Abbreviated Company Accounts - ORCHARD PHARM LIMITED

ORCHARD PHARM LIMITED - Company Information

04600653 ORCHARD PHARM LIMITED 2014-03-31 false 2013-04-01 2014-03-31 true 04600653 2013-04-01 2014-03-31 04600653 2014-03-31 04600653 2013-03-31 04600653 uk-gaap-cd-bus:Director1 2013-04-01 2014-03-31 04600653 uk-gaap-cd-bus:Director2 2013-04-01 2014-03-31 uk-gaap-cd-bus:OrdinaryShareClass1 2013-04-01 2014-03-31 uk-gaap-cd-bus:OrdinaryShareClass1 2014-03-31 uk-gaap-cd-bus:OrdinaryShareClass1 2013-03-31 iso4217:GBP shares

Registered Number 04600653

ORCHARD PHARM LIMITED

Abbreviated Accounts

31 March 2014

ORCHARD PHARM LIMITED Registered Number 04600653

Abbreviated Balance Sheet as at 31 March 2014

	Notes	2014	2013
		£	£
Fixed assets
Intangible assets	2	350,000	350,000
Tangible assets	3	20,417	23,863
		370,417	373,863
Current assets
Stocks		38,000	40,000
Debtors	4	68,843	66,744
Cash at bank and in hand		29,267	54,145
		136,110	160,889
Creditors: amounts falling due within one year	5	(317,326)	(364,089)
Net current assets (liabilities)		(181,216)	(203,200)
Total assets less current liabilities		189,201	170,663
Total net assets (liabilities)		189,201	170,663
Capital and reserves
Called up share capital	6	2	2
Profit and loss account		189,199	170,661
Shareholders' funds		189,201	170,663

For the year ending 31 March 2014 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 20 November 2014

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 2014

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 - Straightline over the life of the lease
Fixtures,fittings - 15% reducing balance basis
and 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 statement to give a true and fair view,they consider it inappropriate to amortise its value.

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

2Intangible fixed assets

	£
Cost
At 1 April 2013	350,000
Additions	-
Disposals	-
Revaluations	-
Transfers	-
At 31 March 2014	350,000
Amortisation
At 1 April 2013	-
Charge for the year	-
On disposals	-
At 31 March 2014	-
Net book values
At 31 March 2014	350,000
At 31 March 2013	350,000

3Tangible fixed assets

	£
Cost
At 1 April 2013	71,844
Additions	-
Disposals	-
Revaluations	-
Transfers	-
At 31 March 2014	71,844
Depreciation
At 1 April 2013	47,981
Charge for the year	3,446
On disposals	-
At 31 March 2014	51,427
Net book values
At 31 March 2014	20,417
At 31 March 2013	23,863

4Debtors

	2014 £	2013 £
Debtors include the following amounts due after more than one year	68,843	66,744

5Creditors

	2014 £	2013 £
Secured Debts	317,326	364,089

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

	2014 £	2013 £
2 Ordinary shares of £1 each	2	2