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REGISTERED NUMBER: 06848574 (England and Wales)












ORBIS BUSINESS INTELLIGENCE LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2019






ORBIS BUSINESS INTELLIGENCE LIMITED (REGISTERED NUMBER: 06848574)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2019










Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


ORBIS BUSINESS INTELLIGENCE LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2019







DIRECTORS: C P Burrows
C D Steele





REGISTERED OFFICE: Highland House
Mayflower Close
Chandler's Ford
Hampshire
SO53 4AR





REGISTERED NUMBER: 06848574 (England and Wales)

ORBIS BUSINESS INTELLIGENCE LIMITED (REGISTERED NUMBER: 06848574)

STATEMENT OF FINANCIAL POSITION
31 MARCH 2019

2019 2018
Notes £    £   
FIXED ASSETS
Tangible assets 4 19,574 16,585

CURRENT ASSETS
Debtors 5 534,595 599,665
Cash at bank and in hand 148,762 298,288
683,357 897,953
CREDITORS
Amounts falling due within one year 6 (89,728 ) (251,969 )
NET CURRENT ASSETS 593,629 645,984
TOTAL ASSETS LESS CURRENT
LIABILITIES

613,203

662,569

PROVISIONS FOR LIABILITIES (3,351 ) (3,151 )
NET ASSETS 609,852 659,418

CAPITAL AND RESERVES
Called up share capital 1,200 1,200
Retained earnings 608,652 658,218
SHAREHOLDERS' FUNDS 609,852 659,418

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2019.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2019 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

ORBIS BUSINESS INTELLIGENCE LIMITED (REGISTERED NUMBER: 06848574)

STATEMENT OF FINANCIAL POSITION - continued
31 MARCH 2019


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors on 29 November 2019 and were signed on its behalf
by:





C P Burrows - Director


ORBIS BUSINESS INTELLIGENCE LIMITED (REGISTERED NUMBER: 06848574)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2019


1. STATUTORY INFORMATION

Orbis Business Intelligence Limited is a private company, limited by shares , registered in England and Wales.
The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with FRS102 "The Financial Reporting Standards
applicable in the UK and Republic of Ireland" ("FRS 102") and the requirements of the Companies Act 2006 as
applicable to companies subject to the small companies regime.

The disclosure requirements of section 1A of FRS102 have been applied other than where additional disclosure
is required to show a true and far view.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary
amounts in these financial statements are rounded to the nearest £1.

The financial statements have been prepared under the historical cost convention, modified to include certain
financial instruments at fair value. The principal accounting policies adopted are set out below.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates,
value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset's cost over its estimated
useful life.

Fixtures and fittings - 20% on reducing balance
Office equipment - 33% on reducing balance

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and
the carrying value of the asset and is recognised in the income statement.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and
Retained Earnings, except to the extent that it relates to items recognised in other comprehensive income or
directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or
substantively enacted by the statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the
statement of financial position date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from
those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that
have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the
timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they
will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

ORBIS BUSINESS INTELLIGENCE LIMITED (REGISTERED NUMBER: 06848574)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2019


2. ACCOUNTING POLICIES - continued

Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the
statement of financial position date. Transactions in foreign currencies are translated into sterling at the rate of
exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the
operating result.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the
lease.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension
scheme are charged to profit or loss in the period to which they relate.

Financial assets
The Company has elected to apply the provision of Section 11 'Basic Financial Instruments' and Section 12
'Other Financial Instruments Issues' of FRS 102 to all of its financial instruments.

Financial assets are recognised in the company's statement of financial position when the company becomes
party to the contractual provisions of the instrument.

Basic financial assets, which include trade and other receivables and cash and bank balances are initially
measured at transaction price including transaction costs and are subsequently carried at amortised cost using the
effective interest method, unless the arrangement constitutes a financial transaction, where the transaction is
measured at the present value of the future receipts discounted at a market rate of interest.

Financial liabilities
Basic financial liabilities which include trade and other payables, are initially measured at transaction price and
subsequently measured at amortised cost, unless the arrangement constitutes a financing transaction where the
debt instrument is measured at the present value of the future receipts discounted at a market rate of interest.

Equity instruments
Equity instruments issued by the company are recorded at the fair value of the proceeds received net of direct
issue costs. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the
discretion of the company

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 8 (2018 - 7 ) .

ORBIS BUSINESS INTELLIGENCE LIMITED (REGISTERED NUMBER: 06848574)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2019


4. TANGIBLE FIXED ASSETS
Fixtures
and Office
fittings equipment Totals
£    £    £   
COST
At 1 April 2018 14,531 19,305 33,836
Additions 5,906 4,314 10,220
Disposals - (695 ) (695 )
At 31 March 2019 20,437 22,924 43,361
DEPRECIATION
At 1 April 2018 6,934 10,317 17,251
Charge for year 2,701 4,390 7,091
Eliminated on disposal - (555 ) (555 )
At 31 March 2019 9,635 14,152 23,787
NET BOOK VALUE
At 31 March 2019 10,802 8,772 19,574
At 31 March 2018 7,597 8,988 16,585

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2019 2018
£    £   
Trade debtors 95,619 339,123
Amounts owed by group undertakings 401,536 199,500
Other debtors 37,440 61,042
534,595 599,665

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2019 2018
£    £   
Trade creditors 10,108 -
Taxation and social security 74,620 149,564
Other creditors 5,000 102,405
89,728 251,969

7. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
2019 2018
£    £   
Within one year 60,955 60,955
Between one and five years 30,478 91,433
91,433 152,388