Orion Image Limited - Filleted accounts

Registered number

06953037

Orion Image Limited

Filleted Abridged Accounts

31 July 2025

Orion Image Limited
Registered number:		06953037
Abridged Balance Sheet
as at 31 July 2025

Notes			2025			2024
£				£
Fixed assets
Intangible assets	3		-			-
Tangible assets	4		28,088			31,455
			28,088			31,455

Current assets
Stocks		2,346			2,222
Debtors		7,926			8,694
Cash at bank and in hand		47,946			41,109
		58,218			52,025

Creditors: amounts falling due within one year		(90,511)			(97,952)

Net current liabilities			(32,293)			(45,927)

Total assets less current liabilities			(4,205)			(14,472)

Creditors: amounts falling due after more than one year			-			(6,144)

Provisions for liabilities			(1,060)			-


Net liabilities			(5,265)			(20,616)

Capital and reserves
Called up share capital			100			100
Profit and loss account			(5,365)			(20,716)

Shareholders' funds			(5,265)			(20,616)

Continued
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A) of the Companies Act 2006.




L G Allwood
Director
Approved by the board on 28 April 2026

Orion Image Limited
Notes to the Abridged Accounts
for the year ended 31 July 2025


1	Summary of significant accounting policies

	Basis of preparation
	The abridged accounts have been prepared in accordance with Financial Reporting Standard 102 (FRS 102) and the Companies Act 2006 (as applicable to companies subject to the small company regime). The significant accounting policies applied in the preparation of these 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, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services and is recognised as follows: - Box office revenue on the date of screening - Concessions and takeaway catering sales at point of sale - Screen advertising over the period the advert is shown in the cinemas

	Intangible fixed assets- Goodwill
	Goodwill arising on business combinations is capitalised, classified as an asset on the balance sheet and amortised on a straight line basis over its useful life. The period for writing off goodwill is five years.

	Tangible fixed assets
	Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:

	Plant and machinery			10 % - 20% of net book value per annum

	Stocks
	Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.

	Debtors
	Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts.

	Creditors
	Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.

	Taxation
	A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. 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. Current and deferred tax assets and liabilities are not discounted.

	Provisions
	Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.

	Leased assets
	Leases in which substantially all the risks and rewards of ownership are retained by the lessor are classified as operating leases. Operating lease payments are recognised as an expense on a straight-line basis over the lease term.

	Government grants
	Revenue grants are accounted using the accrual method and are recognised in income on a systematic basis over the period in which the related costs for which the grant is intended to compensate. Grants that become receivable as compensation for expenses or losses already incurred or for the purpose of giving immediate financial support, with no future related costs, are recognised in income in the period in which it becomes receivable.

	Employee benefits
	When employees have rendered service to the company, short term employees benefits to which the employees are entitled are recognised at the undiscounted amount expected to be paid in exchange for that service.

	Pensions
	Contributions to defined contribution plans are expensed in the period to which they relate.

	Going concern
	The company has indebtedness to its bank and a company controlled by the director of £6,145 and £19,352 respectively. The company is reliant on the continued support of the bank and the company's director. The director does not consider this support will be withdrawn and that the company can continue trading as a going concern for the foreseeable future

2	Employees					2025		2024
Number							Number

	Average number of persons employed by the company					8		10


3	Intangible fixed assets							£
	Goodwill:

	Cost
	At 1 August 2024							3,000
	At 31 July 2025							3,000

	Amortisation
	At 1 August 2024							3,000
	At 31 July 2025							3,000

	Net book value
	At 31 July 2025							-

	Goodwill is being written off in equal annual instalments over its estimated economic life of 5 years.


4	Tangible fixed assets
								Total
£
	Cost
	At 1 August 2024							53,453
	At 31 July 2025							53,453

	Depreciation
	At 1 August 2024							21,998
	Charge for the year							3,367
	At 31 July 2025							25,365

	Net book value
	At 31 July 2025							28,088
	At 31 July 2024							31,455


5	Share Capital	Nominal		2023		2025		2024
value			Number		£		£
	Allotted and called up
	Ordinary shares	£1 each		100		100		100


6	Other information

	Orion Image Limited is a private company limited by shares and incorporated in England. Its registered office is:
	The History Room at Farnham Pottery
	Pottery Lane
	Wrecclesham, Farnham
	Surrey
	GU10 4QJ