Orion Automation Ltd - Period Ending 2014-03-31

Registration number: 06159245

Orion Automation Ltd

Unaudited Abbreviated Accounts

for the Year Ended 31 March 2014
 

AIMS Accountants for Business
Mark Ellis FCA
1 Ramsay Court
Kingfisher Way
Huntingdon
Cambridgeshire
PE29 6FY

Orion Automation Ltd
Contents

Abbreviated Balance Sheet 1 to 2

Notes to the Abbreviated Accounts 3 to 4

Orion Automation Ltd
(Registration number: 06159245)
Abbreviated Balance Sheet at 31 March 2014

		Note			2014 £			2013 £
Fixed assets
Tangible fixed assets					11,053			5,340
Current assets
Debtors					148,713			46,172
Cash at bank and in hand					47,745			57,545
					196,458			103,717
Creditors: Amounts falling due within one year					(102,622)			(33,520)
Net current assets					93,836			70,197
Total assets less current liabilities					104,889			75,537
Provisions for liabilities					(2,209)			(1,067)
Net assets					102,680			74,470
Capital and reserves
Called up share capital		3			350			350
Profit and loss account					102,330			74,120
Shareholders' funds					102,680			74,470

For the year ending 31 March 2014 the company was entitled to exemption 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 directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime .

Approved by the Board on 26 August 2014 and signed on its behalf by:

The notes on pages 3 to 4 form an integral part of these financial statements.
Page 1

Orion Automation Ltd
(Registration number: 06159245)
Abbreviated Balance Sheet at 31 March 2014
......... continued

.........................................
Mrs RE Maynard
Director

The notes on pages 3 to 4 form an integral part of these financial statements.
Page 2

Orion Automation Ltd
Notes to the Abbreviated Accounts for the Year Ended 31 March 2014
......... continued

1	Accounting policies

Basis of preparation

The full financial statements, from which these abbreviated accounts have been extracted, have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (Effective April 2008).

Turnover

Turnover represents amounts chargeable, net of value added tax, in respect of the sale of goods and services to customers.

Depreciation

Depreciation is provided on tangible fixed assets so as to write off the cost or valuation, less any estimated residual value, over their expected useful economic life as follows:

Asset class	Depreciation method and rate
Office equipment	30% reducing balance basis
Plant and machinery	15% reducing balance basis

Deferred tax

Deferred tax is recognised, without discounting, in respect of all timing differences between the treatment of certain items for taxation and accounting purposes, which have arisen but not reversed by the balance sheet date, except as required by the FRSSE. Deferred tax is measured at the rates that are expected to apply in the periods when the timing differences are expected to reverse, based on the tax rates and law enacted at the balance sheet date.

Financial instruments

Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities. Where shares are issued, any component that creates a financial liability of the company is presented as a liability in the balance sheet. The corresponding dividends relating to the liability component are charged as interest expense in the profit and loss account.

Page 3

Orion Automation Ltd
Notes to the Abbreviated Accounts for the Year Ended 31 March 2014
......... continued

2	Fixed assets

		Tangible assets £			Total £
Cost
At 1 April 2013		13,187			13,187
Additions		9,248			9,248
Disposals		(500)			(500)
At 31 March 2014		21,935			21,935
Depreciation
At 1 April 2013		7,847			7,847
Charge for the year		3,335			3,335
Eliminated on disposals		(300)			(300)
At 31 March 2014		10,882			10,882
Net book value
At 31 March 2014		11,053			11,053
At 31 March 2013		5,340			5,340

3	Share capital

Allotted, called up and fully paid shares

	2014						2013
		No.			£			No.			£
Ordinary of £1 each		250			250			250			250
B Ordinary shares of £1 each		100			100			100			100
		350			350			350			350

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