REGISTERED NUMBER: 05414088 (England and Wales)

Financial Statements for the Year Ended 31 December 2024

for

Orelia Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

C Flood

B Flood

REGISTERED OFFICE:

Palmeira Avenue Mansions

19 Church Road

Hove

East Sussex

BN3 2FA

REGISTERED NUMBER:

05414088 (England and Wales)

ACCOUNTANTS:

Atkinsons

Chartered Accountants

Palmeira Avenue Mansions

19 Church Road

Hove

East Sussex

BN3 2FA

FIXED ASSETS

Intangible assets

4

37,435

25,958

Tangible assets

5

115,137

50,248

152,572

76,206

CURRENT ASSETS

Stocks

189,426

233,913

Debtors

6

307,030

368,970

Cash at bank and in hand

320,413

648,566

816,869

1,251,449

CREDITORS

Amounts falling due within one year

7

600,867

751,219

NET CURRENT ASSETS

216,002

500,230

TOTAL ASSETS LESS CURRENT LIABILITIES

368,574

576,436

CREDITORS

Amounts falling due after more than one year

8

(139,524

)

(214,465

)

PROVISIONS FOR LIABILITIES

(19,013

)

(13,291

)

NET ASSETS

210,037

348,680

CAPITAL AND RESERVES

Called up share capital

101

101

Capital redemption reserve

60

60

Retained earnings

209,876

348,519

SHAREHOLDERS' FUNDS

210,037

348,680

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 24 September 2025 and were signed on its behalf by:

C Flood - Director

1.	STATUTORY INFORMATION

Orelia Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

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

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Intangible assets

Web development is being amortised evenly over its estimated useful life of 3 years.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Short leasehold

-

Straight line over the life of the lease

Plant and machinery

-

25% on reducing balance

Computer equipment

-

25% on reducing balance

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

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.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 22 (2023 - 23 ) .

4.	INTANGIBLE FIXED ASSETS

Web

development

£

COST

At 1 January 2024

29,519

Additions

24,650

At 31 December 2024

54,169

AMORTISATION

At 1 January 2024

3,561

Amortisation for year

13,173

At 31 December 2024

16,734

NET BOOK VALUE

At 31 December 2024

37,435

At 31 December 2023

25,958

5.	TANGIBLE FIXED ASSETS

Short

Plant and

Computer

leasehold

machinery

equipment

Totals

£

£

£

£

COST

At 1 January 2024

11,501

38,805

73,775

124,081

Additions

50,047

-

33,003

83,050

At 31 December 2024

61,548

38,805

106,778

207,131

DEPRECIATION

At 1 January 2024

5,249

25,491

43,093

73,833

Charge for year

3,795

3,329

11,037

18,161

At 31 December 2024

9,044

28,820

54,130

91,994

NET BOOK VALUE

At 31 December 2024

52,504

9,985

52,648

115,137

At 31 December 2023

6,252

13,314

30,682

50,248

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.24

31.12.23

£

£

Trade debtors

235,073

264,492

Other debtors

71,957

104,478

307,030

368,970

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.24

31.12.23

£

£

Bank loans and overdrafts

40,538

40,538

Trade creditors

275,945

336,812

Taxation and social security

249,933

330,205

Other creditors

34,451

43,664

600,867

751,219

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.12.24

31.12.23

£

£

Bank loans

41,406

81,944

Taxation and social security

98,118

132,521

139,524

214,465

9.	OTHER FINANCIAL COMMITMENTS

The total of future minimum lease payments under non-cancellable operating leases are £188,177 (2023 - £284,588).

10.	RELATED PARTY DISCLOSURES

The company has taken advantage of the exemption under FRS 102 1AC.35 whereby particulars need not be given for related party transactions concluded under normal market conditions, or transactions entered into between two or more members of a group, provided that any subsidiary which is party to the transactions is wholly-owned by such a member.