REGISTERED NUMBER: 12175398 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

FOR

ORBIT4 GROUP LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

D M Jones

A J Butterfield

P S Croft

Mrs K Jones

P A Cowgill

REGISTERED OFFICE:

7 School Lane

Hartford

Northwich

Cheshire

CW8 1NP

REGISTERED NUMBER:

12175398 (England and Wales)

ACCOUNTANTS:

Fawcetts LLP

Chartered Accountants

Windover House

St. Ann Street

Salisbury

SP1 2DR

FIXED ASSETS

Intangible assets

4

231,195

154,754

Investments

5

7,588

7,588

238,783

162,342

CURRENT ASSETS

Debtors

6

929,943

801,425

Cash at bank

11,712

246,486

941,655

1,047,911

CREDITORS

Amounts falling due within one year

7

189,367

108,187

NET CURRENT ASSETS

752,288

939,724

TOTAL ASSETS LESS CURRENT LIABILITIES

991,071

1,102,066

CREDITORS

Amounts falling due after more than one year

8

982,199

532,472

NET ASSETS

8,872

569,594

CAPITAL AND RESERVES

Called up share capital

9

261

255

Share premium

619,938

569,942

Retained earnings

(611,327

)

(603

)

SHAREHOLDERS' FUNDS

8,872

569,594

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 26 June 2025 and were signed on its behalf by:

D M Jones - Director

1.	STATUTORY INFORMATION

Orbit4 Group 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.

The financial statements have been prepared on a going concern basis and are presented in Sterling (£) which is the functional currency of the company.

The significant accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all years presented unless otherwise stated.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebate and value added tax.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Development costs are being amortised evenly over their estimated useful life of four years.

Investments in subsidiaries

Investments in subsidiary undertakings are recognised at cost.

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.

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.

Debtors

Debtors are measured at their recoverable amount.

Creditors

Creditors and provisions are recognised where the company has a present obligation resulting from a past event that will probably result in the transfer of funds to a third party and the amount due to settle the obligation can be measured or estimated reliably. Creditors and provisions are normally recognised at their settlement amount after allowing for any trade discounts due.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 8 (2023 - 8 ) .

4.	INTANGIBLE FIXED ASSETS

Other

intangible

assets

£

COST

At 1 January 2024

161,250

Additions

136,332

At 31 December 2024

297,582

AMORTISATION

At 1 January 2024

6,496

Charge for year

59,891

At 31 December 2024

66,387

NET BOOK VALUE

At 31 December 2024

231,195

At 31 December 2023

154,754

5.	FIXED ASSET INVESTMENTS

Shares in

group

undertakings

£

COST

At 1 January 2024

and 31 December 2024

7,588

NET BOOK VALUE

At 31 December 2024

7,588

At 31 December 2023

7,588

6.

DEBTORS

2024

2023

£

£

Amounts falling due within one year:

Trade debtors

56,446

-

Amounts owed by group undertakings

796,318

649,257

Other debtors

15,665

15,015

868,429

664,272

Amounts falling due after more than one year:

Amounts owed by group undertakings

61,514

137,153

Aggregate amounts

929,943

801,425

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Trade creditors

22,581

33,756

Taxation and social security

-

3,631

Other creditors

166,786

70,800

189,367

108,187

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2023

2022

£

£

Amounts owed to group undertakings

139,741

154,026

Other creditors

397,177

202,976

536,918

357,002

9.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2024

2023

value:

£

£

260,558

Ordinary

£0.00

1

261

255

5,776 Ordinary shares of £0.001 each were allotted as fully paid at a premium of £8.655p per share during the year.