Orange Door Limited - Accounts to registrar (filleted) - small 23.2.5

REGISTERED NUMBER: 08475741 (England and Wales)

Unaudited Financial Statements

for the Year Ended 30 April 2023

for

Orange Door Limited

Page

Company Information

1

Statement of Financial Position

2

Notes to the Financial Statements

4

DIRECTORS:

Mrs D I Ridley

S J Ridley

REGISTERED OFFICE:

50 Eggesford Road

Stenson Fields

Derby

DE24 3BH

REGISTERED NUMBER:

08475741 (England and Wales)

ACCOUNTANTS:

M. J. Shapcott & Co. Limited

Chartered Accountants

Charter House, Wyvern Court

Stanier Way

Derby

DE21 6BF

FIXED ASSETS

Intangible assets

4

5,723

22,584

Tangible assets

5

14,140

17,945

19,863

40,529

CURRENT ASSETS

Debtors

6

34,066

30,628

Prepayments and accrued income

190

657

Cash at bank

37,717

55,996

71,973

87,281

CREDITORS

Amounts falling due within one year

7

27,742

23,468

NET CURRENT ASSETS

44,231

63,813

TOTAL ASSETS LESS CURRENT LIABILITIES

64,094

104,342

CREDITORS

Amounts falling due after more than one year

8

-

(31,667

)

PROVISIONS FOR LIABILITIES

(2,687

)

-

ACCRUALS AND DEFERRED INCOME

(3,050

)

(2,930

)

NET ASSETS

58,357

69,745

CAPITAL AND RESERVES

Called up share capital

2

2

Retained earnings

58,355

69,743

58,357

69,745

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 2023 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 and authorised for issue on 18 January 2024 and were signed on its behalf by:

Mrs D I Ridley - Director

1.	STATUTORY INFORMATION

Orange Door 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.

The presentation currency of the financial statements is the Pound Sterling (£).

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.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2013, is being amortised evenly over its estimated useful life of ten years.

Intangible assets

Computer software is being amortised evenly over its estimated useful life of 5 years.

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

-

20% on cost

Computer equipment

-

50% on cost

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 statement of financial position date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2022 - 5 ) .

4.	INTANGIBLE FIXED ASSETS

Computer

Goodwill

software

Totals

£

£

£

COST

At 1 May 2022

and 30 April 2023

153,762

7,426

161,188

AMORTISATION

At 1 May 2022

135,819

2,785

138,604

Amortisation for year

15,376

1,485

16,861

At 30 April 2023

151,195

4,270

155,465

NET BOOK VALUE

At 30 April 2023

2,567

3,156

5,723

At 30 April 2022

17,943

4,641

22,584

5.	TANGIBLE FIXED ASSETS

Improvements

to

Plant and

Computer

property

machinery

equipment

Totals

£

£

£

£

COST

At 1 May 2022

11,162

26,452

3,579

41,193

Additions

-

-

430

430

At 30 April 2023

11,162

26,452

4,009

41,623

DEPRECIATION

At 1 May 2022

-

22,368

880

23,248

Charge for year

-

2,373

1,862

4,235

At 30 April 2023

-

24,741

2,742

27,483

NET BOOK VALUE

At 30 April 2023

11,162

1,711

1,267

14,140

At 30 April 2022

11,162

4,084

2,699

17,945

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2023

2022

£

£

Trade debtors

34,066

22,532

Other debtors

-

8,096

34,066

30,628

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2023

2022

£

£

Bank loans and overdrafts

-

10,000

Trade creditors

1,172

2,164

Taxation and social security

9,246

11,058

Other creditors

17,324

246

27,742

23,468

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2023

2022

£

£

Bank loans

-

31,667

9.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 30 April 2023 and 30 April 2022:

2023

2022

£

£

W J Barron

Balance outstanding at start of year

8,096

-

Amounts advanced

-

8,096

Amounts repaid

(8,096

)

-

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

-

8,096

The loan is provided interest free and is repayable on demand.

10.	RELATED PARTY DISCLOSURES

During the year, total dividends of £5,000 were paid to the directors .