Abbreviated Company Accounts - ORCHARD PHARM LIMITED

ORCHARD PHARM LIMITED - Company Information

04600653 ORCHARD PHARM LIMITED 2016-03-31 false 2015-04-01 2016-03-31 true 04600653 2015-04-01 2016-03-31 04600653 2016-03-31 04600653 2015-03-31 04600653 uk-gaap-cd-bus:Director1 2015-04-01 2016-03-31 04600653 uk-gaap-cd-bus:Director2 2015-04-01 2016-03-31 uk-gaap-cd-bus:OrdinaryShareClass1 2015-04-01 2016-03-31 uk-gaap-cd-bus:OrdinaryShareClass1 2016-03-31 uk-gaap-cd-bus:OrdinaryShareClass1 2015-03-31 iso4217:GBP shares

Registered Number 04600653

ORCHARD PHARM LIMITED

Abbreviated Accounts

31 March 2016

ORCHARD PHARM LIMITED Registered Number 04600653

Abbreviated Balance Sheet as at 31 March 2016

	Notes	2016	2015
		£	£
Fixed assets
Intangible assets	2	350,000	350,000
Tangible assets	3	16,587	17,679
		366,587	367,679
Current assets
Stocks		38,000	38,000
Debtors	4	67,881	68,295
Cash at bank and in hand		25,210	21,826
		131,091	128,121
Creditors: amounts falling due within one year	5	(275,669)	(295,721)
Net current assets (liabilities)		(144,578)	(167,600)
Total assets less current liabilities		222,009	200,079
Total net assets (liabilities)		222,009	200,079
Capital and reserves
Called up share capital	6	2	2
Profit and loss account		222,007	200,077
Shareholders' funds		222,009	200,079

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 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 8 December 2016

And signed on their behalf by:
Mr R K Patel, Director

ORCHARD PHARM LIMITED Registered Number 04600653

Notes to the Abbreviated Accounts for the period ended 31 March 2016

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 excluding value added tax of sales made during the year.

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:-
Leasehold properties - Straight line over the life of the lease
Fixtures,fittings and - 15% reducing balance basis
equipment

Intangible assets amortisation policy
Goodwill
The company's accounting policy is to capitalise purchased goodwill.In the director's opinion the value of the goodwill has been maintained and therefore in order that the financial statements to give a true and fair view they consider it inappropriate to amortise its value.

Valuation information and policy
Stock
Stock is valued at lower of cost and net realisable value.

2Intangible fixed assets

	£
Cost
At 1 April 2015	350,000
Additions	-
Disposals	-
Revaluations	-
Transfers	-
At 31 March 2016	350,000
Amortisation
At 1 April 2015	-
Charge for the year	-
On disposals	-
At 31 March 2016	-
Net book values
At 31 March 2016	350,000
At 31 March 2015	350,000

3Tangible fixed assets

	£
Cost
At 1 April 2015	72,069
Additions	1,678
Disposals	-
Revaluations	-
Transfers	-
At 31 March 2016	73,747
Depreciation
At 1 April 2015	54,390
Charge for the year	2,770
On disposals	-
At 31 March 2016	57,160
Net book values
At 31 March 2016	16,587
At 31 March 2015	17,679

4Debtors

	2016 £	2015 £
Debtors include the following amounts due after more than one year	67,881	68,295

5Creditors

	2016 £	2015 £
Secured Debts	275,669	295,721

6Called Up Share Capital
Allotted, called up and fully paid:

	2016 £	2015 £
2 Ordinary shares of £1 each	2	2