Company Registration No. 10213640 (England and Wales)
ORKESTRO LIMITED
Unaudited accounts
for the year ended 30 June 2024
ORKESTRO LIMITED
Unaudited accounts
Contents
ORKESTRO LIMITED
Company Information
for the year ended 30 June 2024
Company Number
10213640 (England and Wales)
Registered Office
41 MASHITERS WALK
ROMFORD
RM1 4BX
ENGLAND
Accountants
Sleek Accounting Ltd
4th Floor
205 Regent Street
London
W1B 4HB
ORKESTRO LIMITED
Statement of financial position
as at 30 June 2024
Cash at bank and in hand
290,713
403,129
Creditors: amounts falling due within one year
(293,334)
(274,119)
Net current assets
209,200
264,724
Total assets less current liabilities
213,383
264,833
Creditors: amounts falling due after more than one year
(1,855,786)
(1,855,786)
Net liabilities
(1,642,403)
(1,590,953)
Called up share capital
137
137
Share premium
2,735,759
2,735,759
Profit and loss account
(4,378,299)
(4,326,849)
Shareholders' funds
(1,642,403)
(1,590,953)
For the year ending 30 June 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 9 April 2025 and were signed on its behalf by
Edoardo Del Bino
Director
Company Registration No. 10213640
ORKESTRO LIMITED
Notes to the Accounts
for the year ended 30 June 2024
ORKESTRO LIMITED is a private company, limited by shares, registered in England and Wales, registration number 10213640. The registered office is 41 MASHITERS WALK, ROMFORD, RM1 4BX, ENGLAND.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. 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.
Basic financial instruments are recognised at amortised cost, except for investments in non-convertible preference and non-puttable ordinary shares which are measured at fair value, with changes recognised in profit or loss. Derivative financial instruments are initially recorded at cost and thereafter at fair value with changes recognised in profit or loss.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Computer equipment
33% straight line
Expenditure on research and development is written off in the year in which it is incurred.
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rates of exchange ruling at the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
ORKESTRO LIMITED
Notes to the Accounts
for the year ended 30 June 2024
4
Tangible fixed assets
Computer equipment
Amounts falling due within one year
Trade debtors
211,821
115,578
6
Creditors: amounts falling due within one year
2024
2023
Trade creditors
229,088
245,044
Taxes and social security
4,900
12,167
Other creditors
9,681
16,908
Loans from directors
26,998
-
7
Creditors: amounts falling due after more than one year
2024
2023
Other creditors
1,855,786
1,855,786
Allotted, called up and fully paid:
137 Ordinary shares of £1 each
137
137
9
Average number of employees
During the year the average number of employees was 3 (2023: 10).