SC320198falsethat of the provision of orthodontic services2022-04-012023-03-31http://www.companieshouse.gov.uk/2022-03-31http://www.companieshouse.gov.uk/pt:PlantMachinery2022-03-31http://www.companieshouse.gov.uk/pt:ShareCapital2022-03-31http://www.companieshouse.gov.uk/cd:Director12022-04-012023-03-31http://www.companieshouse.gov.uk/pt:PlantMachinery2023-03-31http://www.companieshouse.gov.uk/pt:ShareCapital2023-03-31http://www.companieshouse.gov.uk/cd:Director22022-04-012023-03-31http://www.companieshouse.gov.uk/pt:ToolsEquipment2022-03-31http://www.companieshouse.gov.uk/cd:OrdinaryShareClass12022-04-012023-03-31http://www.companieshouse.gov.uk/pt:ToolsEquipment2023-03-31http://www.companieshouse.gov.uk/cd:RegisteredOffice2022-04-012023-03-31http://www.companieshouse.gov.uk/cd:OrdinaryShareClass22022-04-012023-03-31http://www.companieshouse.gov.uk/cd:OrdinaryShareClass32022-04-012023-03-31http://www.companieshouse.gov.uk/pt:NetGoodwill2023-03-31http://www.companieshouse.gov.uk/cd:AuditExemptWithAccountantsReport2022-04-012023-03-31http://www.companieshouse.gov.uk/cd:OrdinaryShareClass42022-04-012023-03-31http://www.companieshouse.gov.uk/cd:OrdinaryShareClass52022-04-012023-03-31http://www.companieshouse.gov.uk/pt:CurrentFinancialInstruments2023-03-31http://www.companieshouse.gov.uk/pt:NetGoodwill2022-04-012023-03-31http://www.companieshouse.gov.uk/pt:CurrentFinancialInstruments2022-03-31http://www.companieshouse.gov.uk/2022-04-012023-03-31http://www.companieshouse.gov.uk/2022-03-31http://www.companieshouse.gov.uk/cd:FRS1022022-04-012023-03-31http://www.companieshouse.gov.uk/2023-03-31http://www.companieshouse.gov.uk/cd:FullAccounts2022-04-012023-03-31http://www.companieshouse.gov.uk/cd:PrivateLimitedCompanyLtd2022-04-012023-03-31iso4217:GBPxbrli:sharesxbrli:pure
Registered number: SC320198

Wild Orchids Limited

ACCOUNTS
FOR THE YEAR ENDED 31/03/2023

Prepared By:
Jackson & Green Accountants, Business & Tax Advisers
81 High Street
Cosham
Hampshire
PO6 3BL

Wild Orchids Limited

ACCOUNTS
FOR THE YEAR ENDED 31/03/2023
DIRECTORS
Ms C Stone
Mr G J Campbell
SECRETARY
Ms C Stone
REGISTERED OFFICE
Flat 2/2
1 Lawrence Street
Glasgow
G11 5HH
COMPANY DETAILS
Private company limited by shares registered in SC - Scotland, registered number SC320198
ACCOUNTANTS
Jackson & Green Accountants, Business & Tax Advisers
81 High Street
Cosham
Hampshire
PO6 3BL

Wild Orchids Limited

ACCOUNTS
FOR THEYEARENDED31/03/2023
CONTENTS
Page
Directors' Report-
Strategic Report-
Accountants' Report-
Statement Of Comprehensive Income-
Balance Sheet3
Notes To The Accounts5
The following do not form part of the statutory financial statements:
Trading And Profit And Loss Account-
Profit And Loss Account Summaries-

Wild Orchids Limited

BALANCE SHEET AT 31/03/2023
20232022
Notes££
FIXED ASSETS
Tangible assets437,83550,446
CURRENT ASSETS
Stock11,3277,553
Debtors6286,358328,365
Cash at bank and in hand556,857407,783
854,542743,701
CREDITORS: Amounts falling due within one year7201,380121,386
NET CURRENT ASSETS653,162622,315
TOTAL ASSETS LESS CURRENT LIABILITIES690,997672,761
PROVISIONS FOR LIABILITIES AND CHARGES85,6426,047
NET ASSETS685,355666,714
CAPITAL AND RESERVES
Called up share capital9204204
Profit and loss account685,151666,510
SHAREHOLDERS' FUNDS685,355666,714

Wild Orchids Limited

BALANCE SHEET AT 31/03/2023
For the year ending 31/03/2023 the company was entitled to exemption 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.
The directors have decided not to deliver to the registrar a copy of the company's profit and loss account.
Approved by the board on 14/07/2023 and signed on their behalf by
.............................
Ms C Stone
Director
.............................
Mr G Campbell
Director

Wild Orchids Limited

NOTES TO THE ACCOUNTS
FOR THE YEAR ENDED 31/03/2023
1. ACCOUNTING POLICIES
1a. Basis Of Accounting FRS 1021 a
Wild Orchids Ltd is a private company limited by shares and is registered and incorporated in Scotland. The registered office is Flat 2/2, 1 Lawrence Street, Glasgow, G11 5HH. The principal activity of the company in the year under review was that of the provision of orthodontic services.
The accounts have been prepared under the historical cost convention and in accordance with FRS102 section 1a - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006as applicable to the small company regime. The disclosure requirements of Section 1a of FRS have been applied other than where additional disclosure is required to show a true and fair view.
The financial statements are prepared in pounds sterling, the functional currency of the company. Monetary amounts in the financial statements are rounded to the nearest £.
1b. Depreciation
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives. The gain or loss arising on the disposal of an asset is determined as the difference between the sales proceeds and the carrying value of the asset, and is credited or charged to the profit or loss.
Plant and Machineryreducing balance 25%
Equipmentreducing balance 25%
1c. Stocks
Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell (net realisable value). Costs, which comprise direct production costs, are based on the method most appropriate to the type of inventory class, but usually on a first-in-first-out basis. Overheads are charged to profit or loss as incurred. Net realisable value is based on the estimated selling price less any estimated completion or selling costs.
When stocks are sold, the carrying amount of those stocks is recognised as an expense in the period in which the related revenue is recognised. The amount of any write-down of stocks to net realisable value and all losses of stocks are recognised as an expense in the period in which the write-down or loss occurs. The amount of any reversal of any write-down of stocks is recognised as a reduction in the amount of stocks recognised as an expense in the period in which the reversal occurs.
1d. Pension Costs and Employee Benefits

The company operates a defined contribution pension scheme. Contributions are charged to the profit and loss account as they become payable in accordance with the rules of the scheme.

The costs of short term employee benefits are recognised as a liability and an expense, unless those costs are required to be recognised as part of the cost of stock or fixed assets.

The cost of any unused holiday entitlement is recognised in the period in which the employee's services are received.

Termination benefits are recognised immediately as an expense when the company is demonstrably committed to terminate the employment of an employee or to provide termination benefits.


Wild Orchids Limited

1e. Goodwill
Amortisation is charged so as to allocate the cost of intangibles less their residual values over their estimated useful lives, using the straight-line method. The intangible assets are amortised over the following useful economic lives:
- Goodwill 10 years
If there is an indication that there has been a significant change in amortisation rate or residual value of an asset, the amortisation of that asset is revised prospectively to reflect the new expectations.
1f. Government Grants
Government grants are recognised in profit and loss in the year in which they are received.
2. EMPLOYEES
20232022
No.No.
Average number of employees2724
3. INTANGIBLE FIXED ASSETS
Purchased
GoodwillTotal
££
Cost
At 01/04/20224,400,0004,400,000
At 31/03/20234,400,0004,400,000
Depreciation
At 01/04/20224,400,0004,400,000
At 31/03/20234,400,0004,400,000
Net Book Amounts
At 31/03/2023--

Wild Orchids Limited

4. TANGIBLE FIXED ASSETS
Plant and
MachineryEquipmentTotal
£££
Cost
At 01/04/2022840,50529,433869,938
At 31/03/2023840,50529,433869,938
Depreciation
At 01/04/2022802,88916,603819,492
For the year9,4043,20712,611
At 31/03/2023812,29319,810832,103
Net Book Amounts
At 31/03/202328,2129,62337,835
At 31/03/202237,61612,83050,446
5. STOCK 20232022
££
Stock comprises:
Stock11,3277,553
11,3277,553
6. DEBTORS 20232022
££
Amounts falling due within one year
Trade debtors126,347142,511
Other debtors-25,891
Associated company156,28536,470
Prepayments3,7263,471
286,358208,343
Amounts falling due over more than one year
Long term debtor-120,022
-120,022
286,358328,365
Included within debtors is an amount of £156,285 (2022 - £36,470) owed by an associated company. The directors are both directors and shareholders of this company. The intercompany loan has been made interest free and is repayable on demand.

Wild Orchids Limited

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
20232022
££
UK corporation tax104,54148,654
PAYE control12,2915,648
Pension control3,2082,060
Directors current account871,529
Credit card37,00329,933
Trade creditors40,59629,970
Accruals3,6543,592
201,380121,386
8. PROVISIONS FOR LIABILITIES 20232022
££
Deferred taxation5,6426,047
5,6426,047
9. SHARE CAPITAL 20232022
££
Allotted, issued and fully paid:
100 Ordinary A Shares of £1 each100100
100 Ordinary B Shares of £1 each100100
1 Ordinary C Shares of £1 each11
1 Ordinary D Shares of £1 each11
1 Ordinary E Shares of £1 each11
1 Ordinary F Shares of £1 each11
204204
10. CONTROLLING PARTY
The company is controlled equally by the directors Ms C Stone and Mr G J Campbell. Both directors are registered as persons with significant control.

Wild Orchids Limited

11. RELATED PARTY TRANSACTIONS
The company paid rent totalling £130,185 (2022 - £130,185) to an associated company during the period of which the directors are both registered as persons with significant control.
Turnover is partly derived from NSS income awarded to a named officer of the company. The contracts pre-date incorporation and were recognised within the initial transfer of goodwill.