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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
Page
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ORCHARD PREP LIMITED Statement of financial position as at 31 March 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
1,329,499 
1,346,164 
Current assets
Debtors
78,000 
61,110 
Cash at bank and in hand
13,730 
52,500 
91,730 
113,610 
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 
Capital and reserves
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
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ORCHARD PREP LIMITED Notes to the Accounts for the year ended 31 March 2023
1
Statutory information
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.
3
Accounting policies
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.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
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
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.
Pension 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
Local government grants are credited to the profit and loss account in the period of account in which they relate.
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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 
Additions
- 
620 
- 
620 
At 31 March 2023
1,350,805 
162,839 
23,946 
1,537,590 
Depreciation
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 
Net book value
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 
5
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
Trade debtors
65,795 
61,110 
Accrued income and prepayments
10,021 
- 
Other debtors
2,184 
- 
78,000 
61,110 
6
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
Bank loans and overdrafts
65,782 
- 
Trade creditors
- 
3,959 
Taxes and social security
- 
3,391 
Other creditors
3,967 
- 
69,749 
7,350 
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 
1,064,768 
1,183,566 
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).
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