ORCHARD MEDICAL LIMITED - Filleted accounts

ORCHARD MEDICAL LIMITED - Company Information

Registered number

11814997

ORCHARD MEDICAL LIMITED

Unaudited Filleted Accounts

31 January 2020

ORCHARD MEDICAL LIMITED
Registered number:		11814997
Balance Sheet
as at 31 January 2020

Notes			2020
£
Fixed assets
Tangible assets	2		6,608

Current assets
Cash at bank and in hand		118,797

Creditors: amounts falling due within one year	3	(74,325)

Net current assets			44,472

Net assets			51,080

Capital and reserves
Called up share capital			100
Profit and loss account			50,980

Shareholders' funds			51,080

The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.




Ayman Abou-Aisha
Director
Approved by the board on 2 September 2020

ORCHARD MEDICAL LIMITED
Notes to the Accounts
for the period from 8 February 2019 to 31 January 2020


1	Accounting policies

	Basis of preparation
	The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).

	Turnover
	Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.

	Tangible fixed assets
	Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:

	Motor	20% Straight line

	Creditors
	Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.

	Taxation
	A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.


2	Tangible fixed assets
				Motor vehicles
£
	Cost
	Additions			8,260
	At 31 January 2020			8,260

	Depreciation
	Charge for the period			1,652
	At 31 January 2020			1,652

	Net book value
	At 31 January 2020			6,608


3	Creditors: amounts falling due within one year		2020
£

	Taxation and social security costs		25,834
	Other creditors		48,491
			74,325


4	Related party transactions

	Mr. Ayman Abou-Aisha and Mrs. Alyaa M. A. H. Iskandarany who were both directors and equal shareholders in the company each received dividends of £29,000 during this period.


5	Controlling party

	The ultimate controlling party was Mr. Ayman Abou-Aisha and Mrs. Alyaa M. A. H. Iskandarany.


6	Other information

	ORCHARD MEDICAL LIMITED is a private company limited by shares and incorporated in England. Its registered office is:
	43A High Street
	Barkingside
	Essex
	IG6 2AD