ORCHARD_AUTOS_LIMITED - Accounts


Company Registration No. 04330841 (England and Wales)
ORCHARD AUTOS LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2017
PAGES FOR FILING WITH REGISTRAR
ORCHARD AUTOS LIMITED
COMPANY INFORMATION
Directors
Mrs P J Manwaring
Mr G  Manwaring
Secretary
Mrs P J Manwaring
Company number
04330841
Registered office
19-21 Swan Street
West Malling
Kent
ME19 6JU
Accountants
Perrys Accountants Limited
Chartered Accountants
34 Threadneedle Street
London
EC2R 8AY
ORCHARD AUTOS LIMITED
CONTENTS
Page
Balance sheet
1 - 2
Notes to the financial statements
3 - 5
ORCHARD AUTOS LIMITED (REGISTERED NUMBER: 04330841)
BALANCE SHEET
AS AT
30 APRIL 2017
30 April 2017
- 1 -
2017
2016
Notes
£
£
£
£
Fixed assets
Tangible assets
3
499,405
508,452
Current assets
Debtors
4
34,401
38,985
Cash at bank and in hand
35,376
38,849
69,777
77,834
Creditors: amounts falling due within one year
5
(97,227)
(105,663)
Net current liabilities
(27,450)
(27,829)
Total assets less current liabilities
471,955
480,623
Creditors: amounts falling due after more than one year
6
(276,706)
(296,895)
Provisions for liabilities
(5,380)
(6,579)
Net assets
189,869
177,149
Capital and reserves
Called up share capital
7
102
102
Profit and loss reserves
189,767
177,047
Total equity
189,869
177,149

The directors of the company have elected not to include a copy of the profit and loss account within the financial statements.true

For the financial year ended 30 April 2017 the company was entitled to exemption from audit under section 477 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 financial statements.

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.

ORCHARD AUTOS LIMITED (REGISTERED NUMBER: 04330841)
BALANCE SHEET (CONTINUED)
AS AT
30 APRIL 2017
30 April 2017
- 2 -

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

The financial statements were approved by the board of directors and authorised for issue on 16 November 2017 and are signed on its behalf by:
Mrs P J Manwaring
Director
ORCHARD AUTOS LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2017
- 3 -
1
Accounting policies
Company information

Orchard Autos Limited is a private company limited by shares incorporated in England and Wales. The registered office is 19-21 Swan Street, West Malling, Kent, ME19 6JU.

1.1
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

1.2
Turnover

Turnover represents net invoiced sales of services, excluding value added tax.

1.3
Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Freehold property
Straight line over 50 years
Improvements to property
Straight line over 50 years
Plant and machinery
20% on reducing balance
Fixtures, fittings & equipment
25% on reducing balance
1.4
Taxation
Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

2
Employees

The average monthly number of persons (including directors) employed by the company during the year was 2 (2016 - 2).

ORCHARD AUTOS LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 APRIL 2017
- 4 -
3
Tangible fixed assets
Land and buildings Freehold
Land and buildings Leasehold
Plant and machinery
Fixtures, fittings & equipment
Total
£
£
£
£
£
Cost
At 1 May 2016
476,434
4,634
185,909
9,962
676,939
Additions
-
-
988
-
988
At 30 April 2017
476,434
4,634
186,897
9,962
677,927
Depreciation and impairment
At 1 May 2016
12,471
186
149,190
6,641
168,488
Depreciation charged in the year
1,569
93
7,542
830
10,034
At 30 April 2017
14,040
279
156,732
7,471
178,522
Carrying amount
At 30 April 2017
462,394
4,355
30,165
2,491
499,405
At 30 April 2016
463,963
4,448
36,720
3,321
508,452
4
Debtors
2017
2016
Amounts falling due within one year:
£
£
Other debtors
34,401
38,985
5
Creditors: amounts falling due within one year
2017
2016
£
£
Bank loans and overdrafts
17,527
16,664
Corporation tax
21,137
21,106
Other taxation and social security
4,800
4,800
Other creditors
53,763
63,093
97,227
105,663
ORCHARD AUTOS LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 APRIL 2017
- 5 -
6
Creditors: amounts falling due after more than one year
2017
2016
£
£
Bank loans and overdrafts
276,706
295,095
Other creditors
-
1,800
276,706
296,895
7
Called up share capital
2017
2016
£
£
Ordinary share capital
Issued and fully paid
100 Ordinary of £1 each
100
100
1 Ordinary A of £1 each
1
1
1 Ordinary B of £1 each
1
1
102
102
8
Related party disclosures

During the year, the company sold services totalling £96,000 and charged a rent of £43,200 to Orchard Garage Limited, a company under common control. At the year end the company was owed £33,777 by Orchard Garage Limited.

 

9
Directors'  advances, credits and guarentees

During the year the directors received dividends totalling £65,680

 

Included in other creditors is a directors' loan account of £3,384.

 

 

10
Parent company

No one individual has control of the company.

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