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Registered number: 04718560
Orbital Distribution Ltd
Unaudited Financial Statements
For The Year Ended 30 April 2024
C T B Book Keeping Limited
29 Looe Street
The Barbican
Plymouth
PL4 0EA
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 04718560
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 1,255 1,568
1,255 1,568
CURRENT ASSETS
Stocks 5 5,024 5,653
Debtors 6 7,123 5,633
Cash at bank and in hand 44,785 39,710
56,932 50,996
Creditors: Amounts Falling Due Within One Year 7 (4,752 ) (5,160 )
NET CURRENT ASSETS (LIABILITIES) 52,180 45,836
TOTAL ASSETS LESS CURRENT LIABILITIES 53,435 47,404
Creditors: Amounts Falling Due After More Than One Year 8 (37,937 ) (27,725 )
NET ASSETS 15,498 19,679
CAPITAL AND RESERVES
Called up share capital 9 2 2
Profit and Loss Account 15,496 19,677
SHAREHOLDERS' FUNDS 15,498 19,679
Page 1
Page 2
For the 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.
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 Paul Johnson
Director
14/01/2025
The notes on pages 3 to 5 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Orbital Distribution Ltd Registered number 04718560 is a limited by shares company incorporated in England & Wales. The Registered Office is 29 Looe Street, The Barbican, Plymouth, PL4 0EA.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008).
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. Tangible Fixed Assets and Depreciation
Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Plant & Machinery 20% Reducing Balance
Motor Vehicles 20% Reducing Balance
2.4. 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.
2.5. 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. 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
Sales, marketing and distribution 1 1
1 1
4. Tangible Assets
Plant & Machinery Motor Vehicles Total
£ £ £
Cost
As at 1 May 2023 3,145 14,225 17,370
As at 30 April 2024 3,145 14,225 17,370
Depreciation
As at 1 May 2023 3,104 12,698 15,802
Provided during the period 8 305 313
As at 30 April 2024 3,112 13,003 16,115
...CONTINUED
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Page 4
Net Book Value
As at 30 April 2024 33 1,222 1,255
As at 1 May 2023 41 1,527 1,568
5. Stocks
2024 2023
£ £
Stock 5,024 5,653
6. Debtors
2024 2023
£ £
Due within one year
Trade debtors 6,986 5,496
Prepayments and accrued income 137 137
7,123 5,633
7. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 2,310 3,609
Bank loans and overdrafts 929 1,068
Corporation tax 1,446 33
VAT 67 450
4,752 5,160
8. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Bank loans 7,245 10,461
Directors loan account 30,692 17,264
37,937 27,725
9. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 2 2
10. Directors Advances, Credits and Guarantees
Dividends paid to directors
2024 2023
£ £
Mr Paul Johnson 10,000 2,000
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11. Dividends
2024 2023
£ £
On equity shares:
Final dividend paid 10,000 2,000
12. Ultimate Controlling Party
The company's ultimate controlling party is The Director by virtue of his ownership of 100% of the issued share capital in the company.
Page 5