GOLDEN_ORB_LIMITED - Accounts

GOLDEN ORB LIMITED - Company Information

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Company Registration No. 03973308 (England and Wales)

GOLDEN ORB LIMITED

ABBREVIATED ACCOUNTS

FOR THE YEAR ENDED 30 JUNE 2014

GOLDEN ORB LIMITED

ABBREVIATED BALANCE SHEET

AS AT

30 JUNE 2014

- 1 -

2014

2013

Notes

Fixed assets

Tangible assets

787

Investments

730,027

738,594

730,028

739,381

Current assets

Debtors

57,593

59,705

Cash at bank and in hand

92,137

86,765

149,730

146,470

Creditors: amounts falling due within one year

(43,675)

(44,007)

Net current assets

106,055

102,463

Total assets less current liabilities

836,083

841,844

Capital and reserves

Called up share capital

100

Profit and loss account

835,983

841,744

Shareholders' funds

836,083

841,844

For the financial year ended 30 June 2014 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.

These abbreviated financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime.

Approved by the Board for issue on 11 November 2014

T D Hogan

Dr E Morrell

Director

Company Registration No. 03973308

GOLDEN ORB LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS

FOR THE YEAR ENDED 30 JUNE 2014

Accounting policies

1.1

Accounting convention

The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008).

1.2

Turnover

Turnover represents the total invoice value, excluding value added tax, of work done during the year.

1.3

Tangible fixed assets and depreciation

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:

Plant and machinery

33 1/3% straight line

Computer equipment

33 1/3% straight line

Fixtures, fittings & equipment

20% straight line

1.4

Investments

Fixed asset investments are stated at cost less provision for diminution in value.

1.5

Foreign currency translation

Monetary assets and liabilities denominated in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are recorded at the rate ruling at the date of the transaction. All differences are taken to profit and loss account.

Fixed assets

Tangible assets

Investments

Total

Cost

At 1 July 2013

17,039

738,594

755,633

Additions

14,374

Disposals

(22,941)

At 30 June 2014

17,039

730,027

747,066

Depreciation

At 1 July 2013

16,252

Charge for the year

786

At 30 June 2014

17,038

Net book value

At 30 June 2014

730,027

730,028

At 30 June 2013

787

738,594

739,381

GOLDEN ORB LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED)

FOR THE YEAR ENDED 30 JUNE 2014

- 3 -

Share capital

2014

2013

Allotted, called up and fully paid

76 A Ordinary shares of £1 each

24 B Ordinary shares of £1 each

100

The A and B Ordinary shares rank pari passu in all repects apart from the entitlement to participate in dividends which are in differing proportions.