Company Registration No. 08377298 (England and Wales)
ORCHARD HEIGHTS DEVELOPMENTS LTD
UNAUDITED ABBREVIATED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2015
ORCHARD HEIGHTS DEVELOPMENTS LTD
CONTENTS
Page
Abbreviated balance sheet
1
Notes to the abbreviated accounts
2
ORCHARD HEIGHTS DEVELOPMENTS LTD
ABBREVIATED BALANCE SHEET
AS AT
31 DECEMBER 2015
31 December 2015
- 1 -
2015
2014
Notes
£
£
£
£
Fixed assets
Tangible assets
2
13,302
23,944
Current assets
Stocks
178,311
105,556
Debtors
132,309
226,460
Cash at bank and in hand
9,786
1,605
320,406
333,621
Creditors: amounts falling due within one year
(356,806)
(366,045)
Net current liabilities
(36,400)
(32,424)
Total assets less current liabilities
(23,098)
(8,480)
Capital and reserves
Called up share capital
3
1
1
Profit and loss account
(23,099)
(8,481)
Shareholders' funds
(23,098)
(8,480)
For the financial year ended 31 December 2015 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's responsibilities:
-
The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;
-
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
These abbreviated financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime.
Approved by the Board for issue on 1 September 2016
P J Bennison
Director
Company Registration No. 08377298
ORCHARD HEIGHTS DEVELOPMENTS LTD
NOTES TO THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 31 DECEMBER 2015
- 2 -
1
Accounting policies
1.1
Accounting convention
The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015).
1.2
Tangible fixed assets and depreciation
Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost less estimated residual value of each asset over its expected useful life, as follows:
Motor vehicles
25% per annum straight line method
1.3
Stock and work in progress
Work in progress is valued at the lower of cost and net realisable value.
2
Fixed assets
Tangible assets
£
Cost
At 1 January 2015 & at 31 December 2015
31,925
Depreciation
At 1 January 2015
7,981
Charge for the year
10,642
At 31 December 2015
18,623
Net book value
At 31 December 2015
13,302
At 31 December 2014
23,944
3
Share capital
2015
2014
£
£
Allotted, called up and fully paid
1 ordinary of £1 each
1
1