Registered number
09365091
ORB Mechanical & Electrical Limited
Unaudited Filleted Accounts
30 December 2024
ORB Mechanical & Electrical Limited
Registered number: 09365091
Balance Sheet
as at 30 December 2024
Notes 2024 2023
£ £
Fixed assets
Intangible assets 3 262,975 278,975
Tangible assets 4 85,046 121,116
348,021 400,091
Current assets
Stocks 256,000 250,000
Debtors 5 871,569 428,128
Cash at bank and in hand 286,575 738,399
1,414,144 1,416,527
Creditors: amounts falling due within one year 6 (461,089) (389,494)
Net current assets 953,055 1,027,033
Total assets less current liabilities 1,301,076 1,427,124
Creditors: amounts falling due after more than one year 7 (97,552) (128,344)
Net assets 1,203,524 1,298,780
Capital and reserves
Called up share capital 300 300
Profit and loss account 1,203,224 1,298,480
Shareholders' funds 1,203,524 1,298,780
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their 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.
Oliver Burleigh
Director
Approved by the board on 10 July 2025
ORB Mechanical & Electrical Limited
Notes to the Accounts
for the year ended 30 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.
Intangible fixed assets
Intangible fixed assets are measured at cost less accumulative amortisation and any accumulative impairment losses.
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:
Freehold buildings over 50 years
Leasehold land and buildings over the lease term
Plant and machinery over 5 years
Fixtures, fittings, tools and equipment over 5 years
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.
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. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Leased assets
A lease is classified as a finance lease if it transfers substantially all the risks and rewards incidental to ownership. All other leases are classified as operating leases. The rights of use and obligations under finance leases are initially recognised as assets and liabilities at amounts equal to the fair value of the leased assets or, if lower, the present value of the minimum lease payments. Minimum lease payments are apportioned between the finance charge and the reduction in the outstanding liability using the effective interest rate method. The finance charge is allocated to each period during the lease so as to produce a constant periodic rate of interest on the remaining balance of the liability. Leased assets are depreciated in accordance with the company's policy for tangible fixed assets. If there is no reasonable certainty that ownership will be obtained at the end of the lease term, the asset is depreciated over the lower of the lease term and its useful life. Operating lease payments are recog
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 16 16
3 Intangible fixed assets £
Goodwill:
Cost
At 31 December 2023 330,000
At 30 December 2024 330,000
Amortisation
At 31 December 2023 51,025
Provided during the year 16,000
At 30 December 2024 67,025
Net book value
At 30 December 2024 262,975
At 30 December 2023 278,975
Goodwill is being written off in equal annual instalments over its estimated economic life of 20 years.
4 Tangible fixed assets
Plant and machinery etc Motor vehicles Total
£ £ £
Cost
At 31 December 2023 21,375 250,409 271,784
Disposals - (18,300) (18,300)
At 30 December 2024 21,375 232,109 253,484
Depreciation
At 31 December 2023 13,199 137,469 150,668
Charge for the year 2,044 26,305 28,349
On disposals - (10,579) (10,579)
At 30 December 2024 15,243 153,195 168,438
Net book value
At 30 December 2024 6,132 78,914 85,046
At 30 December 2023 8,176 112,940 121,116
5 Debtors 2024 2023
£ £
Trade debtors 433,324 168,303
Amounts owed by group undertakings and undertakings in which the company has a participating interest 354,918 203,417
Other debtors 83,327 56,408
871,569 428,128
6 Creditors: amounts falling due within one year 2024 2023
£ £
Trade creditors 368,671 202,365
Taxation and social security costs 91,108 185,819
Accruals 1,310 1,310
461,089 389,494
7 Creditors: amounts falling due after one year 2024 2023
£ £
Bank loans 13,674 24,166
Obligations under finance lease and hire purchase contracts 67,125 87,425
Directors loan account 16,753 16,753
97,552 128,344
8 Other information
ORB Mechanical & Electrical Limited is a private company limited by shares and incorporated in England. Its registered office is:
8 Hanham Hall
Whittucks Road
Bristol
BS15 3FR
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