Registered number
14322900
ORBITAL ART LIMITED
Unaudited Filleted Accounts
(Cessation)
31 August 2024
ORBITAL ART LIMITED
Registered number: 14322900
Balance Sheet
as at 31 August 2024
Notes 2024 2023
£ £
Current assets
Cash at bank and in hand 47,738 122,760
Creditors: amounts falling due within one year 3 (23,633) (99,214)
Net current assets 24,105 23,546
Net assets 24,105 23,546
Capital and reserves
Called up share capital 1 1
Profit and loss account 24,104 23,545
Shareholder's funds 24,105 23,546
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 her 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.
Dr Kylie MacFarquharson
Director
Approved by the board on 15 May 2025
ORBITAL ART LIMITED
Notes to the Accounts
for the year ended 31 August 2024
1 Accounting policies
Basis of preparation
These financial statements have been prepared in accordance with the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.
Turnover
Turnover represents the value, net of value added tax and discounts, of goods provided to customers and work carried out in respect of services provided to customers.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 1 1
3 Creditors: amounts falling due within one year 2024 2023
£ £
Trade creditors 1,500 1,860
Corporation tax 131 72,302
Other creditors 22,002 25,052
23,633 99,214
4 Other information
ORBITAL ART LIMITED is a private company limited by shares and incorporated in England. Its registered office is:
2 Hinksey Court
Church Way
Oxford
Oxfordshire
OX2 9SX
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