REGISTERED NUMBER: 07084128 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 March 2025

for

Original Business IT Solutions Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

Directors:

J Lewington

Mrs J Lewington

D Bengough

Registered office:

Unit 9 BSc

Hood Road

The Waterfront

Barry

Vale of Glamorgan

CF62 5QN

Registered number:

07084128 (England and Wales)

Accountants:

BYB Accountancy Ltd

Incorporated Financial Accountants

39 Cardiff Road

Llandaff

Cardiff

South Glamorgan

CF5 2DP

Fixed assets

Tangible assets

4

25,420

33,496

Current assets

Debtors

5

457,139

298,665

Cash at bank and in hand

288,445

206,489

745,584

505,154

Creditors

Amounts falling due within one year

6

352,357

275,847

Net current assets

393,227

229,307

Total assets less current liabilities

418,647

262,803

Creditors

Amounts falling due after more than one year

7

9,772

20,135

Net assets

408,875

242,668

Capital and reserves

Called up share capital

100

100

Retained earnings

408,775

242,568

Shareholders' funds

408,875

242,668

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2025 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 12 June 2025 and were signed on its behalf by:

J Lewington - Director

1.	STATUTORY INFORMATION

Original Business IT Solutions 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.

Tangible fixed assets

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

Fixtures and fittings

-

15% on reducing balance

Computer equipment

-

33% on reducing balance

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 15 (2024 - 18 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

and

Motor

Computer

fittings

vehicles

equipment

Totals

£

£

£

£

Cost

At 1 April 2024

and 31 March 2025

14,869

72,940

1,694

89,503

Depreciation

At 1 April 2024

9,259

45,166

1,582

56,007

Charge for year

840

7,128

108

8,076

At 31 March 2025

10,099

52,294

1,690

64,083

Net book value

At 31 March 2025

4,770

20,646

4

25,420

At 31 March 2024

5,610

27,774

112

33,496

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

264,782

226,371

Other debtors

192,357

72,294

457,139

298,665

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Hire purchase contracts (see note 8)

8,628

8,628

Trade creditors

8,566

8,695

Taxation and social security

100,038

54,949

Other creditors

235,125

203,575

352,357

275,847

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

£

Hire purchase contracts (see note 8)

9,772

20,135

8.	LEASING AGREEMENTS

Minimum lease payments under hire purchase fall due as follows:

2025

2024

£

£

Net obligations repayable:

Within one year

8,628

8,628

Between one and five years

9,772

20,135

18,400

28,763

At 31 March 2025, the company had commitments under operating leases over the remaining life of those leases of £9082

9.	RELATED PARTY DISCLOSURES

Included in other creditors are loans of £23,000 (2024, £4076) to the company from Mr J Lewington & Mrs J Lewington & Mr D Bengough. There are no set terms for repayment and no interest is being charged.

Included in other debtors are loans to JDR Property Holdings Ltd of £171,758, Mr J Lewington and Mr D Bengough are directors of JDR Property Holdings Ltd.

10.	ULTIMATE CONTROLLING PARTY

The controlling party is Orbits IT Group Ltd.