Orvia Group Limited 04180478 false 2023-04-01 2024-03-31 2024-03-31 The principal activity of the company is the provision of centralised management support for contract management for other group companies. Digita Accounts Production Advanced 6.30.9574.0 true true 04180478 2023-04-01 2024-03-31 04180478 2024-03-31 04180478 core:RetainedEarningsAccumulatedLosses 2024-03-31 04180478 core:CurrentFinancialInstruments 2024-03-31 04180478 core:CurrentFinancialInstruments core:WithinOneYear 2024-03-31 04180478 core:DevelopmentCostsCapitalisedDevelopmentExpenditure 2024-03-31 04180478 core:FurnitureFittingsToolsEquipment 2024-03-31 04180478 bus:SmallEntities 2023-04-01 2024-03-31 04180478 bus:AuditExemptWithAccountantsReport 2023-04-01 2024-03-31 04180478 bus:FilletedAccounts 2023-04-01 2024-03-31 04180478 bus:SmallCompaniesRegimeForAccounts 2023-04-01 2024-03-31 04180478 bus:RegisteredOffice 2023-04-01 2024-03-31 04180478 bus:Director1 2023-04-01 2024-03-31 04180478 bus:CompanyLimitedByGuarantee 2023-04-01 2024-03-31 04180478 bus:Agent1 2023-04-01 2024-03-31 04180478 core:IntangibleAssetsOtherThanGoodwill 2023-04-01 2024-03-31 04180478 core:FurnitureFittings 2023-04-01 2024-03-31 04180478 core:FurnitureFittingsToolsEquipment 2023-04-01 2024-03-31 04180478 countries:EnglandWales 2023-04-01 2024-03-31 04180478 2023-03-31 04180478 core:DevelopmentCostsCapitalisedDevelopmentExpenditure 2023-03-31 04180478 core:FurnitureFittingsToolsEquipment 2023-03-31 04180478 2022-04-01 2023-03-31 04180478 2023-03-31 04180478 core:RetainedEarningsAccumulatedLosses 2023-03-31 04180478 core:CurrentFinancialInstruments 2023-03-31 04180478 core:CurrentFinancialInstruments core:WithinOneYear 2023-03-31 04180478 core:FurnitureFittingsToolsEquipment 2023-03-31 iso4217:GBP xbrli:pure

Registration number: 04180478

Orvia Group Limited

(A company limited by guarantee)

Unaudited Filleted Financial Statements

for the Year Ended 31 March 2024

 

Orvia Group Limited

Contents

Company Information

1

Accountants' Report

2

Balance Sheet

3

Notes to the Unaudited Financial Statements

4 to 7

 

Orvia Group Limited

Company Information

Director

Mr K R Clark

Registered office

Pendle Enterprise Haven
138 Every Street
Nelson
Lancashire
BB9 7EX

Accountants

Hargreaves Brown & Benson
Chartered Accountants
1 Bond Street
Colne
Lancashire
BB8 9DG

 

Chartered Accountants' Report to the Director on the Preparation of the Unaudited Statutory Accounts of
Orvia Group Limited
for the Year Ended 31 March 2024

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Orvia Group Limited for the year ended 31 March 2024 as set out on pages 3 to 7 from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at
http://www.icaew.com/regulation.

This report is made solely to the Board of Directors of Orvia Group Limited, as a body. Our work has been undertaken solely to prepare for your approval the accounts of Orvia Group Limited and state those matters that we have agreed to state to the Board of Directors of Orvia Group Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16 AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Orvia Group Limited and its Board of Directors as a body for our work or for this report.

It is your duty to ensure that Orvia Group Limited has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and loss of Orvia Group Limited. You consider that Orvia Group Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the accounts of Orvia Group Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.

......................................

Hargreaves Brown & Benson
Chartered Accountants
1 Bond Street
Colne
Lancashire
BB8 9DG

30 October 2024

 

Orvia Group Limited

(Registration number: 04180478)
Balance Sheet as at 31 March 2024

Note

2024
£

2023
£

Fixed assets

 

Tangible assets

5

117

163

Investment property

6

210,631

209,631

 

210,748

209,794

Current assets

 

Debtors

7

118,352

110,646

Cash at bank and in hand

 

230,153

294,140

 

348,505

404,786

Creditors: Amounts falling due within one year

8

(1,545)

(2,219)

Net current assets

 

346,960

402,567

Net assets

 

557,708

612,361

Reserves

 

Retained earnings

557,708

612,361

Surplus

 

557,708

612,361

For the financial year ending 31 March 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the director has not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the director on 30 October 2024
 

.........................................
Mr K R Clark
Director

 

Orvia Group Limited

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

1

General information

The company is a company limited by guarantee, incorporated in England and Wales, and consequently does not have share capital. Each of the members is liable to contribute an amount not exceeding £1 towards the assets of the company in the event of liquidation.

The address of its registered office is:
Pendle Enterprise Haven
138 Every Street
Nelson
Lancashire
BB9 7EX

These financial statements were authorised for issue by the director on 30 October 2024.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Going concern

The financial statements have been prepared on a going concern basis.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Fixtures and fittings

25% and 33% reducing balance

 

Orvia Group Limited

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

Investment property

Investment properties are held to earn rentals and/or for capital appreciation. Investment properties are initially measured at cost, including transaction costs.
Subsequently investment properties are measured at fair value. Investment property valuations are based on a market value. Deferred tax is provided on these movements. Gains and losses arising from changes in fair value of investment properties are included in the Statement of Income and Retained Earnings in the period in which they arise.

Amortisation

Amortisation is provided on intangible assets so as to write off the cost, less any estimated residual value, over their useful life as follows:

Asset class

Amortisation method and rate

Website development

33% straight line

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

3

Staff numbers

The average number of persons employed by the company (including the director) during the year was 1 (2023 - 1).

 

Orvia Group Limited

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

4

Intangible assets

Internally generated software development costs
 £

Total
£

Cost or valuation

At 1 April 2023

13,990

13,990

At 31 March 2024

13,990

13,990

Amortisation

At 1 April 2023

13,990

13,990

At 31 March 2024

13,990

13,990

Carrying amount

At 31 March 2024

-

-

5

Tangible assets

Furniture, fittings and equipment
 £

Total
£

Cost or valuation

At 1 April 2023

20,460

20,460

At 31 March 2024

20,460

20,460

Depreciation

At 1 April 2023

20,297

20,297

Charge for the year

46

46

At 31 March 2024

20,343

20,343

Carrying amount

At 31 March 2024

117

117

At 31 March 2023

163

163

 

Orvia Group Limited

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

6

Investment properties

2024
£

At 1 April

209,631

Additions

1,000

At 31 March

210,631

There has been no valuation of investment property by an independent valuer.

7

Debtors

2024
£

2023
£

Trade debtors

109,741

109,741

Other debtors

8,611

905

118,352

110,646

8

Creditors

Creditors: amounts falling due within one year

2024
£

2023
£

Due within one year

Trade creditors

889

2,074

Taxation and social security

656

145

1,545

2,219