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Registered number: 12512379
Orko Electrical Ltd
Unaudited Financial Statements
For The Year Ended 31 March 2026
Contents
Page
Statement of Financial Position 1—2
Notes to the Financial Statements 3—5
Page 1
Statement of Financial Position
Registered number: 12512379
2026 2025
Notes £ £ £ £
FIXED ASSETS
Intangible Assets 4 6,266 6,596
Tangible Assets 5 28,131 17,719
34,397 24,315
CURRENT ASSETS
Stocks 6 12,500 22,570
Debtors 7 115,281 92,605
Cash at bank and in hand 138,680 21,667
266,461 136,842
Creditors: Amounts Falling Due Within One Year 8 (207,920 ) (130,716 )
NET CURRENT ASSETS (LIABILITIES) 58,541 6,126
TOTAL ASSETS LESS CURRENT LIABILITIES 92,938 30,441
NET ASSETS 92,938 30,441
CAPITAL AND RESERVES
Called up share capital 9 2 2
Income Statement 92,936 30,439
SHAREHOLDERS' FUNDS 92,938 30,441
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For the year ending 31 March 2026 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Income Statement.
The financial statements were approved by the board of directors on 18 May 2026 and were signed on its behalf by:
Mr L B Russ
Director
Mrs D J Russ
Director
18 May 2026
The notes on pages 3 to 5 form part of these financial statements.
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Notes to the Financial Statements
1. General Information
Orko Electrical Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 12512379 . The registered office is Unit 9 Brookside Centre, Sumpters Way, Southend-on-Sea, Essex, SS2 5RR.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. 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. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
2.3. Intangible Fixed Assets and Amortisation - Intellectual Property
Intellectual property assets is a patent. It is amortised to the income statement over its estimated economic life of 20 years.
2.4. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Plant & Machinery 25% Reducing Balance
Fixtures & Fittings 25% Reducing Balance
Computer Equipment 33% Straight Line
2.5. Stocks and Work in Progress
Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.
2.6. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
Current and deferred tax are recognised in profit or loss for the year, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case current and deferred tax are recognised in other comprehensive income or directly in equity respectively.
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3. Average Number of Employees
Average number of employees, including directors, during the year was: 7 (2025: 4)
7 4
4. Intangible Assets
Other Intangible Assets
£
Cost
As at 1 April 2025 6,651
As at 31 March 2026 6,651
Amortisation
As at 1 April 2025 55
Provided during the period 330
As at 31 March 2026 385
Net Book Value
As at 31 March 2026 6,266
As at 1 April 2025 6,596
5. Tangible Assets
Plant & Machinery etc.
£
Cost
As at 1 April 2025 25,317
Additions 15,341
As at 31 March 2026 40,658
Depreciation
As at 1 April 2025 7,598
Provided during the period 4,929
As at 31 March 2026 12,527
Net Book Value
As at 31 March 2026 28,131
As at 1 April 2025 17,719
6. Stocks
2026 2025
£ £
Stock 12,500 22,570
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7. Debtors
2026 2025
£ £
Due within one year
Trade debtors 53,047 46,684
Amounts owed by participating interests - 16,017
Other debtors 62,234 29,904
115,281 92,605
8. Creditors: Amounts Falling Due Within One Year
2026 2025
£ £
Trade creditors 36,668 65,175
Other creditors 3,165 3,350
Taxation and social security 168,087 62,191
207,920 130,716
9. Share Capital
2026 2025
£ £
Allotted, Called up and fully paid 2 2
10. Related Party Transactions
As at 31 March 2026, Orko Electrical Limited was owed £nil from MillieBob's Sensory Limited (2025: £16,016.95), a company related by key management personnel. This loan is interest free and repayable on demand.
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