| ORCAM UK LTD |
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| Notes to the financial statements - 30 June 2025 |
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COMPANY INFORMATION |
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| 1. |
Company Information |
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Orcam UK Ltd is a private limited company incorporated and domiciled in England & Wales. The address of its registered office is 5.2 Central House, 1 Ballards Lane, N3 1LQ. |
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The company is a wholly owned subsidiary of Orcam Technologies Ltd, a company registered in Israel. |
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| 2. |
Accounting Policies |
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| 2.1 |
Basis of accounting |
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The financial statements have been prepared on a going concern basis, under historical cost convention and in accordance with the provisions of FRS 102 Sedction 1A small entities and the Companies Act 2006. |
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The financial statements are presented in sterling (£). |
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The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all years presented unless otherwise stated. |
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| 2.2 |
Financial instruments |
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The company has chosen to adapt the sections 11 & 12 of FRS 102 in respect of financial instruments: |
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(i) Financial assets |
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Basic financial assets including trade and other receivables and cash and bank balances are initially recognised at transaction price, unless the arrangement constitutes a financial transaction, where the transaction is measured at present value of the future receipts discounted at the market rate of interest. Such assets are subsequently carried at amortised cost using the effective interest method and are assess for objective evidence of impairment at the end of each reporting period. |
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(ii) Financial liabilities |
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Basic financial liabilities including trade and other payable are initially recognised at transaction price unless arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of future receipts discounted at a market value of interest debt instruments are subsequently carried at amortised costs using the effective interest rate method. |
| 2.3 |
Going concern |
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The company ceased trading after the period end. All necessary adjustments were made in this respect. |
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| ORCAM UK LTD |
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| Notes to the financial statements - 30 June 2025 |
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| 2. |
Accounting Policies (continued) |
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| 2.4 |
Turnover |
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Turnover represents net invoiced value of goods and services excluding VAT. |
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| 2.5 |
Revenue Recognition |
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Revenue comprises the fair value of the consideration received or receivable for the sale of goods and services in the ordinary course of the company’s activities. Revenue is shown net of value-added tax, returns, rebates and discounts. |
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The company recognises revenue when the amount of revenue can be reliably measured, it is probable that future economic benefits will flow to the entity and the costs incurred or to be incurred in respect of the transaction can be measured reliably. |
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Revenue from the sale of goods is recognised when all the significant risks and rewards of ownership of the goods have passed to the buyer and the seller no longer retains continual managerial involvement. The delivery date is usually the date on which ownership passes. |
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| 2.6 |
Foreign currencies |
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Monetary assets and liabilities in foreign currencies are translated into Pound Sterling at the rate of exchange ruling at the Balance Sheet date. Transaction in Foreign currencies are translated into Pound Sterling at the rate of exchange ruling at the date of the transaction. Exchange differences are taken into account in arriving at the operating profit. |
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| 2.7 |
Inventory |
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Inventory is valued at the lower of cost and net resaleable value and after making due provision for slow moving and damaged items. |
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| 2.8 |
Debtors |
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Short term debtors that includes trade and other receivables are measured at transaction price, less any impairment. |
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| 2.9 |
Creditors |
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Basic financial liabilities including trade and other payable, amounts owed to group companies are measured at transaction price. |
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| 2.10 |
Current & deferred taxation |
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Deferred taxation is provided using the liability method to take into account timing differences from the inclusion of items of expenditure in taxation computations in periods that differ from those differences arising in which they are included in the financial statements to the extent that it is probably that an or assets will crystallize in the future. |
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Provision for deferred taxation is set off against debit balance of deferred taxation. |
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The current income tax charged is calculated on the basis of the tax rate and laws that have been enacted or substantially enacted by the reporting date in the countries where the company operated and generates income. |
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| ORCAM UK LTD |
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| Notes to the financial statements - 30 June 2025 |
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| 2. |
Accounting Policies (continued) |
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| 2.11 |
Employee benefits |
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The company provides a range of benefits to employees, paid holiday arrangements and defined contribution pension plans. |
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(i) Short term benefits |
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Short term benefits, including holiday pay and other similar non-monetary benefits are |
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recognised as an expense in the period in which the service is received. |
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(ii) Defined contribution pension plans |
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The company operated a defined contribution plan for its employees. A defined contribution |
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plan is a pension plan under which the company pays fixed contributions into a separate entity. |
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Once the contributions have been paid the company has no further payment obligations. The |
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contributions are recognised as an expense when they are due. Amounts not paid are shown in |
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accruals in the balance sheet. The assets of the plan are held separately from the company in |
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independently administered funds. |
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| 3. |
Employee information |
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The average number of staff employed by the company during the financial year was: |
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30.06.2025 |
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2023 |
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Number |
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Number |
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6 |
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6 |
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| 4. |
Inventory |
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30.06.2025 |
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31.12.2023 |
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£ |
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£ |
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Goods for resale |
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538,952 |
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| ORCAM UK LTD |
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| Notes to the financial statements - 30 June 2025 |
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| 9. |
Related Party Disclosures |
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Control: |
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The company is a wholly owned subsidiary of Orcam Technologies Ltd, a company registered in Israel, whose address is: Kiryat HaMada 3 Jerusalem, Israel. Jerusalem. Israel |
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Orcam Technologies Ltd is the smallest and largest group to prepare consolidated accounts that can be obtained from its registered office. |
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Transactions: |
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The company is exempt from disclosing transactions with related parties that are wholly |
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owned within the same group in accordance with FRS 102 Section 33(1)A. |
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| 10. |
Commitment |
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There were no annual commitment as at 30.06.2025 (2023 - Nil). |
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| 11. |
Audit report information |
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As the income statement has been omitted from the filing of the financial statements, the following information in relation to the audit report on the statutory financial statements is provided in accordance with s444 (5B) of the Companies Act 2006. The auditor's report was unqualified. |
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The senior statutory auditor was Mr. Ran Shahmoon. |
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The auditor was Shahmoon & Co. |
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Date auditor signed accounts: 10 June 2026 |
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Name of director signing accounts: A. Shashua |
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Date director signed accounts: 10 June 2026 |