Abbreviated Company Accounts - ORCHARD GYMNASTICS LIMITED

ORCHARD GYMNASTICS LIMITED - Company Information

06994650 ORCHARD GYMNASTICS LIMITED 2015-08-31 false 2014-09-01 2015-08-31 true 06994650 2014-09-01 2015-08-31 06994650 2015-08-31 06994650 2014-08-31 06994650 uk-gaap-cd-bus:Director1 2014-09-01 2015-08-31 06994650 uk-gaap-cd-bus:Director2 2014-09-01 2015-08-31 uk-gaap-cd-bus:Director3 2014-09-01 2015-08-31 uk-gaap-cd-bus:Director3 2015-08-31 uk-gaap-cd-bus:Director3 2014-08-31 iso4217:GBP shares

Registered Number 06994650

ORCHARD GYMNASTICS LIMITED

Abbreviated Accounts

31 August 2015

ORCHARD GYMNASTICS LIMITED Registered Number 06994650

Abbreviated Balance Sheet as at 31 August 2015

	Notes	2015	2014
		£	£
Fixed assets
Tangible assets	2	93,499	94,135
		93,499	94,135
Current assets
Stocks		3,511	276
Debtors		6,259	8,534
Cash at bank and in hand		31,218	31,057
		40,988	39,867
Creditors: amounts falling due within one year		(44,376)	(41,694)
Net current assets (liabilities)		(3,388)	(1,827)
Total assets less current liabilities		90,111	92,308
Creditors: amounts falling due after more than one year		(13,140)	(9,273)
Provisions for liabilities		(6,818)	(4,336)
Accruals and deferred income		(41,643)	(51,285)
Total net assets (liabilities)		28,510	27,414
Capital and reserves
Called up share capital		2	2
Profit and loss account		28,508	27,412
Shareholders' funds		28,510	27,414

For the year ending 31 August 2015 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 31 May 2016

And signed on their behalf by:
Mr B Phelan, Director

ORCHARD GYMNASTICS LIMITED Registered Number 06994650

Notes to the Abbreviated Accounts for the period ended 31 August 2015

1Accounting Policies

Basis of measurement and preparation of accounts
The accounts have been 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 invoice value of sales made during the year and derives from the provision of goods falling within the company's ordinary activities.

Tangible assets depreciation policy
Depreciation is provided at rates calculated to write off the cost less residual value of each asset over its expected useful life, as follows:

Plant and machinery - 20% straight line
Fixtures, fittings
and equipment - 15% straight line

Other accounting policies
Government grants
Grants are credited to deferred revenue. Grants towards capital expenditure are released to the profit and loss account over the expected useful life of the assets. Grants towards revenue expenditure are released to the profit and loss account as the related expenditure is incurred.

2Tangible fixed assets

	£
Cost
At 1 September 2014	163,282
Additions	32,583
Disposals	-
Revaluations	-
Transfers	-
At 31 August 2015	195,865
Depreciation
At 1 September 2014	69,147
Charge for the year	33,219
On disposals	-
At 31 August 2015	102,366
Net book values
At 31 August 2015	93,499
At 31 August 2014	94,135

3Transactions with directors

Name of director receiving advance or credit:	Mr B Phelan
Description of the transaction:	Advance to Company
Balance at 1 September 2014:	£ 16,204
Advances or credits made:	£ 1,295
Advances or credits repaid:	-
Balance at 31 August 2015:	£ 17,499

During the year, the director Mr B Phelan continued to make available a loan to the company. The loan balance was £17,499 (2013 £16,204) the loan is interest free and repayable on demand.