Registered number
06166811
Orwell Flooring Limited
Filleted Accounts
5 April 2023
Orwell Flooring Limited
Registered number: 06166811
Balance Sheet
as at 5 April 2023
Notes 2023 2022
£ £
Fixed assets
Tangible assets 3 43,644 57,477
Current assets
Stocks 6,000 5,000
Debtors 4 198,410 152,388
Cash at bank and in hand 365,600 209,273
570,010 366,661
Creditors: amounts falling due within one year 5 (201,118) (132,437)
Net current assets 368,892 234,224
Net assets 412,536 291,701
Capital and reserves
Called up share capital 8 8
Profit and loss account 412,528 291,693
Shareholders' funds 412,536 291,701
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
William Richard Orwell
Director
Approved by the board on 6 September 2023
Orwell Flooring Limited
Notes to the Accounts
for the year ended 5 April 2023
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. 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.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Plant and machinery 25% reducing balance
Motor vehicles 25% reducing balance
Investments
Investments in subsidiaries, associates and joint ventures are measured at cost less any accumulated impairment losses. Listed investments are measured at fair value. Unlisted investments are measured at fair value unless the value cannot be measured reliably, in which case they are measured at cost less any accumulated impairment losses. Changes in fair value are included in the profit and loss account.
Foreign currency translation
Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.
2 Employees 2023 2022
Number Number
Average number of persons employed by the company 3 3
3 Tangible fixed assets
Plant and machinery etc Motor vehicles Total
£ £ £
Cost
At 6 April 2022 52,742 101,309 154,051
Additions 716 - 716
At 5 April 2023 53,458 101,309 154,767
Depreciation
At 6 April 2022 36,844 59,730 96,574
Charge for the year 4,154 10,395 14,549
At 5 April 2023 40,998 70,125 111,123
Net book value
At 5 April 2023 12,460 31,184 43,644
At 5 April 2022 15,898 41,579 57,477
4 Debtors 2023 2022
£ £
Trade debtors 112,689 51,635
Corporation tax recoverable - 15,871
Other debtors 85,721 84,882
198,410 152,388
5 Creditors: amounts falling due within one year 2023 2022
£ £
Trade creditors 88,301 110,580
Taxation and social security costs 33,160 8,466
Directors loan account 794 933
Other creditors 78,863 12,458
201,118 132,437
6 Other information
Orwell Flooring Limited is a private company limited by shares and incorporated in England. Its registered office is:
Bank Chambers
1-3 Woodford Avenue
Gants Hill, Ilford
Essex
IG2 6UF
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