Acorah Software Products - Accounts Production 16.1.300 false true 29 April 2023 30 April 2022 false 30 April 2023 29 April 2024 29 April 2024 06874623 Mr Gordon Sidlow true iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 06874623 2023-04-29 06874623 2024-04-29 06874623 2023-04-30 2024-04-29 06874623 frs-core:CurrentFinancialInstruments 2024-04-29 06874623 frs-core:ShareCapital 2024-04-29 06874623 frs-core:RetainedEarningsAccumulatedLosses 2024-04-29 06874623 frs-bus:PrivateLimitedCompanyLtd 2023-04-30 2024-04-29 06874623 frs-bus:FilletedAccounts 2023-04-30 2024-04-29 06874623 frs-bus:SmallEntities 2023-04-30 2024-04-29 06874623 frs-bus:AuditExempt-NoAccountantsReport 2023-04-30 2024-04-29 06874623 frs-bus:SmallCompaniesRegimeForAccounts 2023-04-30 2024-04-29 06874623 1 2023-04-30 2024-04-29 06874623 frs-bus:Director1 2023-04-30 2024-04-29 06874623 frs-bus:Director1 2023-04-29 06874623 frs-bus:Director1 2024-04-29 06874623 frs-countries:EnglandWales 2023-04-30 2024-04-29 06874623 2022-04-29 06874623 2023-04-29 06874623 2022-04-30 2023-04-29 06874623 frs-core:CurrentFinancialInstruments 2023-04-29 06874623 frs-core:ShareCapital 2023-04-29 06874623 frs-core:RetainedEarningsAccumulatedLosses 2023-04-29
Registered number: 06874623
Orient West Limited
Unaudited Financial Statements
For The Year Ended 29 April 2024
Contents
Page
Balance Sheet 1
Notes to the Financial Statements 2—3
Page 1
Balance Sheet
Registered number: 06874623
2024 2023
Notes £ £ £ £
CURRENT ASSETS
Stocks 4 1,000 1,000
Debtors 5 6,962 2,891
Cash at bank and in hand 10 -
7,972 3,891
Creditors: Amounts Falling Due Within One Year 6 (7,771 ) (3,691 )
NET CURRENT ASSETS (LIABILITIES) 201 200
TOTAL ASSETS LESS CURRENT LIABILITIES 201 200
NET ASSETS 201 200
CAPITAL AND RESERVES
Called up share capital 7 100 100
Profit and Loss Account 101 100
SHAREHOLDERS' FUNDS 201 200
For the year ending 29 April 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his 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.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr Gordon Sidlow
Director
27 January 2025
The notes on pages 2 to 3 form part of these financial statements.
Page 1
Page 2
Notes to the Financial Statements
1. General Information
Orient West Limited Registered number 06874623 is a limited by shares company incorporated in England & Wales. The Registered Office is 138 High Street, Crediton, EX17 3DX.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Turnover
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
2.3. Stocks and Work in Progress
Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.
2.4. Financial Instruments
Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at the market rate of interest for a similar debt instrument. Debt instruments are subsequently measured at amortised cost.
2.5. Taxation
The charge for taxation takes into account taxation deferred as a result of timing differences between the treatment of certain items for taxation and accounting purposes. In general, deferred taxation is recognised in respect of timing differences that have originated but not reversed at the balance sheet date. However, deferred tax assets are recognised only to the extent that the directors consider that it is more likely than not that there will be suitable taxable profits from which the future reversal of the underlying timing differences can be deducted. Deferred taxation is measured on a non-discounted basis at the tax rates that are expected to apply in periods in which the timing differences reverse, based on tax rates and the law enacted or substantively enacted at the balance sheet date.
2.6. Inpairment
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date.
2.7. Registrar Filing Requirements
The company has taken advantage of Companies Act 2006 section 444(1) and opted not to file the profit and loss account, directors report, and notes to the financial statements relating to the profit and loss account.
3. Average Number of Employees
Average number of employees, including directors, during the year was:
2024 2023
Office and administration 1 1
1 1
4. Stocks
2024 2023
£ £
Finished goods 1,000 1,000
Page 2
Page 3
5. Debtors
2024 2023
£ £
Due within one year
Trade debtors 4,797 -
Other debtors - 1,983
Corporation tax recoverable assets 908 908
Director's loan account 1,257 -
6,962 2,891
6. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Corporation tax 6,481 2,491
Other creditors 1,290 1,200
7,771 3,691
7. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 100 100
8. Directors Advances, Credits and Guarantees
Included within Debtors are the following loans to directors:
As at 30 April 2023 Amounts advanced Amounts repaid Amounts written off As at 29 April 2024
£ £ £ £ £
Mr Gordon Sidlow 1,983 26,474 27,200 - 1,257
The above loan is unsecured, interest free and repayable on demand.
9. Ultimate Controlling Party
The company's ultimate controlling party is director by virtue of his ownership of 50% of the issued share capital in the company.
Page 3