Abbreviated Company Accounts - ORCHID MS

Registered Number 08759472

ORCHID MS

Abbreviated Accounts

31 December 2015

ORCHID MS Registered Number 08759472

Abbreviated Balance Sheet as at 31 December 2015

	Notes	2015	2014
		£	£
Current assets
Debtors	3	10,532	6,732
Cash at bank and in hand		2,159	2,032
		12,691	8,764
Creditors: amounts falling due within one year	4	(12,691)	(8,764)
Net current assets (liabilities)		0	0
Total assets less current liabilities		0	0
Total net assets (liabilities)		0	0
Reserves
Revaluation reserve		0	0
Income and expenditure account		0	0
Members' funds		0	0

For the year ending 31 December 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 20 September 2016

And signed on their behalf by:
Burnell Richards, Director

ORCHID MS Registered Number 08759472

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

1Accounting Policies

Basis of measurement and preparation of accounts
These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

Turnover policy
The turnover shown in the profit and loss account represents revenue earned during the period, exclusive of VAT.

Tangible assets depreciation policy
Depreciation is provided, after taking account of any grants receivable, at the following annual rates in order to write off each asset over its estimated useful life. Freehold buildings - 2% on cost or revalued amounts, Plant and Machinery - 15% on cost, Fixtures and fittings - 20% on cost, Motor vehicles - 25% on cost.

Intangible assets amortisation policy
Intangible fixed assets (including purchased goodwill and patents) are amortised at rates calculated to write off the assets on a straight basis over their estimated useful economic lives, not to exceed twenty years. Impairment of intangible assets is only reviewed where circumstances indicate that the carrying value of an asset may not be fully recoverable.

Valuation information and policy
Stocks and work -in-progress are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items. Cost includes all direct expenditure and an appropriate proportion of fixed and variable overheads.

Other accounting policies
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. Rentals paid under operating leases are charged to the profit and loss account on a straight line basis over the period of the lease. Research and Development Expenditure on research and development is written off in the year in which it is incurred.

2Company limited by guarantee
Company is limited by guarantee and consequently does not have share capital.

3Debtors

	2015 £	2014 £
Debtors include the following amounts due after more than one year	10,532	6,732

4Creditors

	2015 £	2014 £
Secured Debts	12,691	8,764