Acorah Software Products - Accounts Production 16.2.800 false true 30 June 2023 1 July 2022 false 1 July 2023 30 June 2024 30 June 2024 12440986 Mr G R Farr iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 12440986 2023-06-30 12440986 2024-06-30 12440986 2023-07-01 2024-06-30 12440986 frs-core:CurrentFinancialInstruments 2024-06-30 12440986 frs-core:Non-currentFinancialInstruments 2024-06-30 12440986 frs-core:PlantMachinery 2024-06-30 12440986 frs-core:PlantMachinery 2023-07-01 2024-06-30 12440986 frs-core:PlantMachinery 2023-06-30 12440986 frs-core:ShareCapital 2024-06-30 12440986 frs-core:RetainedEarningsAccumulatedLosses 2024-06-30 12440986 frs-bus:PrivateLimitedCompanyLtd 2023-07-01 2024-06-30 12440986 frs-bus:FilletedAccounts 2023-07-01 2024-06-30 12440986 frs-bus:SmallEntities 2023-07-01 2024-06-30 12440986 frs-bus:AuditExempt-NoAccountantsReport 2023-07-01 2024-06-30 12440986 frs-bus:SmallCompaniesRegimeForAccounts 2023-07-01 2024-06-30 12440986 frs-bus:Director1 2023-07-01 2024-06-30 12440986 frs-countries:EnglandWales 2023-07-01 2024-06-30 12440986 2022-06-30 12440986 2023-06-30 12440986 2022-07-01 2023-06-30 12440986 frs-core:CurrentFinancialInstruments 2023-06-30 12440986 frs-core:Non-currentFinancialInstruments 2023-06-30 12440986 frs-core:ShareCapital 2023-06-30 12440986 frs-core:RetainedEarningsAccumulatedLosses 2023-06-30 12440986 frs-core:CurrentFinancialInstruments 1 2023-06-30
Registered number: 12440986
Orbis Design Ltd
Financial Statements
For The Year Ended 30 June 2024
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 12440986
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 487 -
487 -
CURRENT ASSETS
Debtors 5 79,624 71,484
79,624 71,484
Creditors: Amounts Falling Due Within One Year 6 (44,739 ) (38,465 )
NET CURRENT ASSETS (LIABILITIES) 34,885 33,019
TOTAL ASSETS LESS CURRENT LIABILITIES 35,372 33,019
Creditors: Amounts Falling Due After More Than One Year 7 (34,396 ) (32,913 )
NET ASSETS 976 106
CAPITAL AND RESERVES
Called up share capital 8 2 2
Profit and Loss Account 974 104
SHAREHOLDERS' FUNDS 976 106
Page 1
Page 2
For the year ending 30 June 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The member has 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.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr G R Farr
Director
26 March 2025
The notes on pages 3 to 5 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Orbis Design Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 12440986 . The registered office is 5 Kings Road, Maulden, Bedford, Bedfordshire, MK45 2DT.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. 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 is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
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. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Plant & Machinery 25% reducing balance
2.4. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. The carrying amount of deferred tax assets is reviewed at the end of each reporting period.
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors.
2.5. Government Grant
Government grants are recognised in the profit and loss account in an appropriate manner that matches them with the expenditure towards which they are intended to contribute.
Grants for immediate financial support or to cover costs already incurred are recognised immediately in the profit and loss account. Grants towards general activities of the entity over a specific period are recognised in the profit and loss account over that period.
Grants towards fixed assets are recognised over the expected useful lives of the related assets and are treated as deferred income and released to the profit and loss account over the useful life of the asset concerned.
All grants in the profit and loss account are recognised when all conditions for receipt have been complied with.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 1 (2023: 1)
1 1
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4. Tangible Assets
Plant & Machinery
£
Cost
As at 1 July 2023 -
Additions 600
As at 30 June 2024 600
Depreciation
As at 1 July 2023 -
Provided during the period 113
As at 30 June 2024 113
Net Book Value
As at 30 June 2024 487
As at 1 July 2023 -
5. Debtors
2024 2023
£ £
Due within one year
Trade debtors 39,264 12,814
Other debtors 39,584 35,000
Other debtors (1) - 640
Director's loan account 776 23,030
79,624 71,484
6. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors - 1,859
Bank loans and overdrafts 31,061 22,726
Corporation tax 5,178 7,587
Other taxes and social security 3,173 5,075
VAT 4,451 426
Other creditors - 42
Accruals and deferred income 875 750
Director's loan account 1 -
44,739 38,465
7. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Bank loans 34,396 32,913
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8. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 2 2
Page 5