Orange Matter Limited SC682792 false 2023-01-01 2023-12-31 2023-12-31 The principal activity of the company is software publishing Digita Accounts Production Advanced 6.30.9574.0 true true SC682792 2023-01-01 2023-12-31 SC682792 2023-12-31 SC682792 core:CurrentFinancialInstruments core:WithinOneYear 2023-12-31 SC682792 bus:SmallEntities 2023-01-01 2023-12-31 SC682792 bus:AuditExemptWithAccountantsReport 2023-01-01 2023-12-31 SC682792 bus:FilletedAccounts 2023-01-01 2023-12-31 SC682792 bus:SmallCompaniesRegimeForAccounts 2023-01-01 2023-12-31 SC682792 bus:RegisteredOffice 2023-01-01 2023-12-31 SC682792 bus:Director1 2023-01-01 2023-12-31 SC682792 bus:PrivateLimitedCompanyLtd 2023-01-01 2023-12-31 SC682792 countries:Scotland 2023-01-01 2023-12-31 SC682792 2022-01-01 2022-12-31 SC682792 2022-12-31 SC682792 core:CurrentFinancialInstruments core:WithinOneYear 2022-12-31 iso4217:GBP xbrli:pure

Registration number: SC682792

Orange Matter Limited

Unaudited Financial Statements

for the Year Ended 31 December 2023

 

Orange Matter Limited

Contents

Statement of Financial Position

1

Notes to the Unaudited Financial Statements

2 to 3

 

Orange Matter Limited

(Registration number: SC682792)
Statement of Financial Position as at 31 December 2023

Note

2023
£

2022
£

Current assets

 

Cash at bank and in hand

 

13,781

1,502

Creditors: Amounts falling due within one year

4

(29,570)

(9,224)

Net liabilities

 

(15,789)

(7,722)

Capital and reserves

 

Called up share capital

2

2

Retained earnings

(15,791)

(7,724)

Shareholders' deficit

 

(15,789)

(7,722)

For the financial year ending 31 December 2023 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the Company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The Directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the Directors have not delivered to the registrar a copy of the Income Statement.

Approved and authorised by the Board on 18 September 2024 and signed on its behalf by:
 

.........................................
Mr Yunis Mohammed Ibrahim Mattar
Director

 

Orange Matter Limited

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

1

General information

The Company is a private company limited by share capital, incorporated in Scotland.

The address of its registered office is:
85/1 Ashley Terrace
Edinburgh
EH11 1RT
United Kingdom

These financial statements were authorised for issue by the Board on 18 September 2024.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Going concern

The financial statements have been prepared on a going concern basis.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the Company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The Company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the Company's activities.

 

Orange Matter Limited

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

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the Company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

Financial instruments

Classification
Financial instruments are classified and accounted for, according to the substance of the contractual agreement, as either financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.
 

3

Staff numbers

The average number of persons employed by the Company (including Directors) during the year, was 1 (2022 - 0).

4

Creditors

Creditors: amounts falling due within one year

2023
£

2022
£

Due within one year

Taxation and social security

480

-

Accruals and deferred income

643

600

Other creditors

28,447

8,624

29,570

9,224