Orange Tree Trading (UK) Limited 30/06/2018 iXBRL
Orange Tree Trading (UK) Limited 30/06/2018 iXBRL
Company registration number:
03523398
Unaudited filleted financial statements
Contents
Statement of financial position
Notes to the financial statements
Statement of financial position
30 June 2018
2018 | 2017 | ||||||||
Note | £ | £ | £ | £ | |||||
Fixed assets | |||||||||
Intangible assets | 5 |
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Tangible assets | 6 |
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_______ | _______ | ||||||||
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Current assets | |||||||||
Stocks |
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Debtors | 7 |
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Cash at bank and in hand |
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_______ | _______ | ||||||||
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Creditors: amounts falling due | |||||||||
within one year | 8 |
(
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(
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_______ | _______ | ||||||||
Net current liabilities |
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_______ | _______ | ||||||||
Total assets less current liabilities |
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Provisions for liabilities |
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_______ | _______ | ||||||||
Net assets |
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_______ | _______ | ||||||||
Capital and reserves | |||||||||
Called up share capital |
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Profit and loss account |
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_______ | _______ | ||||||||
Shareholders funds |
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_______ | _______ | ||||||||
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;
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The director acknowledges their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.
These financial statements were approved by the
board of directors
and authorised for issue on
29 March 2019
, and are signed on behalf of the board by:
Director
Company registration number:
03523398
Notes to the financial statements
Year ended 30 June 2018
1.
General information
The company is a private company limited by shares, registered in England. The address of the registered office is Darts Farm Shopping Village, Topsham, Exeter, EX3 0QH.
2.
Statement of compliance
3.
Accounting policies
Basis of preparation
Turnover
Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax.
Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer, usually on despatch of the goods; the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity and the costs incurred or to be incurred in respect of the transactions can be measured reliably.
Taxation
Goodwill
Intangible assets
Amortisation
Amortisation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful life of that asset as follows:
Goodwill | - |
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If there is an indication that there has been a significant change in amortisation rate, useful life or residual value of an intangible asset, the amortisation is revised prospectively to reflect the new estimates.
Tangible assets
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Leasehold improvements | - |
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Fittings fixtures and equipment | - |
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Motor vehicles | - |
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Computer equipment/website | - |
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reducing balance | |
Impairment
Stocks
Government grants
Provisions
Financial instruments
Financial instruments are clasified and accounted for, according to the substance of the contractual arrangement, as either financial assets, financiel 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.
Defined contribution plans
4.
Employee numbers
The average number of persons employed by the company during the year amounted to
16
(2017:
17
).
5.
Intangible assets
Goodwill | Patents | Total | ||
£ | £ | £ | ||
Cost | ||||
At 1 July 2017 and 30 June 2018 |
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_______ | _______ | _______ | ||
Amortisation | ||||
At 1 July 2017 |
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Charge for the year |
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- |
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_______ | _______ | _______ | ||
At 30 June 2018 |
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_______ | _______ | _______ | ||
Carrying amount | ||||
At 30 June 2018 |
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_______ | _______ | _______ | ||
At 30 June 2017 |
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_______ | _______ | _______ | ||
6.
Tangible assets
Leasehold improvements | Fixtures, fittings and equipment | Motor vehicles | Computer equipment / Website | Total | ||
£ | £ | £ | £ | £ | ||
Cost | ||||||
At 1 July 2017 |
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Additions | - | 707 | - | 4,711 | 5,418 | |
Disposals | - |
(
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_______ | _______ | _______ | _______ | _______ | ||
At 30 June 2018 |
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_______ | _______ | _______ | _______ | _______ | ||
Depreciation | ||||||
At 1 July 2017 |
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Charge for the year | - |
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Disposals | - |
(
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_______ | _______ | _______ | _______ | _______ | ||
At 30 June 2018 |
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_______ | _______ | _______ | _______ | _______ | ||
Carrying amount | ||||||
At 30 June 2018 |
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_______ | _______ | _______ | _______ | _______ | ||
At 30 June 2017 |
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_______ | _______ | _______ | _______ | _______ | ||
7.
Debtors
2018 | 2017 | |||
£ | £ | |||
Trade debtors |
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- | ||
Other debtors |
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_______ | _______ | |||
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_______ | _______ | |||
8.
Creditors: amounts falling due within one year
2018 | 2017 | |||
£ | £ | |||
Bank loans and overdrafts |
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Trade creditors |
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Corporation tax |
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Social security and other taxes |
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Other creditors |
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_______ | _______ | |||
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_______ | _______ | |||
A Debenture was created on 9 January 2007 in respect of any liabilities owing to The Royal Bank of Scotland Plc.
9.
Controlling party