Accounts filed on 31-03-2019


Registered number: SC320198






Wild Orchids Limited


ACCOUNTS

FOR THE YEAR ENDED 31/03/2019
























Prepared By:
Jackson & Green Accountants, Business & Tax Advisers
First Floor, Hill House
23-25 Spur Road
Cosham
Hampshire
PO6 3DY


ACCOUNTS
FOR THE YEAR ENDED 31/03/2019





DIRECTORS
Ms C Stone
Mr G J Campbell
Mr P Middlemost - Resigned 04/06/2018



SECRETARY
Ms C Stone


REGISTERED OFFICE
Flat 2/2
1 Lawrence Street
Glasgow
G11 5HH


COMPANY DETAILS
Private company limited by shares registered in SC - Scotland, registered number SC320198



ACCOUNTANTS
Jackson & Green Accountants, Business & Tax Advisers
First Floor, Hill House
23-25 Spur Road
Cosham
Hampshire
PO6 3DY


ACCOUNTS
FOR THEYEARENDED31/03/2019



CONTENTS



		Page

Directors' Report		-

Strategic Report		-

Accountants' Report		-

Statement Of Comprehensive Income		-

Balance Sheet		3

Notes To The Accounts		4


The following do not form part of the statutory financial statements:

Trading And Profit And Loss Account		-

Profit And Loss Account Summaries		-


BALANCE SHEET AT 31/03/2019

			2019		2018
	Notes		£		£

FIXED ASSETS
Tangible assets	3		79,417		103,046

CURRENT ASSETS
Stock		8,278		7,822
Debtors	5	413,828		149,112
Cash at bank and in hand		18,563		169,396
		440,669		326,330
CREDITORS: Amounts falling due within one year	6	168,675		417,575
NET CURRENT ASSETS / (LIABILITIES)			271,994		(91,245)
TOTAL ASSETS LESS CURRENT LIABILITIES			351,411		11,801


PROVISIONS FOR LIABILITIES AND CHARGES	8		7,760		11,136

NET ASSETS			343,651		665

CAPITAL AND RESERVES

Called up share capital	9		203		200
Profit and loss account			343,448		465
SHAREHOLDERS' FUNDS			343,651		665

For the year ending 31/03/2019 the company was entitled to exemption 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 directors acknowledge their 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.
The directors have decided not to deliver to the registrar a copy of the company's profit and loss account.

Approved by the board on 24/12/2019 and signed on their behalf by



.............................
Ms C Stone
Director



.............................
Mr G Campbell
Director

1. ACCOUNTING POLICIES




1a. Basis Of Accounting
The accounts have been prepared under the historical cost convention.
The accounts have been prepared in accordance with FRS102 - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006 .




1b. Depreciation
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives. The gain or loss arising on the disposal of an asset is determined as the difference between the sales proceeds and the carrying value of the asset, and is credited or charged to the profit or loss.

Plant and Machinery		reducing balance 25%
Equipment		reducing balance 25%




1c. Stocks
Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell (net realisable value). Costs, which comprise direct production costs, are based on the method most appropriate to the type of inventory class, but usually on a first-in-first-out basis. Overheads are charged to profit or loss as incurred. Net realisable value is based on the estimated selling price less any estimated completion or selling costs.
When stocks are sold, the carrying amount of those stocks is recognised as an expense in the period in which the related revenue is recognised. The amount of any write-down of stocks to net realisable value and all losses of stocks are recognised as an expense in the period in which the write-down or loss occurs. The amount of any reversal of any write-down of stocks is recognised as a reduction in the amount of stocks recognised as an expense in the period in which the reversal occurs.




1d. Pension Costs and Employee Benefits
The company operates a defined contribution pension scheme. Contributions are charged to the profit and loss account as they become payable in accordance with the rules of the scheme. The costs of short term employee benefits are recognised as a liability and an expense, unless those costs are required to be recognised as part of the cost of stock or fixed assets. The cost of any unused holiday entitlement is recognised in the period in which the employee's services are received. Termination benefits are recognised immediately as an expense when the company is demonstrably committed to terminate the employment of an employee or to provide termination benefits.




1e. Goodwill
Amortisation is charged so as to allocate the cost of intangibles less their residual values over their estimated useful lives, using the straight-line method. The intangible assets are amortised over the following useful economic lives:
- Goodwill 10 years
If there is an indication that there has been a significant change in amortisation rate or residual value of an asset, the amortisation of that asset is revised prospectively to reflect the new expectations.




5. DEBTORS	2019	2018
	£	£
Amounts falling due within one year
Trade debtors	128,725	146,128
Other debtors	5,178	-
Prepayments	612	2,984
Directors current account	159,291	-
	293,806	149,112

Amounts falling due over more than one year
Long term debtor	120,022	-
	120,022	-
	413,828	149,112




6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
	2019	2018
	£	£
UK corporation tax	130,320	52,100
PAYE control	5,114	5,001
Salaries and wages control	-	6,799
Pension control	1,715	387
Directors current account	-	321,848
Credit card	1,077	1,037
Trade creditors	17,390	27,308
Accruals	13,059	3,095
	168,675	417,575




9. SHARE CAPITAL	2019	2018
	£	£
Allotted, issued and fully paid:
100 Ordinary A Shares of £1 each	100	100
100 Ordinary B Shares of £1 each	100	100
1 Ordinary C Shares of £1 each	1
1 Ordinary D Shares of £1 each	1
1 Ordinary E Shares of £1 each	1
	203	200

New shares issued during period:
1 Ordinary C Shares of £1 each	1
1 Ordinary D Shares of £1 each	1
1 Ordinary E Shares of £1 each	1
	3	-




10. CONTROLLING PARTY
The company is controlled equally by the directors Ms C Stone and Mr G J Campbell. Both directors are registered as persons with significant control.




11. RELATED PARTY TRANSACTIONS
The company paid rent totalling £60,000 (2018 - Nil) to officers of the company during the period.
Turnover is partly derived from NSS income awarded to a named officer of the company. The contracts pre-date incorporation and were recognised within the initial transfer of goodwill.