Caseware UK (AP4) 2023.0.135 2023.0.135 2024-08-312024-08-31true2023-09-01falseBuilding control based systems and associated IT and internet applications78trueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 04877078 2023-09-01 2024-08-31 04877078 2022-09-01 2023-08-31 04877078 2024-08-31 04877078 2023-08-31 04877078 c:Director1 2023-09-01 2024-08-31 04877078 c:Director2 2023-09-01 2024-08-31 04877078 d:PlantMachinery 2023-09-01 2024-08-31 04877078 d:PlantMachinery 2024-08-31 04877078 d:PlantMachinery 2023-08-31 04877078 d:PlantMachinery d:OwnedOrFreeholdAssets 2023-09-01 2024-08-31 04877078 d:PlantMachinery d:LeasedAssetsHeldAsLessee 2023-09-01 2024-08-31 04877078 d:MotorVehicles 2023-09-01 2024-08-31 04877078 d:MotorVehicles 2024-08-31 04877078 d:MotorVehicles 2023-08-31 04877078 d:MotorVehicles d:OwnedOrFreeholdAssets 2023-09-01 2024-08-31 04877078 d:MotorVehicles d:LeasedAssetsHeldAsLessee 2023-09-01 2024-08-31 04877078 d:FurnitureFittings 2023-09-01 2024-08-31 04877078 d:FurnitureFittings 2024-08-31 04877078 d:FurnitureFittings 2023-08-31 04877078 d:FurnitureFittings d:OwnedOrFreeholdAssets 2023-09-01 2024-08-31 04877078 d:FurnitureFittings d:LeasedAssetsHeldAsLessee 2023-09-01 2024-08-31 04877078 d:ComputerEquipment 2023-09-01 2024-08-31 04877078 d:OwnedOrFreeholdAssets 2023-09-01 2024-08-31 04877078 d:LeasedAssetsHeldAsLessee 2023-09-01 2024-08-31 04877078 d:CurrentFinancialInstruments 2024-08-31 04877078 d:CurrentFinancialInstruments 2023-08-31 04877078 d:CurrentFinancialInstruments d:WithinOneYear 2024-08-31 04877078 d:CurrentFinancialInstruments d:WithinOneYear 2023-08-31 04877078 d:ShareCapital 2024-08-31 04877078 d:ShareCapital 2023-08-31 04877078 d:RetainedEarningsAccumulatedLosses 2024-08-31 04877078 d:RetainedEarningsAccumulatedLosses 2023-08-31 04877078 c:FRS102 2023-09-01 2024-08-31 04877078 c:AuditExempt-NoAccountantsReport 2023-09-01 2024-08-31 04877078 c:FullAccounts 2023-09-01 2024-08-31 04877078 c:PrivateLimitedCompanyLtd 2023-09-01 2024-08-31 04877078 2 2023-09-01 2024-08-31 04877078 d:AcceleratedTaxDepreciationDeferredTax 2024-08-31 04877078 d:AcceleratedTaxDepreciationDeferredTax 2023-08-31 04877078 e:PoundSterling 2023-09-01 2024-08-31 iso4217:GBP xbrli:pure
Registered number: 04877078






ORLANIX LTD
UNAUDITED
FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024










img03f4.png

 
ORLANIX LTD
REGISTERED NUMBER:04877078

BALANCE SHEET
AS AT 31 AUGUST 2024

2024
2023
Note
£
£

Fixed assets
  

Tangible assets
 4 
8,088
8,779

  
8,088
8,779

Current assets
  

Stocks
  
14,000
14,000

Debtors: amounts falling due within one year
 5 
101,475
161,632

Cash at bank and in hand
 6 
225,552
202,198

  
341,027
377,830

Creditors: amounts falling due within one year
 7 
(82,353)
(96,624)

Net current assets
  
 
 
258,674
 
 
281,206

Total assets less current liabilities
  
266,762
289,985

Provisions for liabilities
  

Deferred tax
 8 
(2,022)
(1,648)

  
 
 
(2,022)
 
 
(1,648)

Net assets
  
264,740
288,337


Capital and reserves
  

Called up share capital 
  
210
210

Profit and loss account
  
264,530
288,127

  
264,740
288,337


Page 1

 
ORLANIX LTD
REGISTERED NUMBER:04877078
    
BALANCE SHEET (CONTINUED)
AS AT 31 AUGUST 2024

The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared 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 financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 31 March 2025.




R M McLean
D J Wiles
Director
Director

Page 2

 
ORLANIX LTD
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024

1.


General information

Orlanix Limited is a private company limited by shares, incorporated in Engalnd and Wales. Its registered office is C/O Venthams Limited, Phoenix House, Redhill Aerodrome, Kings Mill Lane, Redhill, Surrey, RH1 5JY. 
The principal activity of the company continued to be the provision of building control based systems and associated IT and internet applications.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The following principal accounting policies have been applied:

 
2.2

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the contract;
the stage of completion of the contract at the end of the reporting period can be measured reliably; and
the costs incurred and the costs to complete the contract can be measured reliably.

 
2.3

Operating leases: the Company as lessee

Rentals paid under operating leases are charged to profit or loss on a straight-line basis over the lease term.

Benefits received and receivable as an incentive to sign an operating lease are recognised on a straight-line basis over the lease term, unless another systematic basis is representative of the time pattern of the lessee's benefit from the use of the leased asset.

 
2.4

Interest income

Interest income is recognised in profit or loss using the effective interest method.

Page 3

 
ORLANIX LTD
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024

2.Accounting policies (continued)

 
2.5

Pensions

Defined contribution pension plan

The Company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the Company pays fixed contributions into a separate entity. Once the contributions have been paid the Company has no further payment obligations.

The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the Balance Sheet. The assets of the plan are held separately from the Company in independently administered funds.

 
2.6

Current and deferred taxation

The tax expense for the year comprises current and deferred tax. Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the Company operates and generates income.

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the balance sheet date, except that:
The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and
Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.

Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the balance sheet date.


Page 4

 
ORLANIX LTD
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024

2.Accounting policies (continued)

 
2.7

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, on a reducing balance basis.

Depreciation is provided on the following basis:

Plant & machinery
-
25% reducing balance
Motor vehicles
-
25% reducing balance
Fixtures & fittings
-
25% reducing balance
Computer equipment
-
33.3% reducing balance

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

 
2.8

Stocks

Stocks are stated at the lower of cost and net realisable value, being the estimated selling price less costs to complete and sell. Cost is based on the cost of purchase on a first in, first out basis. Work in progress and finished goods include labour and attributable overheads.

At each balance sheet date, stocks are assessed for impairment. If stock is impaired, the carrying amount is reduced to its selling price less costs to complete and sell. The impairment loss is recognised immediately in profit or loss.

 
2.9

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

 
2.10

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
2.11

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

Page 5

 
ORLANIX LTD
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024

2.Accounting policies (continued)

 
2.12

Provisions for liabilities

Provisions are recognised when an event has taken place that gives rise to a legal or constructive obligation, a transfer of economic benefits is probable and a reliable estimate can be made.
Provisions are measured as the best estimate of the amount required to settle the obligation, taking into account the related risks and uncertainties.
 
Increases in provisions are generally charged as an expense to profit or loss.

 
2.13

Financial instruments

The Company has elected to apply the provisions of Section 11 “Basic Financial Instruments” of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the Company's Balance Sheet when the Company becomes party to the contractual provisions of the instrument.

Basic financial assets

Basic financial assets, which include trade and other debtors, cash and bank balances, are initially measured at their transaction price (adjusted for transaction costs except in the initial measurement of financial assets that are subsequently measured at fair value through profit and loss) and are subsequently carried at their amortised cost using the effective interest method, less any provision for impairment, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest.

Discounting is omitted where the effect of discounting is immaterial. The Company's cash and cash equivalents, trade and most other debtors due with the operating cycle fall into this category of financial instruments.

Financial liabilities

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the Company after the deduction of all its liabilities.

Basic financial liabilities, which include trade and other creditors, bank loans and other loans are initially measured at their transaction price (adjusting for transaction costs except in the initial measurement of financial liabilities that are subsequently measured at fair value through profit and loss). When this constitutes a financing transaction, whereby the debt instrument is measured at the present value of the future payments discounted at a market rate of interest, discounting is omitted where the effect of discounting is immaterial.

Debt instruments are subsequently carried at their amortised cost using the effective interest rate method.

Trade creditors are obligations to pay for goods and services that have been acquired in the ordinary course of business from suppliers. Trade creditors are classified as current liabilities if the payment is due within one year. If not, they represent non-current liabilities. Trade creditors are initially recognised at their transaction price and subsequently are measured at amortised cost using the effective interest method. Discounting is omitted where the effect of discounting is immaterial.

Page 6

 
ORLANIX LTD
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024

2.Accounting policies (continued)

 
2.14

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.


3.


Employees

The average monthly number of employees, including directors, during the year was 7 (2023 - 8).


4.


Tangible fixed assets





Plant & machinery
Motor vehicles
Fixtures & fittings
Total

£
£
£
£



Cost or valuation


At 1 September 2023
2,171
17,508
6,663
26,342


Additions
-
-
1,565
1,565



At 31 August 2024

2,171
17,508
8,228
27,907



Depreciation


At 1 September 2023
1,504
12,084
3,975
17,563


Charge for the year on owned assets
167
-
733
900


Charge for the year on financed assets
-
1,356
-
1,356



At 31 August 2024

1,671
13,440
4,708
19,819



Net book value



At 31 August 2024
500
4,068
3,520
8,088



At 31 August 2023
667
5,424
2,688
8,779

Page 7

 
ORLANIX LTD
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024

5.


Debtors

2024
2023
£
£


Trade debtors
97,252
155,485

Other debtors
1,810
2,797

Prepayments and accrued income
2,413
3,350

101,475
161,632



6.


Cash and cash equivalents

2024
2023
£
£

Cash at bank and in hand
225,552
202,198

225,552
202,198



7.


Creditors: Amounts falling due within one year

2024
2023
£
£

Trade creditors
23,394
42,029

Other taxation and social security
37,338
34,902

Other creditors
7,454
5,062

Accruals and deferred income
14,167
14,631

82,353
96,624



8.


Deferred taxation




2024


£






At beginning of year
(1,648)


Charged to profit or loss
(374)



At end of year
(2,022)

Page 8

 
ORLANIX LTD
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024
 
8.Deferred taxation (continued)

The provision for deferred taxation is made up as follows:

2024
2023
£
£


Accelerated capital allowances
(2,022)
(1,648)

(2,022)
(1,648)


9.


Pension commitments

The company operates a defined contributions pension scheme. The assets of the scheme are held separately from those of the company in an independently administered fund. The pension cost charge represents contributions payable by the company to the fund and amounted to £1,728 (2023: £1,459).

 
Page 9