Abbreviated Company Accounts - ORANGE FINANCIAL LIMITED

Abbreviated Company Accounts - ORANGE FINANCIAL LIMITED


Registered Number 09453874

ORANGE FINANCIAL LIMITED

Abbreviated Accounts

28 February 2016

ORANGE FINANCIAL LIMITED Registered Number 09453874

Abbreviated Balance Sheet as at 28 February 2016

Notes 2016
£
Fixed assets
Tangible assets 2 887
887
Current assets
Cash at bank and in hand 3,890
3,890
Creditors: amounts falling due within one year (3,908)
Net current assets (liabilities) (18)
Total assets less current liabilities 869
Total net assets (liabilities) 869
Capital and reserves
Called up share capital 3 100
Profit and loss account 769
Shareholders' funds 869
  • For the year ending 28 February 2016 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 12 September 2016

And signed on their behalf by:
Dominic Jefferies, Director

ORANGE FINANCIAL LIMITED Registered Number 09453874

Notes to the Abbreviated Accounts for the period ended 28 February 2016

1Accounting Policies

Basis of measurement and preparation of accounts
The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015).

Turnover policy
Turnover represents net invoiced sales of goods and services, excluding value added tax. Where a service is incomplete at the year end, turnover represents the sales value of services provided based on an appropriate proportion of time spent. Any partially completed services that are un-billed at year end are recorded in accrued income within trade debtors.

Tangible assets depreciation policy
Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost less estimated residual value of each asset over its expected useful life, as follows:
Computer equipment - 3 years straight line

2Tangible fixed assets
£
Cost
Additions 1,330
Disposals -
Revaluations -
Transfers -
At 28 February 2016 1,330
Depreciation
Charge for the year 443
On disposals -
At 28 February 2016 443
Net book values
At 28 February 2016 887
3Called Up Share Capital
Allotted, called up and fully paid:
2016
£
100 Ordinary shares of £1 each 100