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 31 MAY 2019

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

4

31,977

1,039

CURRENT ASSETS

Debtors

5

2,740,840

2,909,937

Cash at bank

1,095,933

204,487

3,836,773

3,114,424

CREDITORS

Amounts falling due within one year

6

3,541,953

2,875,785

NET CURRENT ASSETS

294,820

238,639

TOTAL ASSETS LESS CURRENT LIABILITIES

326,797

239,678

CREDITORS

Amounts falling due after more than one year

7

27,761

-

NET ASSETS

299,036

239,678

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

8

298,936

239,578

SHAREHOLDERS' FUNDS

299,036

239,678

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 May 2019.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 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.

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 31 January 2020 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 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.

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.

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 15 (2018 - NIL ) .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 June 2018

10,028

Additions

42,803

At 31 May 2019

52,831

DEPRECIATION

At 1 June 2018

8,988

Charge for year

11,866

At 31 May 2019

20,854

NET BOOK VALUE

At 31 May 2019

31,977

At 31 May 2018

1,040

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2019

2018

£

£

Trade debtors

917,390

2,543,757

Other debtors

1,823,450

366,180

2,740,840

2,909,937

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2019

2018

£

£

Bank loans and overdrafts

168,945

252,577

Hire purchase contracts

6,735

-

Trade creditors

3,099,912

2,107,411

Taxation and social security

192,342

257,251

Other creditors

74,019

258,546

3,541,953

2,875,785

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2019

2018

£

£

Hire purchase contracts

27,761

-

8.

RESERVES

Retained

earnings

£

At 1 June 2018

239,578

Profit for the year

246,285

Dividends

(186,927

)

At 31 May 2019

298,936

9.	RELATED PARTY DISCLOSURES

During the year the company made purchase of £402,688.12 (2018-£787,799) from Orchard Build

Limited in respect of overheads re-charged. £523,387 (2018-£nil) was also re-charged from

Orchard Holdings Limited whilst further purchases of £2,500 (2018-£nil) and £40,000

(2018-£256,150) were made from Orchard Design and Build Limited and Orchard Marine Services

Limited.

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 Holdings Limited

-

359,064

Orchard Cladding Specialists Limited

39

39

39

359,103

As at the balance sheet date the following balances were owed to related companies:Orchard Holdings Limited

69,551