Orchard Autos Limited - Limited company - abbreviated - 11.6

REGISTERED NUMBER: 04330841 (England and Wales)

ORCHARD AUTOS LIMITED

ABBREVIATED UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 APRIL 2014

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTORS:

P J Manwaring

G C Manwaring

SECRETARY:

P J Manwaring

REGISTERED OFFICE:

19/21 Swan Street

West Malling

Kent

ME19 6JU

REGISTERED NUMBER:

04330841 (England and Wales)

ACCOUNTANTS:

Perrys Accountants Limited

Chartered Accountants

34 Threadneedle Street

London

EC2R 8AY

FIXED ASSETS

Tangible assets

2

513,967

506,289

CURRENT ASSETS

Debtors

50,689

52,479

Cash at bank

10,774

19,229

61,463

71,708

CREDITORS

Amounts falling due within one year

42,033

41,224

NET CURRENT ASSETS

19,430

30,484

TOTAL ASSETS LESS CURRENT LIABILITIES

533,397

536,773

CREDITORS

Amounts falling due after more than one year

3

(393,940

)

(410,248

)

PROVISIONS FOR LIABILITIES

(7,286

)

(6,653

)

NET ASSETS

132,171

119,872

CAPITAL AND RESERVES

Called up share capital

4

102

102

Profit and loss account

132,069

119,770

SHAREHOLDERS' FUNDS

132,171

119,872

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2014.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 2014 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 abbreviated accounts have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.

The financial statements were approved by the Board of Directors on 21 January 2015 and were signed on its behalf by:

P J Manwaring - Director

1.	ACCOUNTING POLICIES

Accounting convention

The financial statements have been prepared under the historical cost convention and in accordance

with the Financial Reporting Standard for Smaller Entities (effective April 2008).

Turnover

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

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life.

Freehold property

-

Straight line over 50 years

Plant and machinery

-

20% on reducing balance

Fixtures and fittings

-

25% on reducing balance

Deferred tax

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

the balance sheet date.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 May 2013

634,669

Additions

21,224

At 30 April 2014

655,893

DEPRECIATION

At 1 May 2013

128,380

Charge for year

13,546

At 30 April 2014

141,926

NET BOOK VALUE

At 30 April 2014

513,967

At 30 April 2013

506,289

3.

CREDITORS

Creditors include the following debts falling due in more than five years:

2014

2013

£

£

Repayable by instalments

265,704

284,008

4.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2014

2013

value:

£

£

100

Ordinary

£1

100

100

1

Ordinary A

£1

1

1

1

Ordinary B

£1

1

1

102

102

5.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES