Orangered Limited - Period Ending 2016-03-31

Company No. 07193288

Orangered Limited

Abbreviated Accounts

Year Ended

31 March 2016
 

Brett Pittwood

Chartered Accountants

Orangered Limited   Accounts Year Ended 31 March 2016

INDEX Page

Abbreviated balance sheet 1

Notes to the abbreviated accounts 2

Orangered Limited Abbreviated balance sheet at 31 March 2016

page 787878787 Company No. 07193288

		Note			2016						2015
Fixed assets
Tangible fixed assets								391						714
Current assets
Debtors					17,427						20,520
Bank balances					30,426						26,179
					47,853						46,699
CREDITORS: amounts falling due within one year					(23,490)						(26,590)
Net current assets								24,363						20,109
Net assets								£24,754						£20,823
Capital and reserves
Called up share capital		3			1						1
Profit and loss account					24,753						20,822
								£24,754						£20,823

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 his 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 director on 19 December 2016

C Brophy
Director

Orangered Limited Notes to the abbreviated accounts   Year Ended 31 March 2016

page 787878787

1	Accounting policies

Basis of preparation

The full financial statements, from which these abbreviated accounts have been extracted, 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, net of value added tax, in respect of the sale of goods and services to customers.

Depreciation

Depreciation is provided on tangible fixed assets so as to write off the cost or valuation, less any estimated residual value, over their expected useful economic life as follows:

Asset class	Depreciation method and rate
Office equipment	33.3% reducing balance

2	Fixed assets

		Tangible assets			Total
Cost
At 1 April 2015		2,254			2,254
Additions		594			594
At 31 March 2016		2,848			2,848
Amortisation
At 1 April 2015		1,540			1,540
Charge for the year		917			917
At 31 March 2016		2,457			2,457
Net book value
At 31 March 2016		£391			£391
At 31 March 2015		£714			£714

3	Share capital

Allotted, called up and fully paid shares

	2016						2015
		No.			£			No.			£
Ordinary shares of £1 each		1			1			1			1