Ourden Ltd 09494483 false 2022-10-01 2023-03-31 2023-03-31 The principal activity of the company is that of IT Consultancy Digita Accounts Production Advanced 6.30.9574.0 true 09494483 2022-10-01 2023-03-31 09494483 2023-03-31 09494483 bus:OrdinaryShareClass1 2023-03-31 09494483 core:CurrentFinancialInstruments 2023-03-31 09494483 core:CurrentFinancialInstruments core:WithinOneYear 2023-03-31 09494483 core:OfficeEquipment 2023-03-31 09494483 core:PlantMachinery 2023-03-31 09494483 bus:SmallEntities 2022-10-01 2023-03-31 09494483 bus:AuditExemptWithAccountantsReport 2022-10-01 2023-03-31 09494483 bus:FullAccounts 2022-10-01 2023-03-31 09494483 bus:SmallCompaniesRegimeForAccounts 2022-10-01 2023-03-31 09494483 bus:RegisteredOffice 2022-10-01 2023-03-31 09494483 bus:Director1 2022-10-01 2023-03-31 09494483 bus:Director2 2022-10-01 2023-03-31 09494483 bus:OrdinaryShareClass1 2022-10-01 2023-03-31 09494483 bus:PrivateLimitedCompanyLtd 2022-10-01 2023-03-31 09494483 core:OfficeEquipment 2022-10-01 2023-03-31 09494483 core:PlantMachinery 2022-10-01 2023-03-31 09494483 countries:England 2022-10-01 2023-03-31 09494483 2022-09-30 09494483 core:OfficeEquipment 2022-09-30 09494483 core:PlantMachinery 2022-09-30 09494483 2021-10-01 2022-09-30 09494483 2022-09-30 09494483 bus:OrdinaryShareClass1 2022-09-30 09494483 core:CurrentFinancialInstruments 2022-09-30 09494483 core:CurrentFinancialInstruments core:WithinOneYear 2022-09-30 09494483 core:OfficeEquipment 2022-09-30 09494483 core:PlantMachinery 2022-09-30 iso4217:GBP xbrli:pure xbrli:shares

Registration number: 09494483

Ourden Ltd

Annual Report and Unaudited Financial Statements

for the Period from 1 October 2022 to 31 March 2023

 

Ourden Ltd

Contents

Company Information

1

Balance Sheet

2

Notes to the Unaudited Financial Statements

3 to 6

 

Ourden Ltd

Company Information

Directors

Mr Denis Bailey

Mrs Karen Bailey

Registered office

The Mill
Pury Hill Business Park
Alderton Road
Towcester
Northants
NN12 7LS

Accountants

KRW Accountants Limited
Chartered Accountants & Tax Advisers
The Mill
Pury Hill Business Park
Alderton Road
Towcester
NN12 7LS

 

Ourden Ltd

(Registration number: 09494483)
Balance Sheet as at 31 March 2023

Note

2023
£

2022
£

Fixed assets

 

Tangible assets

4

1,619

3,643

Current assets

 

Debtors

5

-

73

Cash at bank and in hand

 

27,715

31,830

 

27,715

31,903

Creditors: Amounts falling due within one year

6

(4,650)

(4,972)

Net current assets

 

23,065

26,931

Net assets

 

24,684

30,574

Capital and reserves

 

Called up share capital

100

100

Retained earnings

24,584

30,474

Shareholders' funds

 

24,684

30,574

For the financial period ending 31 March 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the period in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime and the option not to file the Profit and Loss Account has been taken.

Approved and authorised by the Board on 28 November 2023 and signed on its behalf by:
 

.........................................
Mr Denis Bailey
Director

 

Ourden Ltd

Notes to the Unaudited Financial Statements for the Period from 1 October 2022 to 31 March 2023

1

General information

The company is a private company limited by share capital, incorporated in England.

The address of its registered office is:
The Mill
Pury Hill Business Park
Alderton Road
Towcester
Northants
NN12 7LS
United Kingdom

These financial statements were authorised for issue by the Board on 28 November 2023.

The company registration number is 09494483

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Tax

The tax expense for the period comprises tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

 

Ourden Ltd

Notes to the Unaudited Financial Statements for the Period from 1 October 2022 to 31 March 2023

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Office equipment

25% straight line

Plant & machinery

25% straight line

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

3

Staff numbers

The average number of persons employed by the company (including directors) during the period, was 2 (2022 - 2).

 

Ourden Ltd

Notes to the Unaudited Financial Statements for the Period from 1 October 2022 to 31 March 2023

4

Tangible assets

Plant and machinery
£

Office equipment
£

Total
£

Cost or valuation

At 1 October 2022

897

14,227

15,124

At 31 March 2023

897

14,227

15,124

Depreciation

At 1 October 2022

673

10,808

11,481

Charge for the period

179

1,845

2,024

At 31 March 2023

852

12,653

13,505

Carrying amount

At 31 March 2023

45

1,574

1,619

At 30 September 2022

224

3,419

3,643

5

Debtors

Current

2023
£

2022
£

Other debtors

-

73

6

Creditors

Creditors: amounts falling due within one year

2023
£

2022
£

Due within one year

Accruals and deferred income

510

510

Other creditors

4,140

4,462

4,650

4,972

 

Ourden Ltd

Notes to the Unaudited Financial Statements for the Period from 1 October 2022 to 31 March 2023

7

Share capital

Allotted, called up and fully paid shares

 

2023

2022

 

No.

£

No.

£

Ordinary of £1 each

100

100

100

100