Orchard Interior Project Management Ltd - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 06015914 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31ST MAY 2018

FOR

ORCHARD INTERIOR PROJECT MANAGEMENT

LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

S C Fordham

P B Bailes

D F King

REGISTERED OFFICE:

Orchard House

Threshelfords Business Park

Inworth Road

Feering

Essex

CO5 9SE

REGISTERED NUMBER:

06015914 (England and Wales)

ACCOUNTANTS:

CBHC Limited

Suite 3, The Hamilton Centre

Rodney Way

Chelmsford

Essex

CM1 3BY

FIXED ASSETS

Tangible assets

3

1,039

3,385

CURRENT ASSETS

Debtors

4

2,909,937

1,962,271

Cash at bank

204,487

234,132

3,114,424

2,196,403

CREDITORS

Amounts falling due within one year

5

(2,875,785

)

(2,031,227

)

NET CURRENT ASSETS

238,639

165,176

TOTAL ASSETS LESS CURRENT LIABILITIES

239,678

168,561

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

6

239,578

168,461

SHAREHOLDERS' FUNDS

239,678

168,561

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st May 2018.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st May 2018 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The financial statements have been prepared and delivered in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors on 14th February 2019 and were signed on its behalf by:

S C Fordham - Director

1.	STATUTORY INFORMATION

Orchard Interior Project Management Limited is a private company, limited by shares , registered

in England and Wales. The company's registered number and registered office address can be

found on the Company Information page.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding

discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery etc

-

33% on cost and 25% on reducing balance

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income

Statement, except to the extent that it relates to items recognised in other comprehensive income

or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been

enacted or substantively enacted by the balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed

at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods

different from those in which they are recognised in financial statements. Deferred tax is measured

using tax rates and laws that have been enacted or substantively enacted by the year end and that

are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is

probable that they will be recovered against the reversal of deferred tax liabilities or other future

taxable profits.

3.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1st June 2017

and 31st May 2018

10,028

DEPRECIATION

At 1st June 2017

6,643

Charge for year

2,346

At 31st May 2018

8,989

NET BOOK VALUE

At 31st May 2018

1,039

At 31st May 2017

3,385

4.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2018

2017

£

£

Trade debtors

2,543,757

1,517,748

Other debtors

366,180

444,523

2,909,937

1,962,271

5.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2018

2017

£

£

Bank loans and overdrafts

252,577

-

Trade creditors

2,107,411

1,779,058

Taxation and social security

257,251

242,567

Other creditors

258,546

9,602

2,875,785

2,031,227

6.

RESERVES

Retained

earnings

£

At 1st June 2017

168,461

Profit for the year

298,062

Dividends

(226,945

)

At 31st May 2018

239,578

7.	RELATED PARTY DISCLOSURES

Purchases of £256,150 (2017: £235,000) were made from Orchard Marine Services Limited , £808

(2017: £28,317) from Orchard Farm Services Limited , £787,779 (2017: £797,663) from Orchard

Build Limited, £93,949 from Orchard Cladding Specialists Ltd and £96,000 from Orchard Construct

Ltd in respect of costs re-charged.

All companies listed were under the control of S C Fordham throughout the period.

As at the balance sheet date the following balances were owed by related companies:

£

£

2018

2017

Orchard Build Limited

-256,150

-

Orchard Holdings Limited

359,064

412,764

Orchard Cladding Specialists Limited

39

8,816

102,953

421,580