Orchard Press (Cheltenham) Ltd - Limited company - abbreviated - 11.6

REGISTERED NUMBER: 04944600

Abbreviated Unaudited Accounts for the Year Ended 30 June 2015

for

Orchard Press (Cheltenham) Ltd

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTORS:

Mr R C Williams

Mrs M E Williams

Mr A R Williams

REGISTERED OFFICE:

Unit K Northway Trading Estate

Northway

Tewkesbury

Gloucestershire

GL20 8JH

REGISTERED NUMBER:

04944600

FIXED ASSETS

Intangible assets

2

208,344

233,340

Tangible assets

3

2,657,464

2,689,242

2,865,808

2,922,582

CURRENT ASSETS

Stocks

17,850

17,795

Debtors

290,812

303,439

Cash at bank

199,870

190,768

508,532

512,002

CREDITORS

Amounts falling due within one year

4

430,744

419,971

NET CURRENT ASSETS

77,788

92,031

TOTAL ASSETS LESS CURRENT LIABILITIES

2,943,596

3,014,613

CREDITORS

Amounts falling due after more than one year

4

(1,550,787

)

(1,677,437

)

PROVISIONS FOR LIABILITIES

(341,634

)

(301,770

)

NET ASSETS

1,051,175

1,035,406

CAPITAL AND RESERVES

Called up share capital

5

185,794

237,294

Capital redemption reserve

486,150

434,650

Profit and loss account

379,231

363,462

SHAREHOLDERS' FUNDS

1,051,175

1,035,406

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2015.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 2015 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 abbreviated accounts have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.

The financial statements were approved by the Board of Directors on 27 August 2015 and were signed on its behalf by:

Mr R C Williams - Director

Mr A R Williams - Director

1.	ACCOUNTING POLICIES

Accounting convention

The financial statements have been prepared under the historical cost convention and in accordance with the

Financial Reporting Standard for Smaller Entities (effective April 2008).

Turnover

The turnover shown in the profit and loss account represents amounts invoiced during the year, exclusive of vat.

In respect of long-term contracts and contracts for on-going services, turnover represents the value of work done

in the year, including estimates of amounts not invoiced. Turnover in respect of long-term contracts and contracts

for on-going services is recognised by reference to the stage of completion.

Goodwill

Goodwill, arising on the incorporation of a business in 2004, is being written off in equal annual instalments over

its estimated useful economic life of 20 years.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.

Long leasehold

-

20% on cost

Plant and machinery

-

10% straight line on residual value and 10 - 25% on cost

Fixtures and fittings

-

25% on cost

Motor vehicles

-

25% on cost

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow

moving items.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance

sheet date.

Hire purchase and leasing commitments

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held

under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases

are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to the profit and loss account over the relevant period. The

capital element of the future payments is treated as a liability.

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 the profit and loss account in the period to which they relate.

2.	INTANGIBLE FIXED ASSETS

Total

£

COST

At 1 July 2014

and 30 June 2015

500,000

AMORTISATION

At 1 July 2014

266,660

Amortisation for year

24,996

At 30 June 2015

291,656

NET BOOK VALUE

At 30 June 2015

208,344

At 30 June 2014

233,340

3.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 July 2014

3,368,350

Additions

284,707

Disposals

(91,490

)

At 30 June 2015

3,561,567

DEPRECIATION

At 1 July 2014

679,108

Charge for year

269,639

Eliminated on disposal

(44,644

)

At 30 June 2015

904,103

NET BOOK VALUE

At 30 June 2015

2,657,464

At 30 June 2014

2,689,242

4.

CREDITORS

Creditors include an amount of £ 1,806,744 (2014 - £ 1,892,710 ) for which security has been given.

They also include the following debts falling due in more than five years:

2015

2014

£

£

Repayable by instalments

422,460

696,232

5.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2015

2014

value:

£

£

68,778

Ordinary

£1

68,778

68,778

13,850

Preference

£1

13,850

65,350

103,166

'A' Ordinary

£1

103,166

103,166

185,794

237,294