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ORPHEX TECH LIMITED

Registered Number
15059471
(England and Wales)

Unaudited Financial Statements for the Year ended
31 December 2024

ORPHEX TECH LIMITED
Company Information
for the year from 1 January 2024 to 31 December 2024

Directors

CIKSE, Nagehan Didem
UNAL, Kivanc
UNAL, Yagmur

Registered Address

C/O Srm, 59
Terrington Hill
Marlow
SL7 2RE

Registered Number

15059471 (England and Wales)
ORPHEX TECH LIMITED
Balance Sheet as at
31 December 2024

Notes

2024

2023

£

£

£

£

Fixed assets
Intangible assets3483,401111,217
483,401111,217
Current assets
Debtors442,1657,000
Cash at bank and on hand9,1113,187
51,27610,187
Creditors amounts falling due within one year5(524,532)(117,821)
Net current assets (liabilities)(473,256)(107,634)
Total assets less current liabilities10,1453,583
Net assets10,1453,583
Capital and reserves
Called up share capital11
Other reserves11,736-
Profit and loss account(1,592)3,582
Shareholders' funds10,1453,583
The financial statements were approved and authorised for issue by the Board of Directors on 27 February 2025, and are signed on its behalf by:
UNAL, Kivanc
Director
Registered Company No. 15059471
ORPHEX TECH LIMITED
Notes to the Financial Statements
for the year ended 31 December 2024

1.Accounting policies
Statutory information
The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.
Statement of compliance
The financial statements have been prepared in accordance with the Companies Act 2006 and FRS 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland including Section 1A Small Entities.
Revenue from sale of goods
Revenue from the sale of goods is recognised when the company has transferred to the buyer the significant risks and rewards of ownership of the goods, usually when goods are delivered and legal title has passed. Providing the amount of revenue can be measured reliably, it is probable that the economic benefits associated with the transaction will flow to the company and the costs incurred or to be incurred in respect of the transition can be measured reliably.
Foreign currency translation
Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.
Intangible assets
Intangible assets are stated at cost less accumulated amortisation and accumulated impairment losses. The assets are reviewed for impairment if the above factors indicate that the carrying amount may be impaired. Amortisation is included in 'administrative expenses' in the profit and loss account.
Tangible fixed assets and depreciation
All fixed assets are initially recorded at cost. Property, plant and equipment is used in the company's principal activity for the production and supply of goods or for administrative purposes and is stated in the balance sheet under the historic cost model. This model requires the assets to be stated at cost less amounts in respect of depreciation and less any accumulated impairment losses. Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value (which is the expected amount that would currently be obtained from disposal of an asset, after deducting the estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life), over the useful economic life of the respective asset as follows:
2.Average number of employees

20242023
Average number of employees during the year10
3.Intangible assets

Other

Total

££
Cost or valuation
At 01 January 24119,161119,161
Additions402,728402,728
At 31 December 24521,889521,889
Amortisation and impairment
At 01 January 247,9447,944
Charge for year30,54430,544
At 31 December 2438,48838,488
Net book value
At 31 December 24483,401483,401
At 31 December 23111,217111,217
4.Debtors: amounts due within one year

2024

2023

££
Trade debtors / trade receivables42,1657,000
Total42,1657,000
5.Creditors: amounts due within one year

2024

2023

££
Trade creditors / trade payables521,131117,821
Taxation and social security791-
Other creditors2,610-
Total524,532117,821