Ormiston Grows LTD,Ltd - Accounts

Ormiston Grows LTD,Ltd - Accounts

ORMISTON GROWS LTD - Company Information

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2014-10-01 true false Private Limited Company SC407227 2015-09-30 SC407227 2014-10-01 2015-09-30 SC407227 2014-09-30 SC407227 2013-10-01 2014-09-30 SC407227 uk-bus:Director1 2014-10-01 2015-09-30 SC407227 uk-gaap:PlantMachinery 2014-10-01 2015-09-30 SC407227 uk-gaap:ComputerEquipment 2014-10-01 2015-09-30 iso4217:GBP
Ormiston Grows LTD
For the year ended 30 September 2015
Unaudited Abbreviated Report and Financial Statements
Scotland
Registered Number: SC407227
2
Contents Page
Ormiston Grows LTD
For the year ended 30 September 2015
1
Balance Sheet
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Notes to the Abbreviated Financial Statements
3
Abbreviated Balance Sheet
Ormiston Grows LTD
As at 30 September 2015
SC407227
Registered Number :
£
£
2015
Notes
2014
Fixed assets
Tangible assets
2
5,700
7,172
5,700
7,172
Current assets
Cash at bank and in hand
8,259
6,540
8,259
6,540
Creditors: amounts falling due within one year
(1,183)
(3,093)
5,357
5,166
Net current assets
Total assets less current liabilities
10,866
12,529
Creditors: amounts falling due after more than o
ne year
(1,482)
-
10,866
Net assets
11,047
Capital and reserves
Profit and loss account
10,866
11,047
10,866
11,047
Members' Funds
For the year ended 30 September 2015 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors responsibilities: 1) The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476;
2) 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.
Date approved by the board: 28 June 2016
Ms Y Dalziel Director
Signed on behalf of the board of directors
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4
Notes to the Abbreviated Financial Statements
Ormiston Grows LTD
For the year ended 30 September 2015
1 Accounting Policies
Basis of accounting
The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008).
Going Concern
The financial statements have been prepared on a going concern basis. The company's ongoing activities are dependent upon the continued support of the directors who have undertaken to provide such support for the foreseeable future. If the going concern basis were not appropriate, adjustments would have to be made to reduce the value of assets to their recoverable amount, to provide for any further liabilities that may arise and to reclassify fixed assets as current assets and long term liabilities as current liabilities.
Turnover
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
Tangible fixed assets
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
Plant and Machinery
20 Reducing balance
Computer Equipment
25 Reducing balance
2 Tangible fixed assets
Tangible
fixed assets
Cost or valuation
£
10,773
At 01 October 2014
At 30 September 2015
10,773
Depreciation
3,601
At 01 October 2014
1,472
Charge for year
5,073
At 30 September 2015
Net book values
At 30 September 2015
5,700
7,172
At 30 September 2014
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5
Notes to the Abbreviated Financial Statements
Ormiston Grows LTD
For the year ended 30 September 2015
3 Company limited by guarantee
The company is limited by guarantee and therefore has no shares
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