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REGISTERED NUMBER: 05987732















Unaudited Financial Statements for the Year Ended 31 March 2023

for

Orford Hill Limited

Orford Hill Limited (Registered number: 05987732)






Contents of the Financial Statements
for the Year Ended 31 March 2023




Page

Company Information 1

Balance Sheet 2 to 3

Notes to the Financial Statements 4 to 6


Orford Hill Limited

Company Information
for the Year Ended 31 March 2023







DIRECTOR: C K Moolman





SECRETARY: Mrs J Moolman





REGISTERED OFFICE: Suite 1
Concept House
23 Billet Lane
Hornchurch
Essex
RM11 1XP





REGISTERED NUMBER: 05987732





ACCOUNTANTS: Havard & Associates
Suite 1
Concept House
23 Billet Lane
Hornchurch
Essex
RM11 1XP

Orford Hill Limited (Registered number: 05987732)

Balance Sheet
31 March 2023

31.3.23 31.3.22
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 118,664 148,331
Tangible assets 5 13,272 7,504
131,936 155,835

CURRENT ASSETS
Stocks 4,454 3,116
Debtors 6 67,678 54,596
Cash at bank and in hand 172,136 178,748
244,268 236,460
CREDITORS
Amounts falling due within one year 7 72,681 79,223
NET CURRENT ASSETS 171,587 157,237
TOTAL ASSETS LESS CURRENT
LIABILITIES

303,523

313,072

CREDITORS
Amounts falling due after more than one
year

8

(129,077

)

(156,717

)

PROVISIONS FOR LIABILITIES (2,276 ) (1,819 )
NET ASSETS 172,170 154,536

CAPITAL AND RESERVES
Called up share capital 9 150 150
Retained earnings 172,020 154,386
SHAREHOLDERS' FUNDS 172,170 154,536

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

Orford Hill Limited (Registered number: 05987732)

Balance Sheet - continued
31 March 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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 8 November 2023 and were signed by:





C K Moolman - Director


Orford Hill Limited (Registered number: 05987732)

Notes to the Financial Statements
for the Year Ended 31 March 2023

1. STATUTORY INFORMATION

Orford Hill Limited is a private company, limited by shares , registered in Not specified/Other. 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 is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Goodwill
Goodwill of £444,998 was purchased from an unrelated third party on 1st August 2012. Goodwill is amortised at 6.67% per annum using the straight line method.

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.
Plant and machinery etc - 33% on cost and 20% on reducing balance

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

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.

Orford Hill Limited (Registered number: 05987732)

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

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 11 (2022 - 8 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 April 2022
and 31 March 2023 444,998
AMORTISATION
At 1 April 2022 296,667
Charge for year 29,667
At 31 March 2023 326,334
NET BOOK VALUE
At 31 March 2023 118,664
At 31 March 2022 148,331

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 April 2022 54,195
Additions 8,941
At 31 March 2023 63,136
DEPRECIATION
At 1 April 2022 46,691
Charge for year 3,173
At 31 March 2023 49,864
NET BOOK VALUE
At 31 March 2023 13,272
At 31 March 2022 7,504

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.23 31.3.22
£    £   
Trade debtors 18,256 16,010
Other debtors 49,422 38,586
67,678 54,596

Orford Hill Limited (Registered number: 05987732)

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

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.23 31.3.22
£    £   
Bank loans and overdrafts 23,400 23,400
Trade creditors 13,993 13,005
Taxation and social security 32,864 40,313
Other creditors 2,424 2,505
72,681 79,223

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.3.23 31.3.22
£    £   
Bank loans 129,077 156,717

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.3.23 31.3.22
value: £    £   
150 Ordinary 150 150 150

10. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

Overdrawn directors current account balances at the reporting date totalled £29,452. Furthermore, a long term directors loan in the sum of £15,975 is also owed to the company. Where appropriate, interest has been charged on these amounts at a rate of 2.5% P.A using a methodology accepted by the U.K. tax authority.