Company Registration No. 10237316 (England and Wales)
ORM TIMBER FRAME DESIGN LIMITED
Unaudited accounts
for the year ended 30 June 2018
ORM TIMBER FRAME DESIGN LIMITED
Chartered Accountants' report to the board of directors on the preparation of the unaudited statutory accounts of ORM TIMBER FRAME DESIGN LIMITED for the year ended 30 June 2018
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of
ORM TIMBER FRAME DESIGN LIMITED for the year ended
30 June 2018 as set out on pages
3 -
5 from the company's accounting records and from information and explanations you have given us.
As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at icaew.com/membershandbook.
This report is made solely to the Board of Directors of ORM TIMBER FRAME DESIGN LIMITED, as a body, in accordance with the terms of our engagement letter dated 6 March 2018. Our work has been undertaken solely to prepare for your approval the accounts of ORM TIMBER FRAME DESIGN LIMITED and state those matters that we have agreed to state to the Board of Directors of ORM TIMBER FRAME DESIGN LIMITED, as a body, in this report in accordance with AAF 07/16 as detailed at icaew.com/compilation. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than ORM TIMBER FRAME DESIGN LIMITED and its Board of Directors as a body for our work or for this report.
It is your duty to ensure that ORM TIMBER FRAME DESIGN LIMITED has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of ORM TIMBER FRAME DESIGN LIMITED. You consider that ORM TIMBER FRAME DESIGN LIMITED is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit or a review of the accounts of ORM TIMBER FRAME DESIGN LIMITED. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.
DIMBLEBY & DALE
Chartered Accountants
JUNCTION HOUSE
58 HIGH STREET
BEIGHTON
SHEFFIELD
S20 1ED
28 March 2019
ORM TIMBER FRAME DESIGN LIMITED
Statement of financial position
as at
30 June 2018
Tangible assets
801
1,201
Cash at bank and in hand
9,655
6,492
Creditors: amounts falling due within one year
(11,047)
(13,154)
Net current assets
528
154
Total assets less current liabilities
1,329
1,355
Creditors: amounts falling due after more than one year
-
(267)
Called up share capital
100
100
Profit and loss account
1,229
988
Shareholders' funds
1,329
1,088
For the year ending 30 June 2018 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 director acknowledges his 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.
Approved by the Board on 28 March 2019.
Lee Anthony Parkes
Director
Company Registration No. 10237316
ORM TIMBER FRAME DESIGN LIMITED
Notes to the Accounts
for the year ended 30 June 2018
ORM TIMBER FRAME DESIGN LIMITED is a private company, limited by shares, registered in England and Wales, registration number 10237316. The registered office is 3 PIPWORTH LANE, ECKINGOTN, SHEFFIELD, SOUTH YORKSHIRE, S21 4EY.
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.
These financial statements for the year ended 30 June 2018 are the first financial statements that comply with FRS 102 Section 1A Small Entities. The date of transition is 1 July 2016.
The transition to FRS 102 Section 1A Small Entities has resulted in a small number of changes in accounting policies to those used previously.
The nature of these changes and their impact on opening equity and profit for the comparative period are explained in the notes below.
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:
Computer equipment
33.33% reducing balance basis
4
Tangible fixed assets
Computer equipment
Cost or valuation
At cost
ORM TIMBER FRAME DESIGN LIMITED
Notes to the Accounts
for the year ended 30 June 2018
Trade debtors
1,920
1,050
6
Creditors: amounts falling due within one year
2018
2017
Obligations under finance leases and hire purchase contracts
266
591
Taxes and social security
6,484
5,858
Other creditors
3,866
6,503
Loans from directors
431
202
7
Creditors: amounts falling due after more than one year
2018
2017
Obligations under finance leases and hire purchase contracts
-
267
8
Average number of employees
During the year the average number of employees was 1 (2017: 1).