Company Registration No. 07247401 (England and Wales)
Orchard Tea Garden Limited
Unaudited accounts for filing with The Registrar
for the year ended 31 March 2023
Orchard Tea Garden Limited
Unaudited accounts for filing with The Registrar
Contents
Orchard Tea Garden Limited
Company Information
for the year ended 31 March 2023
Directors
M Kovacevich
Ms L Birkett
Company Number
07247401 (England and Wales)
Registered Office
47 Mill Way
Grantchester
Cambridge
CB3 9ND
ENGLAND
Accountants
Andrew Yaras & Co.
2 Fishpool Street
St Albans
Herts
AL3 4RT
Orchard Tea Garden Limited
Statement of financial position
as at 31 March 2023
Tangible assets
80,272
77,007
Cash at bank and in hand
18,572
9,884
Creditors: amounts falling due within one year
(272,897)
(133,194)
Net current liabilities
(244,613)
(95,295)
Total assets less current liabilities
(164,341)
(18,288)
Creditors: amounts falling due after more than one year
-
(33,916)
Net liabilities
(164,341)
(52,204)
Called up share capital
1
1
Profit and loss account
(164,342)
(52,205)
Shareholders' funds
(164,341)
(52,204)
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.
The members have agreed to the preparation of abridged accounts for the year in accordance with Section 444(2A).
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 23 March 2024 and were signed on its behalf by
Ms L Birkett
Director
Company Registration No. 07247401
Orchard Tea Garden Limited
Notes to the Accounts
for the year ended 31 March 2023
Orchard Tea Garden Limited is a private company, limited by shares, registered in England and Wales, registration number 07247401. The registered office is 47 Mill Way, Grantchester, Cambridge, CB3 9ND, ENGLAND.
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.
The accounts are presented in £ sterling.
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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
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.
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.
Taxation represents the sum of tax currently payable. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
Government support grants are recognised in the accounts in other income on a systematic basis in the period that the relief relates to.
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:
Plant & machinery
5-10 years
Fixtures & fittings
5-10 years
Computer equipment
4 years
Trade and other debtors are recognised at the transaction value, less any impairment.
Trade creditors are recognised at their transaction value. Other creditors are included at fair value.
Orchard Tea Garden Limited
Notes to the Accounts
for the year ended 31 March 2023
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell.
4
Tangible fixed assets
Total
Charge for the year
15,934
5
Transactions with related parties
At 31 March 2023 there were balances owing to directors of £14,491 (2022: £99,775). The loans are interest free and repayable on demand. At 31 March 2023 there were balances of £144,541 (2022: Nil) owing to businesses controlled by the directors, which are interest free and repayable on demand.
6
Average number of employees
During the year the average number of employees was 14 (2022: 10).