Notes And Other Explanatory Information [Abstract]

ORIENT TELECOMS PLC - Filing #2067990

Concept	2023-04-01 to 2024-03-31	2023-04-01 to 2024-03-31	2023-04-01 to 2024-03-31
Notes and other explanatory information [abstract]
Disclosure of accounting judgements and estimates [text block]	—	NOTES TO THE COMPANY FINANCIAL STATEMENT (continued)	3. CRITICAL ACCOUNTING ESTIMATES AND JUDGEMENTS
Disclosure of basis of consolidation [text block]	—	—	Basis of consolidation
Disclosure of basis of preparation of financial statements [text block]	—	Basis of preparation	Basis of preparation
Disclosure of cash and cash equivalents [text block]	—	Cash and cash equivalents	Cash and cash equivalents
Disclosure of credit risk [text block]	—	—	b) Credit risk
Disclosure of financial risk management [text block]	a) Currency risk	—	Financial risk factors
Disclosure of general information about financial statements [text block]	—	—	Statement of Directors' Responsibilities
Disclosure of going concern [text block]	—	—	As outlined in note 2, these financial statements have been prepared under the assumption of a going concern. Following thorough investigation, the directors hold a reasonable expectation that both the Company and the Group possess sufficient resources to sustain operations for at least the next 12 months from the date of approving these financial statements. Therefore, they have chosen to continue preparing the financial statements on a going concern basis.
Disclosure of income tax [text block]	—	Taxation	The Group has accumulated no more tax losses (2023: £78,902) which can be carried forward.
Disclosure of investment contracts liabilities [text block]	—	Investment	—
Disclosure of leases [text block]	—	—	Lease liability discount rate
Disclosure of liquidity risk [text block]	—	—	c) Liquidity risk
Disclosure of other operating income (expense) [text block]	—	—	Operating segments
Disclosure of property, plant and equipment [text block]	—	—	The Group subsidiary early terminated the lease agreement for an office with effect from 31 December 2023 and entered to a new lease period of three (3) years commence of 1 st January
Disclosure of related party [text block]	—	—	21. RELATED PARTY TRANSACTIONS
Disclosure of information about separate financial statements [text block]	—	—	the consolidated and the Company statement of financial position as at 31 March 2024;
Disclosure of subsidiaries [text block]	—	—	The details of the subsidiary in the Group are as follows:
Disclosure of trade and other receivables [text block]	—	—	The Group allows credit terms of 30 days to all customers. During the pandemic, the Group made an exception to allow certain customers to settle the debts at the agreed extended timeframe. Subsequent to the year end, the Group received the payment of the overdue debts in full before the date of approval of these financial statements. Accordingly, these past due trade receivables are not impaired and no expected credit loss is recognised in these financial statements.