Orchard Leasing Limited - Accounts to registrar (filleted) - small 17.3

REGISTERED NUMBER: 08499367 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 APRIL 2018

FOR

ORCHARD LEASING LIMITED

Page

Company Information

1

Abridged Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

J R White

Mrs D J Jones

REGISTERED OFFICE:

Orchard House

33 Rectory Lane

South Leybourne

West Mailing

Kent

ME19 5HA

REGISTERED NUMBER:

08499367 (England and Wales)

ACCOUNTANTS:

Burrells Accountancy Limited

Jubilee House

Jubilee Court

Dersingham

King's Lynn

Norfolk

PE31 6HH

FIXED ASSETS

Intangible assets

3

9,934

19,867

Tangible assets

4

7,808

14,193

17,742

34,060

CURRENT ASSETS

Debtors

9,011

10,458

Cash at bank

3,359

3,554

12,370

14,012

CREDITORS

Amounts falling due within one year

49,319

61,320

NET CURRENT LIABILITIES

(36,949

)

(47,308

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(19,207

)

(13,248

)

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

(19,307

)

(13,348

)

SHAREHOLDERS' FUNDS

(19,207

)

(13,248

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2018.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 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 Statement of Income and Retained Earnings and an abridged Balance Sheet for the year ended 30 April 2018 in accordance with Section 444(2A) of the Companies Act 2006.

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

The financial statements were approved by the Board of Directors on 28 December 2018 and were signed on its behalf by:

J R White - Director

Mrs D J Jones - Director

1.	STATUTORY INFORMATION

Orchard Leasing 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 is measured at the fair value of the consideration received or receivable, excluding discounts,

rebates, value added tax and other sales taxes.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2013, is being amortised evenly over its estimated useful life of six 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.

Motor vehicles

-

30% on cost

Computer equipment

-

30% on cost

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.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at

the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods

different from those in which they are recognised in financial statements. Deferred tax is measured

using tax rates and laws that have been enacted or substantively enacted by the year end and that are

expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable

that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

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.	INTANGIBLE FIXED ASSETS

Totals

£

COST

At 1 May 2017

and 30 April 2018

59,600

AMORTISATION

At 1 May 2017

39,733

Amortisation for year

9,933

At 30 April 2018

49,666

NET BOOK VALUE

At 30 April 2018

9,934

At 30 April 2017

19,867

4.	TANGIBLE FIXED ASSETS

Totals

£

COST

At 1 May 2017

and 30 April 2018

35,031

DEPRECIATION

At 1 May 2017

20,838

Charge for year

6,385

At 30 April 2018

27,223

NET BOOK VALUE

At 30 April 2018

7,808

At 30 April 2017

14,193

5.	ULTIMATE CONTROLLING PARTY

The controlling party is J R White.