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Company Registration No. 13865871 (England and Wales)
Orb7 Limited Unaudited accounts for the year ended 31 January 2024
Orb7 Limited Unaudited accounts Contents
Page
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Orb7 Limited Company Information for the year ended 31 January 2024
Director
Sharon Joseph
Company Number
13865871 (England and Wales)
Registered Office
53 Peartree Drive Bolton bl49rr United Kingdom
Accountants
Orb7 Limited 53 Peartree Drive,Farnworth,Bolton,Lanca Manchester Bolton Lancashire BL4 9RR
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Orb7 Limited Statement of financial position as at 31 January 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
701 
935 
Current assets
Debtors
1,025 
100 
Cash at bank and in hand
1,502 
343 
2,527 
443 
Creditors: amounts falling due within one year
(6,564)
(5,972)
Net current liabilities
(4,037)
(5,529)
Net liabilities
(3,336)
(4,594)
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
(3,436)
(4,694)
Shareholders' funds
(3,336)
(4,594)
For the year ending 31 January 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered 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 profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 26 October 2024 and were signed on its behalf by
Sharon Joseph Director Company Registration No. 13865871
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Orb7 Limited Notes to the Accounts for the year ended 31 January 2024
1
Statutory information
Orb7 Limited is a private company, limited by shares, registered in England and Wales, registration number 13865871. The registered office is 53, Peartree Drive, Bolton, bl49rr, United Kingdom.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
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 from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Computer equipment
25% diminishing balance method.
Work in progress
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
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Orb7 Limited Notes to the Accounts for the year ended 31 January 2024
4
Tangible fixed assets
Computer equipment 
£ 
Cost or valuation
At cost 
At 1 February 2023
1,246 
At 31 January 2024
1,246 
Depreciation
At 1 February 2023
311 
Charge for the year
234 
At 31 January 2024
545 
Net book value
At 31 January 2024
701 
At 31 January 2023
935 
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due after more than one year
Trade debtors
925 
- 
Other debtors
100 
100 
1,025 
100 
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Other creditors
6,564 
5,972 
7
Average number of employees
During the year the average number of employees was 2 (2023: 2).
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