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REGISTERED NUMBER: 04807044 (England and Wales)








UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2023

FOR

ORIEL COLLECTIONS LIMITED

ORIEL COLLECTIONS LIMITED (REGISTERED NUMBER: 04807044)






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




Page

Company information 1

Balance sheet 2

Notes to the financial statements 4


ORIEL COLLECTIONS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 December 2023







DIRECTORS: Mrs C A Jackson
C R Vicary





SECRETARY: Mrs C A Jackson





REGISTERED OFFICE: 3 Manchester Park
Tewkesbury Road
Cheltenham
Gloucestershire
GL51 9EJ





REGISTERED NUMBER: 04807044 (England and Wales)





ACCOUNTANTS: Mitchell Glanville Limited
41 Rodney Road
Cheltenham
Gloucestershire
GL50 1HX

ORIEL COLLECTIONS LIMITED (REGISTERED NUMBER: 04807044)

BALANCE SHEET
31 December 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 19,200 22,400
Tangible assets 5 58,719 73,332
Investments 6 1,000 1,000
78,919 96,732

CURRENT ASSETS
Debtors 7 742,882 671,973
Cash at bank 6,814 4,757
749,696 676,730
CREDITORS
Amounts falling due within one year 8 385,112 306,898
NET CURRENT ASSETS 364,584 369,832
TOTAL ASSETS LESS CURRENT
LIABILITIES

443,503

466,564

PROVISIONS FOR LIABILITIES 14,680 17,005
NET ASSETS 428,823 449,559

CAPITAL AND RESERVES
Called up share capital 1,000 1,000
Retained earnings 427,823 448,559
SHAREHOLDERS' FUNDS 428,823 449,559

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.

ORIEL COLLECTIONS LIMITED (REGISTERED NUMBER: 04807044)

BALANCE SHEET - 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 26 September 2024 and were signed on its behalf by:




Mrs C A Jackson - Director



C R Vicary - Director


ORIEL COLLECTIONS LIMITED (REGISTERED NUMBER: 04807044)

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

1. STATUTORY INFORMATION

Oriel Collections 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.

GOODWILL
Goodwill, being the amount paid in connection with the acquisition of a business in 0, is being amortised evenly over its estimated useful life of nil 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.
Telecoms equipment - 20% on cost
Fixtures and fittings - 10% on cost
Computer equipment - 25% on cost

INVESTMENTS IN SUBSIDIARIES
Investments in subsidiary undertakings are recognised at cost.

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.

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.

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.

ORIEL COLLECTIONS LIMITED (REGISTERED NUMBER: 04807044)

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

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 47 (2022 - 45 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 January 2023
and 31 December 2023 32,000
AMORTISATION
At 1 January 2023 9,600
Charge for year 3,200
At 31 December 2023 12,800
NET BOOK VALUE
At 31 December 2023 19,200
At 31 December 2022 22,400

5. TANGIBLE FIXED ASSETS
Fixtures
Telecoms and Computer
equipment fittings equipment Totals
£    £    £    £   
COST
At 1 January 2023 15,608 82,792 437,185 535,585
Additions - 2,785 20,998 23,783
At 31 December 2023 15,608 85,577 458,183 559,368
DEPRECIATION
At 1 January 2023 15,168 76,765 370,320 462,253
Charge for year 203 3,034 35,159 38,396
At 31 December 2023 15,371 79,799 405,479 500,649
NET BOOK VALUE
At 31 December 2023 237 5,778 52,704 58,719
At 31 December 2022 440 6,027 66,865 73,332

6. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£   
COST
At 1 January 2023
and 31 December 2023 1,000
NET BOOK VALUE
At 31 December 2023 1,000
At 31 December 2022 1,000

ORIEL COLLECTIONS LIMITED (REGISTERED NUMBER: 04807044)

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

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 296,546 262,104
Amounts owed by group undertakings 341,588 317,967
Other debtors 104,748 91,902
742,882 671,973

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 62,395 56,427
Taxation and social security 128,644 127,345
Other creditors 194,073 123,126
385,112 306,898

9. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
2023 2022
£    £   
Within one year 25,812 43,312
Between one and five years 10,775 32,265
36,587 75,577

10. RELATED PARTY DISCLOSURES

Included in debtors is £341,558 (2022 £317,967) owed to the company from wholly owned subsidiaries within the group.

Within other debtors is £11,597 (2022: £Nil) owed from HiFlights Ltd, who the directors hold shares.

All transactions were at arms length.