Orange Court Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 03046201 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30TH MARCH 2019

FOR

ORANGE COURT LIMITED

Page

Company Information

1

Report of the Accountants

2

Abridged Balance Sheet

3

Notes to the Financial Statements

4

DIRECTORS:

C D Mellor

D J Mellor

SECRETARY:

C D Mellor

REGISTERED OFFICE:

Fareham House

69 High Street

Fareham

Hampshire

PO16 7BB

REGISTERED NUMBER:

03046201 (England and Wales)

ACCOUNTANTS:

Wilkins Kennedy

Fareham House

69 High Street

Fareham

Hampshire

PO16 7BB

The following reproduces the text of the report prepared for the directors in respect of the company's annual

unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file

a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and

the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the

financial statements of Orange Court Limited for the year ended 30th March 2019 which comprise the Income

Statement, Balance Sheet, Statement of Changes in Equity and the related notes from the company's accounting

records and from information and explanations you have given us.

This report is made solely to the Board of Directors of Orange Court Limited, as a body, in accordance with our terms of

engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Orange

Court Limited and state those matters that we have agreed to state to the Board of Directors of Orange Court Limited,

as a body, in this report. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone

other than Orange Court Limited and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Orange Court Limited has kept adequate accounting records and to prepare statutory

financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Orange Court

Limited. You consider that Orange Court 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 financial statements of Orange Court 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 financial statements.

Wilkins Kennedy

Fareham House

69 High Street

Fareham

Hampshire

PO16 7BB

20th December 2019

FIXED ASSETS

Tangible assets

4

103,699

120,176

CURRENT ASSETS

Stocks

795,329

766,474

Debtors

43,389

27,335

Cash at bank and in hand

5,720

10,942

844,438

804,751

CREDITORS

Amounts falling due within one year

402,632

316,444

NET CURRENT ASSETS

441,806

488,307

TOTAL ASSETS LESS CURRENT LIABILITIES

545,505

608,483

PROVISIONS FOR LIABILITIES

19,703

22,833

NET ASSETS

525,802

585,650

CAPITAL AND RESERVES

Called up share capital

200

200

Retained earnings

525,602

585,450

SHAREHOLDERS' FUNDS

525,802

585,650

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30th March 2019.

The members have not required the company to obtain an audit of its financial statements for the year ended 30th March 2019 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 applicable to companies subject to the small companies regime.

All the members have consented to the preparation of an abridged Balance Sheet for the year ended 30th March 2019 in accordance with Section 444(2A) of the Companies Act 2006.

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 18th December 2019 and were signed on its behalf by:

C D Mellor - Director

1.	STATUTORY INFORMATION

Orange Court 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.

The presentation currency of the financial statements is the Pound Sterling (£).

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" 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.

Fixtures and fittings

-

15% on reducing balance

Computer equipment

-

33% on reducing balance

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and

slow moving items.

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.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the

lease.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension

scheme are charged to profit or loss in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 22 (2018 - 22 ) .

4.	TANGIBLE FIXED ASSETS

Totals

£

COST

At 31st March 2018

266,536

Additions

2,426

At 30th March 2019

268,962

DEPRECIATION

At 31st March 2018

146,360

Charge for year

18,903

At 30th March 2019

165,263

NET BOOK VALUE

At 30th March 2019

103,699

At 30th March 2018

120,176