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REGISTERED NUMBER: 03438215 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023

FOR

OROSTREAM INTERNATIONAL CONTRACTS
LIMITED

OROSTREAM INTERNATIONAL CONTRACTS
LIMITED (REGISTERED NUMBER: 03438215)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4

Chartered Accountants' Report 8

OROSTREAM INTERNATIONAL CONTRACTS
LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 DECEMBER 2023







DIRECTORS: S R Dewhurst
T R Abbott
G D McCallum





SECRETARY: S R Dewhurst





REGISTERED OFFICE: Beacon House
Croft Road
Crowborough
East Sussex
TN6 1DL





REGISTERED NUMBER: 03438215 (England and Wales)





ACCOUNTANTS: Synergee Limited
Pluto House
6 Vale Avenue
Tunbridge Wells
Kent
TN1 1DJ

OROSTREAM INTERNATIONAL CONTRACTS
LIMITED (REGISTERED NUMBER: 03438215)

STATEMENT OF FINANCIAL POSITION
31 DECEMBER 2023

2023 2022
Notes £    £   
FIXED ASSETS
Tangible assets 4 22,623 8,924

CURRENT ASSETS
Stocks 7,837 29,942
Debtors 5 1,867,034 1,835,509
Cash at bank and in hand 122,619 673,137
1,997,490 2,538,588
CREDITORS
Amounts falling due within one year 6 (1,098,289 ) (1,546,674 )
NET CURRENT ASSETS 899,201 991,914
TOTAL ASSETS LESS CURRENT
LIABILITIES

921,824

1,000,838

CREDITORS
Amounts falling due after more than one year 7 (200,000 ) (300,000 )

PROVISIONS FOR LIABILITIES (3,291 ) -
NET ASSETS 718,533 700,838

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 718,433 700,738
SHAREHOLDERS' FUNDS 718,533 700,838

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.

OROSTREAM INTERNATIONAL CONTRACTS
LIMITED (REGISTERED NUMBER: 03438215)

STATEMENT OF FINANCIAL POSITION - continued
31 DECEMBER 2023


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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 18 September 2024 and were signed on its behalf by:





S R Dewhurst - Director


OROSTREAM INTERNATIONAL CONTRACTS
LIMITED (REGISTERED NUMBER: 03438215)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

1. STATUTORY INFORMATION

Orostream International Contracts 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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.

Turnover is recognised to the extent that it is probable that the economic benefits will flow to the company, and they can be reliably measured. Turnover represents contracts from the provision of services, turnover is recognised in the period in which the services are provided, in accordance with the stage of completion and when all of the following conditions are satisfied:

- the amount of turnover can be reliably measured;
- it is probable that consideration will be receivable;
- the stage of completion of the contract can be reliably measured, and
- the costs incurred and costs to complete the contract can be reliably measured.

When the outcome of a construction contract can be reliably measured, contract costs and turnover are recognised by reference to the stage of completion at the reporting date.

When the outcome cannot be reliably measured, contract costs are recognised as an expense in the period in which they occur, and turnover is recognised to the extent that the recovery of costs incurred is probable.

When it is probable that contract costs will exceed total contract turnover, the expected loss is recognised as an expense immediately.

Retentions are recognised at the expected recoverable value at the reporting date.

Amounts recoverable on contract, included within debtors, represents the value of services provided but not yet billed.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life.
Plant and machinery etc - 33% on cost, 25% on reducing balance and 15% on cost

Stocks
Stock is stated at the lower of cost and net realisable value - being the estimated selling price less costs to complete. Cost is based on the cost of purchase on a weighted average basis.

OROSTREAM INTERNATIONAL CONTRACTS
LIMITED (REGISTERED NUMBER: 03438215)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2023

2. ACCOUNTING POLICIES - continued

Financial instruments
The company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors and loans from banks and other third parties.

Debt instruments payable after one year including loans and finance leases are initially measured at the present value of future cash flows and subsequently measured at amortised cost using the effective interest rate method (EIR).

Debt instruments that are payable or receivable within one year, typically trade debtors and creditors are measured and carried at the consideration expected to be paid or received.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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 14 (2022 - 14 ) .

OROSTREAM INTERNATIONAL CONTRACTS
LIMITED (REGISTERED NUMBER: 03438215)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2023

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 January 2023 187,308
Additions 21,259
At 31 December 2023 208,567
DEPRECIATION
At 1 January 2023 178,384
Charge for year 7,560
At 31 December 2023 185,944
NET BOOK VALUE
At 31 December 2023 22,623
At 31 December 2022 8,924

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 887,439 1,339,891
Amounts recoverable on contract 836,381 430,000
Other debtors 143,214 65,618
1,867,034 1,835,509

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 100,000 100,000
Trade creditors 729,718 1,175,623
Taxation and social security 260,977 229,027
Other creditors 7,594 42,024
1,098,289 1,546,674

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2023 2022
£    £   
Bank loans 200,000 300,000

8. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
2023 2022
£    £   
Between one and five years 24,000 -

OROSTREAM INTERNATIONAL CONTRACTS
LIMITED (REGISTERED NUMBER: 03438215)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2023

9. SECURED DEBTS

The following secured debts are included within creditors:

2023 2022
£    £   
Bank loans 300,000 400,000

The bank loan is secured by fixed and floating charges over the company's assets.

10. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 December 2023 and 31 December 2022:

2023 2022
£    £   
S R Dewhurst
Balance outstanding at start of year 23,171 25,757
Amounts advanced 51,539 23,171
Amounts repaid (23,171 ) (25,757 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 51,539 23,171

G D McCallum
Balance outstanding at start of year - 3,650
Amounts repaid - (3,650 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year - -

T R Abbott
Balance outstanding at start of year - 12,752
Amounts advanced 778 -
Amounts repaid - (12,752 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 778 -

Amounts advanced to directors are unsecured and repayable on demand. Interest has been charged at HMRC's official rate on overdrawn balances over £10,000.

CHARTERED ACCOUNTANTS' REPORT TO THE BOARD OF DIRECTORS
ON THE UNAUDITED FINANCIAL STATEMENTS OF
OROSTREAM INTERNATIONAL CONTRACTS
LIMITED

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Statement of Financial Position. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Orostream International Contracts Limited for the year ended 31 December 2023 which comprise the Income Statement, Other Comprehensive Income, Statement of Financial Position, Statement of Changes in Equity and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of Orostream International Contracts Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Orostream International Contracts Limited and state those matters that we have agreed to state to the Board of Directors of Orostream International Contracts Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Orostream International Contracts Limited and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Orostream International Contracts Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Orostream International Contracts Limited. You consider that Orostream International Contracts Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Orostream International Contracts Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






Synergee Limited
Pluto House
6 Vale Avenue
Tunbridge Wells
Kent
TN1 1DJ


18 September 2024