true
Orchid Information Systems Ltd
03230532
2015-03-31
4166
19084
58543
73461
12
12
54365
54365
58543
73461
12000
48186
70543
121647
-49504
1600
106121
64427
56617
66027
36904
50555
16077
4687
3636
10785
120047
120047
3
3
120044
120044
Basis of accounting
The financial statements have been prepared under the historical cost convention, modified to include the revaluation of certain fixed assets, and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008).
Turnover
The turnover shown in the profit and loss account represents amounts invoiced during the year, exclusive of Value Added Tax.
In respect of long-term contracts and contracts for on-going services, turnover represents the value of work done in the year, including estimates of amounts not invoiced. Turnover in respect of long-term contracts and contracts for on-going services is recognised by reference to the stage of completion.
Amortisation
Amortisation is calculated so as to write off the cost of an asset, less its estimated residual value, over
the useful economic life of that asset as follows:
Goodwill-10% straight line
Work in progress
Work in progress is valued on the basis of direct costs plus attributable overheads based on normal level of activity. Provision is made for any foreseeable losses where appropriate. No element of profit is included in the valuation of work in progress.
Hire purchase agreements
Assets held under hire purchase agreements are capitalised and disclosed under tangible fixed
assets at their fair value. The capital element of the future payments is treated as a liability and
the interest is charged to the profit and loss account on a straight line basis.
Fixed Assets
All fixed assets are initially recorded at cost.
Financial Instruments
Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as either financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.
Plant & Machinery
Straight Line
0.5000
Fixtures & Fittings
Straight Line
0.2000
Office Equipment
Straight Line
0.3333
6980
6980
6977
6977
159932
159932
39888
39888
166912
166912
46865
46865
Ordinary
100
1
100
100
Ordinary
1
12
12
12
C. Clare
Director's loan account included in creditors more than one year £12,000 (balance at beginning of year £12,000). Also included in creditors less than one year is an amount of £4,985 (Balance at beginning of year £5,878).
K. Glanville
Director's loan account included in creditors less than one year £9,228 (balance at beginning of year £9,228). Also included in creditors less than one year is an amount of £72 (Balance at beginning of year £1,680).
2015-12-02
Mr K W Glanville
Mr C Clare
Director
true
true
true
true
xbrli:shares
iso4217:GBP
xbrli:pure
Orchid Information Systems Ltd
2014-04-01
2015-03-31
Orchid Information Systems Ltd
2013-04-01
2014-03-31
Orchid Information Systems Ltd
2013-03-31
Orchid Information Systems Ltd
2014-03-31
Orchid Information Systems Ltd
2014-03-31
Orchid Information Systems Ltd
2015-03-31
2015-12-24