Caseware UK (AP4) 2024.0.164 2024.0.164 2024-04-302024-04-30true2023-05-01falseNo description of principal activity97trueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 09868058 2023-05-01 2024-04-30 09868058 2022-05-01 2023-04-30 09868058 2024-04-30 09868058 2023-04-30 09868058 c:Director2 2023-05-01 2024-04-30 09868058 d:MotorVehicles 2023-05-01 2024-04-30 09868058 d:MotorVehicles 2024-04-30 09868058 d:MotorVehicles 2023-04-30 09868058 d:MotorVehicles d:OwnedOrFreeholdAssets 2023-05-01 2024-04-30 09868058 d:OfficeEquipment 2023-05-01 2024-04-30 09868058 d:OfficeEquipment 2024-04-30 09868058 d:OfficeEquipment 2023-04-30 09868058 d:OfficeEquipment d:OwnedOrFreeholdAssets 2023-05-01 2024-04-30 09868058 d:OwnedOrFreeholdAssets 2023-05-01 2024-04-30 09868058 d:FreeholdInvestmentProperty 2024-04-30 09868058 d:FreeholdInvestmentProperty 2023-04-30 09868058 d:CurrentFinancialInstruments 2024-04-30 09868058 d:CurrentFinancialInstruments 2023-04-30 09868058 d:CurrentFinancialInstruments d:WithinOneYear 2024-04-30 09868058 d:CurrentFinancialInstruments d:WithinOneYear 2023-04-30 09868058 d:ShareCapital 2024-04-30 09868058 d:ShareCapital 2023-04-30 09868058 d:RetainedEarningsAccumulatedLosses 2024-04-30 09868058 d:RetainedEarningsAccumulatedLosses 2023-04-30 09868058 c:FRS102 2023-05-01 2024-04-30 09868058 c:AuditExempt-NoAccountantsReport 2023-05-01 2024-04-30 09868058 c:FullAccounts 2023-05-01 2024-04-30 09868058 c:PrivateLimitedCompanyLtd 2023-05-01 2024-04-30 09868058 2 2023-05-01 2024-04-30 09868058 e:PoundSterling 2023-05-01 2024-04-30 iso4217:GBP xbrli:pure

Registered number: 09868058









ORICON LTD







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 30 APRIL 2024

 
ORICON LTD
REGISTERED NUMBER: 09868058

BALANCE SHEET
AS AT 30 APRIL 2024

2024
2023
Note
£
£

Fixed assets
  

Tangible assets
 4 
42,979
11,624

Investment property
 5 
111,720
111,720

  
154,699
123,344

Current assets
  

Debtors: amounts falling due within one year
 6 
572,061
648,601

Cash at bank and in hand
  
53,663
232,631

  
625,724
881,232

Creditors: amounts falling due within one year
 7 
(540,083)
(803,620)

Net current assets
  
 
 
85,641
 
 
77,612

Total assets less current liabilities
  
240,340
200,956

  

Net assets
  
240,340
200,956


Capital and reserves
  

Called up share capital 
  
1
1

Profit and loss account
  
240,339
200,955

  
240,340
200,956


Page 1

 
ORICON LTD
REGISTERED NUMBER: 09868058
    
BALANCE SHEET (CONTINUED)
AS AT 30 APRIL 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 28 April 2025.




Poonam Karwal
Director

The notes on pages 3 to 7 form part of these financial statements.

Page 2

 
ORICON LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024

1.


General information

Oricon Ltd is a private company, limited by shares, registered in England and Wales, registration number 09868058. The registered office is 95 Spencer Street, Birmingham, England, B18 6DA.
The financial statements are presented in sterling which is the functional currency of the company and the
financial statements are rounded to the nearest £1.

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.

Cash flow
Under Financial Reporting Standard 102, the company is exempt from the requirement to prepare a cash flow statement on the grounds that it qualifies as a small company.

The following principal accounting policies have been applied:

 
2.2

Going concern

The directors have prepared the accounts on a going concern basis.

Page 3

 
ORICON LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024

2.Accounting policies (continued)

 
2.3

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:

Sale of goods

Revenue from the sale of goods is recognised when all of the following conditions are satisfied:
the Company has transferred the significant risks and rewards of ownership to the buyer;
the Company retains neither continuing managerial involvement to the degree usually associated with ownership nor effective control over the goods sold;
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the transaction; and
the costs incurred or to be incurred in respect of the transaction can be measured reliably.

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.

 
2.4

Interest income

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

 
2.5

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

Page 4

 
ORICON LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024

2.Accounting policies (continued)

 
2.6

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.

 
2.7

Taxation

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.


 
2.8

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:

Motor vehicles
-
20%
Office equipment
-
20%

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.

 
2.9

Investment property

Investment property is carried at fair value determined annually by external valuers and derived from the current market rents and investment property yields for comparable real estate, adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided. Changes in fair value are recognised in profit or loss.

Page 5

 
ORICON LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024

2.Accounting policies (continued)

 
2.10

Debtors

Short-term debtors are measured at transaction price, less any impairment.

 
2.11

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.

 
2.12

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.


3.


Employees

The average monthly number of employees, including directors, during the year was 9 (2023 - 7).


4.


Tangible fixed assets





Motor vehicles
Office equipment
Total

£
£
£



Cost or valuation


At 1 May 2023
18,844
163
19,007


Additions
7,417
33,601
41,018



At 30 April 2024

26,261
33,764
60,025



Depreciation


At 1 May 2023
7,383
-
7,383


Charge for the year on owned assets
2,910
6,753
9,663



At 30 April 2024

10,293
6,753
17,046



Net book value



At 30 April 2024
15,968
27,011
42,979



At 30 April 2023
11,461
163
11,624

Page 6

 
ORICON LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024

5.


Investment property


Freehold investment property

£



Valuation


At 1 May 2023
111,720



At 30 April 2024
111,720

The 2024 valuations were made by the director, on an open market value for existing use basis.



At 30 April 2024





6.


Debtors

2024
2023
£
£


Trade debtors
311,000
239,000

Other debtors
261,061
409,601

572,061
648,601



7.


Creditors: Amounts falling due within one year

2024
2023
£
£

Trade creditors
81,884
43,399

Corporation tax
6,124
15,761

Other creditors
452,075
744,460

540,083
803,620



8.


Related party transactions

As at the balance sheet date, £242,486 (2023: £172,452) was due to the directors of the company. This loan is interest free and repayable on demand

 
Page 7