7,851 
6,848 
Creditors: amounts falling due within one year
(4,047)
(3,445)
Net current assets
3,804 
3,403 
Total assets less current liabilities
4,647 
3,927 
Creditors: amounts falling due after more than one year
(1,800)
(3,600)
Provisions for liabilities
Deferred tax
(170)
(99)
Net assets
2,677 
228 
Capital and reserves
Called up share capital
1 
1 
Profit and loss account
2,676 
227 
Shareholders' funds
2,677 
228 
For the year ending 31 May 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
The members have agreed to the preparation of abridged accounts for the year in accordance with Section 444(2A).
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 4 September 2024 and were signed on its behalf by
Kirit Pindoriya Director Company Registration No. 09573848
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Oriya Ltd Notes to the Accounts for the year ended 31 May 2024
1
Statutory information
Oriya Ltd is a private company, limited by shares, registered in England and Wales, registration number 09573848. The registered office is 163 St Pauls Avenue, Harrow, HA3 9PT, England.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. 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.
Financial instruments
Basic financial instruments are recognised at amortised cost, except for investments in non-convertible preference and non-puttable ordinary shares which are measured at fair value, with changes recognised in profit or loss. Derivative financial instruments are initially recorded at cost and thereafter at fair value with changes recognised in profit or loss. Financial assets that are measured at cost and amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in profit and loss. At each reporting date non-financial assets not carried at fair value, like plant, property and equipment are reviewed to determine whether there is an indication that an asset may be impaired. If there is an indication of possible impairment, the recoverable amount of any asset or group of related assets, which is the higher of value in use and the fair value less cost to sell, is estimated and compared with its carrying amount. If the recoverable amount is lower, the carrying amount of the asset is reduced to its recoverable amount and an impairment loss is recognised immediately in profit or loss.
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Oriya Ltd Notes to the Accounts for the year ended 31 May 2024
Taxation
Taxation expense represents the aggregate amount of current tax and deferred tax recognised in the reportingperiod. Tax currently payable, relating to UK corporation tax is calculated on the basis of the tax rates and laws that have been enacted or substantively enacted as at the reporting date. Deferred tax is recognised on all timing differences that have originated but not reversed at the reporting date transactions or events that result in an obligation to pay more tax in the future or a right to pay less tax in future give rise to a deferred tax liability or asset. Deferred tax arises from timing differences that are differences between taxable profits and total comprehensive income as stated in the financial statements. Timing differences result from the inclusion of income and expense in the assessments in periods different from those in which they are recognised in the financial statements. 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 differences. The tax expense is recognised in the same component or comprehensive income or equity as the transaction or other event that resulted in the tax expense. Deferred tax assets are recognised only to the extent that, on the basis of all available evidence, it is deemed probable that there will be suitable taxable profits from which the future reversal of the underlying timing differences can be deducted.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Fixtures & fittings
25% Reducing balance
Computer equipment
25% Reducing balance
4
Tangible fixed assets
Total 
£ 
Cost or valuation
At 1 June 2023
3,921 
Additions
600 
At 31 May 2024
4,521 
Depreciation
At 1 June 2023
3,397 
Charge for the year
281 
At 31 May 2024
3,678 
Net book value
At 31 May 2024
843 
At 31 May 2023
524 
5
Loans to directors
Interest has been charged on loans at HMRC approved rates.
6
Average number of employees
During the year the average number of employees was 0 (2023: 1).
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