2023-05-01 SC476285 2024-04-30 SC476285 2023-05-01 2024-04-30 SC476285 2023-04-30 SC476285 2022-05-01 2023-04-30 SC476285 uk-core:WithinOneYear 2023-04-30 SC476285 uk-core:WithinOneYear 2024-04-30 SC476285 uk-core:AfterOneYear 2023-04-30 SC476285 uk-core:AfterOneYear 2024-04-30 SC476285 uk-core:ShareCapital 2024-04-30 SC476285 uk-core:ShareCapital 2023-04-30 SC476285 uk-core:RevaluationReserve 2024-04-30 SC476285 uk-core:RevaluationReserve 2023-04-30 SC476285 uk-core:RetainedEarningsAccumulatedLosses 2024-04-30 SC476285 uk-core:RetainedEarningsAccumulatedLosses 2023-04-30 SC476285 uk-bus:Director1 2023-05-01 2024-04-30 SC476285 uk-core:BrandNames 2023-04-30 SC476285 uk-core:BrandNames 2024-04-30 SC476285 uk-core:ToolsEquipment 2023-04-30 SC476285 uk-core:FurnitureFittings 2023-04-30 SC476285 uk-core:PlantMachinery 2023-04-30 SC476285 uk-core:ToolsEquipment 2023-05-01 2024-04-30 SC476285 uk-core:FurnitureFittings 2023-05-01 2024-04-30 SC476285 uk-core:PlantMachinery 2023-05-01 2024-04-30 SC476285 uk-core:PlantMachinery 2024-04-30 SC476285 uk-core:FurnitureFittings 2024-04-30 SC476285 uk-core:ToolsEquipment 2024-04-30 SC476285 uk-core:WithinOneYear 2024-04-30 SC476285 uk-core:WithinOneYear 2023-04-30 SC476285 uk-core:AfterOneYear uk-core:Secured 2024-04-30 SC476285 uk-core:AfterOneYear uk-core:Secured 2023-04-30 iso4217:GBP xbrli:pure SC476285 uk-bus:AuditExemptWithAccountantsReport 2023-05-01 2024-04-30 SC476285 uk-bus:FRS102 2023-05-01 2024-04-30 SC476285 uk-bus:FilletedAccounts 2023-05-01 2024-04-30 SC476285 uk-bus:PrivateLimitedCompanyLtd 2023-05-01 2024-04-30
Draft
Ortak Ltd
Registered Number:SC476285
For the year ended 30 April 2024
Scotland
Unaudited Financial Statements
2
Draft
For the year ended 30 April 2024
Ortak Ltd
Contents Page
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Statement of Financial Position
3 to 5
Notes to the Financial Statements
3
Draft
Registered Number :
SC476285
As at 30 April 2024
Ortak Ltd
Statement of Financial Position
£
£
2023
2024
Notes
Fixed assets
Intangible assets
144,000
144,000
2
Property, plant and equipment
153,154
133,979
3
297,154
277,979
Current assets
Inventories
268,014
306,338
4
Trade and other receivables
80,279
47,823
5
222,830
Cash and cash equivalents
818
354,979
571,123
Trade and other payables: amounts falling due
within one year
(69,580)
(180,749)
6
501,543
174,230
Net current assets
Total assets less current liabilities
471,384
779,522
Trade and other payables: amounts falling due after
more than one year
(118,550)
(173,732)
7
297,652
Net assets
660,972
Capital and reserves
Called up share capital
434,000
434,000
Revaluation reserve
86,846
86,846
8
Retained earnings
(223,194)
140,126
297,652
660,972
Shareholders' funds
For the year ended 30 April 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 of its financial statements for the year ended 30 April 2024 in accordance with Section 476 of the Companies Act 2006
The directors acknowledge their responsibilities for:a) ensuring that the company keeps proper accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
b) preparing financial statements which give a true and fair view of the state of affairs of the company
as at the end of each financial year and of its profit or loss for each financial year in accordance with
the requirements of Section 394 and 395 and which otherwise comply with the requirements of the
Companies Act 2006 relating to financial statements, so far as applicable to the company.
In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been deliver
ed.
The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
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Registered Number :
SC476285
For the year ended 30 April 2024
Ortak Ltd
Statement of Financial Position Continued
Alison Firth Director
These financial statements were approved and authorised for issue by the Board on 30 January 2025 and were signed by:
The notes form part of these financial statements
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Draft
For the year ended 30 April 2024
Ortak Ltd
Notes to the Financial Statements
Statutory Information
Ortak Ltd is a private limited company, limited by shares, domiciled in Scotland, registration number
SC476285.
Registered address:
Garrison Road
Hatston Industrial Estate
Kirkwall
Orkney
KW15 1RH
The presentation currency is £ sterling.
1. Accounting policies
Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of Section 1A of
Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and
Republic of Ireland' and the Companies Act 2006. The financial statements have been prepared
under the historical costs convention as modified by the revaluation of certain assets.
Revenue recognition
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
Property, plant and equipment
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
Government grants
Government grants received are credited to deferred income. Grants towards capital expenditure are released to the profit and loss account over the expected useful life of the assets. Grants received towards revenue expenditure are released to the profit and loss account as the related expenditure is incurred.
Inventories
Stocks are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow moving items. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads.
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For the year ended 30 April 2024
Ortak Ltd
Notes to the Financial Statements Continued
2. Intangible fixed assets
Other
Intangible
Assets
Cost or valuation
£
At 01 May 2023
144,000
At 30 April 2024
144,000
Net book value
At 30 April 2024
144,000
At 30 April 2023
144,000
3. Property, plant and equipment
Total
Computer
equipment
Fixtures and
fittings
Plant and
machinery
£
£
£
£
Cost or
valuation
At 01 May 2023
375,262
135,537
27,267
212,458
54,272
2,948
1,236
50,088
Additions
At 30 April 2024
262,546
28,503
138,485
429,534
Provision for depreciation and impairmen
t
At 01 May 2023
241,283
95,867
18,321
127,095
Charge for year
35,097
10,307
4,309
20,481
At 30 April 2024
276,380
106,174
22,630
147,576
At 30 April 2024
Net book value
114,970
5,873
32,311
153,154
At 30 April 2023
85,363
8,946
39,670
133,979
4. Inventories
2023
2024
£
£
Stocks
306,338
268,014
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For the year ended 30 April 2024
Ortak Ltd
Notes to the Financial Statements Continued
5. Trade and other receivables
2023
2024
£
£
Trade debtors
47,823
78,279
Other debtors
-
2,000
80,279
47,823
6. Trade and other payables: amounts falling due within one year
2023
2024
£
£
Bank loans and overdraft
100,199
15,314
Trade creditors
65,927
40,353
Taxation and social security
15,482
15,482
Other creditors
(859)
(1,569)
180,749
69,580
7. Trade and other payables: amounts falling due after more than one year
2023
2024
£
£
Bank loans and overdraft
86,132
118,550
Other creditors
87,600
-
173,732
118,550
8. Reserves
Total
£
Revaluation reserve at 01 May 2023
86,846
86,846
Revaluation reserve at 30 April 2024
9. Average number of persons employed
During the year the average number of employees was 0
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