Orbis Insight Limited,Ltd - AccountsLtd - Accounts

Orbis Insight Limited,Ltd - AccountsLtd - Accounts

ORBIS INSIGHT LIMITED - Company Information

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2015-12-21 09924070 2016-12-31 09924070 2015-12-21 2016-12-31 09924070 uk-core:WithinOneYear 2016-12-31 09924070 uk-core:ShareCapital 2016-12-31 09924070 uk-core:RetainedEarningsAccumulatedLosses 2016-12-31 09924070 uk-bus:Director1 2015-12-21 2016-12-31 09924070 uk-core:CommunicationNetworkEquipment 2015-12-21 2016-12-31 iso4217:GBP 09924070 uk-bus:AuditExemptWithAccountantsReport 2015-12-21 2016-12-31 09924070 uk-bus:FRS102 2015-12-21 2016-12-31 09924070 uk-bus:FullAccounts 2015-12-21 2016-12-31 09924070 uk-bus:PrivateLimitedCompanyLtd 2015-12-21 2016-12-31
Orbis Insight Limited
Registered Number:09924070
For the period ended 31 December 2016
England and Wales
Unaudited Financial Statements
2
For the period ended 31 December 2016
Orbis Insight Limited
Contents Page
1
Statement of Financial Position
2 to 3
Notes to the Financial Statements
3
As at 31 December 2016
Orbis Insight Limited
Statement of Financial Position
Registered Number :
09924070
£
2016
Notes
Fixed assets
Property, plant and equipment
599
2
599
Current assets
Trade and other receivables
10,321
3
Cash and cash equivalents
11,519
21,840
Trade and other payables: amounts falling due within one
year
(14,874)
4
6,966
Net current assets
Total assets less current liabilities
7,565
7,565
Net assets/liabilities
Capital and reserves
Called up share capital
20
Retained earnings
7,545
7,565
Shareholders' funds
For the period ended 31 December 2016 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 of its financial statements for the period ended 31 December 2016 in accordance with Section 476 of the Companies Act 2006
The director acknowledges his responsibilities for:a) ensuring that the company keeps proper 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 Section
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.
In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.
The financial statements have been prepared and delivered in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.
Mr Robert Spurrier Director
These financial statements were approved and authorised for issue by the Board on 15 September 2017 and were signed by:
The notes form part of these financial statements
1 of 3
4
For the period ended 31 December 2016
Orbis Insight Limited
Notes to the Financial Statements
Statutory Information
Orbis Insight Limited is a private limited company, limited by shares, domiciled in England and Wales, registration
number 09924070.
Registered address:
42 Salisbury Road
Steeple Langford
Salisbury
Wiltshire
SP3 4NA
The presentation currency is £ sterling.
1. Accounting policies
Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of Section 1A of Financial
Reporting Standard 102 ''The Financial Reporting Standard applicable in the UK and Republic of Ireland'' and the
Companies Act 2006. The financial statements have been prepared under the historical costs convention as
modified by the revaluation of certain assets.
Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax or other similar sales taxes.
Property, plant and equipment
Property, plant and equipment, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
25% Reducing balance
Computer Equipment
2. Property, plant and equipment
Computer
Equipment
£
Cost or
valuation
799
Additions
At 31 December 2016
799
Provision for depreciation and impairment
Charge for period
200
At 31 December 2016
200
At 31 December 2016
Net book value
599
2 of 3
5
For the period ended 31 December 2016
Orbis Insight Limited
Notes to the Financial Statements Continued
3. Trade and other receivables
2016
£
Trade debtors
6,435
Other debtors
3,886
10,321
4. Trade and other payables: amounts falling due within one year
2016
£
Trade creditors
3,379
Taxation and social security
10,390
Other creditors
1,105
14,874
5. Related party transactions
Included in other debtors as at 31 December 2016 is an amount of £3,700, an interest fee loan, owed from Orbis
Golf Ltd. Mr R Spurrier (director) is also a director of Orbis Golf Ltd.
6. Average number of persons employed
During the year the average number of employees was 2
3 of 3