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Company Registration No. 13912792 (England and Wales)
Orbright Ltd Unaudited accounts for the year ended 29 February 2024
Orbright Ltd Unaudited accounts Contents
Page
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Orbright Ltd Company Information for the year ended 29 February 2024
Director
Ms Kimberley Tsui
Company Number
13912792 (England and Wales)
Registered Office
2 Exeter Street Cottingham East Riding Of Yorkshire HU16 4LU United Kingdom
Accountants
Kendall Accountancy Services Limited 2 Exeter Street New Village Road Cottingham East Yorkshire HU16 4LU
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Orbright Ltd Statement of financial position as at 29 February 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
4,160 
- 
Investments
- 
11,012 
4,160 
11,012 
Current assets
Cash at bank and in hand
102,832 
47,132 
Creditors: amounts falling due within one year
(76,822)
(34,815)
Net current assets
26,010 
12,317 
Net assets
30,170 
23,329 
Capital and reserves
Called up share capital
1 
1 
Profit and loss account
30,169 
23,328 
Shareholders' funds
30,170 
23,329 
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 director acknowledges her 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 12 November 2024 and were signed on its behalf by
Ms Kimberley Tsui Director Company Registration No. 13912792
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Orbright Ltd Notes to the Accounts for the year ended 29 February 2024
1
Statutory information
Orbright Ltd is a private company, limited by shares, registered in England and Wales, registration number 13912792. The registered office is 2 Exeter Street, Cottingham, East Riding Of Yorkshire, HU16 4LU, United Kingdom.
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.
Presentation currency
The accounts are presented in £ sterling.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. 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.
Investments
Investments in shares are included at fair value.
Pension costs
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
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
33% on cost
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Orbright Ltd Notes to the Accounts for the year ended 29 February 2024
4
Tangible fixed assets
Plant & machinery 
£ 
Cost or valuation
At cost 
At 1 March 2023
- 
Additions
4,674 
At 29 February 2024
4,674 
Depreciation
Charge for the year
514 
At 29 February 2024
514 
Net book value
At 29 February 2024
4,160 
5
Investments
Subsidiary undertakings 
£ 
Valuation at 1 March 2023
11,012 
Fair value adjustments
(11,012)
Valuation at 29 February 2024
- 
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Taxes and social security
8,663 
7,792 
Other creditors
- 
114 
Loans from directors
68,159 
26,909 
76,822 
34,815 
7
Share capital
2024 
2023 
£ 
£ 
Allotted, called up and fully paid:
1 Ordinary shares of £1 each
1 
1 
8
Average number of employees
During the year the average number of employees was 1 (2023: 1).
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