Acorah Software Products - Accounts Production 16.0.110 false true 28 February 2023 1 March 2022 false 1 March 2023 29 February 2024 29 February 2024 04137996 Mr C R Westhorp Mr M J Westhorp iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 04137996 2023-02-28 04137996 2024-02-29 04137996 2023-03-01 2024-02-29 04137996 frs-core:CurrentFinancialInstruments 2024-02-29 04137996 frs-core:ComputerEquipment 2024-02-29 04137996 frs-core:ComputerEquipment 2023-03-01 2024-02-29 04137996 frs-core:ComputerEquipment 2023-02-28 04137996 frs-core:MotorVehicles 2024-02-29 04137996 frs-core:MotorVehicles 2023-03-01 2024-02-29 04137996 frs-core:MotorVehicles 2023-02-28 04137996 frs-core:PlantMachinery 2024-02-29 04137996 frs-core:PlantMachinery 2023-03-01 2024-02-29 04137996 frs-core:PlantMachinery 2023-02-28 04137996 frs-core:ShareCapital 2024-02-29 04137996 frs-core:RetainedEarningsAccumulatedLosses 2024-02-29 04137996 frs-bus:PrivateLimitedCompanyLtd 2023-03-01 2024-02-29 04137996 frs-bus:FilletedAccounts 2023-03-01 2024-02-29 04137996 frs-bus:SmallEntities 2023-03-01 2024-02-29 04137996 frs-bus:AuditExemptWithAccountantsReport 2023-03-01 2024-02-29 04137996 frs-bus:SmallCompaniesRegimeForAccounts 2023-03-01 2024-02-29 04137996 frs-bus:Director1 2023-03-01 2024-02-29 04137996 frs-bus:Director2 2023-03-01 2024-02-29 04137996 frs-countries:EnglandWales 2023-03-01 2024-02-29 04137996 2022-02-28 04137996 2023-02-28 04137996 2022-03-01 2023-02-28 04137996 frs-core:CurrentFinancialInstruments 2023-02-28 04137996 frs-core:ShareCapital 2023-02-28 04137996 frs-core:RetainedEarningsAccumulatedLosses 2023-02-28
Registered number: 04137996
Ortensio Limited
Unaudited Financial Statements
For The Year Ended 29 February 2024
Sherwin Currid Accountancy Limited
Chartered Certified Accountants
32 London Road
Guildford
Surrey
GU1 2AB
Contents
Page
Accountant's Report 1
Balance Sheet 2—3
Notes to the Financial Statements 4—6
Page 1
Accountant's Report
Report to the directors on the preparation of the unaudited statutory accounts of Ortensio Limited For The Year Ended 29 February 2024
To assist you to fulfil your duties under the Companies Act 2006, I have prepared for your approval the accounts of Ortensio Limited which comprise the Profit and Loss Account, the Balance Sheet and the related notes, from the company’s accounting records and from information and explanations you have given us.
As a practising member of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at http://www.accaglobal.com/en/member/professional-standards/rules-standards/acca-rulebook.html.
This report is made to the directors of Ortensio Limited , as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the accounts of Ortensio Limited and state those matters that we have agreed to state to the directors of Ortensio Limited , as a body, in this report in accordance with the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/content/dam/ACCA_Global/Technical/fact/technical-factsheet-163.pdf. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Ortensio Limited and its directors as a body for our work or for this report.
It is your duty to ensure that Ortensio 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 profit or loss of Ortensio Limited . You consider that Ortensio 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 Ortensio 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 financial statements.
Signed
18 November 2024
Sherwin Currid Accountancy Limited
Chartered Certified Accountants
32 London Road
Guildford
Surrey
GU1 2AB
Page 1
Page 2
Balance Sheet
Registered number: 04137996
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 10,757 15,230
10,757 15,230
CURRENT ASSETS
Debtors 5 85,831 82,661
Cash at bank and in hand 361,008 392,013
446,839 474,674
Creditors: Amounts Falling Due Within One Year 6 (59,928 ) (71,157 )
NET CURRENT ASSETS (LIABILITIES) 386,911 403,517
TOTAL ASSETS LESS CURRENT LIABILITIES 397,668 418,747
NET ASSETS 397,668 418,747
CAPITAL AND RESERVES
Called up share capital 7 200 200
Profit and Loss Account 397,468 418,547
SHAREHOLDERS' FUNDS 397,668 418,747
Page 2
Page 3
For the year ending 29 February 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 Profit and Loss Account.
On behalf of the board
Mr C R Westhorp
Director
18 November 2024
The notes on pages 4 to 6 form part of these financial statements.
Page 3
Page 4
Notes to the Financial Statements
1. General Information
Ortensio Limited is a private company, limited by shares, incorporated in England & Wales, registered number 04137996 . The registered office is 68 Glaziers Lane, Normandy, Guildford, GU3 2DQ.
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. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
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. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Plant & Machinery 25% Reducing Balance
Motor Vehicles 25% Reducing Balance
Computer Equipment 25% Reducing Balance
2.4. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
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.
...CONTINUED
Page 4
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2.4. Taxation - continued
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
Current and deferred tax are recognised in profit or loss for the year, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case current and deferred tax are recognised in other comprehensive income or directly in equity respectively.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 9 (2023: 9)
9 9
4. Tangible Assets
Plant & Machinery Motor Vehicles Computer Equipment Total
£ £ £ £
Cost
As at 1 March 2023 25,126 56,783 2,171 84,080
Additions 2,222 - - 2,222
Disposals (8,045 ) (6,395 ) (648 ) (15,088 )
As at 29 February 2024 19,303 50,388 1,523 71,214
Depreciation
As at 1 March 2023 18,135 49,580 1,135 68,850
Provided during the period 1,723 1,750 207 3,680
Disposals (5,438 ) (6,193 ) (442 ) (12,073 )
As at 29 February 2024 14,420 45,137 900 60,457
Net Book Value
As at 29 February 2024 4,883 5,251 623 10,757
As at 1 March 2023 6,991 7,203 1,036 15,230
Page 5
Page 6
5. Debtors
2024 2023
£ £
Due within one year
Trade debtors 85,831 80,869
Other debtors - 1,792
85,831 82,661
6. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 783 2,565
Bank loans and overdrafts 10,435 -
Other creditors 1,746 16,018
Taxation and social security 46,964 52,574
59,928 71,157
7. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 200 200
Page 6