Registered number
11058849
Orbital Electrical Solutions Limited
Filleted Accounts
30 November 2024
Orbital Electrical Solutions Limited
Profit and Loss Account
for the year ended 30 November 2024
2024 2023
£ £
Turnover 278,910 266,587
Cost of sales (123,899) (94,077)
Gross profit 155,011 172,510
Administrative expenses (106,997) (120,037)
Operating profit 48,014 52,473
Profit before taxation 48,014 52,473
Tax on profit (9,046) (10,577)
Profit for the financial year 38,968 41,896
Orbital Electrical Solutions Limited
Registered number: 11058849
Balance Sheet
as at 30 November 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 11,377 8,235
Current assets
Cash at bank and in hand 10,753 9,715
Creditors: amounts falling due within one year 4 (45,384) (53,211)
Net current liabilities (34,631) (43,496)
Total assets less current liabilities (23,254) (35,261)
Creditors: amounts falling due after more than one year 5 (22,574) (27,581)
Net liabilities (45,828) (62,842)
Capital and reserves
Called up share capital 100 100
Profit and loss account (45,928) (62,942)
Shareholders' funds (45,828) (62,842)
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.
Mr Liam Monks
Director
Approved by the board on 24 July 2025
Orbital Electrical Solutions Limited
Notes to the Accounts
for the year ended 30 November 2024
1 Accounting policies
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue from the rendering of services. 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:
Plant and machinery over 5 years
Fixtures, fittings, tools and equipment over 5 years
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.
Provisions
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.
Pensions
Contributions to defined contribution plans are expensed in the period to which they relate.
Audit information
2
Average number of persons employed by the company 4 6
Tangible fixed assets
Plant and machinery etc
3 £
Cost
At 1 December 2023 24,831
Additions 5,150
At 30 November 2024 29,981
Depreciation
At 1 December 2023 16,596
Charge for the year 2,008
At 30 November 2024 18,604
Net book value
At 30 November 2024 11,377
At 30 November 2023 8,235
Creditors: amounts falling due within one year 2024 2023
£ £
4
Trade creditors 2,895 2,895
Taxation and social security costs 42,794 48,212
Other creditors (305) 2,104
45,384 53,211
Creditors: amounts falling due after one year 2024 2023
£ £
5
Bank loans 22,574 27,581
6 Orbital Electrical Solutions Limited is a private company limited by shares and incorporated in England. Its registered office is:
18 Cricketers Field
Northiam
Rye
East Sussex
TN31 6FA
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