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REGISTERED NUMBER: 06922317 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025

FOR

ORBITAL TOOLS LTD

ORBITAL TOOLS LTD (REGISTERED NUMBER: 06922317)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


ORBITAL TOOLS LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2025







DIRECTORS: C L Read
Mrs A Read





REGISTERED OFFICE: Unit 22C Moorland Way
Nelson Park
Cramlington
NE23 1WE





REGISTERED NUMBER: 06922317 (England and Wales)





ACCOUNTANTS: J.H. Greenwood & Company
Chartered Accountants
Ava Lodge
Castle Terrace
Berwick Upon Tweed
Northumberland
TD15 1NP

ORBITAL TOOLS LTD (REGISTERED NUMBER: 06922317)

BALANCE SHEET
31 MARCH 2025

31/3/25 31/3/24
Notes £    £    £   
FIXED ASSETS
Tangible assets 4 60,593 78,120

CURRENT ASSETS
Stocks 210,618 202,692
Debtors 5 122,894 152,734
Cash at bank 156,965 176,161
490,477 531,587
CREDITORS
Amounts falling due within one year 6 143,640 161,717
NET CURRENT ASSETS 346,837 369,870
TOTAL ASSETS LESS CURRENT
LIABILITIES

407,430

447,990

PROVISIONS FOR LIABILITIES 11,512 14,843
NET ASSETS 395,918 433,147

CAPITAL AND RESERVES
Called up share capital 4 4
Capital redemption reserve 98 98
Retained earnings 395,816 433,045
SHAREHOLDERS' FUNDS 395,918 433,147

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2025 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.

ORBITAL TOOLS LTD (REGISTERED NUMBER: 06922317)

BALANCE SHEET - continued
31 MARCH 2025


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 Profit and Loss has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 21 May 2025 and were signed on its behalf by:





C L Read - Director


ORBITAL TOOLS LTD (REGISTERED NUMBER: 06922317)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025

1. STATUTORY INFORMATION

Orbital Tools Ltd 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.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

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 - 15% on reducing balance
Fixtures and fittings - 25% on cost
Motor vehicles - 25% on reducing balance
Computer equipment - 50% on reducing balance

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and Loss, 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.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

ORBITAL TOOLS LTD (REGISTERED NUMBER: 06922317)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2025

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2024 - 4 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor Computer
machinery fittings vehicles equipment Totals
£    £    £    £    £   
COST
At 1 April 2024 4,819 29,227 65,586 2,598 102,230
Additions - - - 992 992
At 31 March 2025 4,819 29,227 65,586 3,590 103,222
DEPRECIATION
At 1 April 2024 3,232 14,308 5,322 1,248 24,110
Charge for year 210 2,238 15,066 1,005 18,519
At 31 March 2025 3,442 16,546 20,388 2,253 42,629
NET BOOK VALUE
At 31 March 2025 1,377 12,681 45,198 1,337 60,593
At 31 March 2024 1,587 14,919 60,264 1,350 78,120

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/3/25 31/3/24
£    £   
Trade debtors 90,801 150,074
Other debtors 32,093 2,660
122,894 152,734

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/3/25 31/3/24
£    £   
Trade creditors 99,133 72,928
Taxation and social security 41,007 74,031
Other creditors 3,500 14,758
143,640 161,717