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REGISTERED NUMBER: 06662434 (England and Wales)















ORBITAL INSTRUMENTS LIMITED

FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST AUGUST 2024






ORBITAL INSTRUMENTS LIMITED (REGISTERED NUMBER: 06662434)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST AUGUST 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


ORBITAL INSTRUMENTS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31ST AUGUST 2024







DIRECTORS: Dr S J Wilkins
M F Finlan





REGISTERED OFFICE: Hale Hill Farm
Hale Hill Lane
Hatfield Woodhouse
Doncaster
DN7 6PL





REGISTERED NUMBER: 06662434 (England and Wales)





ACCOUNTANTS: W H Prior
Chartered Certified Accountants
Railway Court
Off Ten Pound Walk
Doncaster
South Yorkshire
DN4 5FB

ORBITAL INSTRUMENTS LIMITED (REGISTERED NUMBER: 06662434)

BALANCE SHEET
31ST AUGUST 2024

2024 2023
Notes £    £    £   
FIXED ASSETS
Intangible assets 4 20,405 20,405
Tangible assets 5 - 8
20,405 20,413

CURRENT ASSETS
Cash at bank 18 18

CREDITORS
Amounts falling due within one year 6 69,992 69,610
NET CURRENT LIABILITIES (69,974 ) (69,592 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(49,569

)

(49,179

)

CAPITAL AND RESERVES
Called up share capital 1 1
Retained earnings (49,570 ) (49,180 )
SHAREHOLDERS' FUNDS (49,569 ) (49,179 )

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31st August 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 31st May 2025 and were signed on its behalf by:





Dr S J Wilkins - Director


ORBITAL INSTRUMENTS LIMITED (REGISTERED NUMBER: 06662434)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST AUGUST 2024


1. STATUTORY INFORMATION

Orbital Instruments Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

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.

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 nil years.

Patents
Amortisation is calculated to write off intangible fixed assets over their estimated useful economic lives.

In the opinion of the directors there has been no impairment to the value of the patents included in the accounts, and amortisation will commence once the product has been fully developed.

Patents - No amortisation

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 25% on reducing balance

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.

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.

Going concern
The directors have considered the going concern position of the company and have agreed to provide all necessary financial support to the company for the following twelve month period. On this basis the directors consider the going concern basis to be appropriate and this has been applied in the preparation of the financial statements.

3. EMPLOYEES AND DIRECTORS

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

ORBITAL INSTRUMENTS LIMITED (REGISTERED NUMBER: 06662434)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST AUGUST 2024


4. INTANGIBLE FIXED ASSETS
Other
intangible
assets
£   
COST
At 1st September 2023
and 31st August 2024 20,405
NET BOOK VALUE
At 31st August 2024 20,405
At 31st August 2023 20,405

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1st September 2023
and 31st August 2024 886
DEPRECIATION
At 1st September 2023 878
Charge for year 8
At 31st August 2024 886
NET BOOK VALUE
At 31st August 2024 -
At 31st August 2023 8

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 13 13
Other creditors 69,979 69,597
69,992 69,610