Orbis Golf Limited

	Page
Abridged Statement of Financial Position	1—2
Notes to the Abridged Financial Statements	3—5

Registered number: 07646018

		2024		2023
	Notes	£	£	£	£
FIXED ASSETS
Intangible Assets	4		618,030		488,638
Tangible Assets	5		8,343		11,723

			626,373		500,361
CURRENT ASSETS
Stocks		12,869		14,281
Debtors		109,099		172,031
Cash at bank and in hand		183,238		219,399

		305,206		405,711
Creditors: Amounts Falling Due Within One Year		(218,170 )		(211,142 )

NET CURRENT ASSETS (LIABILITIES)			87,036		194,569

TOTAL ASSETS LESS CURRENT LIABILITIES			713,409		694,930

Creditors: Amounts Falling Due After More Than One Year			(650,612 )		(689,117 )

NET ASSETS			62,797		5,813

CAPITAL AND RESERVES
Called up share capital	6		305		305
Share premium account			54,725		54,725
Income Statement			7,767		(49,217 )

SHAREHOLDERS' FUNDS			62,797		5,813

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Orbis Golf Limited

Abridged Statement of Financial Position (continued)

As At 31 December 2024

For the year ending 31 December 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 directors acknowledge their 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.

The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Income Statement.

All of the company's members have consented to the preparation of an Abridged Income Statement and an Abridged Statement of Financial Position for the year end 31 December 2024 in accordance with section 444(2A) of the Companies Act 2006.

On behalf of the board

Mr R J Spurrier

Director

25/09/2025

The notes on pages 3 to 5 form part of these financial statements.

1. General Information

Orbis Golf Limited is a private company, limited by shares, incorporated in England & Wales, registered number 07646018 . The registered office is 7 Bell Yard, London, WC2A 2JR.

2. Accounting Policies

2.1. Basis of Preparation of Financial Statements

The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.

2.2. Going Concern Disclosure

The directors have not identified any material uncertainties related to events or conditions that may cast significant doubt about the company's ability to continue as a going concern.

2.3. 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 is reduced for estimated customer returns, rebates and other similar allowances.

Sale of goods

Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.

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. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.

2.4. Intangible Fixed Assets and Amortisation - Other Intangible

Other intangible assets are are software development costs. It is amortised to the income statement over its estimated economic life of 5 years.

2.5. Tangible Fixed Assets and Depreciation

Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Plant & Machinery	15% Reducing balance / 1/3 Straight line
Fixtures & Fittings	20% Reducing balance
Computer Equipment	1/3 Straight line

2.6. Stocks and Work in Progress

Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.

2.7. Foreign Currencies

Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the statement of financial position date. Transactions in foreign currencies are translated into sterling at the rate ruling on the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.

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Orbis Golf Limited

Notes to the Abridged Financial Statements (continued)

For The Year Ended 31 December 2024

2.8. Research and Development

Research expenditure is written off in the period in which it is incurred.

Development expenditure incurred is capitalised as an intangible asset only when all of the following criteria is met:

It is technically feasible to complete the intangible asset so that it will be available for use or sale;
There is an intention to complete the intangible asset and use or sell it;
There is the ability to use or sell the intangible asset;
There are adequate technical, financial and other resources available to complete the development and to use or sell the intangible asset;
The expenditure attributable to the intangible asset during its development can be measured reliably.

Expenditure that does not meet the above criteria is expensed as incurred.

3. Average Number of Employees

Average number of employees, including directors, during the year was: 11 (2023: 6)

4. Intangible Assets

	Total
	£
Cost
As at 1 January 2024	901,203
Additions	308,238

As at 31 December 2024	1,209,441

Amortisation
As at 1 January 2024	412,565
Provided during the period	178,846

As at 31 December 2024	591,411

Net Book Value
As at 31 December 2024	618,030

As at 1 January 2024	488,638

5. Tangible Assets

	Total
	£
Cost
As at 1 January 2024	42,965
Additions	2,733
Disposals	(20,159 )

As at 31 December 2024	25,539

Depreciation
As at 1 January 2024	31,242
Provided during the period	4,500
Disposals	(18,546 )

As at 31 December 2024	17,196

Net Book Value
As at 31 December 2024	8,343

As at 1 January 2024	11,723

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Orbis Golf Limited

Notes to the Abridged Financial Statements (continued)

For The Year Ended 31 December 2024

6. Share Capital

	2024	2023
	£	£
Allotted, Called up and fully paid	305	305

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