Acorah Software Products - Accounts Production 19.2.450 false true 29 February 2024 1 March 2023 false 1 March 2024 28 August 2025 28 August 2025 09777484 Mr D B Gill iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 09777484 2024-02-29 09777484 2025-08-28 09777484 2024-03-01 2025-08-28 09777484 frs-core:Non-currentFinancialInstruments 2025-08-28 09777484 frs-core:ComputerEquipment 2024-03-01 2025-08-28 09777484 frs-core:MotorVehicles 2024-03-01 2025-08-28 09777484 frs-core:PlantMachinery 2024-03-01 2025-08-28 09777484 frs-core:ShareCapital 2025-08-28 09777484 frs-core:RetainedEarningsAccumulatedLosses 2025-08-28 09777484 frs-bus:PrivateLimitedCompanyLtd 2024-03-01 2025-08-28 09777484 frs-bus:AbridgedAccounts 2024-03-01 2025-08-28 09777484 frs-bus:SmallEntities 2024-03-01 2025-08-28 09777484 frs-bus:AuditExempt-NoAccountantsReport 2024-03-01 2025-08-28 09777484 frs-bus:SmallCompaniesRegimeForAccounts 2024-03-01 2025-08-28 09777484 frs-bus:OrdinaryShareClass1 2024-03-01 2025-08-28 09777484 frs-bus:OrdinaryShareClass1 2025-08-28 09777484 frs-bus:Director1 2024-03-01 2025-08-28 09777484 frs-bus:Director1 2024-02-29 09777484 frs-bus:Director1 2025-08-28 09777484 frs-countries:EnglandWales 2024-03-01 2025-08-28 09777484 2023-02-28 09777484 2024-02-29 09777484 2023-03-01 2024-02-29 09777484 frs-core:Non-currentFinancialInstruments 2024-02-29 09777484 frs-core:ShareCapital 2024-02-29 09777484 frs-core:RetainedEarningsAccumulatedLosses 2024-02-29 09777484 frs-bus:OrdinaryShareClass1 2023-03-01 2024-02-29
Registered number: 09777484
ORL Metals Ltd
Unaudited ABRIDGED Financial Statements
For the Period 1 March 2024 to 28 August 2025
HSJ Accountants Ltd
Severn House
Hazell Drive
Newport
NP10 8FY
Contents
Page
Abridged Balance Sheet 1—2
Notes to the Abridged Financial Statements 3—5
Page 1
Abridged Balance Sheet
Registered number: 09777484
28 August 2025 29 February 2024
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 13,830 23,262
Investment Properties 5 85,000 -
98,830 23,262
CURRENT ASSETS
Stocks 45,000 3,955
Debtors 5,689 42,108
Cash at bank and in hand 2,689 4,974
53,378 51,037
Creditors: Amounts Falling Due Within One Year (122,306 ) (24,672 )
NET CURRENT ASSETS (LIABILITIES) (68,928 ) 26,365
TOTAL ASSETS LESS CURRENT LIABILITIES 29,902 49,627
Creditors: Amounts Falling Due After More Than One Year (22,579 ) (27,138 )
PROVISIONS FOR LIABILITIES
Deferred Taxation (2,475 ) (4,420 )
NET ASSETS 4,848 18,069
CAPITAL AND RESERVES
Called up share capital 6 100 100
Profit and Loss Account 4,748 17,969
SHAREHOLDERS' FUNDS 4,848 18,069
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For the period ending 28 August 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his 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 Profit and Loss Account.
All of the company's members have consented to the preparation of an Abridged Profit and Loss Account and an Abridged Balance Sheet for the year end 28 August 2025 in accordance with section 444(2A) of the Companies Act 2006.
On behalf of the board
Mr D B Gill
Director
22 April 2026
The notes on pages 3 to 5 form part of these financial statements.
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Page 3
Notes to the Abridged Financial Statements
1. General Information
ORL Metals Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 09777484 . The registered office is Severn House, Hazell Drive, Newport, South Wales, NP10 8FY.
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.
Rendering of services
Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.3. 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 20% Reducing balance
Motor Vehicles 25% Reducing balance
Computer Equipment 20% Reducing balance
2.4. Investment Properties
All investment properties are carried at fair value determined annually and derived from the current market rents and investment property yields for comparable real estate, adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided for. Changes in fair value are recognised in the profit and loss account.
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.
...CONTINUED
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2.6. Taxation - continued
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 period, 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.
3. Average Number of Employees
Average number of employees, including directors, during the period was: 1 (2024: 1)
1 1
4. Tangible Assets
Total
£
Cost
As at 1 March 2024 69,775
Additions 96
Disposals (11,000 )
As at 28 August 2025 58,871
Depreciation
As at 1 March 2024 46,513
Provided during the period 5,910
Disposals (7,382 )
As at 28 August 2025 45,041
Net Book Value
As at 28 August 2025 13,830
As at 1 March 2024 23,262
5. Investment Property
28 August 2025
£
Fair Value
As at 1 March 2024 -
Additions 85,000
As at 28 August 2025 85,000
6. Share Capital
28 August 2025 29 February 2024
Allotted, called up and fully paid £ £
100 Ordinary Shares of £ 1.00 each 100 100
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7. Directors Advances, Credits and Guarantees
Included within Debtors are the following loans to directors:
As at 1 March 2024 Amounts advanced Amounts repaid Amounts written off As at 28 August 2025
£ £ £ £ £
Mr Damian Gill 8,343 32,453 40,796 - -
During the year the company made unsecured, interest free and repayable on demand loans to the director via the provision of a facility which could be drawn against. At the balance sheet date the company owed the director £309 (2024: The director owed the company £8,343).
8. Related Party Transactions
Relationship: Company under common control of the director
During the year the company acquired trading stock for £40,000 and an investment property for £85,000 from a company under the common control of the director, Mr D B Gill. These assets were transferred at their open market value.
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