Orbi Designs Limited - Limited company - abbreviated - 11.0.0
Orbi Designs Limited - Limited company - abbreviated - 11.0.0
ABBREVIATED UNAUDITED ACCOUNTS |
FOR THE YEAR ENDED 31 DECEMBER 2013 |
FOR |
ORBI DESIGNS LIMITED |
ORBI DESIGNS LIMITED (REGISTERED NUMBER: 07069765) |
CONTENTS OF THE ABBREVIATED ACCOUNTS |
For The Year Ended 31 December 2013 |
Page |
Company Information | 1 |
Abbreviated Balance Sheet | 2 |
Notes to the Abbreviated Accounts | 3 |
ORBI DESIGNS LIMITED |
COMPANY INFORMATION |
For The Year Ended 31 December 2013 |
DIRECTOR: |
REGISTERED OFFICE: |
REGISTERED NUMBER: |
ORBI DESIGNS LIMITED (REGISTERED NUMBER: 07069765) |
ABBREVIATED BALANCE SHEET |
31 December 2013 |
2013 | 2012 |
Notes | £ | £ |
FIXED ASSETS |
Intangible assets | 2 |
Tangible assets | 3 |
CURRENT ASSETS |
Stocks |
Debtors |
Cash at bank and in hand |
CREDITORS |
Amounts falling due within one year | ( |
) | ( |
) |
NET CURRENT ASSETS |
TOTAL ASSETS LESS CURRENT LIABILITIES |
CREDITORS |
Amounts falling due after more than one year | ( |
) | ( |
) |
NET LIABILITIES | ( |
) | ( |
) |
CAPITAL AND RESERVES |
Called up share capital | 4 |
Profit and loss account | ( |
) | ( |
) |
SHAREHOLDERS' FUNDS | ( |
) | ( |
) |
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 were approved by the director on |
ORBI DESIGNS LIMITED (REGISTERED NUMBER: 07069765) |
NOTES TO THE ABBREVIATED ACCOUNTS |
For The Year Ended 31 December 2013 |
1. | ACCOUNTING POLICIES |
Basis of preparing the financial statements |
The company meets it's day to day working capital requirements through a loan from its director. The company is therefore |
dependent on the support of the director and his agreement to defer the amount due to him. |
On this basis it is appropriate to prepare the financial statements on the going concern basis. The Financial statements do not |
include any adjustments that would result from a withdrawal of financial support. |
Accounting convention |
The financial statements have been prepared under the historical cost convention and in accordance with the Financial |
Reporting Standard for Smaller Entities (effective April 2008). |
The company has been non-trading throughout the year. |
Tangible fixed assets |
Computer equipment | - |
Stocks |
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving |
items. |
Deferred tax |
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date. |
Research and development |
Development expenditure is recognised as an intangible asset on the basis that the following conditions are met: |
- It is probable that the asset will create future economic benefits; |
- The development costs can be measured reliably; |
- Technical feasibility of completing the intangible asset can be demonstrated; |
- There is the intention to complete the asset and use or sell it; |
- There is the ability to use or sell the asset; and |
- Adequate technical, financial and other resources to complete the development and to use or sell the asset are available. |
The development expenditure has been written off in the year as the above conditions are no longer satisfied. |
2. | INTANGIBLE FIXED ASSETS |
Total |
£ |
COST |
At 1 January 2013 |
Disposals | ( |
) |
At 31 December 2013 |
NET BOOK VALUE |
At 31 December 2013 |
At 31 December 2012 |
ORBI DESIGNS LIMITED (REGISTERED NUMBER: 07069765) |
NOTES TO THE ABBREVIATED ACCOUNTS - continued |
For The Year Ended 31 December 2013 |
3. | TANGIBLE FIXED ASSETS |
Total |
£ |
COST |
At 1 January 2013 |
and 31 December 2013 |
DEPRECIATION |
At 1 January 2013 |
and 31 December 2013 |
NET BOOK VALUE |
At 31 December 2013 |
At 31 December 2012 |
4. | CALLED UP SHARE CAPITAL |
Allotted, issued and fully paid: |
Number: | Class: | Nominal | 2013 | 2012 |
value: | £ | £ |
Ordinary | £1 |