Ormston Hygiene Ltd - Period Ending 2016-03-31

Registration number: 09353343

Ormston Hygiene Ltd

Annual Report and Unaudited Financial Statements

for the Year Ended 31 March 2016
 

Ormston Hygiene Ltd
Contents

Company Information 1

Director's Report 2

Accountants' Report 3

Profit and Loss Account 4

Balance Sheet 5

Notes to the Financial Statements 6 to 9

Ormston Hygiene Ltd
Company Information

Director

Mrs Toni-Louise Ormston

Company secretary

Britannia Accountancy & Tax Services Ltd

Registered office

Unit A66 Sanderson Centre Lees Lane Gosport, Hants Hants PO12 3UL

Accountants

Britannia Accountancy & Tax Services Ltd Unit A66 The Sanderson Centre Lees Lane Gosport Hampshire PO12 3UL

Page 1

Ormston Hygiene Ltd
Director's Report for the Year Ended 31 March 2016

The director presents her report and the unaudited financial statements for the year ended 31 March 2016.

Director of the company

The director who held office during the year was as follows:

Mrs Toni-Louise Ormston

Small company provisions

This report has been prepared in accordance with the small companies regime under the Companies Act 2006.

Approved by the Board on 28 June 2016 and signed on its behalf by:

.........................................
Mrs Toni-Louise Ormston
Director

Page 2

Accountants' Report to the Director on the Preparation of the Unaudited Statutory Accounts of
Ormston Hygiene Ltd
for the Year Ended 31 March 2016

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Ormston Hygiene Ltd for the year ended 31 March 2016 set out on pages 4 to 9 from the company's accounting records and from information and explanations you have given us.

This report is made solely to the Board of Directors of Ormston Hygiene Ltd, as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the accounts of Ormston Hygiene Ltd and state those matters that we have agreed to state to them, as a body, in this report. . To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Ormston Hygiene Ltd and its Board of Directors as a body for our work or for this report. To the best of our knowledge at the time of preparation; all information contained in this report is accurate, based upon the information and representations made to us by Ormston Hygiene Ltd.

It is your duty to ensure that Ormston Hygiene Ltd has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of Ormston Hygiene Ltd. You consider that Ormston Hygiene Ltd is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the accounts of Ormston Hygiene Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.

......................................

Britannia Accountancy & Tax Services Ltd
Unit A66
The Sanderson Centre
Lees Lane
Gosport
Hampshire
PO12 3UL

28 June 2016

Page 3

Ormston Hygiene Ltd
Profit and Loss Account for the Year Ended 31 March 2016

		Note			Year ended 31 March 2016 £			12 December 2014 to 31 March 2015 £
Turnover					38,222			33,434
Administrative expenses					(18,222)			(14,226)
Operating profit		2			20,000			19,208
Profit on ordinary activities before taxation					20,000			19,208
Tax on profit on ordinary activities		3			(3,855)			(1,944)
Profit for the financial year		9			16,145			17,264

The notes on pages 6 to 9 form an integral part of these financial statements.
Page 4

Ormston Hygiene Ltd
(Registration number: 09353343)
Balance Sheet at 31 March 2016

		Note			31 March 2016 £			31 March 2015 £
Fixed assets
Intangible fixed assets		4			8,032			9,035
Tangible fixed assets		5			471			574
					8,503			9,609
Current assets
Cash at bank and in hand					2,960			83
Creditors: Amounts falling due within one year		6			(11,053)			(9,427)
Net current liabilities					(8,093)			(9,344)
Net assets					410			265
Capital and reserves
Called up share capital		7			1			1
Profit and loss account		9			409			264
Shareholders' funds					410			265

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the Financial Reporting Standard for Smaller Entities (effective 2015).

For the year ending 31 March 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 director acknowledges her responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

Approved and authorised for issue by the director on 28 June 2016

.........................................
Mrs Toni-Louise Ormston
Director

The notes on pages 6 to 9 form an integral part of these financial statements.
Page 5

Ormston Hygiene Ltd
Notes to the Financial Statements for the Year Ended 31 March 2016
......... continued

1	Accounting policies

Basis of preparation

The financial statements have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015).

Turnover

Turnover represents amounts chargeable in respect of the sale of goods and services to customers.

Goodwill

Positive goodwill is capitalised, classified as an asset on the balance sheet and amortised on a straight line basis
over its useful economic life. It is reviewed for impairment at the end of the first full financial year following the
acquisition and in other periods if events or changes in circumstances indicate that the carrying value may not be
recoverable.

Amortisation

Goodwill is amortised over 10 years on cost.

Asset class	Amortisation method and rate
Goodwill	10% on cost

Depreciation

Assets are depreciated over their useful economic life at the rates shown below.

Asset class	Depreciation method and rate
Equipment	18% of net book value

Financial instruments

Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities. Where shares are issued, any component that creates a financial liability of the company is presented as a liability in the balance sheet. The corresponding dividends relating to the liability component are charged as interest expense in the profit and loss account.

2	Operating profit

Operating profit is stated after charging:

		Year ended 31 March 2016 £			12 December 2014 to 31 March 2015 £
Depreciation of tangible fixed assets		103			126
Amortisation		1,003			1,003

Page 6

Ormston Hygiene Ltd
Notes to the Financial Statements for the Year Ended 31 March 2016
......... continued

3

Taxation

Tax on profit on ordinary activities

		Year ended 31 March 2016 £			12 December 2014 to 31 March 2015 £
Current tax
Corporation tax charge		3,855			1,944

4	Intangible fixed assets

		Goodwill £			Total £
Cost
At 1 April 2015		10,038			10,038
At 31 March 2016		10,038			10,038
Amortisation
At 1 April 2015		1,003			1,003
Charge for the year		1,003			1,003
At 31 March 2016		2,006			2,006
Net book value
At 31 March 2016		8,032			8,032
At 31 March 2015		9,035			9,035

Page 7

Ormston Hygiene Ltd
Notes to the Financial Statements for the Year Ended 31 March 2016
......... continued

5	Tangible fixed assets

		Office equipment £			Total £
Cost or valuation
At 1 April 2015		700			700
Depreciation
At 1 April 2015		126			126
Charge for the year		103			103
At 31 March 2016		229			229
Net book value
At 31 March 2016		471			471
At 31 March 2015		574			574

6	Creditors: Amounts falling due within one year

		31 March 2016 £			31 March 2015 £
Corporation tax		5,799			1,943
Other creditors		5,254			7,484
		11,053			9,427

7	Share capital

Allotted, called up and fully paid shares

	31 March 2016						31 March 2015
		No.			£			No.			£
Ordinary of £1 each		1			1			1			1

New shares allotted

During the year - having an aggregate nominal value of £nil were allotted for an aggregate consideration of £nil.

Page 8

Ormston Hygiene Ltd
Notes to the Financial Statements for the Year Ended 31 March 2016
......... continued

8

Dividends

		31 March 2016 £			31 March 2015 £
Dividends paid
Prior year final dividend paid		16,000			17,000

9

Reserves

		Profit and loss account £			Total £
At 1 April 2015		264			264
Profit for the year		16,145			16,145
Dividends		(16,000)			(16,000)
At 31 March 2016		409			409

10

Control

The company is controlled by the director who owns 100% of the called up share capital.

Page 9