Registered number
11423551
Orbis Network Limited
Accounts
For the Year ended
30 June 2024
Oakensen
Chartered Accountants
Bryer Ash Business Park
Trowbridge
Wiltshire
BA14 8HE
Orbis Network Limited
Registered number: 11423551
Balance Sheet
as at 30 June 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 5,373 2,899
Current assets
Debtors 4 88,673 124,632
Cash at bank and in hand 3,356 15,332
92,029 139,964
Creditors: amounts falling due within one year 5 (41,587) (51,029)
Net current assets 50,442 88,935
Total assets less current liabilities 55,815 91,834
Creditors: amounts falling due after more than one year 6 (26,277) (36,950)
Net assets 29,538 54,884
Capital and reserves
Called up share capital 100 100
Profit and loss account 29,438 54,784
Shareholder's funds 29,538 54,884
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.
T Berry
Director
Approved by the board on 24 March 2025
Orbis Network 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 is recognised when the service is completed.
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, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Motor vehicles over 4 years
Tools and equipment over 7 years
Office equipment over 3 years
Debtors
Short term debtors are measured at transaction price, which is usually the invoice price, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price, which is usually the invoice price.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 10 9
3 Tangible fixed assets
Plant and machinery Motor vehicles Total
£ £ £
Cost
At 1 July 2023 8,924 11,500 20,424
Additions 5,490 - 5,490
At 30 June 2024 14,414 11,500 25,914
Depreciation
At 1 July 2023 6,026 11,499 17,525
Charge for the year 3,016 - 3,016
At 30 June 2024 9,042 11,499 20,541
Net book value
At 30 June 2024 5,372 1 5,373
At 30 June 2023 2,898 1 2,899
4 Debtors 2024 2023
£ £
Trade debtors 44,228 53,977
Other debtors 44,445 70,655
88,673 124,632
5 Creditors: amounts falling due within one year 2024 2023
£ £
Bank loans 10,673 9,613
Trade creditors 9,388 1,616
Taxation and social security costs 18,707 35,315
Other creditors 2,819 4,485
41,587 51,029
6 Creditors: amounts falling due after one year 2024 2023
£ £
Bank loans 26,277 36,950
7 Other information
Orbis Network Limited is a private company limited by shares and incorporated in England. Its registered office is:
Bryer Ash Business Park
Trowbridge
Wiltshire
BA14 8HE
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