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REGISTERED NUMBER: SC658374 (Scotland)















Report of the Directors and

Unaudited Financial Statements for the Year Ended 31 December 2024

for

Orca Global Company Limited

Orca Global Company Limited (Registered number: SC658374)






Contents of the Financial Statements
for the Year Ended 31 December 2024




Page

Report of the Directors 1

Balance Sheet 2

Notes to the Financial Statements 4


Orca Global Company Limited (Registered number: SC658374)

Report of the Directors
for the Year Ended 31 December 2024

The directors present their report with the financial statements of the company for the year ended 31 December 2024.

PRINCIPAL ACTIVITY
The principal activity of the company in the year under review was that of the sale of professional hygiene chemicals and cleaning products.

DIRECTORS
The directors shown below have held office during the whole of the period from 1 January 2024 to the date of this report.

Mr G Cowie
Mr D Cowie
Mr M Woodcock

ACHIEVEMENTS IN 2024
2024 was another year of growth and consolidation for Orca. We continued to showcase resilience and strong strategic awareness, leveraging opportunities to cultivate our customer-centric culture. Our organisational development has achieved significant milestones in 2024 and driven solid financial growth.

STRATEGIC FOCUS FOR THE UPCOMING YEAR
Customer Care: Our growth strategy is fundamentally centred around our customers. Their needs and satisfaction remain at the heart of everything we do.

Organisational Capacity: We are committed to enhancing our internal capabilities to support an expanded and more dynamic operation. This will ensure we meet and exceed customer expectations.

Sustainable Growth: Implementing strategies for sustainable growth is a priority. We will keep a keen eye on market trends and opportunities that align with our business objectives, ensuring our growth is both robust and responsible.

CONCLUSION
2024 was another landmark year for Orca with strong financial outcomes. These outcomes position us to achieve continued and sustainable growth whilst delivering exceptional value to our customers. As we look ahead into 2025, we are excited and fully committed to continuing to deliver on our strategic goals.

SHAREHOLDERS NOTE
As of the close of the fiscal year 2024, the balance sheet reflects long term liabilities owed to related parties amounting to £1,111,870 (refer to note 8). The purpose of the loan from an entity with common stakeholders and directors was to support and facilitate the growth of Orca. 2024 demonstrates how the shareholders commitment and vision is successfully being executed, and the shareholders remain deeply invested in supporting the continued growth of Orca into the future.

This report has been prepared in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

ON BEHALF OF THE BOARD:





Mr D Cowie - Director


16 April 2025

Orca Global Company Limited (Registered number: SC658374)

Balance Sheet
31 December 2024

31.12.24 31.12.23
Notes £    £   
FIXED ASSETS
Intangible assets 4 10,911 9,566
Tangible assets 5 456,425 377,253
467,336 386,819

CURRENT ASSETS
Stocks 556,236 387,536
Debtors 6 618,012 416,617
Cash at bank 637,293 36,100
1,811,541 840,253
CREDITORS
Amounts falling due within one year 7 (928,539 ) (453,280 )
NET CURRENT ASSETS 883,002 386,973
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,350,338

773,792

CREDITORS
Amounts falling due after more than one
year

8

(1,219,405

)

(1,551,830

)
NET ASSETS/(LIABILITIES) 130,933 (778,038 )

CAPITAL AND RESERVES
Called up share capital 260,000 10,000
Retained earnings (129,067 ) (788,038 )
130,933 (778,038 )

Orca Global Company Limited (Registered number: SC658374)

Balance Sheet - continued
31 December 2024


The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

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

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 16 April 2025 and were signed on its behalf by:





Mr D Cowie - Director


Orca Global Company Limited (Registered number: SC658374)

Notes to the Financial Statements
for the Year Ended 31 December 2024

1. STATUTORY INFORMATION

Orca Global Company Limited is a private company, limited by shares, domiciled in Scotland, registration number SC658374. The registered office is Blackhouse Circle, Blackhouse Industrial Estate, Peterhead, Aberdeenshire, AB42 1BN.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover represents net invoiced sales of goods respect of professional hygiene chemicals and cleaning products, excluding value added tax. Sales are recognised at the point at which the goods are delivered.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Patents and licences are being amortised evenly over their estimated useful life of three years.

Website and rebranding are being amortised evenly over their estimated useful life of three years.

Tangible fixed assets and depreciation
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery etc - 20% on cost

Tangible fixed assets are stated at cost less depreciation. Cost represent purchase price together with any incidental costs of acquisition.

The directors have considered the residual value of all tangible fixed assets to be immaterial and therefore all tangible fixed assets are depreciated to nil value.

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items. Cost is represented by purchase price.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.


Orca Global Company Limited (Registered number: SC658374)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2024

2. ACCOUNTING POLICIES - continued
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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

Provisions
Provisions are recognised when the company has a legal or constructive obligation as a result of a past event, it is probable that an outflow of resources will be required to settle the obligation, and the amount has been reliably estimated. Provisions are not recognised for future operating losses. Provisions are discounted where the time value of money is material.

Where there are a number of similar obligations, the likelihood that an outflow will be required in settlement is determined by considering the class of obligations as a whole. A provision is recognised even if the likelihood of an outflow with respect to any one item included in the same class of obligations may be small.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 21 (2023 - 13 ) .

Orca Global Company Limited (Registered number: SC658374)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2024

4. INTANGIBLE FIXED ASSETS
Other
intangible
assets
£   
COST
At 1 January 2024 36,233
Additions 8,111
At 31 December 2024 44,344
AMORTISATION
At 1 January 2024 26,667
Charge for year 6,766
At 31 December 2024 33,433
NET BOOK VALUE
At 31 December 2024 10,911
At 31 December 2023 9,566

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 January 2024 466,821
Additions 186,883
Disposals (35,500 )
At 31 December 2024 618,204
DEPRECIATION
At 1 January 2024 89,568
Charge for year 79,019
Eliminated on disposal (6,808 )
At 31 December 2024 161,779
NET BOOK VALUE
At 31 December 2024 456,425
At 31 December 2023 377,253

Orca Global Company Limited (Registered number: SC658374)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2024

5. TANGIBLE FIXED ASSETS - continued

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Plant and
machinery
etc
£   
COST
At 1 January 2024 217,172
Additions 54,123
At 31 December 2024 271,295
DEPRECIATION
At 1 January 2024 8,650
Charge for year 18,392
At 31 December 2024 27,042
NET BOOK VALUE
At 31 December 2024 244,253
At 31 December 2023 208,522

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.24 31.12.23
£    £   
Trade debtors 560,386 389,558
Other debtors 57,626 27,059
618,012 416,617

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.24 31.12.23
£    £   
Hire purchase contracts 64,315 52,916
Trade creditors 361,429 271,216
Amounts owed to related parties 213,600 -
Taxation and social security 151,934 92,242
Other creditors 137,261 36,906
928,539 453,280

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.12.24 31.12.23
£    £   
Hire purchase contracts 107,535 123,244
Amounts owed to related parties 1,111,870 1,428,586
1,219,405 1,551,830

Orca Global Company Limited (Registered number: SC658374)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2024

9. SECURED DEBTS

The following secured debts are included within creditors:

31.12.24 31.12.23
£    £   
Hire purchase contracts 171,850 176,160

Hire purchase contracts are secured on the assets to which they relate.

10. RELATED PARTY DISCLOSURES

At the year end the company owed £1,325,470 (2023: £1,428,586) to companies with common directors and shareholders.