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REGISTERED NUMBER: 01512533 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2023

FOR

ORDERPOWER LIMITED

ORDERPOWER LIMITED (REGISTERED NUMBER: 01512533)






CONTENTS OF THE FINANCIAL STATEMENTS
for the year ended 31 August 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


ORDERPOWER LIMITED

COMPANY INFORMATION
for the year ended 31 August 2023







DIRECTORS: Mr B A Dunne
Mrs J A Dunne
Mr S A Dunne





REGISTERED OFFICE: 194 Pemberton Road
Winstanley
Wigan
Lancashire
WN3 6DD





REGISTERED NUMBER: 01512533 (England and Wales)





ACCOUNTANTS: Jones Harris Limited
Chartered Accountants
17 St Peters Place
Fleetwood
Lancashire
FY7 6EB

ORDERPOWER LIMITED (REGISTERED NUMBER: 01512533)

BALANCE SHEET
31 August 2023

2023 2022
Notes £    £   
FIXED ASSETS
Tangible assets 4 82,023 61,353
Investment property 5 1,920,000 2,100,000
2,002,023 2,161,353

CURRENT ASSETS
Debtors 6 320,279 75,343
Cash at bank and in hand 276,846 401,410
597,125 476,753
CREDITORS
Amounts falling due within one year 7 (96,482 ) (91,840 )
NET CURRENT ASSETS 500,643 384,913
TOTAL ASSETS LESS CURRENT
LIABILITIES

2,502,666

2,546,266

CREDITORS
Amounts falling due after more than one
year

8

(117,574

)

(98,866

)

PROVISIONS FOR LIABILITIES (86 ) -
NET ASSETS 2,385,006 2,447,400

CAPITAL AND RESERVES
Called up share capital 96,770 96,770
Capital redemption reserve 3,230 3,230
Fair value reserve 700,316 776,479
Retained earnings 1,584,690 1,570,921
2,385,006 2,447,400

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 August 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 2023 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps 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 Sections 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.

ORDERPOWER LIMITED (REGISTERED NUMBER: 01512533)

BALANCE SHEET - continued
31 August 2023


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 18 January 2024 and were signed on its behalf by:




Mr B A Dunne - Director



Mrs J A Dunne - Director


ORDERPOWER LIMITED (REGISTERED NUMBER: 01512533)

NOTES TO THE FINANCIAL STATEMENTS
for the year ended 31 August 2023

1. STATUTORY INFORMATION

Orderpower Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 25% on reducing balance
Fixtures and fittings - 25% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 33% on cost

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2022 - 3 ) .

ORDERPOWER LIMITED (REGISTERED NUMBER: 01512533)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 31 August 2023

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor Computer
machinery fittings vehicles equipment Totals
£    £    £    £    £   
COST
At 1 September 2022 6,131 7,664 65,990 2,486 82,271
Additions - - 46,952 1,186 48,138
At 31 August 2023 6,131 7,664 112,942 3,672 130,409
DEPRECIATION
At 1 September 2022 6,106 7,369 4,958 2,485 20,918
Charge for year 6 74 26,996 392 27,468
At 31 August 2023 6,112 7,443 31,954 2,877 48,386
NET BOOK VALUE
At 31 August 2023 19 221 80,988 795 82,023
At 31 August 2022 25 295 61,032 1 61,353

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 September 2022 2,100,000
Disposals (180,000 )
At 31 August 2023 1,920,000
NET BOOK VALUE
At 31 August 2023 1,920,000
At 31 August 2022 2,100,000

Fair value at 31 August 2023 is represented by:
£   
Valuation in 2008 772,777
Valuation in 2014 (505,548 )
Valuation in 2018 125,000
Valuation in 2020 (55,081 )
Valuation in 2022 439,330
Valuation in 2023 (68,616 )
Cost 1,212,138
1,920,000

If investment property had not been revalued it would have been included at the following historical cost:

2023 2022
£    £   
Cost 1,212,138 1,323,522

Investment property was valued on an open market basis on 31 August 2023 by the directors .

ORDERPOWER LIMITED (REGISTERED NUMBER: 01512533)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 31 August 2023

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 11,136 22,657
Other debtors 101,500 11,500
Directors' current accounts 205,236 38,725
Prepayments 2,407 2,461
320,279 75,343

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 26,141 39,227
Hire purchase contracts 8,520 3,378
Trade creditors 101 7,413
Tax 18,548 20,001
Social security and other taxes 1,154 1,479
VAT 530 1,073
Other creditors 168 -
Directors' current accounts 20,164 572
Accruals and deferred income 21,156 18,697
96,482 91,840

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Bank loans 77,510 91,529
Hire purchase contracts 40,064 7,337
117,574 98,866

9. SECURED DEBTS

The following secured debts are included within creditors:

2023 2022
£    £   
Bank loans 103,651 130,756
Hire purchase contracts 48,584 10,715
152,235 141,471

The hire purchase is secured on the assets to which it relates.

The bank loan is secured by a legal mortgage over the properties to which it relates.

ORDERPOWER LIMITED (REGISTERED NUMBER: 01512533)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 31 August 2023

10. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 August 2023 and 31 August 2022:

2023 2022
£    £   
Mr B A Dunne
Balance outstanding at start of year 38,725 -
Amounts advanced 16,213 38,725
Amounts repaid (49,279 ) -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 5,659 38,725

Mrs J A Dunne
Balance outstanding at start of year - -
Amounts advanced 4,633 -
Amounts repaid (4,633 ) -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year - -

Mr S A Dunne
Balance outstanding at start of year - -
Amounts advanced 199,684 -
Amounts repaid (108 ) -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 199,576 -

The loan to the director was unsecured and repayable on demand. Interest is payable at the HMRC rate applicable to beneficial loan arrangements.

11. RELATED PARTY DISCLOSURES

During the year, total dividends of £82,561 (2022 - £43,954) were paid to the directors .