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Registered number: 14492514
Orbital Bloom Ltd
Unaudited Financial Statements
For the Period 1 December 2023 to 31 October 2024
Contents
Page
Statement of Financial Position 1
Statement of Changes in Equity 2
Notes to the Financial Statements 3
Page 1
Statement of Financial Position
Registered number: 14492514
31 October 2024 30 November 2023
as restated
Notes £ £ £ £
CURRENT ASSETS
Debtors 5 1,780 4,860
Cash at bank and in hand 166 1,858
1,946 6,718
Creditors: Amounts Falling Due Within One Year 6 (2,018 ) (2,388 )
NET CURRENT ASSETS (LIABILITIES) (72 ) 4,330
TOTAL ASSETS LESS CURRENT LIABILITIES (72 ) 4,330
NET (LIABILITIES)/ASSETS (72 ) 4,330
CAPITAL AND RESERVES
Called up share capital 100 100
Income Statement (172 ) 4,230
SHAREHOLDERS' FUNDS (72) 4,330
For the period ending 31 October 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 directors acknowledge their 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.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Income Statement.
On behalf of the board
Dr A Kawash
Director
19/11/2024
The notes on page 3 form part of these financial statements.
Page 1
Page 2
Statement of Changes in Equity
Share Capital Income Statement Total
£ £ £
As at 18 November 2022 - - -
Profit for the period and total comprehensive income - 4,230 4,230
Arising on shares issued during the period 100 - 100
As at 30 November 2023 as restated 100 4,230 4,330
As at 1 December 2023 as previously stated 100 5,222 5,322
Prior year adjustment - (992 ) (992 )
As at 1 December 2023 as restated 100 4,230 4,330
4,230
Loss for the period and total comprehensive income - (4,402 ) (4,402)
As at 31 October 2024 100 (172 ) (72)
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Orbital Bloom Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 14492514 . The registered office is 28 Batoum Gardens, London, W6 7QD.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Going Concern Disclosure
The Director ceased trading on 31 October 2024; therefore, the financial statements have been prepared on a break-up basis rather than a going concern basis. No adjustments were required to the carrying amounts of the remaining net assets in these financial statements.
2.3. Foreign Currencies
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the statement of financial position date. Transactions in foreign currencies are translated into sterling at the rate ruling on the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
2.4. Taxation
Income tax expense represents the sum of the tax currently payable.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
3. Average Number of Employees
Average number of employees, including directors, during the period was: 2 (2023: 2)
2 2
4. Prior Period Adjustment
The directors have become aware that some corporation tax liabilities were excluded from the accounts for the year ended 30 November 2023, which has been corrected as a prior-year adjustment.
5. Debtors
31 October 2024 30 November 2023
as restated
£ £
Due within one year
Other debtors 1,780 4,860
6. Creditors: Amounts Falling Due Within One Year
31 October 2024 30 November 2023
as restated
£ £
Trade creditors 78 -
Other creditors 1,940 1,083
Taxation and social security - 1,305
2,018 2,388
Page 3