Abbreviated Company Accounts - ORBITEC LTD

05052967 ORBITEC LTD 2013-12-31 false 2013-01-01 2013-12-31 true 05052967 2013-01-01 2013-12-31 05052967 2013-12-31 05052967 2012-12-31 05052967 uk-gaap-cd-bus:Director1 2013-01-01 2013-12-31 05052967 uk-gaap-cd-bus:Director2 2013-01-01 2013-12-31 uk-gaap-cd-bus:OrdinaryShareClass1 2013-01-01 2013-12-31 uk-gaap-cd-bus:OrdinaryShareClass1 2013-12-31 uk-gaap-cd-bus:OrdinaryShareClass1 2012-12-31 iso4217:GBP shares

Registered Number 05052967

ORBITEC LTD

Abbreviated Accounts

31 December 2013

ORBITEC LTD Registered Number 05052967

Abbreviated Balance Sheet as at 31 December 2013

	Notes	2013	2012
		£	£
Fixed assets
Tangible assets	2	38,007	39,986
		38,007	39,986
Current assets
Stocks		203,646	188,749
Debtors		296,495	128,225
Cash at bank and in hand		216,363	228,890
		716,504	545,864
Creditors: amounts falling due within one year		(314,249)	(283,143)
Net current assets (liabilities)		402,255	262,721
Total assets less current liabilities		440,262	302,707
Creditors: amounts falling due after more than one year		(8,433)	-
Total net assets (liabilities)		431,829	302,707
Capital and reserves
Called up share capital	3	100	100
Profit and loss account		431,729	302,607
Shareholders' funds		431,829	302,707

For the year ending 31 December 2013 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 23 September 2014

And signed on their behalf by:
K Hennah, Director

ORBITEC LTD Registered Number 05052967

Notes to the Abbreviated Accounts for the period ended 31 December 2013

1Accounting Policies

Basis of measurement and preparation of accounts
The accounts have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities effective April 2008.

Turnover policy
Turnover represents net invoiced sales of goods and services, net of value added tax and trade discounts.

Tangible assets depreciation policy
Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life.

Long leasehold - 5% on cost
Plant and machinery - 25% on cost
Fixtures and fittings - 33% on cost
Motor vehicles - 25% on cost

2Tangible fixed assets

	£
Cost
At 1 January 2013	177,525
Additions	16,112
Disposals	(15,105)
Revaluations	-
Transfers	-
At 31 December 2013	178,532
Depreciation
At 1 January 2013	137,539
Charge for the year	18,090
On disposals	(15,104)
At 31 December 2013	140,525
Net book values
At 31 December 2013	38,007
At 31 December 2012	39,986

3Called Up Share Capital
Allotted, called up and fully paid:

	2013 £	2012 £
100 Ordinary shares of £1 each	100	100