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REGISTERED NUMBER: 07473589









Unaudited Financial Statements

for the Year Ended 31 March 2024

for

V. ORLIAKLIS LTD

V. ORLIAKLIS LTD (REGISTERED NUMBER: 07473589)






Contents of the Financial Statements
for the Year Ended 31 March 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


V. ORLIAKLIS LTD

Company Information
for the Year Ended 31 March 2024







DIRECTOR: V Orliaklis





REGISTERED OFFICE: The Old Workshop
1 Ecclesall Road South
Sheffield
South Yorkshire
S11 9PA





REGISTERED NUMBER: 07473589





ACCOUNTANTS: Brown McLeod Limited
Chartered Accountants
The Old Workshop
1 Ecclesall Road South
Sheffield
South Yorkshire
S11 9PA

V. ORLIAKLIS LTD (REGISTERED NUMBER: 07473589)

Balance Sheet
31 March 2024

31.3.24 31.3.23
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 72,307 35,362
72,307 35,362

CURRENT ASSETS
Debtors 6 3,341,683 2,227,796
Cash at bank 326,941 624,933
3,668,624 2,852,729
CREDITORS
Amounts falling due within one year 7 313,932 177,929
NET CURRENT ASSETS 3,354,692 2,674,800
TOTAL ASSETS LESS CURRENT
LIABILITIES

3,426,999

2,710,162

CREDITORS
Amounts falling due after more than one year 8 (38,375 ) (22,124 )

PROVISIONS FOR LIABILITIES (17,085 ) (5,733 )
NET ASSETS 3,371,539 2,682,305

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings 3,371,537 2,682,303
SHAREHOLDERS' FUNDS 3,371,539 2,682,305

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 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.

V. ORLIAKLIS LTD (REGISTERED NUMBER: 07473589)

Balance Sheet - continued
31 March 2024


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 director and authorised for issue on 12 September 2024 and were signed by:





V Orliaklis - Director


V. ORLIAKLIS LTD (REGISTERED NUMBER: 07473589)

Notes to the Financial Statements
for the Year Ended 31 March 2024

1. STATUTORY INFORMATION

V. Orlaiklis 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.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2011, is being amortised evenly over its estimated useful life of ten years.

Goodwill, being the amount paid in connection with the acquisition of a business in 2017, is being amortised evenly over its estimated useful life of five years.

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.

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 - 25% on reducing balance
Fixtures and fittings - 25% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 25% on reducing balance

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 balance sheet date.


V. ORLIAKLIS LTD (REGISTERED NUMBER: 07473589)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

2. ACCOUNTING POLICIES - continued
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.

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 16 (2023 - 19 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 April 2023
and 31 March 2024 177,500
AMORTISATION
At 1 April 2023
and 31 March 2024 177,500
NET BOOK VALUE
At 31 March 2024 -
At 31 March 2023 -

V. ORLIAKLIS LTD (REGISTERED NUMBER: 07473589)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

5. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor Computer
machinery fittings vehicles equipment Totals
£    £    £    £    £   
COST
At 1 April 2023 110,164 19,505 - 16,987 146,656
Additions - 1,413 59,635 - 61,048
At 31 March 2024 110,164 20,918 59,635 16,987 207,704
DEPRECIATION
At 1 April 2023 85,491 16,658 - 9,145 111,294
Charge for year 6,169 1,065 14,909 1,960 24,103
At 31 March 2024 91,660 17,723 14,909 11,105 135,397
NET BOOK VALUE
At 31 March 2024 18,504 3,195 44,726 5,882 72,307
At 31 March 2023 24,673 2,847 - 7,842 35,362

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Trade debtors 155,473 156,071
Other debtors 3,186,210 2,071,725
3,341,683 2,227,796

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Bank loans and overdrafts 10,335 10,211
Hire purchase contracts 17,545 -
Trade creditors 206 -
Taxation and social security 284,123 165,659
Other creditors 1,723 2,059
313,932 177,929

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.3.24 31.3.23
£    £   
Bank loans 12,058 22,124
Hire purchase contracts 26,317 -
38,375 22,124

V. ORLIAKLIS LTD (REGISTERED NUMBER: 07473589)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

9. PENSION COMMITMENTS

As at 31st March 2024 there were outstanding pension commitments of £558.90 (2023 - £497.77).