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REGISTERED NUMBER: 03010021 (England and Wales)















Orchard Enterprises (Southern) Limited

Financial Statements for the Year Ended 31st January 2023






Orchard Enterprises (Southern) Limited (Registered number: 03010021)

Contents of the Financial Statements
for the Year Ended 31st January 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Orchard Enterprises (Southern) Limited

Company Information
for the Year Ended 31st January 2023







DIRECTORS: Mrs S J Cullen
D R Groves
P J Cullen





SECRETARY: D R Groves





REGISTERED OFFICE: 5 Culver Road
Bognor Regis
West Sussex
PO22 7EF





REGISTERED NUMBER: 03010021 (England and Wales)





ACCOUNTANTS: Sheen Stickland
Chartered Accountants
2 Oriel Court
Omega Park
Alton
Hampshire
GU34 2YT

Orchard Enterprises (Southern) Limited (Registered number: 03010021)

Balance Sheet
31st January 2023

2023 2022
Notes £    £   
FIXED ASSETS
Tangible assets 4 92,835 99,246

CURRENT ASSETS
Stocks 114,214 1,003,232
Debtors 5 12,141 149,363
Cash at bank 832,988 354,599
959,343 1,507,194
CREDITORS
Amounts falling due within one year 6 (553,143 ) (1,187,122 )
NET CURRENT ASSETS 406,200 320,072
TOTAL ASSETS LESS CURRENT
LIABILITIES

499,035

419,318

PROVISIONS FOR LIABILITIES 7 (25,559 ) (19,617 )
NET ASSETS 473,476 399,701

CAPITAL AND RESERVES
Called up share capital 8 250,002 250,002
Retained earnings 223,474 149,699
SHAREHOLDERS' FUNDS 473,476 399,701

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st January 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st January 2023 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.

Orchard Enterprises (Southern) Limited (Registered number: 03010021)

Balance Sheet - continued
31st January 2023


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

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

The financial statements were approved by the Board of Directors and authorised for issue on 20th October 2023 and were signed on its behalf by:





D R Groves - Director


Orchard Enterprises (Southern) Limited (Registered number: 03010021)

Notes to the Financial Statements
for the Year Ended 31st January 2023


1. STATUTORY INFORMATION

Orchard Enterprises (Southern) 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 Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover represent amounts invoiced during the year excluding value added tax.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Freehold property - 2% on cost of buildings
Equipment - 25% on reducing balance
Motor vehicles - 25% on reducing balance
Office equipment - 25% on reducing balance

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

Work in progress is valued on the basis of direct costs plus attributable overheads based on normal level of activity. Provision is made for any foreseeable losses where appropriate.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and Loss Account and Statement of Retained Earnings, 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.


Orchard Enterprises (Southern) Limited (Registered number: 03010021)

Notes to the Financial Statements - continued
for the Year Ended 31st January 2023


2. ACCOUNTING POLICIES - continued
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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2022 - 3 ) .

4. TANGIBLE FIXED ASSETS
Freehold Motor Office
property Equipment vehicles equipment Totals
£    £    £    £    £   
COST
At 1st February 2022
and 31st January 2023 85,000 43,648 52,425 6,161 187,234
DEPRECIATION
At 1st February 2022 9,000 42,400 31,040 5,548 87,988
Charge for year 600 312 5,346 153 6,411
At 31st January 2023 9,600 42,712 36,386 5,701 94,399
NET BOOK VALUE
At 31st January 2023 75,400 936 16,039 460 92,835
At 31st January 2022 76,000 1,248 21,385 613 99,246

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 5,496 125,083
Other debtors - 56
Tax - 13,373
VAT - 4,370
Prepayments and accrued income 6,645 6,481
12,141 149,363

Orchard Enterprises (Southern) Limited (Registered number: 03010021)

Notes to the Financial Statements - continued
for the Year Ended 31st January 2023


6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 19,133 27,045
Tax 22,311 11,459
Social security and other taxes 2,487 5,810
VAT 1,422 -
Other creditors 1,861 284,201
Directors' current accounts 502,851 855,369
Accruals and deferred income 3,078 3,238
553,143 1,187,122

7. PROVISIONS FOR LIABILITIES
2023 2022
£    £   
Deferred tax 4,359 4,417
Other provisions 21,200 15,200
25,559 19,617

Deferred Other
tax provisions
£    £   
Balance at 1st February 2022 4,417 15,200
Provided during year (58 ) -
Balance at 31st January 2023 4,359 15,200

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
2 A Ordinary £1 2 2
250,000 B Ordinary £1 250,000 250,000
250,002 250,002

The A ordinary shares and the B ordinary shares rank pari passu in all respects.