Company Registration No. 12271181 (England and Wales)
Ormotec Ltd
Unaudited accounts
for the year ended 31 October 2025
Ormotec Ltd
Statement of financial position
as at 31 October 2025
Tangible assets
1,428
1,186
Cash at bank and in hand
173,195
109,877
Creditors: amounts falling due within one year
(168,072)
(70,235)
Net current assets
256,635
132,551
Total assets less current liabilities
258,063
133,737
Creditors: amounts falling due after more than one year
(1,275)
(8,475)
Net assets
256,788
125,262
Called up share capital
1
1
Profit and loss account
256,787
125,261
Shareholders' funds
256,788
125,262
For the year ending 31 October 2025 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 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 16 July 2026 and were signed on its behalf by
Ronan McCann
Director
Company Registration No. 12271181
Ormotec Ltd
Notes to the Accounts
for the year ended 31 October 2025
Ormotec Ltd is a private company, limited by shares, registered in England and Wales, registration number 12271181. The registered office is 45 Albemarle Street, 3rd Floor, London, W1S 4JL, UNITED KINGDOM.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Computer equipment
20% Straight Line
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes . Turnover from the rendering of software design and consultancy 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.
Having reviewed the resources available the director of Ormotec Ltd believes that the company has adequate resources available to enable it to continue to meet its ongoing obligations as and when they fall due for at least a period of 12 months from the date of approval of the financial statements. Accordingly, Ormotec Ltd continues to adopt the going concern basis in preparation of its financial statements.
Ormotec Ltd
Notes to the Accounts
for the year ended 31 October 2025
4
Tangible fixed assets
Plant & machinery
Amounts falling due within one year
Other debtors
147,728
92,909
6
Creditors: amounts falling due within one year
2025
2024
Bank loans and overdrafts
7,200
7,200
Taxes and social security
84,396
38,100
Other creditors
32,711
290
7
Creditors: amounts falling due after more than one year
2025
2024
Allotted, called up and fully paid:
1 Ordinary shares of £1 each
1
1
9
Average number of employees
During the year the average number of employees was 3 (2024: 3).