Registered number
12801535
ORJ Ltd
Filleted Accounts
31 August 2024
ORJ Ltd
Registered number: 12801535
Balance Sheet
as at 31 August 2024
Notes 2024 2023
£ £ £ £
Fixed assets
Tangible assets 3 348,679 3,845
Investments 4 1,234,221 -
1,582,900 3,845
Current assets
Debtors 5 23,229 28,832
Cash at bank and in hand 6,857 94,752
30,086 123,584
Creditors: amounts falling due within one year 6 (149,123) (54,356)
Net current (liabilities)/assets (119,037) 69,228
Total assets less current liabilities 1,463,863 73,073
Creditors: amounts falling due after more than one year 7 (1,375,325) -
Net assets 88,538 73,073
Capital and reserves
Called up share capital 100 100
Profit and loss account 88,438 72,973
Shareholder's funds 88,538 73,073
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his 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.
O R Jones
Director
Approved by the board on 18 January 2025
ORJ Ltd
Notes to the Accounts
for the year ended 31 August 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.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Fixtures, fittings, tools and equipment 20% reducing balance
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.
Pensions
Contributions to defined contribution plans are expensed in the period to which they relate.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 1 1
3 Tangible fixed assets
Land and buildings Plant and machinery etc Total
£ £ £
Cost
At 1 September 2023 - 5,516 5,516
Additions 344,910 815 345,725
At 31 August 2024 344,910 6,331 351,241
Depreciation
At 1 September 2023 - 1,671 1,671
Charge for the year - 891 891
At 31 August 2024 - 2,562 2,562
Net book value
At 31 August 2024 344,910 3,769 348,679
At 31 August 2023 - 3,845 3,845
4 Investments
Other
investments
£
Cost
Additions 1,234,221
At 31 August 2024 1,234,221
5 Debtors 2024 2023
£ £
Trade debtors 23,229 23,462
Other debtors - 5,370
23,229 28,832
6 Creditors: amounts falling due within one year 2024 2023
£ £
Trade creditors 14,474 16,570
Taxation and social security costs 14,498 17,197
Other creditors 120,151 20,589
149,123 54,356
7 Creditors: amounts falling due after one year 2024 2023
£ £
Bank loans 1,375,325 -
8 Loans to directors
Description and conditions B/fwd Paid Repaid C/fwd
£ £ £ £
O R Jones
Directors loan (20,589) 30,296 (129,858) (120,151)
(20,589) 30,296 (129,858) (120,151)
9 Controlling party
The controlling party is O R Jones by virtue of shareholding.
10 Other information
ORJ Ltd is a private company limited by shares and incorporated in England. Its registered office is:
Tan-Y-Deri
Llangan
Bridgend
CF35 5DR
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