Orion Valves Limited - Limited company - abbreviated - 11.6

Orion Valves Limited - Limited company - abbreviated - 11.6

ORION VALVES LIMITED - Company Information

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REGISTERED NUMBER: 02809442 (England and Wales)















Abbreviated Unaudited Accounts for the Year Ended 30 September 2015

for

Orion Valves Limited

Orion Valves Limited (Registered number: 02809442)






Contents of the Abbreviated Accounts
for the Year Ended 30 September 2015




Page

Company Information 1

Abbreviated Balance Sheet 2

Notes to the Abbreviated Accounts 3 to 4

Orion Valves Limited

Company Information
for the Year Ended 30 September 2015







DIRECTOR: Mr J A Wyatt





REGISTERED OFFICE: Chiltern Chambers
St Peters Avenue
Caversham
Reading
Berkshire
RG4 7DH





REGISTERED NUMBER: 02809442 (England and Wales)





ACCOUNTANTS: Assets Limited
Chartered Accountants
Chiltern Chambers
St Peters Avenue
Caversham
Reading
Berkshire
RG4 7DH
Page 1
Orion Valves Limited (Registered number: 02809442)

Abbreviated Balance Sheet
30 September 2015

2015 2014
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 2 22,967 5,397

CURRENT ASSETS
Stocks 1,692 846
Debtors 35,863 19,946
Cash at bank and in hand 61,106 92,073
98,661 112,865
CREDITORS
Amounts falling due within one year 31,226 25,844
NET CURRENT ASSETS 67,435 87,021
TOTAL ASSETS LESS CURRENT
LIABILITIES
90,402
92,418

CAPITAL AND RESERVES
Called up share capital 3 120 120
Capital redemption reserve 20 20
Profit and loss account 90,262 92,278
SHAREHOLDERS' FUNDS 90,402 92,418

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

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 2015 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 director on 16 February 2016 and were signed by:





Mr J A Wyatt - Director


The notes form part of these abbreviated accounts

Page 2
Orion Valves Limited (Registered number: 02809442)

Notes to the Abbreviated Accounts
for the Year Ended 30 September 2015

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
Turnover represents net invoiced sales of goods, excluding value added tax.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Fixtures and fittings - 25% reducing balance
Motor vehicles - 25% reducing balance
Computer equipment - 25% reducing balance

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.

Deferred tax assets are recognise to the extent that it is regarded as more likely than not that they will be
recovered.

Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the
balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling
at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

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. TANGIBLE FIXED ASSETS
Total
£   
COST
At 1 October 2014 30,136
Additions 30,182
Disposals (20,888 )
At 30 September 2015 39,430
DEPRECIATION
At 1 October 2014 24,739
Charge for year 7,655
Eliminated on disposal (15,931 )
At 30 September 2015 16,463
NET BOOK VALUE
At 30 September 2015 22,967
At 30 September 2014 5,397

Page 3 continued...
Orion Valves Limited (Registered number: 02809442)

Notes to the Abbreviated Accounts - continued
for the Year Ended 30 September 2015

3. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2015 2014
value: £    £   
120 Ordinary £1 120 120

4. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is Mr J A Wyatt, the director.

Page 4