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Registration number: 05131737

Orderly Mind Limited

Unaudited Filleted Financial Statements

for the Year Ended 30 April 2024

 

Orderly Mind Limited
(Registration number: 05131737)

Contents

Company Information

1

Balance Sheet

2

Notes to the Unaudited Financial Statements

3 to 6

 

Orderly Mind Limited
(Registration number: 05131737)

Company Information

Director

Mr M A King

Registered office

32 Delverton House
Delverton Road
London
SE17 3QQ

Accountants

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

 

Orderly Mind Limited
(Registration number: 05131737)

Balance Sheet as at 30 April 2024

Note

2024
£

2023
£

Fixed assets

 

Intangible assets

4

1,055

1,519

Investments

5

1,000

1,000

 

2,055

2,519

Current assets

 

Debtors

6

1,258,500

886,403

Cash at bank and in hand

 

800

908

 

1,259,300

887,311

Creditors: Amounts falling due within one year

7

(374,282)

(999)

Net current assets

 

885,018

886,312

Net assets

 

887,073

888,831

Capital and reserves

 

Called up share capital

1,000

1,000

Retained earnings

886,073

887,831

Shareholders' funds

 

887,073

888,831

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 Mind Limited
(Registration number: 05131737)

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:
32 Delverton House
Delverton Road
London
SE17 3QQ
England

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.

Group accounts not prepared

The company is part of a small group. The company has taken advantage of the exemption provided by Section 399 (2A) of the Companies Act 2006 and has not prepared group accounts.

Going concern

The financial statements have been prepared on a going concern basis.

Intangible assets

Separately acquired trademarks and patents are shown at historical cost.

Trademarks and patents have a finite useful life and are carried at cost less accumulated amortisation and any accumulated impairment losses.

Amortisation

Amortisation is provided on intangible assets so as to write off the cost, less any estimated residual value, over their useful life as follows:

Asset class

Amortisation method and rate

Patents

5 years straight line

 

Orderly Mind Limited
(Registration number: 05131737)

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

Investments

Investments in equity shares which are publicly traded or where the fair value can be measured reliably are initially measured at fair value, with changes in fair value recognised in profit or loss. Investments in equity shares which are not publicly traded and where fair value cannot be measured reliably are measured at cost less impairment.


Interest income on debt securities, where applicable, is recognised in income using the effective interest method. Dividends on equity securities are recognised in income when receivable.

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.

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.

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.

3

Staff numbers

The average number of persons employed by the company (including the director) during the year, was 1 (2023 - 1).

 

Orderly Mind Limited
(Registration number: 05131737)

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

4

Intangible assets

Patents
 £

Total
£

Cost or valuation

At 1 May 2023

158,458

158,458

At 30 April 2024

158,458

158,458

Amortisation

At 1 May 2023

156,940

156,940

Amortisation charge

463

463

At 30 April 2024

157,403

157,403

Carrying amount

At 30 April 2024

1,055

1,055

At 30 April 2023

1,519

1,519

5

Investments

2024
£

2023
£

Investments in subsidiaries

1,000

1,000

Subsidiaries

£

Cost or valuation

At 1 May 2023

1,000

Carrying amount

At 30 April 2024

1,000

At 30 April 2023

1,000

 

Orderly Mind Limited
(Registration number: 05131737)

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

6

Debtors

Note

2024
£

2023
£

Amounts owed by group undertakings and undertakings in which the company has a participating interest

-

41,903

Other debtors

 

1,258,500

844,500

Total current trade and other debtors

 

1,258,500

886,403

7

Creditors

Note

2024
£

2023
£

Due within one year

 

Amounts owed to group undertakings

328,282

999

Other creditors

 

46,000

-

 

374,282

999