Registered number
06298926
Orion Hardware Ltd
Unaudited Filleted Accounts
31 July 2024
Orion Hardware Ltd
Registered number: 06298926
Balance Sheet
as at 31 July 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 555 28
Current assets
Debtors 4 17,500 -
Cash at bank and in hand 60,865 44
78,365 44
Creditors: amounts falling due within one year 5 (89,787) (74,287)
Net current liabilities (11,422) (74,243)
Total assets less current liabilities (10,867) (74,215)
Creditors: amounts falling due after more than one year 6 - (12,539)
Provisions for liabilities (138) (7)
Net liabilities (11,005) (86,761)
Capital and reserves
Called up share capital 1 1
Profit and loss account (11,006) (86,762)
Shareholder's funds (11,005) (86,761)
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.
R S Aujla
Director
Approved by the board on 28 April 2025
Orion Hardware Ltd
Notes to the Accounts
for the year ended 31 July 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 represents the amounts (excluding value added tax) derived from the provision of goods and services to customers during the year.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the costs, less estimated residual value, of each asset over its expected useful life. The methods and applicable rates are:
Plant and machinery 25% per annum of net book value
Stocks
Stocks are stated at the lower of cost, using the first in first out method, and selling price less costs to complete and sell.
Deferred Taxation
Full provision is made for deferred tax assets and liabilities arising from timing differences between the recognition of gains and losses in the accounts and their recognition for tax purposes.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 1 0
3 Tangible fixed assets
Plant and machinery etc
£
Cost
At 1 August 2023 280
Additions 712
At 31 July 2024 992
Depreciation
At 1 August 2023 252
Charge for the year 185
At 31 July 2024 437
Net book value
At 31 July 2024 555
At 31 July 2023 28
4 Debtors 2024 2023
£ £
Trade debtors 17,500 -
5 Creditors: amounts falling due within one year 2024 2023
£ £
Bank loans and overdrafts 9,210 6,300
Taxation and social security costs 23,692 2,103
Other creditors 56,885 65,884
89,787 74,287
6 Creditors: amounts falling due after one year 2024 2023
£ £
Bank loans - 12,539
7 Controlling party
The company is controlled by the director.
8 Other information
Orion Hardware Ltd is a private company limited by shares and incorporated in England and Wales. Its registered office is:
Ravenscroft
Gannock Park
Deganwy
Conwy
LL31 9PJ
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