Company Registration No. SC227179 (Scotland)
ORLO ENERGY LTD
Unaudited accounts
for the year ended 5 April 2024
ORLO ENERGY LTD
Unaudited accounts
Contents
ORLO ENERGY LTD
Company Information
for the year ended 5 April 2024
Company Number
SC227179 (Scotland)
Registered Office
25/38 BRUNSWICK ROAD
EDINBURGH
EH7 5GY
ORLO ENERGY LTD
Statement of financial position
as at 5 April 2024
Cash at bank and in hand
8,636
2,089
Creditors: amounts falling due within one year
(17,460)
(13,142)
Net current assets
1,856
2,752
Called up share capital
2
2
Profit and loss account
2,547
3,220
Shareholders' funds
2,549
3,222
For the year ending 5 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 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 20 February 2025 and were signed on its behalf by
Mr T B Donaldson
Director
Company Registration No. SC227179
ORLO ENERGY LTD
Notes to the Accounts
for the year ended 5 April 2024
ORLO ENERGY LTD is a private company, limited by shares, registered in Scotland, registration number SC227179. The registered office is 25/38 BRUNSWICK ROAD, EDINBURGH, EH7 5GY.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
These financial statements for the year ended 5 April 2024 are the first financial statements that comply with FRS 102 Section 1A Small Entities. The date of transition is 6 April 2022.
The transition to FRS 102 Section 1A Small Entities has resulted in a small number of changes in accounting policies to those used previously.
The nature of these changes and their impact on opening equity and profit for the comparative period are explained in the notes below.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Computer equipment
25% straight line
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
ORLO ENERGY LTD
Notes to the Accounts
for the year ended 5 April 2024
4
Tangible fixed assets
Computer equipment
Amounts falling due within one year
Trade debtors
10,680
13,805
6
Creditors: amounts falling due within one year
2024
2023
Taxes and social security
454
1,172
Other creditors
6,742
4,724
Loans from directors
5,988
6,446
7
Average number of employees
During the year the average number of employees was 2 (2023: 2).