Registered number
03298855
ORION ENGINEERING LIMITED
Filleted Accounts
31 December 2024
ORION ENGINEERING LIMITED
Registered number: 03298855
Balance Sheet
as at 31 December 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 389 486
Investments 4 12,000 -
12,389 486
Current assets
Debtors 5 304 829
Cash at bank and in hand 40 853
344 1,682
Creditors: amounts falling due within one year 6 (1,703) (1,804)
Net current liabilities (1,359) (122)
Total assets less current liabilities 11,030 364
Creditors: amounts falling due after more than one year 7 (106,104) (99,313)
Net liabilities (95,074) (98,949)
Capital and reserves
Called up share capital 100 100
Profit and loss account (95,174) (99,049)
Shareholder's funds (95,074) (98,949)
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.
P N Gater
Director
Approved by the board on 26 April 2025
ORION ENGINEERING LIMITED
Notes to the Accounts
for the year ended 31 December 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 is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Office equipment 20% per annum of net book value
Investments
Investments in subsidiaries, associates and joint ventures are measured at cost less any accumulated impairment losses. Listed investments are measured at fair value. Unlisted investments are measured at fair value unless the value cannot be measured reliably, in which case they are measured at cost less any accumulated impairment losses. Changes in fair value are included in the profit and loss account.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
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 Tangible fixed assets
Office Equipment
£
Cost
At 1 January 2024 12,351
At 31 December 2024 12,351
Depreciation
At 1 January 2024 11,865
Charge for the year 97
At 31 December 2024 11,962
Net book value
At 31 December 2024 389
At 31 December 2023 486
4 Investments
Other
investments
£
Cost
Additions 12,000
At 31 December 2024 12,000
5 Debtors 2024 2023
£ £
Trade debtors 145 829
Other debtors 159 -
304 829
6 Creditors: amounts falling due within one year 2024 2023
£ £
Bank loans and overdrafts 739 512
Accruals and deferred income 964 1,150
Taxation and social security costs - 142
1,703 1,804
7 Creditors: amounts falling due after one year 2024 2023
£ £
Bank loans - 734
Directors loans 106,104 98,579
106,104 99,313
8 Events after the reporting date
There were no material post balance sheet events up to the 26th April 2025, being the date of approval of the financial statements by the board of directors.
9 Other information
ORION ENGINEERING LIMITED is a private company limited by shares and incorporated in England. Its registered office is:
101 Millstone Lane
Nantwich
Cheshire
CW5 5PW
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