ORBIT FOLKESTONE LTD - Filleted accounts

Registered number

10552097

ORBIT FOLKESTONE LTD

Filleted Accounts

31 January 2026

ORBIT FOLKESTONE LTD
Registered number:		10552097
Balance Sheet
as at 31 January 2026


	Notes		2026			2025
£				£
Fixed assets
Tangible assets	3		14,096			11,235

Current assets
Debtors	4	24,064			36,192
Cash at bank and in hand		10,293			945
		34,357			37,137

Creditors: amounts falling due within one year	5	(24,805)			(23,516)

Net current assets			9,552			13,621

Total assets less current liabilities			23,648			24,856

Creditors: amounts falling due after more than one year	6		-			(667)

Net assets			23,648			24,189

Capital and reserves
Called up share capital			1			1
Profit and loss account			23,647			24,188

Shareholders' funds			23,648			24,189

The director is 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 director acknowledges his 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.




Samuel L Carney
Director
Approved by the board on 20 October 2026

ORBIT FOLKESTONE LTD
Notes to the Accounts
for the year ended 31 January 2026


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:

	Land and building			over 40 years
	Equipment, fixtures and fittings			over 5 years

	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.


2	Employees					2026		2025
Number							Number

	Average number of persons employed by the company					2		2


3	Tangible fixed assets
				Land and buildings		Equipment, fixtures and fittings		Total
£					£		£
	Cost
	At 1 February 2025			9,854		9,114		18,968
	Additions			2,478		2,137		4,615
	At 31 January 2026			12,332		11,251		23,583

	Depreciation
	At 1 February 2025			1,051		6,682		7,733
	Charge for the year			308		1,446		1,754
	At 31 January 2026			1,359		8,128		9,487

	Net book value
	At 31 January 2026			10,973		3,123		14,096
	At 31 January 2025			8,803		2,432		11,235


4	Debtors					2026		2025
£							£

	Trade debtors					9,005		15,960
	Deferred tax asset					296		218
	Other debtors					14,763		20,014
						24,064		36,192

	Amounts due after more than one year included above					296		218


5	Creditors: amounts falling due within one year					2026		2025
£							£

	Bank loans and overdrafts					667		2,000
	Trade creditors					1,283		-
	Taxation and social security costs					21,355		19,716
	Other creditors					1,500		1,800
						24,805		23,516






6	Creditors: amounts falling due after one year					2026		2025
£							£

	Bank loans					-		667


7	Loans to directors
	Description and conditions	B/fwd	Paid		Repaid		C/fwd
£			£		£		£

	Samuel L Carney	20,014		15,749		(21,000)		14,763

		20,014		15,749		(21,000)		14,763


8	Other information

	ORBIT FOLKESTONE LTD is a private company limited by shares and incorporated in England. Its registered office is:
	31 Earlsfield Road
	Hythe
	Kent
	CT21 5PE