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Registration number: 02860492

Orbital Sound Limited Unaudited Financial Statements for the Year Ended 31 October 2025
Brebners Chartered Accountants 130 Shaftesbury Avenue London W1D 5AR

Orbital Sound Limited

Contents

Company Information | 1
Statement of Financial Position | 2 to 3
Notes to the Unaudited Financial Statements | 4 to 9

Orbital Sound Limited

Company Information

Directors | M C Headlam-Morley E Simpson D P Headlam-Morley

Registered office | First Floor 1 Suffolk Way Sevenoaks Kent TN13 1YL

Accountants | Brebners Chartered Accountants 130 Shaftesbury Avenue London W1D 5AR

Orbital Sound Limited

Statement of Financial Position as at 31 October 2025

| Note | 2025 £ | 2024 £
Fixed assets |  |  |
Tangible assets | 4 | 6,786,848 | 6,859,318
Investments | 5 | 300 | 300
|  | 6,787,148 | 6,859,618
Current assets |  |  |
Stocks | 6 | 174,272 | 165,166
Debtors | 7 | 726,083 | 426,866
Cash at bank and in hand |  | 1,167,640 | 1,349,999
|  | 2,067,995 | 1,942,031
Creditors: Amounts falling due within one year | 8 | (955,721) | (1,353,228)
Net current assets |  | 1,112,274 | 588,803
Total assets less current liabilities |  | 7,899,422 | 7,448,421
Creditors: Amounts falling due after more than one year | 8 | - | (31,746)
Provisions for liabilities - Deferred Tax |  | (1,476,178) | (1,373,563)
Net assets |  | 6,423,244 | 6,043,112
Capital and reserves |  |  |
Called up share capital |  | 919 | 919
Share premium reserve |  | 39,330 | 39,330
Profit and loss account |  | 6,382,995 | 6,002,863
Shareholders' funds |  | 6,423,244 | 6,043,112

For the financial year ending 31 October 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

• | The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and
• | The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

Orbital Sound Limited

Statement of Financial Position as at 31 October 2025

These financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and FRS 102 ‘The Financial Reporting Standard Applicable in the UK and Republic of Ireland’.

The directors of Orbital Sound Limited have elected not to include a copy of the Income Statement within the financial statements, in accordance with the special provisions relating to companies subject to the small companies regime within the Companies Act 2006, s444.

Approved and authorised by the Board on 15 January 2026 and signed on its behalf by:

.........................................

M C Headlam-Morley

Director

Company registration number: 02860492

Orbital Sound Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 October 2025

1 | General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
First Floor
1 Suffolk Way
Sevenoaks
Kent
TN13 1YL

The principal activity of the company is that of the sale, hire, engineering, and design of professional sound equipment and consultancy services in respect thereof.

2 | Accounting policies

Statement of compliance

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' Section 1A and the Companies Act 2006.

Basis of preparation

These financial statements have been prepared using the historical cost convention except any items disclosed in the accounting policies as being shown at fair value and are presented in sterling, which is the functional currency of the entity.

Group accounts not prepared

The company has taken advantage of the option not to prepare consolidated financial statements contained in Section 399 of the Companies Act 2006 on the basis that the company and its subsidiary undertakings comprise a small group.

Going concern

The company made a profit for the year ended 31 October 2025 and had net assets at that date of £6,423,244 including cash at bank amounting to £1,167,640.
The company has continued to trade profitably subsequent to 31 October 2025.
On the basis of the above, and after making enquiries, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Accordingly, the director continues to adopt the going concern basis in preparing the financial statements.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for goods supplied and services rendered in the ordinary course of the company's activities. Turnover is shown net of Value Added Tax.
The company recognises revenue from the sale of goods when the significant risks and rewards of ownership of the goods have transferred to the buyer, usually on despatch of the goods, and when the amount of revenue can be measured reliably.
Revenue from the rendering of services is measured by reference to the stage of completion of the service transaction at the end of the reporting period provided that the outcome can be reliably estimated. When the outcome cannot be reliably estimated, revenue is recognised only to the extent that expenses recognised are recoverable.

Orbital Sound Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 October 2025

Foreign currency transactions and balances

Transactions in foreign currencies are initially recorded at the functional currency rate prevailing at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are retranslated into the respective functional currency of the entity at the rates prevailing on the reporting period date. Non-monetary items carried at fair value that are denominated in foreign currencies are retranslated at the rate on the date when the fair value is re-measured.
Non-monetary items measured in terms of historical cost in a foreign currency are not retranslated.

Tax

The tax expense for the period comprises current and deferred tax. Tax is recognised in profit or loss, except that a charge attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.
Unrelieved tax losses and other deferred tax assets are recognised when it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.
Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.
Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

Tangible assets

Tangible assets are stated in the statement of financial position at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class | Depreciation method and rate
Plant and Machinery | 15% reducing balance
Fixtures and Fittings | 25% straight line
Motor Vehicles | 20% straight line

Investments

Investments in equity shares which are not publicly traded and where fair value cannot be measured reliably are measured at cost less impairment.
Dividends on equity securities are recognised in income when receivable.

Orbital Sound Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 October 2025

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method.
The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the inventories to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are impaired, the carrying amount is reduced to its selling price less costs to complete and sell; the impairment loss is recognised immediately in profit or loss.

Finance leases and hire purchase agreements

Assets held under finance leases and hire purchase contracts are recognised in the statement of financial position as assets and liabilities at the lower of the fair value of the assets and the present value of the minimum lease payments, which is determined at the inception of the lease term. Any initial direct costs of the lease are added to the amount recognised as an asset.
Lease payments are apportioned between the finance charges and reduction of the outstanding lease liability using the effective interest method. Finance charges are allocated to each period so as to produce a constant rate of interest on the remaining balance of the liability.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

3 | Staff numbers

The average number of persons employed by the company during the year, was 18 (2024 - 18).

Orbital Sound Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 October 2025

4 | Tangible assets

| Fixtures and Fittings £ | Motor vehicles £ | Plant and Machinery £ | Total £
Cost or valuation
At 1 November 2024 | 285,907 | 22,208 | 19,980,461 | 20,288,576
Additions | 94,573 | - | 1,020,560 | 1,115,133
Disposals | - | - | (383,878) | (383,878)
At 31 October 2025 | 380,480 | 22,208 | 20,617,143 | 21,019,831
Depreciation
At 1 November 2024 | 215,993 | 4,072 | 13,209,193 | 13,429,258
Charge for the year | 41,366 | 4,441 | 1,063,641 | 1,109,448
Eliminated on disposal | - | - | (305,723) | (305,723)
At 31 October 2025 | 257,359 | 8,513 | 13,967,111 | 14,232,983
Carrying amount
At 31 October 2025 | 123,121 | 13,695 | 6,650,032 | 6,786,848
At 31 October 2024 | 69,914 | 18,136 | 6,771,268 | 6,859,318

5 | Investments

| 2025 £ | 2024 £
Investments in subsidiaries | 300 | 300

Subsidiaries | £
Cost or valuation
At 1 November 2024 and 31 October 2025 | 300
Carrying amount
At 31 October 2025 | 300
At 31 October 2024 | 300

Orbital Sound Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 October 2025

6 | Stocks

| 2025 £ | 2024 £
Stock | 174,272 | 165,166

7 | Debtors

|  | 2025 £ | 2024 £
Trade debtors |  | 310,159 | 388,375
Amounts owed by group undertakings |  | 391,816 | 29,811
Other debtors |  | 24,108 | 8,680
|  | 726,083 | 426,866

8 | Creditors

Creditors: amounts falling due within one year

| Note | 2025 £ | 2024 £
Loans and borrowings | 9 | 35,913 | 235,484
Trade creditors |  | 539,286 | 418,885
Amounts owed to group undertakings |  | 300 | 300
Taxation and social security |  | 87,057 | 199,994
Other creditors |  | 293,165 | 498,565
|  | 955,721 | 1,353,228

Creditors: amounts falling due after more than one year

| Note | 2025 £ | 2024 £
Loans and borrowings | 9 | - | 31,746

Orbital Sound Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 October 2025

9 | Loans and borrowings

| 2025 £ | 2024 £
Current loans and borrowings
Bank loans | 29,167 | 54,167
Hire purchase and finance lease liabilities | 6,746 | 152,528
Other borrowings | - | 28,789
| 35,913 | 235,484

| 2025 £ | 2024 £
Non-current loans and borrowings
Bank loans | - | 25,000
Hire purchase and finance lease liabilities | - | 6,746
| - | 31,746

Liabilities under hire purchase and finance lease agreements are secured on the assets concerned.

Bank loans are secured by a fixed and floating charge over the assets and undertakings of the company.

10 | Financial commitments, guarantees and contingencies

Amounts not provided for in the statement of financial position

The total amount of financial commitments not included in the statement of financial position is £3,190,800 (2024 - £3,614,300).