IRIS Accounts Production v24.2.0.383 11316619 Board of Directors 1.1.23 31.12.23 31.12.23 false true false false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh113166192022-12-31113166192023-12-31113166192023-01-012023-12-31113166192021-12-31113166192022-01-012022-12-31113166192022-12-3111316619ns15:EnglandWales2023-01-012023-12-3111316619ns14:PoundSterling2023-01-012023-12-3111316619ns10:Director12023-01-012023-12-3111316619ns10:PrivateLimitedCompanyLtd2023-01-012023-12-3111316619ns10:SmallEntities2023-01-012023-12-3111316619ns10:AuditExempt-NoAccountantsReport2023-01-012023-12-3111316619ns10:SmallCompaniesRegimeForDirectorsReport2023-01-012023-12-3111316619ns10:SmallCompaniesRegimeForAccounts2023-01-012023-12-3111316619ns10:FullAccounts2023-01-012023-12-311131661912023-01-012023-12-3111316619ns10:Director22023-01-012023-12-3111316619ns10:RegisteredOffice2023-01-012023-12-3111316619ns5:CurrentFinancialInstruments2023-12-3111316619ns5:CurrentFinancialInstruments2022-12-3111316619ns5:ShareCapital2023-12-3111316619ns5:ShareCapital2022-12-3111316619ns5:RetainedEarningsAccumulatedLosses2023-12-3111316619ns5:RetainedEarningsAccumulatedLosses2022-12-3111316619ns5:IntangibleAssetsOtherThanGoodwill2023-01-012023-12-3111316619ns5:PatentsTrademarksLicencesConcessionsSimilar2023-01-012023-12-3111316619ns5:PlantMachinery2023-01-012023-12-3111316619ns5:PatentsTrademarksLicencesConcessionsSimilar2022-12-3111316619ns5:PatentsTrademarksLicencesConcessionsSimilar2023-12-3111316619ns5:PatentsTrademarksLicencesConcessionsSimilar2022-12-3111316619ns5:PlantMachinery2022-12-3111316619ns5:PlantMachinery2023-12-3111316619ns5:PlantMachinery2022-12-3111316619ns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-12-3111316619ns5:CurrentFinancialInstrumentsns5:WithinOneYear2022-12-31
REGISTERED NUMBER: 11316619 (England and Wales)



















Unaudited Financial Statements

for the Year Ended 31 December 2023

for

Orbit Design Limited

Orbit Design Limited (Registered number: 11316619)






Contents of the Financial Statements
for the Year Ended 31 December 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Orbit Design Limited

Company Information
for the Year Ended 31 December 2023







DIRECTORS: R M Radcliffe
T J Dolman





REGISTERED OFFICE: The Walnuts
Ingleby Road
Stanton by Bridge
Derbyshire
DE73 7HU





REGISTERED NUMBER: 11316619 (England and Wales)





ACCOUNTANTS: Bates Weston LLP
Chartered Accountants
The Mills
Canal Street
Derby
DE1 2RJ

Orbit Design Limited (Registered number: 11316619)

Balance Sheet
31 December 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 4,523 9,048
Tangible assets 5 11,017 18,320
15,540 27,368

CURRENT ASSETS
Debtors 6 24,168 27,433
Cash at bank 29,582 44,078
53,750 71,511
CREDITORS
Amounts falling due within one year 7 154,428 162,403
NET CURRENT LIABILITIES (100,678 ) (90,892 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(85,138

)

(63,524

)

CAPITAL AND RESERVES
Called up share capital 300 300
Retained earnings (85,438 ) (63,824 )
(85,138 ) (63,524 )

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.

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 Profit and Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 23 September 2024 and were signed on its behalf by:



R M Radcliffe - Director


Orbit Design Limited (Registered number: 11316619)

Notes to the Financial Statements
for the Year Ended 31 December 2023

1. STATUTORY INFORMATION

Orbit Design 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.

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 five years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 20% on cost

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

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.

Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2022 - 2 ) .

Orbit Design Limited (Registered number: 11316619)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023

4. INTANGIBLE FIXED ASSETS
Patents
and
licences
£   
COST
At 1 January 2023
and 31 December 2023 22,623
AMORTISATION
At 1 January 2023 13,575
Amortisation for year 4,525
At 31 December 2023 18,100
NET BOOK VALUE
At 31 December 2023 4,523
At 31 December 2022 9,048

5. TANGIBLE FIXED ASSETS
Plant and
machinery
£   
COST
At 1 January 2023
and 31 December 2023 36,517
DEPRECIATION
At 1 January 2023 18,197
Charge for year 7,303
At 31 December 2023 25,500
NET BOOK VALUE
At 31 December 2023 11,017
At 31 December 2022 18,320

6. DEBTORS
2023 2022
£    £   
Amounts falling due within one year:
Trade debtors - 3,630
Other debtors 2,743 1,926
Prepayments 2,425 6,877
5,168 12,433

Amounts falling due after more than one year:
Deferred tax asset 19,000 15,000

Aggregate amounts 24,168 27,433

Orbit Design Limited (Registered number: 11316619)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023

6. DEBTORS - continued

Deferred tax asset20232022
££

Trading losses19,00015,000

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 3,203 11,253
Other creditors 29,900 29,900
Directors loan accounts 119,700 119,700
Accrued expenses 1,625 1,550
154,428 162,403