Ormonde 1886 Ltd 14249484 false 2022-07-21 2023-07-31 2023-07-31 The principal activity of the company is the design and manufacture of premium British electric bicycles. Digita Accounts Production Advanced 6.30.9574.0 true true 14249484 2022-07-21 2023-07-31 14249484 2023-07-31 14249484 core:RetainedEarningsAccumulatedLosses 2023-07-31 14249484 core:ShareCapital 2023-07-31 14249484 core:SharePremium 2023-07-31 14249484 core:CurrentFinancialInstruments core:WithinOneYear 2023-07-31 14249484 bus:SmallEntities 2022-07-21 2023-07-31 14249484 bus:AuditExemptWithAccountantsReport 2022-07-21 2023-07-31 14249484 bus:FilletedAccounts 2022-07-21 2023-07-31 14249484 bus:SmallCompaniesRegimeForAccounts 2022-07-21 2023-07-31 14249484 bus:RegisteredOffice 2022-07-21 2023-07-31 14249484 bus:Director1 2022-07-21 2023-07-31 14249484 bus:Director2 2022-07-21 2023-07-31 14249484 bus:PrivateLimitedCompanyLtd 2022-07-21 2023-07-31 14249484 countries:England 2022-07-21 2023-07-31 iso4217:GBP xbrli:pure

Registration number: 14249484

Ormonde 1886 Ltd

Annual Report and Unaudited Financial Statements

for the Period from 21 July 2022 to 31 July 2023

image-name
 

Ormonde 1886 Ltd

Contents

Company Information

1

Balance Sheet

2

Notes to the Unaudited Financial Statements

3 to 5

 

Ormonde 1886 Ltd

Company Information

Directors

Mr Thomas Clarke

Mr Nicholas John Clarke

Registered office

2/4 Ash Lane
Rustington
Littlehampton
West Sussex
BN16 3BZ

Accountants

Lucraft Hodgson & Dawes LLP
2/4 Ash Lane
Rustington
West Sussex
BN16 3BZ

 

Ormonde 1886 Ltd

(Registration number: 14249484)
Balance Sheet as at 31 July 2023

Note

2023
£

Current assets

 

Debtors

4

7,532

Cash at bank and in hand

 

87,771

 

95,303

Creditors: Amounts falling due within one year

5

(52,739)

Net assets

 

42,564

Capital and reserves

 

Called up share capital

113

Share premium reserve

96,887

Profit and loss account

(54,436)

Shareholders' funds

 

42,564

For the financial period ending 31 July 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. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 29 February 2024 and signed on its behalf by:
 

.........................................
Mr Thomas Clarke
Director

 

Ormonde 1886 Ltd

Notes to the Unaudited Financial Statements for the Period from 21 July 2022 to 31 July 2023

1

General information

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

The address of its registered office is:
2/4 Ash Lane
Rustington
Littlehampton
West Sussex
BN16 3BZ
United Kingdom

These financial statements were authorised for issue by the Board on 29 February 2024.

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.

These financial statements are presented in Sterling, which is also the company's functional currency. The financial statements are rounded to the nearest £1.

Going concern

The financial statements have been prepared on a going concern basis.

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.

 

Ormonde 1886 Ltd

Notes to the Unaudited Financial Statements for the Period from 21 July 2022 to 31 July 2023

2

Accounting policies (continued)

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

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.

3

Staff numbers

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

4

Debtors

Current

2023
£

Other debtors

7,532

 

7,532

 

Ormonde 1886 Ltd

Notes to the Unaudited Financial Statements for the Period from 21 July 2022 to 31 July 2023

5

Creditors

Creditors: amounts falling due within one year

2023
£

Due within one year

Trade creditors

51,491

Accruals and deferred income

1,248

52,739