Acorah Software Products - Accounts Production 16.0.110 false true true 28 February 2023 1 March 2022 false 1 March 2023 29 February 2024 29 February 2024 13322191 Mr Edward Johns iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 13322191 2023-02-28 13322191 2024-02-29 13322191 2023-03-01 2024-02-29 13322191 frs-core:CurrentFinancialInstruments 2024-02-29 13322191 frs-core:BetweenOneFiveYears 2024-02-29 13322191 frs-core:ComputerEquipment 2024-02-29 13322191 frs-core:ComputerEquipment 2023-03-01 2024-02-29 13322191 frs-core:ComputerEquipment 2023-02-28 13322191 frs-core:WithinOneYear 2024-02-29 13322191 frs-core:ShareCapital 2024-02-29 13322191 frs-core:RetainedEarningsAccumulatedLosses 2024-02-29 13322191 frs-bus:PrivateLimitedCompanyLtd 2023-03-01 2024-02-29 13322191 frs-bus:FilletedAccounts 2023-03-01 2024-02-29 13322191 frs-bus:SmallEntities 2023-03-01 2024-02-29 13322191 frs-bus:AuditExempt-NoAccountantsReport 2023-03-01 2024-02-29 13322191 frs-bus:SmallCompaniesRegimeForAccounts 2023-03-01 2024-02-29 13322191 frs-bus:Director1 2023-03-01 2024-02-29 13322191 frs-countries:EnglandWales 2023-03-01 2024-02-29 13322191 2022-02-28 13322191 2023-02-28 13322191 2022-03-01 2023-02-28 13322191 frs-core:CurrentFinancialInstruments 2023-02-28 13322191 frs-core:BetweenOneFiveYears 2023-02-28 13322191 frs-core:WithinOneYear 2023-02-28 13322191 frs-core:ShareCapital 2023-02-28 13322191 frs-core:RetainedEarningsAccumulatedLosses 2023-02-28
Registered number: 13322191
Orbital Journey Ltd
Unaudited Financial Statements
For The Year Ended 29 February 2024
Contents
Page
Statement of Financial Position 1—2
Notes to the Financial Statements 3—4
Page 1
Statement of Financial Position
Registered number: 13322191
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 1,293 -
1,293 -
CURRENT ASSETS
Debtors 5 73,032 56,108
Cash at bank and in hand 4,736 -
77,768 56,108
Creditors: Amounts Falling Due Within One Year 6 (71,606 ) (54,571 )
NET CURRENT ASSETS (LIABILITIES) 6,162 1,537
TOTAL ASSETS LESS CURRENT LIABILITIES 7,455 1,537
PROVISIONS FOR LIABILITIES
Deferred Taxation (246 ) -
NET ASSETS 7,209 1,537
CAPITAL AND RESERVES
Called up share capital 1 1
Income Statement 7,208 1,536
SHAREHOLDERS' FUNDS 7,209 1,537
Page 1
Page 2
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 member has 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.
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
Mr Edward Johns
Director
20 November 2024
The notes on pages 3 to 4 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Orbital Journey Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 13322191 . The registered office is 47 Greenlands Road, Weybridge, Surrey, KT13 8PR.
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
When preparing the financial statements, the directors have made an assessment of the company's ability to continue as a going concern. The company is considered a going concern as the directors have no intention to liquidate the company or to cease trading. In assessing whether the going concern assumption is appropriate, the directors have taken into account all available information about the future, which is at least, but is not limited to, twelve months from the date when the financial statements are authorised for issue.
2.3. 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.

2.4. 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:
Computer Equipment 3 years straight line
2.5. 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.
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: 1 (2023: 1)
1 1
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4. Tangible Assets
Computer Equipment
£
Cost
As at 1 March 2023 -
Additions 1,662
As at 29 February 2024 1,662
Depreciation
As at 1 March 2023 -
Provided during the period 369
As at 29 February 2024 369
Net Book Value
As at 29 February 2024 1,293
As at 1 March 2023 -
5. Debtors
2024 2023
£ £
Due within one year
Trade debtors 17,452 -
Other debtors 55,580 56,108
73,032 56,108
6. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Taxation and social security 71,606 54,571
7. Other Commitments
The total of future minimum lease payments under non-cancellable operating leases are as following:
2024 2023
£ £
Not later than one year 3,836 -
Later than one year and not later than five years 1,278 -
5,114 -
8. Directors Advances, Credits and Guarantees
Included within Debtors are the following loans to directors:
Director 1
At start of period - £43,069
Amounts advanced - £0
Amounts repaid - (£528)
At end of period - £42,541
The above loan is unsecured, interest free and repayable on demand.
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