| Orb Bia Ltd |
| Notes to the Accounts |
| for the period from 1 March 2025 to 31 December 2025 |
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| 1 |
Accounting policies |
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Basis of preparation |
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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). |
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Turnover |
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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. |
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Investments |
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Investments in subsidiaries, associates and joint ventures are measured at cost less any accumulated impairment losses. Listed investments are measured at fair value. Unlisted investments are measured at fair value unless the value cannot be measured reliably, in which case they are measured at cost less any accumulated impairment losses. Changes in fair value are included in the profit and loss account. |
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Debtors |
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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. |
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Taxation |
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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. |
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| 2 |
Employees |
31/12/25 |
28/2/25 |
| Number |
Number |
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Average number of persons employed by the company |
1 |
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1 |
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| 3 |
Investments |
| Investments in |
| subsidiary |
| undertakings |
| £ |
|
Cost |
|
Additions |
300 |
|
|
At 31 December 2025 |
300 |
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| 4 |
Debtors |
31/12/25 |
28/2/25 |
| £ |
£ |
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Directors loan |
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57,296 |
|
20,227 |
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| 5 |
Creditors: amounts falling due within one year |
31/12/25 |
28/2/25 |
| £ |
£ |
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Taxation and social security costs |
- |
|
11,408 |
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| 6 |
Controlling party |
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The company is controlled by the director. |
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| 7 |
Other information |
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Orb Bia Ltd is a private company limited by shares and incorporated in England. Its registered office is: |
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Rotunda Buildings |
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Montpellier Exchange |
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Cheltenham |
|
Glos |