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REGISTERED NUMBER: 02282949 (England and Wales)















Unaudited Financial Statements for the Year Ended 30 September 2024

for

Orpheus Corporation Limited

Orpheus Corporation Limited (Registered number: 02282949)






Contents of the Financial Statements
for the Year Ended 30 September 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Orpheus Corporation Limited

Company Information
for the Year Ended 30 September 2024







DIRECTORS: Mrs M L Sheldrake
Mrs H G Pettifer
T W Wilcox-Jones





SECRETARY: Mrs R L Wilcox





REGISTERED OFFICE: 141 Englishcombe Lane
Bath
BA2 2EL





REGISTERED NUMBER: 02282949 (England and Wales)





ACCOUNTANTS: OCL Accountancy
141 Englishcombe Lane
Bath
BA2 2EL

Orpheus Corporation Limited (Registered number: 02282949)

Balance Sheet
30 September 2024

30.9.24 30.9.23
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 84,669 87,293
84,669 87,293

CURRENT ASSETS
Stocks 146,942 138,780
Debtors 6 77,664 136,630
Cash at bank and in hand 52,442 79,860
277,048 355,270
CREDITORS
Amounts falling due within one year 7 179,226 259,875
NET CURRENT ASSETS 97,822 95,395
TOTAL ASSETS LESS CURRENT
LIABILITIES

182,491

182,688

PROVISIONS FOR LIABILITIES 4,644 4,527
NET ASSETS 177,847 178,161

CAPITAL AND RESERVES
Called up share capital 500 500
Retained earnings 177,347 177,661
SHAREHOLDERS' FUNDS 177,847 178,161

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 13 March 2025 and were signed on its behalf by:





Mrs H G Pettifer - Director


Orpheus Corporation Limited (Registered number: 02282949)

Notes to the Financial Statements
for the Year Ended 30 September 2024

1. STATUTORY INFORMATION

Orpheus Corporation Limited 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 measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Goodwill
Goodwill, being amounts paid in connection with the acquisition of businesses in 2009 and 2014 has been amortised in full.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

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 - 15% on reducing balance

Stocks
Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 15 (2023 - 17 ) .

Orpheus Corporation Limited (Registered number: 02282949)

Notes to the Financial Statements - continued
for the Year Ended 30 September 2024

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 October 2023
and 30 September 2024 201,206
AMORTISATION
At 1 October 2023
and 30 September 2024 201,206
NET BOOK VALUE
At 30 September 2024 -
At 30 September 2023 -

5. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 October 2023 65,831 74,666 140,497
Additions - 701 701
At 30 September 2024 65,831 75,367 141,198
DEPRECIATION
At 1 October 2023 - 53,204 53,204
Charge for year - 3,325 3,325
At 30 September 2024 - 56,529 56,529
NET BOOK VALUE
At 30 September 2024 65,831 18,838 84,669
At 30 September 2023 65,831 21,462 87,293

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.9.24 30.9.23
£    £   
Trade debtors 56,614 118,333
Other debtors 21,050 18,297
77,664 136,630

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.9.24 30.9.23
£    £   
Trade creditors 14,368 34,089
Amounts owed to group undertakings 67,489 110,067
Taxation and social security 90,873 111,734
Other creditors 6,496 3,985
179,226 259,875

8. RELATED PARTY DISCLOSURES

Orpheus Corporation Limited is a subsidiary of Orpheus Corporation Holdings Limited by virtue of its shareholding.

Orpheus Corporation Limited (Registered number: 02282949)

Notes to the Financial Statements - continued
for the Year Ended 30 September 2024

9. ULTIMATE CONTROLLING PARTY

The controlling party is Mrs R Wilcox.

The company is a subsidiary of Orpheus Corporation Holdings Limited. Mrs R Wilcox is the ultimate controlling party by virtue of her shareholding in Orpheus Corporation Holdings Limited.