1 May 2023 false No description of principal activity Taxfiler 2024.5 07678302business:PrivateLimitedCompanyLtd2023-05-012024-04-30 076783022023-04-30 076783022023-05-012024-04-30 07678302business:AuditExempt-NoAccountantsReport2023-05-012024-04-30 07678302business:FilletedAccounts2023-05-012024-04-30 076783022024-04-30 076783022023-04-30 07678302core:WithinOneYear2024-04-30 07678302core:WithinOneYear2023-04-30 07678302core:AfterOneYear2024-04-30 07678302core:AfterOneYear2023-04-30 07678302core:ShareCapitalcore:PreviouslyStatedAmount2024-04-30 07678302core:ShareCapitalcore:PreviouslyStatedAmount2023-04-30 07678302core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2024-04-30 07678302core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2023-04-30 07678302core:PreviouslyStatedAmount2024-04-30 07678302core:PreviouslyStatedAmount2023-04-30 07678302business:SmallEntities2023-05-012024-04-30 07678302business:Director12023-05-012024-04-30 07678302countries:EnglandWales2023-05-012024-04-30 07678302business:RegisteredOffice2023-05-012024-04-30 07678302core:PlantMachinery2023-05-012024-04-30 07678302core:LandBuildings2023-04-30 07678302core:PlantMachinery2023-04-30 07678302core:LandBuildings2023-05-012024-04-30 07678302core:LandBuildings2024-04-30 07678302core:PlantMachinery2024-04-30 07678302core:DisposalsRepaymentsInvestments2024-04-30 076783022022-05-012023-04-30 iso4217:GBP xbrli:pure
Company Registration No. 07678302 (England and Wales)
ORBS ENERGY LTD Unaudited accounts for the year ended 30 April 2024
ORBS ENERGY LTD Statement of financial position as at 30 April 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
607,715 
591,178 
Investments
- 
100,000 
607,715 
691,178 
Current assets
Debtors
45,818 
113,292 
Cash at bank and in hand
143,832 
126,423 
189,650 
239,715 
Creditors: amounts falling due within one year
(183,963)
(169,686)
Net current assets
5,687 
70,029 
Total assets less current liabilities
613,402 
761,207 
Creditors: amounts falling due after more than one year
(199,930)
(323,902)
Net assets
413,472 
437,305 
Capital and reserves
Called up share capital
2 
2 
Profit and loss account
413,470 
437,303 
Shareholders' funds
413,472 
437,305 
For the year ending 30 April 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 14 October 2024 and were signed on its behalf by
CLIVE PINNICK Director Company Registration No. 07678302
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ORBS ENERGY LTD Notes to the Accounts for the year ended 30 April 2024
1
Statutory information
ORBS ENERGY LTD is a private company, limited by shares, registered in England and Wales, registration number 07678302. The registered office is SUITE 3 GREVILLE HOUSE, 1697A HIGH STREET KNOWLE, SOLIHULL, WEST MIDLANDS, B93 0LN.
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.
Turnover
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
Investment property
Investment properties are stated at Cost and are not depreciated.
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:
Plant & machinery
Straight line basis
4
Tangible fixed assets
Land & buildings 
Plant & machinery 
Total 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At 1 May 2023
586,178 
20,000 
606,178 
Additions
- 
24,614 
24,614 
At 30 April 2024
586,178 
44,614 
630,792 
Depreciation
At 1 May 2023
- 
15,000 
15,000 
Charge for the year
- 
8,077 
8,077 
At 30 April 2024
- 
23,077 
23,077 
Net book value
At 30 April 2024
586,178 
21,537 
607,715 
At 30 April 2023
586,178 
5,000 
591,178 
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ORBS ENERGY LTD Notes to the Accounts for the year ended 30 April 2024
5
Investments
Other investments 
£ 
Valuation at 1 May 2023
100,000 
Disposals
(100,000)
Valuation at 30 April 2024
- 
6
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Trade debtors
45,818 
14,673 
Other debtors
- 
98,619 
45,818 
113,292 
7
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Bank loans and overdrafts
20,000 
24,603 
Trade creditors
16,953 
- 
Amounts owed to group undertakings and other participating interests
125,883 
120,599 
Taxes and social security
19,825 
23,506 
Other creditors
1,302 
978 
183,963 
169,686 
8
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Bank loans
199,930 
323,902 
9
Average number of employees
During the year the average number of employees was 6 (2023: 6).
- 4 -