IRIS Accounts Production v24.3.2.46 08196346 Board of Directors 1.9.23 31.8.24 31.8.24 false true false false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh081963462023-08-31081963462024-08-31081963462023-09-012024-08-31081963462022-08-31081963462022-09-012023-08-31081963462023-08-3108196346ns15:EnglandWales2023-09-012024-08-3108196346ns14:PoundSterling2023-09-012024-08-3108196346ns10:Director12023-09-012024-08-3108196346ns10:PrivateLimitedCompanyLtd2023-09-012024-08-3108196346ns10:SmallEntities2023-09-012024-08-3108196346ns10:AuditExemptWithAccountantsReport2023-09-012024-08-3108196346ns10:SmallCompaniesRegimeForDirectorsReport2023-09-012024-08-3108196346ns10:SmallCompaniesRegimeForAccounts2023-09-012024-08-3108196346ns10:FullAccounts2023-09-012024-08-310819634612023-09-012024-08-3108196346ns10:Director22023-09-012024-08-3108196346ns10:RegisteredOffice2023-09-012024-08-3108196346ns5:CurrentFinancialInstruments2024-08-3108196346ns5:CurrentFinancialInstruments2023-08-3108196346ns5:ShareCapital2024-08-3108196346ns5:ShareCapital2023-08-3108196346ns5:RetainedEarningsAccumulatedLosses2024-08-3108196346ns5:RetainedEarningsAccumulatedLosses2023-08-3108196346ns5:NetGoodwill2023-09-012024-08-3108196346ns5:PlantMachinery2023-09-012024-08-3108196346ns5:NetGoodwill2023-08-3108196346ns5:NetGoodwill2024-08-3108196346ns5:NetGoodwill2023-08-3108196346ns5:FurnitureFittings2023-08-3108196346ns5:ComputerEquipment2023-08-3108196346ns5:FurnitureFittings2023-09-012024-08-3108196346ns5:ComputerEquipment2023-09-012024-08-3108196346ns5:FurnitureFittings2024-08-3108196346ns5:ComputerEquipment2024-08-3108196346ns5:FurnitureFittings2023-08-3108196346ns5:ComputerEquipment2023-08-3108196346ns5:WithinOneYearns5:CurrentFinancialInstruments2024-08-3108196346ns5:WithinOneYearns5:CurrentFinancialInstruments2023-08-3108196346ns5:CurrentFinancialInstruments2023-09-012024-08-31
REGISTERED NUMBER: 08196346 (England and Wales)










ONIRION LTD

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 AUGUST 2024






ONIRION LTD (REGISTERED NUMBER: 08196346)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3

Chartered Accountants' Report 6

ONIRION LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31 AUGUST 2024







DIRECTORS: Dr N Antonopoulos
Dr R A Pirtea





REGISTERED OFFICE: C/O Bevan Buckland LLP
Ground Floor
Cardigan House
Swansea
SA7 9LA





REGISTERED NUMBER: 08196346 (England and Wales)





ACCOUNTANTS: Bevan Buckland LLP
Ground Floor Cardigan House
Castle Court
Swansea Enterprise Park
Swansea
SA7 9LA

ONIRION LTD (REGISTERED NUMBER: 08196346)

BALANCE SHEET
31 AUGUST 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 651 893
651 893

CURRENT ASSETS
Debtors 6 22,752 9,086
Cash at bank 15,868 55,522
38,620 64,608
CREDITORS
Amounts falling due within one year 7 36,784 50,126
NET CURRENT ASSETS 1,836 14,482
TOTAL ASSETS LESS CURRENT
LIABILITIES

2,487

15,375

PROVISIONS FOR LIABILITIES 163 223
NET ASSETS 2,324 15,152

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings 2,322 15,150
SHAREHOLDERS' FUNDS 2,324 15,152

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 August 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps 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 Sections 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.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 11 February 2025 and were signed on its behalf by:





Dr N Antonopoulos - Director


ONIRION LTD (REGISTERED NUMBER: 08196346)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024

1. STATUTORY INFORMATION

Onirion Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover is derived from the provision of services and is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales tax.

The company provides dentistry services and the revenue is recognised when services are performed. Transactions are settled by bank payment.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2012, is being amortised evenly over its estimated useful life of five years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 33% on cost and 25% reducing balance

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

ONIRION LTD (REGISTERED NUMBER: 08196346)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 AUGUST 2024

2. ACCOUNTING POLICIES - continued

Debtors
Trade and other debtors are recognised at the settlement amount due after any trade discount offered. Prepayments are valued at the amount prepaid net of any trade discounts due.

Cash at bank and in hand
Cash at bank and cash in hand includes cash and short term highly liquid investments with a short maturity of three months or less from the date of acquisition or opening of the deposit or similar account.

Creditors and provisions
Creditors and provisions are recognised where the company has a present obligation (legal and constructive) resulting from a past event that will probably result in the transfer of funds to a third party and the amount due to settle the obligation can be measured or estimated reliably. Creditors and provisions are normally recognised at their settlement amount after allowing for any trade discounts due.

Financial instruments
The company only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured at their settlement value.

Functional and presentation currency
The company's functional and presentation currency is pounds sterling.

Going Concern
The accounts have been prepared on the going concern basis, on the understanding that the director and shareholder will continue to financially support the company for a period of 12 months from the date of these financial statements.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 2 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 September 2023
and 31 August 2024 20,000
AMORTISATION
At 1 September 2023
and 31 August 2024 20,000
NET BOOK VALUE
At 31 August 2024 -
At 31 August 2023 -

ONIRION LTD (REGISTERED NUMBER: 08196346)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 AUGUST 2024

5. TANGIBLE FIXED ASSETS
Fixtures
and Computer
fittings equipment Totals
£    £    £   
COST
At 1 September 2023 1,280 5,491 6,771
Additions - 799 799
At 31 August 2024 1,280 6,290 7,570
DEPRECIATION
At 1 September 2023 1,223 4,655 5,878
Charge for year 14 1,027 1,041
At 31 August 2024 1,237 5,682 6,919
NET BOOK VALUE
At 31 August 2024 43 608 651
At 31 August 2023 57 836 893

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 8,697 8,633
Directors' current accounts 13,602 -
Prepayments 453 453
22,752 9,086

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Tax 34,725 32,076
Directors' current accounts - 15,896
Accrued expenses 2,059 2,154
36,784 50,126

The directors' current account is interest free and repayable on demand.

CHARTERED ACCOUNTANTS' REPORT TO THE BOARD OF DIRECTORS
ON THE UNAUDITED FINANCIAL STATEMENTS OF
ONIRION LTD

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Onirion Ltd for the year ended 31 August 2024 which comprise the Statement of Income and Retained Earnings, Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of Onirion Ltd, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Onirion Ltd and state those matters that we have agreed to state to the Board of Directors of Onirion Ltd, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Onirion Ltd and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Onirion Ltd has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Onirion Ltd. You consider that Onirion Ltd is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Onirion Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






Bevan Buckland LLP
Ground Floor Cardigan House
Castle Court
Swansea Enterprise Park
Swansea
SA7 9LA


11 February 2025