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Company Registration No. 14568743 (England and Wales)
New Orbit Mobiles Ltd Unaudited accounts for the year ended 31 January 2025
New Orbit Mobiles Ltd Unaudited accounts Contents
Page
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New Orbit Mobiles Ltd Company Information for the year ended 31 January 2025
Director
Mr.Mohamed Sameen Mohamed Arshard MUDHANNEGELA GEDARA
Company Number
14568743 (England and Wales)
Accountants
Farshan & Co Accountants & Tax Advisers Suite 1, 2 Britannia Street Leicester LE1 3LE
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New Orbit Mobiles Ltd Statement of financial position as at 31 January 2025
2025 
2024 
Notes
£ 
£ 
Fixed assets
Tangible assets
5,144 
6,273 
Current assets
Inventories
2,290 
1,780 
Cash at bank and in hand
1,220 
1,428 
3,510 
3,208 
Creditors: amounts falling due within one year
(7,540)
(10,740)
Net current liabilities
(4,030)
(7,532)
Net assets/(liabilities)
1,114 
(1,259)
Capital and reserves
Called up share capital
1 
1 
Profit and loss account
1,113 
(1,260)
Shareholders' funds
1,114 
(1,259)
For the year ending 31 January 2025 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 11 March 2025 and were signed on its behalf by
Mr.Mohamed Sameen Mohamed Arshard MUDHANNEGELA GEDARA Director Company Registration No. 14568743
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New Orbit Mobiles Ltd Notes to the Accounts for the year ended 31 January 2025
1
Statutory information
New Orbit Mobiles Ltd is a private company, limited by shares, registered in England and Wales, registration number 14568743.
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.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
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:
Plant & machinery
18%
Computer equipment
18%
Inventories
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
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New Orbit Mobiles Ltd Notes to the Accounts for the year ended 31 January 2025
4
Tangible fixed assets
Plant & machinery 
Computer equipment 
Total 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At 1 February 2024
6,250 
1,400 
7,650 
At 31 January 2025
6,250 
1,400 
7,650 
Depreciation
At 1 February 2024
1,125 
252 
1,377 
Charge for the year
922 
207 
1,129 
At 31 January 2025
2,047 
459 
2,506 
Net book value
At 31 January 2025
4,203 
941 
5,144 
At 31 January 2024
5,125 
1,148 
6,273 
5
Creditors: amounts falling due within one year
2025 
2024 
£ 
£ 
Trade creditors
400 
400 
Taxes and social security
262 
- 
Loans from directors
6,878 
10,340 
7,540 
10,740 
6
Average number of employees
During the year the average number of employees was 1 (2024: 1).
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