Orbital Foods Limited Filleted accounts for Companies House (small and micro)

COMPANY REGISTRATION NUMBER: 02951809

Orbital Foods Limited

Filleted Unaudited Financial Statements

For the year ended

31 July 2025

Orbital Foods Limited

Statement of Financial Position

31 July 2025

	2025		2024
Note	£	£	£	£

Fixed assets

Tangible assets	6		6,927,208		6,697,657

Current assets

Stocks		2,238,481	1,641,165
Debtors: due within one year	7	1,192,776	1,077,455
Debtors: due after more than one year	7	8,125	8,125
Cash at bank and in hand		65,648	41,647
		------------	------------
		3,505,030	2,768,392

Creditors: amounts falling due within one year	8	3,229,024		3,046,762
		------------		------------
Net current assets/(liabilities)			276,006		( 278,370)
			------------		------------
Total assets less current liabilities			7,203,214		6,419,287

Creditors: amounts falling due after more than one year	9		3,371,605		3,365,864

Provisions

Taxation including deferred tax	96,121	88,652
	------------	------------
Net assets	3,735,488	2,964,771
	------------	------------

Capital and reserves

Called up share capital	100	100
Revaluation reserve	537,432	290,018
Profit and loss account	3,197,956	2,674,653
	------------	------------
Shareholders funds	3,735,488	2,964,771
	------------	------------

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

In accordance with section 444 of the Companies Act 2006, the statement of comprehensive income has not been delivered.

For the year ending 31 July 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 financial statements for the year in question in accordance with section 476 ;

- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .

Orbital Foods Limited

Statement of Financial Position (continued)

31 July 2025

These financial statements were approved by the board of directors and authorised for issue on 24 April 2026 , and are signed on behalf of the board by:

A Townsend

Director

Company registration number: 02951809

Orbital Foods Limited

Notes to the Financial Statements

Year ended 31 July 2025

1. General information

The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Chapel Pond Hill, Bury St Edmunds, Suffolk, IP32 7HT.

2. Statement of compliance

These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.

3. Accounting policies

Basis of preparation

The financial statements have been prepared on the historical cost basis, as modified by the revaluation of investment properties measured at fair value through profit and loss. The financial statements are prepared in sterling, which is the functional currency of the entity.

Foreign currency

Foreign currency transactions are initially recorded in the functional currency, by applying the spot exchange rate as at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are translated at the exchange rate ruling at the reporting date, with any gains or losses being taken to the profit and loss account.

Revenue recognition

The turnover shown in the profit and loss represents food manufacturing machinery sold and rented out during the year, exclusive of Value Added Tax. Rentals spanning the year end are apportioned based on a straight line basis.

Income tax

The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date. Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised 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 that are expected to apply to the reversal of the timing difference.

Operating leases

Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against profits on a straight line basis over the period of the lease.

Investment properties

Investment property is initially recorded at cost, which includes purchase price and any directly attributable expenditure, and subsequently stated at fair value.

The gain or loss arising from the annual revaluation is recognised through profit and loss, with any unrealised gains at the balance sheet date being subsequently transferred to a separate non-distributable revaluation reserve.

Intangible assets

Intangible assets are initially recorded at cost, and are subsequently stated at cost less any accumulated amortisation and impairment losses.

Amortisation

Amortisation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful life of that asset as follows:

	Sundry intangible assets	-	10% straight line

If there is an indication that there has been a significant change in amortisation rate, useful life or residual value of an intangible asset, the amortisation is revised prospectively to reflect the new estimates.

Tangible assets

Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses.

Depreciation

Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:

Freehold property	-	2% straight line (Land is not depreciated) (Improvements - 10%)
Plant and machinery	-	25% reducing balance
Motor vehicles	-	25% reducing balance
Equipment	-	30% reducing balance
Machinery for hire	-	10% straight line

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items. Cost is based on purchase price.

Finance leases and hire purchase contracts

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.

Defined contribution plans

Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund.

4. Employee numbers

The average number of persons employed by the company during the year amounted to 27 (2024: 29 ).

5. Intangible assets

	Sundry intangible assets
	£
Cost
At 1 August 2024 and 31 July 2025	15,000
	--------
Amortisation
At 1 August 2024 and 31 July 2025	15,000
	--------
Carrying amount
At 31 July 2025	–
	--------
At 31 July 2024	–
	--------

6. Tangible assets

	Land and buildings	Plant and machinery	Motor vehicles	Equipment	Machinery for hire	Total
	£	£	£	£	£	£
Cost or valuation
At 1 Aug 2024	7,275,452	111,626	477,745	84,772	271,488	8,221,083
Additions	41,461	–	51,460	4,489	–	97,410
Revaluations	340,000	–	–	–	–	340,000
	------------	---------	---------	--------	---------	------------
At 31 Jul 2025	7,656,913	111,626	529,205	89,261	271,488	8,658,493
	------------	---------	---------	--------	---------	------------
Depreciation
At 1 Aug 2024	800,549	81,257	300,892	69,240	271,488	1,523,426
Charge for the year	150,291	7,592	44,742	5,234	–	207,859
	------------	---------	---------	--------	---------	------------
At 31 Jul 2025	950,840	88,849	345,634	74,474	271,488	1,731,285
	------------	---------	---------	--------	---------	------------
Carrying amount
At 31 Jul 2025	6,706,073	22,777	183,571	14,787	–	6,927,208
	------------	---------	---------	--------	---------	------------
At 31 Jul 2024	6,474,903	30,369	176,853	15,532	–	6,697,657
	------------	---------	---------	--------	---------	------------

Included in land and buildings is £500,000 (2024: £500,000) of land which is not depreciated. Included in land and buildings are freehold and investment properties. As at 31 July 2025 the company held freehold investment properties with estimated fair values, including property improvements, of £2,238,750 (2024: £1,898,750) based on the directors' best estimates after taking advice from local agents. The historical cost of the freehold investment property included in land and buildings is £1,681,410 (2024: £1,681,410). Included within the net book value of motor vehicles above is £53,484 (2024: £75,479) of assets held under hire purchase contracts.

7. Debtors

Debtors falling due within one year are as follows:

	2025	2024
	£	£
Trade debtors	1,009,722	877,152
Other debtors	183,054	200,303
	------------	------------
	1,192,776	1,077,455
	------------	------------

Debtors falling due after one year are as follows:

	2025	2024
	£	£
Other debtors	8,125	8,125
	-------	-------

8. Creditors: amounts falling due within one year

	2025	2024
	£	£
Bank loans and overdrafts	957,211	1,190,531
Trade creditors	763,531	277,131
Amounts owed to group undertakings and undertakings in which the company has a participating interest	26,419	132,568
Social security and other taxes	1,056,477	774,306
Other creditors	425,386	672,226
	------------	------------
	3,229,024	3,046,762
	------------	------------

The bank loans and overdraft are secured on the company's freehold investment properties and a fixed and floating charge over all of the company's assets. Included in other creditors above are £12,790 (2024: £23,799) of hire purchase obligations which are secured on the assets concerned.

9. Creditors: amounts falling due after more than one year

	2025	2024
	£	£
Bank loans and overdrafts	2,302,802	2,281,671
Other creditors	1,068,803	1,084,193
	------------	------------
	3,371,605	3,365,864
	------------	------------

The bank loans and overdraft are secured on the company's freehold investment properties and a fixed and floating charge over all of the company's assets. Included in other creditors above are £Nil (2024: £12,790) of hire purchase obligations which are secured on the assets concerned. Included within bank loans above is an amount of £1,914,251 (2024: £1,555,037) in respect of liabilities payable or repayable by installments which fall due for payment after more than five years from the reporting date.

10. Directors' advances, credits and guarantees

During the previous year the company operated a loan account on behalf of a director. Interest was charged at the HMRC official rate on any overdrawn balances exceeding the exempt benefit in kind threshold and there are no fixed repayment terms.

	2025	2024
	£	£
Advances	–	14,334
Repayments	–	25,613

During the previous year the company operated a loan account on behalf of a director. Interest was charged at the HMRC official rate on any overdrawn balances exceeding the exempt benefit in kind threshold and there are no fixed repayment terms.

	2025	2024
	£	£
Advances	–	32,796
Repayments	–	32,796

11. Related party transactions

During the year a loan from a company connected to the directors was provided to the company of £2,400 (2024: £66,360). During the year repayments of the loan were made of £5,000 (2024: £10,000). As at the balance sheet date the amounts owed by the company were £1,068,803 (2024: £1,071,403). All interest on these loans has been waived for the current and previous year. During the year a loan to a company connected to the directors was provided of £101,767 (2024: £139,096). During the year repayments of the loan were received of £119,128 (2024: £Nil). As at the balance sheet date the amounts owed by the related party were £121,735 (2024: £139,096). All interest on these loans has been waived for the current and previous year.