Company Registration No. 09022824 (England and Wales)
Orchard Davies Limited
Unaudited accounts
for the year ended 31 May 2021
Orchard Davies Limited
Unaudited accounts
Contents
Orchard Davies Limited
Company Information
for the year ended 31 May 2021
Directors
Kathryn Harris
Mervyn Harris
Company Number
09022824 (England and Wales)
Registered Office
2 Naseby Close
Pontprennau
Cardiff
CF23 8LS
United Kingdom
Accountants
Orchard Davies Ltd
2 Naseby Close
Pontprennau
Cardiff
South Glamorgan
CF23 8LS
Orchard Davies Limited
Statement of financial position
as at
31 May 2021
Tangible assets
750
1,500
Cash at bank and in hand
11,872
23,903
Creditors: amounts falling due within one year
(16,085)
(21,712)
Net current assets
7,475
16,785
Called up share capital
2
2
Profit and loss account
8,223
18,283
Shareholders' funds
8,225
18,285
For the year ending 31 May 2021 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 in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 7 February 2022 and were signed on its behalf by
Kathryn Harris
Director
Company Registration No. 09022824
Orchard Davies Limited
Notes to the Accounts
for the year ended 31 May 2021
Orchard Davies Limited is a private company, limited by shares, registered in England and Wales, registration number 09022824. The registered office is 2 Naseby Close, Pontprennau, Cardiff, CF23 8LS, United Kingdom.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Fixtures & fittings
25% straight line
Government grants in relation to tangible fixed assets are credited to profit and loss account over the useful lives of the related assets, whereas those in relation to expenditure are credited when the expenditure is charged to profit and loss.
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Orchard Davies Limited
Notes to the Accounts
for the year ended 31 May 2021
4
Tangible fixed assets
Fixtures & fittings
Cost or valuation
At cost
5
Debtors: amounts falling due within one year
2021
2020
Trade debtors
11,688
14,594
6
Creditors: amounts falling due within one year
2021
2020
Taxes and social security
3,469
10,051
Other creditors
1,412
212
Loans from directors
2,610
1,064
7
Average number of employees
During the year the average number of employees was 2 (2020: 3).