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Registration number: 05101869

Orderly Telecoms Ltd

Unaudited Filleted Financial Statements

for the Year Ended 30 April 2024

 

Orderly Telecoms Ltd
(Registration number: 05101869)

Contents

Company Information

1

Balance Sheet

2

Notes to the Unaudited Financial Statements

3 to 7

 

Orderly Telecoms Ltd
(Registration number: 05101869)

Company Information

Director

Mr M A King

Company secretary

Mr M A King

Registered office

3rd Floor, 86-90 Paul Street,
London
EC2A 4NE

Accountants

Thompson Jenner LLP
Chartered Accountants
1 Colleton Crescent
Exeter
Devon
EX2 4DG

 

Orderly Telecoms Ltd
(Registration number: 05101869)

Balance Sheet as at 30 April 2024

Note

2024
£

2023
£

Fixed assets

 

Tangible assets

4

1,085

597

Current assets

 

Debtors

5

432,778

92,330

Cash at bank and in hand

 

28,708

94,912

 

461,486

187,242

Creditors: Amounts falling due within one year

6

(134,535)

(81,321)

Net current assets

 

326,951

105,921

Total assets less current liabilities

 

328,036

106,518

Provisions for liabilities

(206)

(113)

Net assets

 

327,830

106,405

Capital and reserves

 

Called up share capital

1,000

1,000

Retained earnings

326,830

105,405

Shareholders' funds

 

327,830

106,405

For the financial year ending 30 April 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the director has not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the director on 24 January 2025
 

.........................................
Mr M A King
Director

 

Orderly Telecoms Ltd
(Registration number: 05101869)

Notes to the Unaudited Financial Statements for the Year Ended 30 April 2024

1

General information

The company is a private company limited by share capital, incorporated in England.

The address of its registered office is:
3rd Floor, 86-90 Paul Street,
London
EC2A 4NE
United Kingdom

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Foreign currency transactions and balances

Transactions in foreign currencies are initially recorded at the functional currency rate prevailing at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are retranslated into the respective functional currency of the entity at the rates prevailing on the reporting period date. Non-monetary items carried at fair value that are denominated in foreign currencies are retranslated at the rate on the date when the fair value is re-measured.

Non-monetary items measured in terms of historical cost in a foreign currency are not retranslated.

 

Orderly Telecoms Ltd
(Registration number: 05101869)

Notes to the Unaudited Financial Statements for the Year Ended 30 April 2024

Tax

The tax expense for the period comprises current and deferred tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Deferred income tax is recognised on temporary differences arising between the tax bases of assets and liabilities and their carrying amounts in the financial statements and on unused tax losses or tax credits in the company. Deferred income tax is determined using tax rates and laws that have been enacted or substantively enacted by the reporting date.

The carrying amount of deferred tax assets are reviewed at each reporting date and a valuation allowance is set up against deferred tax assets so that the net carrying amount equals the highest amount that is more likely than not to be recovered based on current or future taxable profit.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Office equipment

33.33% straight line

Fixtures and fittings

20% straight line

Research and development
Research and development expenditure is written off to the profit and loss account in the year in which it is incurred. Development expenditure is written off in the same year unless the director is satisfied to the technical, commercial and financial viability on individual projects. In this situation, the expenditure is deferred and amortised over the period from which the company is expected to benefit.

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

 

Orderly Telecoms Ltd
(Registration number: 05101869)

Notes to the Unaudited Financial Statements for the Year Ended 30 April 2024

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

 

Orderly Telecoms Ltd
(Registration number: 05101869)

Notes to the Unaudited Financial Statements for the Year Ended 30 April 2024

3

Staff numbers

The average number of persons employed by the company (including the director) during the year, was 2 (2023 - 2).

4

Tangible assets

Fixtures and fittings
 £

Office equipment
 £

Total
£

Cost or valuation

At 1 May 2023

1,735

14,590

16,325

Additions

-

906

906

At 30 April 2024

1,735

15,496

17,231

Depreciation

At 1 May 2023

1,735

13,993

15,728

Charge for the year

-

418

418

At 30 April 2024

1,735

14,411

16,146

Carrying amount

At 30 April 2024

-

1,085

1,085

At 30 April 2023

-

597

597

5

Debtors

Note

2024
£

2023
£

Trade debtors

 

78,051

73,838

Amounts owed by group undertakings

327,283

-

Other debtors

 

22,162

6,433

Prepayments and accrued income

 

5,282

12,059

Total current trade and other debtors

 

432,778

92,330

 

Orderly Telecoms Ltd
(Registration number: 05101869)

Notes to the Unaudited Financial Statements for the Year Ended 30 April 2024

6

Creditors

Note

2024
£

2023
£

Due within one year

 

Loans and borrowings

7

1,040

832

Trade creditors

 

43,631

2,645

Amounts owed to group undertakings

-

41,903

Taxation and social security

 

83,321

30,904

Other creditors

 

3,029

2,925

Accrued expenses

 

3,514

2,112

 

134,535

81,321

7

Loans and borrowings

Current loans and borrowings

2024
£

2023
£

Other borrowings

1,040

832

8

Parent and ultimate parent undertaking

The company's immediate parent is Orderly Mind Limited, incorporated in England.

 The ultimate controlling party is Mr M A King.