Abbreviated Company Accounts - ORIENT DESIGN LTD

04862796 ORIENT DESIGN LTD 2014-08-31 false 2013-09-01 2014-08-31 true 04862796 2013-09-01 2014-08-31 04862796 2014-08-31 04862796 2013-08-31 04862796 uk-gaap-cd-bus:Director1 2013-09-01 2014-08-31 04862796 uk-gaap-cd-bus:Director2 2013-09-01 2014-08-31 uk-gaap-cd-bus:OrdinaryShareClass1 2013-09-01 2014-08-31 uk-gaap-cd-bus:OrdinaryShareClass1 2014-08-31 uk-gaap-cd-bus:OrdinaryShareClass1 2013-08-31 iso4217:GBP shares

Registered Number 04862796

ORIENT DESIGN LTD

Abbreviated Accounts

31 August 2014

ORIENT DESIGN LTD Registered Number 04862796

Abbreviated Balance Sheet as at 31 August 2014

	Notes	2014	2013
		£	£
Fixed assets
Tangible assets	2	1,036,678	1,005,635
		1,036,678	1,005,635
Current assets
Debtors	3	27,253	58,680
Cash at bank and in hand		10,260	3,136
		37,513	61,816
Creditors: amounts falling due within one year		(66,085)	(46,185)
Net current assets (liabilities)		(28,572)	15,631
Total assets less current liabilities		1,008,106	1,021,266
Creditors: amounts falling due after more than one year		(994,255)	(1,063,574)
Total net assets (liabilities)		13,851	(42,308)
Capital and reserves
Called up share capital	4	1	1
Profit and loss account		13,850	(42,309)
Shareholders' funds		13,851	(42,308)

For the year ending 31 August 2014 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 in accordance with the provisions applicable to companies subject to the small companies regime.

Approved by the Board on 8 April 2015

And signed on their behalf by:
Mr J E Q Harris, Director

ORIENT DESIGN LTD Registered Number 04862796

Notes to the Abbreviated Accounts for the period ended 31 August 2014

1Accounting Policies

Basis of measurement and preparation of accounts
The accounts are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008).

Turnover policy
Turnover represents the total value, excluding value added tax, of sales made during the year and derives from the provision of goods falling within the company's ordinary activities.

Tangible assets depreciation policy
Plant and machinery - 20% on reducing balance
Fixtures, fittings and equipment - 20% on reducing balance
Motor vehicles - 20% on reducing balance
Computer equipment - 33.33% on cost

Other accounting policies
Leasing
Rentals payable under operating leases are changed against income on a straight line basis over the lease term.

Related party transactions
There are various transactions with T-Space Construction Limited, a company in which Mr J E Q Harris (Director) is a director of the company. All the transactions are at arms length.

Controlling interest
The director controls the company by virtue of his shareholdings in the company.

2Tangible fixed assets

	£
Cost
At 1 September 2013	1,028,756
Additions	31,690
Disposals	-
Revaluations	-
Transfers	-
At 31 August 2014	1,060,446
Depreciation
At 1 September 2013	23,121
Charge for the year	647
On disposals	-
At 31 August 2014	23,768
Net book values
At 31 August 2014	1,036,678
At 31 August 2013	1,005,635

3Debtors

	2014 £	2013 £
Debtors include the following amounts due after more than one year	27,253	58,680

Debtors include deferred tax

Debtors - 13,517 (2014) 44,944 (2013)
Deferred taxation - 13,736 (2014) 13,736 (2013)

4Called Up Share Capital
Allotted, called up and fully paid:

	2014 £	2013 £
1 Ordinary shares of £1 each	1	1