Company Registration No. 08260830 (England and Wales)
ORCHARD PREP LIMITED
Unaudited accounts for filing with the registrar
for the year ended 31 March 2023
ORCHARD PREP LIMITED
Unaudited accounts for filing with the registrar
Contents
ORCHARD PREP LIMITED
Statement of financial position
as at 31 March 2023
Tangible assets
1,329,499
1,346,164
Cash at bank and in hand
13,730
52,500
Creditors: amounts falling due within one year
(69,749)
(7,350)
Net current assets
21,981
106,260
Total assets less current liabilities
1,351,480
1,452,424
Creditors: amounts falling due after more than one year
(1,064,768)
(1,183,566)
Provisions for liabilities
Other provisions
(47,508)
-
Net assets
239,204
268,858
Called up share capital
1,000
1,000
Profit and loss account
238,204
267,858
Shareholders' funds
239,204
268,858
For the year ending 31 March 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 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 accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 10 November 2023 and were signed on its behalf by
David Burton
Director
Company Registration No. 08260830
ORCHARD PREP LIMITED
Notes to the Accounts
for the year ended 31 March 2023
ORCHARD PREP LIMITED is a private company, limited by shares, registered in England and Wales, registration number 08260830. The registered office is ORCHARD SCHOOL, HIGHAM ROAD, BARTON-LE-CLAY, BEDS, MK45 4RB.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Land & buildings
4% Reducing Balance
Motor vehicles
18% Reducing Balance
Fixtures & fittings
18% / 4% Reducing Balance
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
Local government grants are credited to the profit and loss account in the period of account in which they relate.
ORCHARD PREP LIMITED
Notes to the Accounts
for the year ended 31 March 2023
4
Tangible fixed assets
Land & buildings
Plant & machinery
Motor vehicles
Total
Cost or valuation
At cost
At cost
At cost
At 1 April 2022
1,350,805
162,219
23,946
1,536,970
At 31 March 2023
1,350,805
162,839
23,946
1,537,590
At 1 April 2022
63,700
104,402
22,704
190,806
Charge for the year
9,510
7,551
224
17,285
At 31 March 2023
73,210
111,953
22,928
208,091
At 31 March 2023
1,277,595
50,886
1,018
1,329,499
At 31 March 2022
1,287,105
57,817
1,242
1,346,164
Amounts falling due within one year
Trade debtors
65,795
61,110
Accrued income and prepayments
10,021
-
6
Creditors: amounts falling due within one year
2023
2022
Bank loans and overdrafts
65,782
-
Taxes and social security
-
3,391
7
Creditors: amounts falling due after more than one year
2023
2022
Bank loans
575,715
676,948
Loans from directors
489,053
506,618
8
Transactions with related parties
As at 31 March 2023 loans owed to the directors totalled £489,053 (2022: £506,618). This loan is interest free and repayable on demand.
9
Average number of employees
During the year the average number of employees was 31 (2022: 29).