Orion Imaging Limited - Accounts to registrar (filleted)

REGISTERED NUMBER: 03045899 (England and Wales)

Unaudited Financial Statements

For The Year Ended 31st December 2019

for

Orion Imaging Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

Chartered Certified Accountants' Report

6

DIRECTOR:

J P Eskdale

REGISTERED OFFICE:

Birchwood

Lydney Road

Whitecroft

Lydney

Gloucestershire

GL15 4PU

REGISTERED NUMBER:

03045899 (England and Wales)

ACCOUNTANTS:

Wildin & Co

Accountants

& Statutory Auditors

Kings Buildings

Lydney

Gloucestershire

GL15 5HE

FIXED ASSETS

Tangible assets

4

4,578

5,220

CURRENT ASSETS

Debtors

5

6,054

19,412

Cash at bank

224,794

157,017

230,848

176,429

CREDITORS

Amounts falling due within one year

6

45,499

49,829

NET CURRENT ASSETS

185,349

126,600

TOTAL ASSETS LESS CURRENT
LIABILITIES

189,927

131,820

CAPITAL AND RESERVES

Called up share capital

7

1

Retained earnings

8

189,926

131,819

SHAREHOLDERS' FUNDS

189,927

131,820

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st December 2019.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st December 2019 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of
each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections
394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial
statements, so far as applicable to the company.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved and authorised for issue by the director and authorised for issue on
23rd April 2020 and were signed by:

J P Eskdale - Director

1.	STATUTORY INFORMATION

Orion Imaging Limited is a private company, limited by shares , registered in England and Wales. The company's

registered number and registered office address can be found on the Company Information page.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates,

value added tax and other sales taxes.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Computer equipment

-

33% on cost

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to

the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or

substantively enacted by the balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance

sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from

those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that

have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the

timing difference.

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2018 - 2 ) .

4.	TANGIBLE FIXED ASSETS

Computer

equipment

£

COST

At 1st January 2019

15,869

Additions

1,446

At 31st December 2019

17,315

DEPRECIATION

At 1st January 2019

10,649

Charge for year

2,088

At 31st December 2019

12,737

NET BOOK VALUE

At 31st December 2019

4,578

At 31st December 2018

5,220

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.19

31.12.18

£

Trade debtors

3,682

12,081

Prepayments

2,372

7,331

6,054

19,412

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.19

31.12.18

£

Trade creditors

57

352

Tax

15,751

15,445

VAT

3,591

3,613

Directors' current accounts

8,100

Accrued expenses

18,000

22,319

45,499

49,829

7.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.12.19

31.12.18

value:

£

10,000

Ordinary

£10

1

8.

RESERVES

Retained

earnings

£

At 1st January 2019

131,819

Profit for the year

68,107

Dividends

(10,000

)

At 31st December 2019

189,926

9.	RELATED PARTY DISCLOSURES

During the year, total dividends of £10,000 (2018 - £5,000) were paid to the director .

10.	ULTIMATE CONTROLLING PARTY

The controlling party is J P Eskdale.

The following reproduces the text of the report prepared for the director in respect of the company's annual

unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file

a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the

Report of the Director are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the

financial statements of Orion Imaging Limited for the year ended 31st December 2019 which comprise the Income

Statement, Other Comprehensive Income, Balance Sheet, Statement of Changes in Equity and the related notes from the

company's accounting records and from information and explanations you have given us.

As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at http://www.accaglobal.com/rulebook.

This report is made solely to the director of Orion Imaging Limited in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Orion Imaging Limited and state those matters that we have agreed to state to the director of Orion Imaging Limited in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/factsheet163. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and its director for our work or for this report.

It is your duty to ensure that Orion Imaging Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Orion Imaging Limited. You consider that Orion Imaging Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Orion Imaging Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

Wildin & Co

Accountants

& Statutory Auditors

Kings Buildings

Lydney

Gloucestershire

GL15 5HE

Date: 23rd April 2020

Orion Imaging Limited - Accounts to registrar (filleted) - small 18.2

Orion Imaging Limited - Accounts to registrar (filleted) - small 18.2