Company Registration No. 14110930 (England and Wales)
ORBIT CONSTRUCTION LTD
Unaudited accounts
for the year ended 31 May 2024
ORBIT CONSTRUCTION LTD
Unaudited accounts
Contents
ORBIT CONSTRUCTION LTD
Company Information
for the year ended 31 May 2024
Directors
Jack Hughes
Lee Nicholls
Company Number
14110930 (England and Wales)
Registered Office
FOUR ACRES MAESMAUR ROAD
TATSFIELD
WESTERHAM
TN16 2LD
ENGLAND
ORBIT CONSTRUCTION LTD
Statement of financial position
as at 31 May 2024
Tangible assets
40,629
16,180
Cash at bank and in hand
50,372
8,307
Creditors: amounts falling due within one year
(29,659)
(10,150)
Net current assets
37,633
18,743
Total assets less current liabilities
78,262
34,923
Creditors: amounts falling due after more than one year
(29,243)
(8,542)
Called up share capital
100
100
Profit and loss account
48,919
26,281
Shareholders' funds
49,019
26,381
For the year ending 31 May 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 directors acknowledge their 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 of Directors and authorised for issue on 29 August 2024 and were signed on its behalf by
Jack Hughes
Director
Company Registration No. 14110930
ORBIT CONSTRUCTION LTD
Notes to the Accounts
for the year ended 31 May 2024
ORBIT CONSTRUCTION LTD is a private company, limited by shares, registered in England and Wales, registration number 14110930. The registered office is FOUR ACRES MAESMAUR ROAD, TATSFIELD, WESTERHAM, TN16 2LD, ENGLAND.
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.
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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
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
20% Straight Line
Motor vehicles
20% Straight Line
4
Tangible fixed assets
Plant & machinery
Motor vehicles
Total
Cost or valuation
At cost
At cost
At 1 June 2023
20,225
-
20,225
At 31 May 2024
20,225
35,617
55,842
At 1 June 2023
4,045
-
4,045
Charge for the year
4,045
7,123
11,168
At 31 May 2024
8,090
7,123
15,213
At 31 May 2024
12,135
28,494
40,629
At 31 May 2023
16,180
-
16,180
ORBIT CONSTRUCTION LTD
Notes to the Accounts
for the year ended 31 May 2024
Amounts falling due within one year
Trade debtors
16,920
13,212
6
Creditors: amounts falling due within one year
2024
2023
Obligations under finance leases and hire purchase contracts
8,733
-
Taxes and social security
6,033
8,984
Loans from directors
-
1,166
7
Creditors: amounts falling due after more than one year
2024
2023
Obligations under finance leases and hire purchase contracts
29,243
8,542
8
Average number of employees
During the year the average number of employees was 2 (2023: 2).