Company Registration No. SC227179 (Scotland)
ORLO ENERGY LTD
Unaudited accounts
for the year ended 5 April 2023
ORLO ENERGY LTD
Unaudited accounts
Contents
ORLO ENERGY LTD
Company Information
for the year ended 5 April 2023
Company Number
SC227179 (Scotland)
Registered Office
25/38 BRUNSWICK ROAD
EDINBURGH
EH7 5GY
ORLO ENERGY LTD
Statement of financial position
as at 5 April 2023
Cash at bank and in hand
2,089
7,233
Creditors: amounts falling due within one year
(13,142)
(24,292)
Net current assets/(liabilities)
2,752
(4,409)
Net assets/(liabilities)
3,222
(3,676)
Called up share capital
2
2
Profit and loss account
3,220
(3,678)
Shareholders' funds
3,222
(3,676)
For the year ending 5 April 2023 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 5 January 2024 and were signed on its behalf by
Mr T B Donaldson
Director
Company Registration No. SC227179
ORLO ENERGY LTD
Notes to the Accounts
for the year ended 5 April 2023
ORLO ENERGY LTD is a private company, limited by shares, registered in Scotland, registration number SC227179. The registered office is 25/38 BRUNSWICK ROAD, EDINBURGH, EH7 5GY.
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
25% straight line
These financial statements are prepared on the going concern basis. The Director is confident that the company will continue in operational existence for the foreseeable future.
4
Tangible fixed assets
Computer equipment
ORLO ENERGY LTD
Notes to the Accounts
for the year ended 5 April 2023
Amounts falling due within one year
Trade debtors
13,805
12,650
6
Creditors: amounts falling due within one year
2023
2022
Taxes and social security
1,172
462
Loans from directors
6,446
22,095
7
Average number of employees
During the year the average number of employees was 2 (2022: 3).
