Registered number
13886927
Orbis Africa Ltd
Unaudited Filleted Accounts
31 March 2024
Orbis Africa Ltd
Registered number: 13886927
Balance Sheet
as at 31 March 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 1,206 -
Current assets
Debtors 4 142,228 78,221
Cash at bank and in hand 22,554 13,900
164,782 92,121
Creditors: amounts falling due within one year 5 (175,513) (86,632)
Net current (liabilities)/assets (10,731) 5,489
Net (liabilities)/assets (9,525) 5,489
Capital and reserves
Called up share capital 4 2
Profit and loss account (9,529) 5,487
Shareholders' funds (9,525) 5,489
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
D H L Webb
Director
Approved by the board on 28 November 2024
Orbis Africa Ltd
Notes to the Accounts
for the year ended 31 March 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
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 from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. 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.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Foreign currency translation
Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 1 2
3 Tangible fixed assets
Plant and machinery etc
£
Cost
Additions 1,608
At 31 March 2024 1,608
Depreciation
Charge for the year 402
At 31 March 2024 402
Net book value
At 31 March 2024 1,206
4 Debtors 2024 2023
£ £
Directors loan account 64,993 20,036
Other debtors 77,235 58,185
142,228 78,221
5 Creditors: amounts falling due within one year 2024 2023
£ £
Trade creditors 638 228
Taxation and social security costs 21,140 8,049
Other creditors 153,735 78,355
175,513 86,632
6 Loans to directors
Description and conditions B/fwd Paid Repaid C/fwd
£ £ £ £
D H L Webb
During the year the company provided a loan to the director, D H L Webb. Interest is charged on this loan at current official HMRC rates.
20,036 44,957 - 64,993
20,036 44,957 - 64,993
7 Controlling party
In the opinion of the Directors, the company is controlled by the director D H L Webb, who operates the day to day running of the company and has 100% shareholding in the company.
8 Other information
Orbis Africa Ltd is a private company limited by shares and incorporated in England. Its registered office is:
C/o Morgan Accountants
Duke Court, Bridge Street
Kingsbridge
Devon
TQ7 1HX
Orbis Africa Ltd 13886927 false 2023-04-01 2024-03-31 2024-03-31 VT Final Accounts April 2024 D H L Webb No description of principal activity 13886927 2022-04-01 2023-03-31 13886927 core:WithinOneYear 2023-03-31 13886927 core:ShareCapital 2023-03-31 13886927 core:RetainedEarningsAccumulatedLosses 2023-03-31 13886927 2023-04-01 2024-03-31 13886927 bus:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 13886927 bus:AuditExemptWithAccountantsReport 2023-04-01 2024-03-31 13886927 bus:Director40 2023-04-01 2024-03-31 13886927 1 2023-04-01 2024-03-31 13886927 2 2023-04-01 2024-03-31 13886927 core:PlantMachinery 2023-04-01 2024-03-31 13886927 bus:Director1 2023-04-01 2024-03-31 13886927 bus:Director1 1 2023-04-01 2024-03-31 13886927 countries:England 2023-04-01 2024-03-31 13886927 bus:FRS102 2023-04-01 2024-03-31 13886927 bus:FilletedAccounts 2023-04-01 2024-03-31 13886927 2024-03-31 13886927 core:WithinOneYear 2024-03-31 13886927 core:ShareCapital 2024-03-31 13886927 core:RetainedEarningsAccumulatedLosses 2024-03-31 13886927 core:PlantMachinery 2024-03-31 13886927 bus:Director1 1 2024-03-31 13886927 2023-03-31 13886927 bus:Director1 1 2023-03-31 iso4217:GBP xbrli:pure