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Registration number: 15171038

Orli Tech Ltd

Annual Report and Unaudited Filleted Financial Statements

for the Period from 28 September 2023 to 31 December 2024

 

Orli Tech Ltd

Contents

Company Information

1

Balance Sheet

2

Notes to the Unaudited Financial Statements

3 to 6

 

Orli Tech Ltd

Company Information

Directors

Mr Darren John Ryemill

Mr Michael Alan Pollard

Registered office

West View House
15 Church Lane
Old Sodbury
BS37 6NB

Accountants

Stone & Co Chartered Accountants
2 Charnwood House
Marsh Road
Ashton
Bristol
BS3 2NA

 

Orli Tech Ltd

(Registration number: 15171038)
Balance Sheet as at 31 December 2024

Note

2024
£

       

Fixed assets

   

Tangible assets

4

 

2,847

Current assets

   

Debtors

5

16,150

 

Cash at bank and in hand

 

5,683

 

 

21,833

 

Creditors: Amounts falling due within one year

6

(85,556)

 

Net current liabilities

   

(63,723)

Net liabilities

   

(60,876)

Capital and reserves

   

Called up share capital

100

 

Retained earnings

(60,976)

 

Shareholders' deficit

   

(60,876)

For the financial period ending 31 December 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the period in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 18 June 2025 and signed on its behalf by:
 

.........................................

Mr Darren John Ryemill
Director

 

Orli Tech Ltd

Notes to the Unaudited Financial Statements for the Period from 28 September 2023 to 31 December 2024

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
West View House
15 Church Lane
Old Sodbury
BS37 6NB

These financial statements were authorised for issue by the Board on 18 June 2025.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Going concern

The financial statements have been prepared on a going concern basis.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

 

Orli Tech Ltd

Notes to the Unaudited Financial Statements for the Period from 28 September 2023 to 31 December 2024

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

3

Staff numbers

The average number of persons employed by the company (including directors) during the period, was 0.

 

Orli Tech Ltd

Notes to the Unaudited Financial Statements for the Period from 28 September 2023 to 31 December 2024

4

Tangible assets

Office equipment
£

Total
£

Cost or valuation

Additions

3,497

3,497

At 31 December 2024

3,497

3,497

Depreciation

Charge for the period

650

650

At 31 December 2024

650

650

Carrying amount

At 31 December 2024

2,847

2,847

5

Debtors

Current

2024
£

Trade debtors

5,574

Prepayments

126

Other debtors

10,450

 

16,150

6

Creditors

Creditors: amounts falling due within one year

Note

2024
£

Due within one year

 

Trade creditors

 

12,877

Amounts owed to group undertakings

7

65,000

Taxation and social security

 

1,729

Accruals and deferred income

 

5,950

 

85,556

 

Orli Tech Ltd

Notes to the Unaudited Financial Statements for the Period from 28 September 2023 to 31 December 2024

7

Related party transactions

Ryemill Family Investments Limited own 70% of the issued share capital of Orli Tech Ltd.

As at the period end the Orli Tech Ltd owed £65,000 to Ryemill Family Investments Limited in the form of an intercompany account. This amount is included in creditors as 'Amounts owed to group undertakings'.

This intercompany balance is interest free and repayable on demand.