ORCHARD MEDICAL LIMITED - Filleted accounts

ORCHARD MEDICAL LIMITED - Filleted accounts

ORCHARD MEDICAL LIMITED - Company Information

Print Friendly Version

Registered number
11814997
ORCHARD MEDICAL LIMITED
Unaudited Filleted Accounts
31 January 2022
ORCHARD MEDICAL LIMITED
Registered number: 11814997
Balance Sheet
as at 31 January 2022
Notes 2022 2021
£ £
Fixed assets
Tangible assets 3 3,304 4,956
Current assets
Debtors 4 28,000 28,000
Cash at bank and in hand 8,966 83,395
36,966 111,395
Creditors: amounts falling due within one year 5 (18,024) (29,626)
Net current assets 18,942 81,769
Net assets 22,246 86,725
Capital and reserves
Called up share capital 100 100
Profit and loss account 22,146 86,625
Shareholders' funds 22,246 86,725
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 4 October 2022
ORCHARD MEDICAL LIMITED
Notes to the Accounts
for the year ended 31 January 2022
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
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
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 Employees 2022 2021
Number Number
Average number of persons employed by the company 2 2
3 Tangible fixed assets
Motor vehicles
£
Cost
At 1 February 2021 8,260
At 31 January 2022 8,260
Depreciation
At 1 February 2021 3,304
Charge for the year 1,652
At 31 January 2022 4,956
Net book value
At 31 January 2022 3,304
At 31 January 2021 4,956
4 Debtors 2022 2021
£ £
Other debtors 28,000 28,000
5 Creditors: amounts falling due within one year 2022 2021
£ £
Taxation and social security costs 15,206 28,812
Other creditors 2,818 814
18,024 29,626
6 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 £64,000 during this period.
7 Controlling party
The ultimate controlling party was Mr. Ayman Abou-Aisha and Mrs. Alyaa M. A. H. Iskandarany.
8 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
ORCHARD MEDICAL LIMITED 11814997 false 2021-02-01 2022-01-31 2022-01-31 VT Final Accounts April 2022 Ayman Abou-Aisha No description of principal activity 11814997 2020-02-01 2021-01-31 11814997 core:WithinOneYear 2021-01-31 11814997 core:ShareCapital 2021-01-31 11814997 core:RetainedEarningsAccumulatedLosses 2021-01-31 11814997 2021-02-01 2022-01-31 11814997 bus:PrivateLimitedCompanyLtd 2021-02-01 2022-01-31 11814997 bus:AuditExemptWithAccountantsReport 2021-02-01 2022-01-31 11814997 bus:Director40 2021-02-01 2022-01-31 11814997 1 2021-02-01 2022-01-31 11814997 2 2021-02-01 2022-01-31 11814997 core:Vehicles 2021-02-01 2022-01-31 11814997 countries:England 2021-02-01 2022-01-31 11814997 bus:FRS102 2021-02-01 2022-01-31 11814997 bus:FullAccounts 2021-02-01 2022-01-31 11814997 2022-01-31 11814997 core:WithinOneYear 2022-01-31 11814997 core:ShareCapital 2022-01-31 11814997 core:RetainedEarningsAccumulatedLosses 2022-01-31 11814997 core:Vehicles 2022-01-31 11814997 2021-01-31 11814997 core:Vehicles 2021-01-31 iso4217:GBP xbrli:pure