Registered number
SC437171
Organii Limited
Report and Accounts
30 June 2024
M A R K C O Y L E
ACCOUNTANCY SERVICES
Mark Coyle is licensed and regulated by AAT
under licence number 1001280.
Organii Limited
Report and accounts
Contents
Page
Company information 1
Director's report 1
Accountants' report 2
Profit and loss account 2
Statement of comprehensive income 3
Balance sheet 3
Statement of changes in equity 4
Notes to the accounts 5
Organii Limited
Company Information
Director
Mr G. Hume
Accountants
Mark Coyle Accountancy Services
5 Burnside Gardens
Kirkcudbright
DG6 4JY
Bankers
The Cooperative Bank
Registered office
Conchieton Business Centre
Twynholm
Kirkcudbright
Dumfries & Galloway
DG6 4TA
Registered number
SC437171
Organii Limited
Registered number: SC437171
Director's Report
The director presents his report and accounts for the year ended 30 June 2024.
Principal activities
The company's principal activity during the year continued to be purchase and distribution of organic skincare products.
Directors
The following persons served as directors during the year:
Mr G. Hume
Small company provisions
This report has been prepared in accordance with the provisions in Part 15 of the Companies Act 2006 applicable to companies subject to the small companies regime.
This report was approved by the board on 13 March 2025 and signed on its behalf.
Graeme Hume
Director
Organii Limited
Accountants' Report
Accountants' report to the director of
Organii Limited
You consider that the company is exempt from an audit for the year ended 30 June 2024. You have acknowledged, on the balance sheet, your responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts. These responsibilities include preparing accounts that give a true and fair view of the state of affairs of the company at the end of the financial year and of its profit or loss for the financial year.
In accordance with your instructions, I have prepared the accounts which comprise the Profit and Loss Account, the Statement of Comprehensive Income, the Balance Sheet, the Statement of Changes in Equity and the related notes from the accounting records of the company and on the basis of information and explanations you have given to me.
We have not carried out an audit or any other review, and consequently we do not express any opinion on these accounts.
Mark Coyle Accountancy Services
AAT Licensed Accountant
5 Burnside Gardens
Kirkcudbright
DG6 4JY
13 March 2025
Organii Limited
Profit and Loss Account
for the year ended 30 June 2024
2024 2023
£ £
Turnover 82,153 47,272
Cost of sales (48,744) (29,420)
Gross profit 33,409 17,852
Administrative expenses (12,153) (12,097)
Operating profit 21,256 5,755
Profit before taxation 21,256 5,755
Tax on profit (2,311) (1,094)
Profit for the financial year 18,945 4,661
Organii Limited
Statement of comprehensive income
for the year ended 30 June 2024
2024 2023
£ £
Profit for the financial year 18,945 4,661
Other comprehensive income
Total comprehensive income for the year 18,945 4,661
Organii Limited
Registered number: SC437171
Balance Sheet
as at 30 June 2024
Notes 2024 2023
£ £
Current assets
Stocks 3,593 1,566
Debtors 5 127,699 107,353
Cash at bank and in hand 716 4,269
132,008 113,188
Creditors: amounts falling due within one year 6 (27,937) (28,062)
Net current assets 104,071 85,126
Net assets 104,071 85,126
Capital and reserves
Called up share capital 10 10
Profit and loss account 104,061 85,116
Shareholder's funds 104,071 85,126
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Graeme Hume
Director
Approved by the board on 13 March 2025
Organii Limited
Statement of Changes in Equity
for the year ended 30 June 2024
Share Share Re- Profit Total
capital premium valuation and loss
reserve account
£ £ £ £ £
At 1 July 2022 10 - - 80,455 80,465
Profit for the financial year 4,661 4,661
At 30 June 2023 10 - - 85,116 85,126
At 1 July 2023 10 - - 85,116 85,126
Profit for the financial year 18,945 18,945
At 30 June 2024 10 - - 104,061 104,071
Organii Limited
Notes to the Accounts
for the year ended 30 June 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. 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.
Intangible fixed assets
Intangible fixed assets are measured at cost less accumulative amortisation and any accumulative impairment losses. Intangible fixed asset has been fully amortised.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, at rates calculated to write off the cost of each asset evenly over its expected useful life. Fixed assets have been fully depreciated.
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Provisions
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated 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.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 0 0
3 Intangible fixed assets £
Trademark:
Cost
At 1 July 2023 789
At 30 June 2024 789
Amortisation
At 1 July 2023 789
At 30 June 2024 789
Net book value
At 30 June 2024 -
Trademark has been fully amortised over its estimated economic life of 10 years.
4 Tangible fixed assets
Plant and machinery etc
£
Cost
At 1 July 2023 1,336
At 30 June 2024 1,336
Depreciation
At 1 July 2023 1,336
At 30 June 2024 1,336
Net book value
At 30 June 2024 -
5 Debtors 2024 2023
£ £
Trade debtors 123,201 106,984
Other debtors 4,498 369
127,699 107,353
6 Creditors: amounts falling due within one year 2024 2023
£ £
Trade creditors 25,016 1,632
Taxation and social security costs 2,311 1,179
Other creditors 610 25,251
27,937 28,062
7 Controlling party
The company was under the control of Earth Aid Group Ltd, a company owned by Mr G. Hume, director and sole shareholder during the period from 23rd March 2016. Prior to this date the company was under the control of Mr G. Hume, director and sole shareholder.
8 Other information
Organii Limited is a private company limited by shares and incorporated in Scotland. Its registered office is:
Conchieton Business Centre
Twynholm
Kirkcudbright
Dumfries & Galloway
DG6 4TA
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