Oradi Limited - Accounts to registrar (filleted) - small 18.1

Oradi Limited - Accounts to registrar (filleted) - small 18.1

ORADI LTD - Company Information

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REGISTERED NUMBER: 06021598 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2018

FOR

ORADI LIMITED
ORADI LIMITED (REGISTERED NUMBER: 06021598)






CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 31 March 2018




Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 3


ORADI LIMITED

COMPANY INFORMATION
for the Year Ended 31 March 2018







DIRECTORS: Mr P Vaid
Mr S D Shah
Mr S Radia





REGISTERED OFFICE: Aston House
Cornwall Avenue
London
N3 1LF





REGISTERED NUMBER: 06021598 (England and Wales)





ACCOUNTANTS: Wright & Co Partnership Limited
Chartered Accountants
5 Walsall Street
Wednesbury
West Midlands
WS10 9BZ
Page 1
ORADI LIMITED (REGISTERED NUMBER: 06021598)

ABRIDGED BALANCE SHEET
31 March 2018

2018 2017
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 21,300 42,600
Tangible assets 5 881,798 1,019,718
903,098 1,062,318

CURRENT ASSETS
Stocks 7,000 7,000
Debtors 750,001 104,580
Cash at bank and in hand 439,923 956,620
1,196,924 1,068,200
CREDITORS
Amounts falling due within one year 212,677 380,412
NET CURRENT ASSETS 984,247 687,788
TOTAL ASSETS LESS CURRENT
LIABILITIES
1,887,345
1,750,106

CREDITORS
Amounts falling due after more than one year - 73,542
NET ASSETS 1,887,345 1,676,564

CAPITAL AND RESERVES
Called up share capital 12,200 12,200
Retained earnings 1,875,145 1,664,364
SHAREHOLDERS' FUNDS 1,887,345 1,676,564

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2018.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2018 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each
financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and
which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as
applicable to the company.

The financial statements have been prepared and delivered in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

All the members have consented to the preparation of an abridged Balance Sheet for the year ended 31 March 2018 in accordance with Section 444(2A) of the Companies Act 2006.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors on 20 May 2018 and were signed on its behalf by:




Mr P Vaid - Director


The notes form part of these financial statements

Page 2
ORADI LIMITED (REGISTERED NUMBER: 06021598)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 31 March 2018

1. STATUTORY INFORMATION

Oradi Limited is a private company, limited by shares , registered in England and Wales. The company's registered number
and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

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

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2008, is being amortised evenly over its estimated useful life of ten years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any
accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant & machinery - 25% on reducing balance
Fixtures & fittings - 25% on reducing balance

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving
items.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent
that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively
enacted by the balance sheet date.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are
charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 44 (2017 - 44 ) .

Page 3 continued...
ORADI LIMITED (REGISTERED NUMBER: 06021598)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 March 2018

4. INTANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 April 2017
and 31 March 2018 213,000
AMORTISATION
At 1 April 2017 170,400
Amortisation for year 21,300
At 31 March 2018 191,700
NET BOOK VALUE

At 31 March 2018 21,300
At 31 March 2017 42,600

5. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 April 2017 2,264,126
Additions 65,995
At 31 March 2018 2,330,121
DEPRECIATION
At 1 April 2017 1,244,408
Charge for year 203,915
At 31 March 2018 1,448,323
NET BOOK VALUE
At 31 March 2018 881,798
At 31 March 2017 1,019,718

Page 4