Caseware UK (AP4) 2023.0.135 2023.0.135 2023-10-312023-10-312falsePublishers2022-11-012truetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 09250217 2022-11-01 2023-10-31 09250217 2021-11-01 2022-10-31 09250217 2023-10-31 09250217 2022-10-31 09250217 c:Director1 2022-11-01 2023-10-31 09250217 c:Director2 2022-11-01 2023-10-31 09250217 d:OfficeEquipment 2022-11-01 2023-10-31 09250217 d:OfficeEquipment 2023-10-31 09250217 d:OfficeEquipment 2022-10-31 09250217 d:OfficeEquipment d:OwnedOrFreeholdAssets 2022-11-01 2023-10-31 09250217 d:CurrentFinancialInstruments 2023-10-31 09250217 d:CurrentFinancialInstruments 2022-10-31 09250217 d:Non-currentFinancialInstruments 2023-10-31 09250217 d:Non-currentFinancialInstruments 2022-10-31 09250217 d:CurrentFinancialInstruments d:WithinOneYear 2023-10-31 09250217 d:CurrentFinancialInstruments d:WithinOneYear 2022-10-31 09250217 d:Non-currentFinancialInstruments d:BetweenOneTwoYears 2023-10-31 09250217 d:Non-currentFinancialInstruments d:BetweenOneTwoYears 2022-10-31 09250217 d:Non-currentFinancialInstruments d:BetweenTwoFiveYears 2023-10-31 09250217 d:Non-currentFinancialInstruments d:BetweenTwoFiveYears 2022-10-31 09250217 d:Non-currentFinancialInstruments d:MoreThanFiveYears 2023-10-31 09250217 d:Non-currentFinancialInstruments d:MoreThanFiveYears 2022-10-31 09250217 c:FRS102 2022-11-01 2023-10-31 09250217 c:AuditExempt-NoAccountantsReport 2022-11-01 2023-10-31 09250217 c:FullAccounts 2022-11-01 2023-10-31 09250217 c:PrivateLimitedCompanyLtd 2022-11-01 2023-10-31 09250217 2 2022-11-01 2023-10-31 09250217 e:PoundSterling 2022-11-01 2023-10-31 iso4217:GBP xbrli:pure

Registered number: 09250217









ORENDA BOOKS LTD







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 OCTOBER 2023

 
ORENDA BOOKS LTD
REGISTERED NUMBER: 09250217

BALANCE SHEET
AS AT 31 OCTOBER 2023

2023
2022
£
£


Fixed assets
385
1,238

Current assets
539,952
440,159

Creditors: amounts falling due within one year
(502,922)
(392,639)

Net current assets
 
 
37,030
 
 
47,520

Total assets less current liabilities
37,415
48,758

Creditors: amounts falling due after more than one year
(37,222)
(47,917)


Net assets
193
841



Capital and reserves
193
841


The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 24 October 2024.






K Sullivan
M Okore
Director
Director

The notes on pages 2 to 8 form part of these financial statements.

Page 1

 
ORENDA BOOKS LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2023

1.


General information

Orenda Books Ltd is a private limited liabity company with share capital incorporated in England & Wales under company number 09250217 with its registered office is 16 Carson Road, London SE21 8HU.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The following principal accounting policies have been applied:

 
2.2

Foreign currency translation

Functional and presentation currency

The Company's functional and presentational currency is GBP
The accounts have been rounded to the nearest whole £. 

Transactions and balances

Foreign currency transactions are translated into the functional currency using the spot exchange rates at the dates of the transactions.

At each period end foreign currency monetary items are translated using the closing rate. Non-monetary items measured at historical cost are translated using the exchange rate at the date of the transaction and non-monetary items measured at fair value are measured using the exchange rate when fair value was determined.

Foreign exchange gains and losses resulting from the settlement of transactions and from the translation at period-end exchange rates of monetary assets and liabilities denominated in foreign currencies are recognised in profit or loss except when deferred in other comprehensive income as qualifying cash flow hedges.

Foreign exchange gains and losses that relate to borrowings and cash and cash equivalents are presented in the Statement of income and retained earnings within 'finance income or costs'. All other foreign exchange gains and losses are presented in profit or loss within 'other operating income'.

Page 2

 
ORENDA BOOKS LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2023

2.Accounting policies (continued)

 
2.3

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Sale of goods

Revenue from the sale of goods is recognised when all of the following conditions are satisfied:
the Company has transferred the significant risks and rewards of ownership to the buyer;
the Company retains neither continuing managerial involvement to the degree usually associated with ownership nor effective control over the goods sold;
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the transaction; and
the costs incurred or to be incurred in respect of the transaction can be measured reliably.

 
2.4

Government grants

Grants are accounted under the accruals model as permitted by FRS 102. Grants relating to expenditure on tangible fixed assets are credited to profit or loss at the same rate as the depreciation on the assets to which the grant relates. The deferred element of grants is included in creditors as deferred income.
Grants of a revenue nature are recognised in the Statement of income and retained earnings in the same period as the related expenditure.

 
2.5

Interest income

Interest income is recognised in profit or loss using the effective interest method.

 
2.6

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

 
2.7

Borrowing costs

All borrowing costs are recognised in profit or loss in the year in which they are incurred.

 
2.8

Taxation

Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the Company operates and generates income.

Page 3

 
ORENDA BOOKS LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2023

2.Accounting policies (continued)

 
2.9

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method.

Depreciation is provided on the following basis:

Office equipment
-
33% straight line

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

 
2.10

Stocks

Stocks are stated at the lower of cost and net realisable value, being the estimated selling price less costs to complete and sell. Cost is based on the cost of purchase on a weighted average basis. Work in progress and finished goods include labour and attributable overheads.

At each balance sheet date, stocks are assessed for impairment. If stock is impaired, the carrying amount is reduced to its selling price less costs to complete and sell. The impairment loss is recognised immediately in profit or loss.

 
2.11

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

 
2.12

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

Page 4

 
ORENDA BOOKS LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2023

2.Accounting policies (continued)

 
2.13

Financial instruments

The Company has elected to apply the provisions of Section 11 “Basic Financial Instruments” of FRS 102 to all of its financial instruments.

The Company has elected to apply the recognition and measurement provisions of IFRS 9 Financial Instruments (as adopted by the UK Endorsement Board) with the disclosure requirements of Sections 11 and 12 and the other presentation requirements of FRS 102.

Financial instruments are recognised in the Company's Balance sheet when the Company becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Basic financial assets

Basic financial assets, which include trade and other receivables, cash and bank balances, are initially measured at their transaction price including transaction costs and are subsequently carried at their amortised cost using the effective interest method, less any provision for impairment, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest.

Discounting is omitted where the effect of discounting is immaterial. The Company's cash and cash equivalents, trade and most other receivables due with the operating cycle fall into this category of financial instruments.

 
2.14

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.


3.


Judgments in applying accounting policies and key sources of estimation uncertainty

In the application of the company's accounting policies, the director is required to make judgements, estimates and assumptions about the carrying amounts of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.
The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revisions affects only that period, or in the period of the revision and future periods where the revisions affects both current and future periods.


4.


Employees

The average monthly number of employees, including directors, during the year was 2 (2022 - 2).

Page 5

 
ORENDA BOOKS LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2023

5.


Tangible fixed assets





Office equipment

£



Cost or valuation


At 1 November 2022
4,280



At 31 October 2023

4,280



Depreciation


At 1 November 2022
3,041


Charge for the year on owned assets
853



At 31 October 2023

3,894



Net book value



At 31 October 2023
386



At 31 October 2022
1,238


6.


Debtors

2023
2022
£
£


Trade debtors
72,917
52,975

Other debtors
122,540
95,018

Prepayments and accrued income
48,068
33,287

243,525
181,280


Page 6

 
ORENDA BOOKS LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2023

7.


Creditors: Amounts falling due within one year

2023
2022
£
£

Bank overdrafts
22,804
23,247

Bank and other loans
37,022
62,122

Trade creditors
217,222
143,250

Corporation tax
86,960
67,413

Other creditors
58,409
37,360

Accruals and deferred income
80,505
59,247

502,922
392,639


The following liabilities were secured:

2023
2022
£
£



Bank overdrafts
22,804
23,247

Bank and other loans
37,022
62,122

59,826
85,369

Details of security provided:

The liabilities are secured by fixed charges and floating charges over the assets of the company and by guarantees given by the directors. 


8.


Creditors: Amounts falling due after more than one year

2023
2022
£
£

Bank and other loans
37,222
47,917


The following liabilities were secured:

2023
2022
£
£



Bank and other loans
37,222
47,917

Details of security provided:

The liabilities are secured by fixed charges and floating charges over the assets of the company and by guarantees given by the directors. 

Page 7

 
ORENDA BOOKS LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2023

9.


Loans


Analysis of the maturity of loans is given below:


2023
2022
£
£

Amounts falling due within one year

Bank loans
37,022
62,122

Amounts falling due 1-2 years

Bank loans
10,388
10,000

Amounts falling due 2-5 years

Bank loans
26,835
32,084

Amounts falling due after more than 5 years

Bank loans
-
5,833

74,245
110,039



10.


Transactions with directors

The director maintains a loan account with the company. At the beginning of the year the directors owed £67,175 to the company. During the year there were advances to the director of £101,851 (2022: £95,675) and repayments of £75,000 (2022: £50,139). During the year interest of £1,683 was charged and no amounts were written off. At the year end date the directors owed the company £95,709.

Page 8