2022-08-01 NI032657 2023-07-31 NI032657 2022-08-01 2023-07-31 NI032657 2022-07-31 NI032657 2021-08-01 2022-07-31 NI032657 uk-core:WithinOneYear 2022-07-31 NI032657 uk-core:WithinOneYear 2023-07-31 NI032657 uk-core:ShareCapital 2023-07-31 NI032657 uk-core:ShareCapital 2022-07-31 NI032657 uk-core:RetainedEarningsAccumulatedLosses 2023-07-31 NI032657 uk-core:RetainedEarningsAccumulatedLosses 2022-07-31 NI032657 uk-bus:Director1 2022-08-01 2023-07-31 NI032657 uk-core:Buildings 2022-08-01 2023-07-31 NI032657 uk-core:PlantMachinery 2022-08-01 2023-07-31 NI032657 uk-core:ComputerEquipment 2022-08-01 2023-07-31 NI032657 uk-core:CommercialMotorVehicles 2022-08-01 2023-07-31 NI032657 uk-core:FurnitureFittings 2022-08-01 2023-07-31 NI032657 uk-core:ComputerEquipment 2022-07-31 NI032657 uk-core:FurnitureFittings 2022-07-31 NI032657 uk-core:CommercialMotorVehicles 2022-07-31 NI032657 uk-core:PlantMachinery 2022-07-31 NI032657 uk-core:Buildings 2022-07-31 NI032657 uk-core:Buildings 2023-07-31 NI032657 uk-core:CommercialMotorVehicles 2023-07-31 NI032657 uk-core:FurnitureFittings 2023-07-31 NI032657 uk-core:ComputerEquipment 2023-07-31 NI032657 uk-core:PlantMachinery 2023-07-31 iso4217:GBP xbrli:pure NI032657 uk-bus:AuditExemptWithAccountantsReport 2022-08-01 2023-07-31 NI032657 uk-bus:FRS102 2022-08-01 2023-07-31 NI032657 uk-bus:FilletedAccounts 2022-08-01 2023-07-31 NI032657 uk-bus:PrivateLimitedCompanyLtd 2022-08-01 2023-07-31
Orchard Refrigeration Limited
Registered Number:NI032657
For the year ended 31 July 2023
Northern Ireland
Unaudited Financial Statements
2
For the year ended 31 July 2023
Orchard Refrigeration Limited
Contents Page
1
Statement of Financial Position
2 to 4
Notes to the Financial Statements
3
Registered Number :
NI032657
As at 31 July 2023
Orchard Refrigeration Limited
Statement of Financial Position
£
£
2022
2023
Notes
Fixed assets
Property, plant and equipment
398,546
424,989
2
2,416,651
2,416,651
Investment property
2,815,197
2,841,640
Current assets
Inventories
179,014
144,772
3
Trade and other receivables
388,444
433,532
4
1,779,650
Cash and cash equivalents
1,839,654
2,417,958
2,347,108
Trade and other payables: amounts falling due within one
year
(732,444)
(540,043)
5
1,614,664
1,877,915
Net current assets
Total assets less current liabilities
4,693,112
4,456,304
(33,355)
(26,916)
Provisions for liabilities
4,659,757
Net assets
4,429,388
Capital and reserves
Called up share capital
112
112
Retained earnings
4,659,645
4,429,276
4,659,757
4,429,388
Shareholders' funds
For the year ended 31 July 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 of its financial statements for the year ended 31 July 2023 in accordance with Section 476 of the Companies Act 2006
The director acknowledges his responsibilities for:a) ensuring that the company keeps proper 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 Section
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.
In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.
The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
Mr David Hill Director
These financial statements were approved and authorised for issue by the Board on 05 April 2024 and were signed by:
The notes form part of these financial statements
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4
For the year ended 31 July 2023
Orchard Refrigeration Limited
Notes to the Financial Statements
Statutory Information
Orchard Refrigeration Limited is a private limited company, limited by shares, domiciled in Northern Ireland,
registration number NI032657.
Registered address:
113 Tirnascobe Road
Richhill
Armagh
BT61 9RF
The presentation currency is £ sterling.
1. Accounting policies
Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of Section 1A of Financial
Reporting Standard 102 ''The Financial Reporting Standard applicable in the UK and Republic of Ireland'' and the
Companies Act 2006. The financial statements have been prepared under the historical costs convention as
modified by the revaluation of certain assets.
Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax or other similar sales taxes.
Research and development
Expenditure on research and development is written off in the year in which it is incurred.
Property, plant and equipment
Property, plant and equipment, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
Land and Buildings
5% Straight line
Plant and Machinery
20% Reducing balance
20% Reducing balance
Computer Equipment
25% Reducing balance
Motor Vehicles
15% Reducing balance
Furniture and Fittings
Inventories
Inventories are value at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position date.
Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate at the date of transaction. Exchange rate differences are taken into account in arriving at the operating result.
Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme for the benefit of its directors/and employees. Contributions payable are charged to the profit and loss account in the period in which they are payable.
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5
For the year ended 31 July 2023
Orchard Refrigeration Limited
Notes to the Financial Statements Continued
2. Property, plant and equipment
Total
Computer
Equipment
Furniture and
Fittings
Motor
Vehicles
Plant and
Machinery
Land and
Buildings
£
£
£
£
£
£
Cost or
valuation
At 01 August
2022
850,392
58,296
15,424
181,149
231,573
363,950
89,863
5,047
-
78,016
6,800
-
Additions
-
-
(17,495)
(71,444)
-
Disposals
(88,939)
At 31 July 2023
363,950
241,670
15,424
63,343
851,316
166,929
Provision for depreciation and impairment
At 01 August
2022
425,403
47,634
12,219
149,412
135,517
80,621
Charge for year
57,367
3,142
481
24,064
29,680
-
(30,000)
(4,000)
-
-
(26,000)
-
On disposal
At 31 July 2023
452,770
46,776
12,700
173,476
139,197
80,621
At 31 July 2023
Net book value
283,329
27,732
68,194
2,724
16,567
398,546
283,329
96,056
31,737
3,205
10,662
424,989
At 31 July 2022
3. Inventories
2022
2023
£
£
Stocks
144,772
179,014
4. Trade and other receivables
2022
2023
£
£
Trade debtors
433,532
388,444
5. Trade and other payables: amounts falling due within one year
2022
2023
£
£
Trade creditors
316,441
330,853
Taxation and social security
138,907
327,979
Other creditors
84,695
73,612
540,043
732,444
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6
For the year ended 31 July 2023
Orchard Refrigeration Limited
Notes to the Financial Statements Continued
6. Average number of persons employed
During the year the average number of employees was 9 (2022 : 9)
7. Transition to FRS 102
The company transitioned to FRS 102 from previously extant UK GAAP as at the 1 March 2016. There was no
impact from the transition to FRS 102 on the previous financial year which requires adjusting.
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