ORMOS TRADES LIMITED - Filleted accounts

Registered number

08208111

ORMOS TRADES LIMITED

Filleted Accounts

31 December 2025

ORMOS TRADES LIMITED
Registered number:		08208111
Balance Sheet
as at 31 December 2025

Notes			2025			2024
£				£
Fixed assets
Tangible assets	3		308,329			232,811

Current assets
Stocks		489,139			552,139
Debtors	4	636,154			472,772
Cash at bank and in hand		14,051			2,826
		1,139,344			1,027,737

Creditors: amounts falling due within one year	5	(617,895)			(642,392)

Net current assets			521,449			385,345

Total assets less current liabilities			829,778			618,156

Creditors: amounts falling due after more than one year	6		(428,758)			(306,000)



Net assets			401,020			312,156

Capital and reserves
Called up share capital			100,000			100,000
Profit and loss account			301,020			212,156

Shareholders' funds			401,020			312,156

The directors are 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 directors acknowledge their 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.



…………………………………………………
Mr. Konstantinos Grigoriou
Director
Approved by the board on 5 March 2026

ORMOS TRADES LIMITED
Notes to the Accounts
for the year ended 31 December 2025

1	Accounting policies

	Basis of preparation
	The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).

	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 from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. 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.

	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, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:

	Freehold buildings			over 50 years
	Leasehold land and buildings			over the lease term
	Plant and machinery			over 5 years
	Fixtures, fittings, tools and equipment			over 5 years

	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. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, 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, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.


	Foreign currency translation
	Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.


	Leased assets
	A lease is classified as a finance lease if it transfers substantially all the risks and rewards incidental to ownership. All other leases are classified as operating leases. The rights of use and obligations under finance leases are initially recognised as assets and liabilities at amounts equal to the fair value of the leased assets or, if lower, the present value of the minimum lease payments. Minimum lease payments are apportioned between the finance charge and the reduction in the outstanding liability using the effective interest rate method. The finance charge is allocated to each period during the lease so as to produce a constant periodic rate of interest on the remaining balance of the liability. Leased assets are depreciated in accordance with the company's policy for tangible fixed assets. If there is no reasonable certainty that ownership will be obtained at the end of the lease term, the asset is depreciated over the lower of the lease term and its useful life. Operating lease payments are recog


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


2	Employees					2025		2024
Number							Number

	Average number of persons employed by the company					15		15


3	Tangible fixed assets
		Improvements		Plant and machinery etc		Motor vehicles		Total
£			£		£		£
	Cost
	At 1 January 2025	78,811		212,039		204,343		495,193
	Additions	-		9,198		120,731		129,929
	At 31 December 2025	78,811		221,237		325,074		625,122

	Depreciation
	At 1 January 2025	40,032		119,012		103,338		262,382
	Charge for the year	5,817		15,334		33,260		54,411
	At 31 December 2025	45,849		134,346		136,598		316,793

	Net book value
	At 31 December 2025	32,962		86,891		188,476		308,329
	At 31 December 2024	38,779		93,027		101,005		232,811


4	Debtors					2025		2024
£							£

	Trade debtors					634,654		472,772
	Other debtors					1,500		-
						636,154		472,772


5	Creditors: amounts falling due within one year					2025		2024
£							£

	Bank loans and overdrafts					71,867		61,064
	Trade creditors					459,559		544,914
	Taxation and social security costs					17,038		5,735
	Other creditors					69,431		30,679
						617,895		642,392


6	Creditors: amounts falling due after one year					2025		2024
£							£

	Other creditors					428,758		306,000


7	Other information

	ORMOS TRADES LIMITED is a private company limited by shares and incorporated in England. Its registered office is:
	1 The Crescent
	Watford
	WD18 0AG