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REGISTERED NUMBER: 11627187 (England and Wales)









Report of the Directors and

Unaudited Financial Statements

for the Year Ended 30 June 2024

for

Greenorbit Software Limited

Greenorbit Software Limited (Registered number: 11627187)






Contents of the Financial Statements
for the Year Ended 30 June 2024




Page

Company Information 1

Report of the Directors 2

Balance Sheet 3

Notes to the Financial Statements 4


Greenorbit Software Limited

Company Information
for the Year Ended 30 June 2024







DIRECTORS: T Milner
J R Thompson





SECRETARY: T Milner





REGISTERED OFFICE: Old Printers Yard
156 South Street
Dorking
Surrey
RH4 2HF





BUSINESS ADDRESS: Hemerdon
Nower Road
Dorking
Surrey
RH4 3BX





REGISTERED NUMBER: 11627187 (England and Wales)





ACCOUNTANTS: Bullimores LLP
Chartered Accountants
Old Printers Yard
156 South Street
Dorking
Surrey
RH4 2HF

Greenorbit Software Limited (Registered number: 11627187)

Report of the Directors
for the Year Ended 30 June 2024

The directors present their report with the financial statements of the company for the year ended 30 June 2024.

PRINCIPAL ACTIVITY
The principal activity of the company in the year under review was that of intranet provision and hosting.

REVIEW OF BUSINESS
The results for the year are as shown in the annexed financial statements. The directors have reviewed the company's position and there are no circumstances that give rise to a concern that the company will not be able to trade for at least twelve months from the signing of these financial statements. They are of the opinion that, provided the group will support the company, the going concern basis is appropriate. As such, these financial statements have been prepared on the going concern basis.

DIRECTORS
The directors shown below have held office during the whole of the period from 1 July 2023 to the date of this report.

T Milner
J R Thompson

STATEMENT OF DIRECTORS' RESPONSIBILITIES
The directors are responsible for preparing the Report of the Directors and the financial statements in accordance with applicable law and regulations.

Company law requires the directors to prepare financial statements for each financial year. Under that law the directors have elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law), including Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'. Under company law the directors must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the company and of the profit or loss of the company for that period. In preparing these financial statements, the directors are required to:

- select suitable accounting policies and then apply them consistently;
- make judgements and accounting estimates that are reasonable and prudent;
- prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business.

The directors are responsible for keeping adequate accounting records that are sufficient to show and explain the company's transactions and disclose with reasonable accuracy at any time the financial position of the company and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

This report has been prepared in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

ON BEHALF OF THE BOARD:





T Milner - Director


19 November 2024

Greenorbit Software Limited (Registered number: 11627187)

Balance Sheet
30 June 2024

30.6.24 30.6.23
Notes £    £   
CURRENT ASSETS
Debtors 5 15,445 20,506
Cash at bank 13,258 22,988
28,703 43,494
CREDITORS
Amounts falling due within one year 6 119,031 128,357
NET CURRENT LIABILITIES (90,328 ) (84,863 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(90,328

)

(84,863

)

CAPITAL AND RESERVES
Called up share capital 1,000 1,000
Retained earnings (91,328 ) (85,863 )
(90,328 ) (84,863 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 19 November 2024 and were signed on its behalf by:





T Milner - Director


Greenorbit Software Limited (Registered number: 11627187)

Notes to the Financial Statements
for the Year Ended 30 June 2024

1. STATUTORY INFORMATION

Greenorbit Software Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).


2. STATEMENT OF COMPLIANCE

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements have been prepared under the historical cost convention.

Related party exemption
The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Subscription income is recognised on a monthly basis when the service has been provided and the company has fulfilled its obligations.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Greenorbit Software Limited (Registered number: 11627187)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2024

3. ACCOUNTING POLICIES - continued

Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2023 - 1 ) .

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.24 30.6.23
£    £   
Trade debtors 14,467 19,677
Amounts owed by group undertakings 729 729
Other debtors 100 100
VAT 149 -
15,445 20,506

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.24 30.6.23
£    £   
Amounts owed to group undertakings 65,851 65,851
VAT - 1,678
Accruals and deferred income 53,180 60,828
119,031 128,357

7. ULTIMATE PARENT COMPANY

The ultimate controlling party is Knosys Limited.

The ultimate parent company is Knosys Limited which is incorporated in Australia. Consolidated accounts are published and can be obtained from Level 8, 31 Queen Street, Melbourne VIC 3000, Australia.

8. BASIS OF PREPARATION

The company relies on the continued support from the group. The directors have received assurances from the parent company that they will continue to provide support to Greenorbit Software Limited for the foreseeable future and that no repayment of any inter company debt will be required until such time that sufficient cash is available within Greenorbit Software Limited. On this basis and all other available information, the directors consider that it is appropriate to prepare these financial statements on the going concern basis.