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REGISTERED NUMBER: 07537394 (England and Wales)

















Orchard Builders Limited

Financial Statements for the Year Ended 31 July 2023






Orchard Builders Limited (Registered number: 07537394)






Contents of the Financial Statements
for the year ended 31 July 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Orchard Builders Limited

Company Information
for the year ended 31 July 2023







DIRECTOR: Mr R M J Tyson





REGISTERED OFFICE: Field Cottage
Rectory Road
Roos
East Yorkshire
HU12 0HT





REGISTERED NUMBER: 07537394 (England and Wales)





ACCOUNTANTS: Southgates
Chartered Certified Accountants
9 Market Place
Hedon
East Yorkshire
HU12 8JA

Orchard Builders Limited (Registered number: 07537394)

Balance Sheet
31 July 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 11,167 15,311

CURRENT ASSETS
Stocks 5 3,500 17,621
Debtors 6 3,995 11,707
Cash at bank 40 13,194
7,535 42,522
CREDITORS
Amounts falling due within one year 7 53,164 46,590
NET CURRENT LIABILITIES (45,629 ) (4,068 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(34,462

)

11,243

CREDITORS
Amounts falling due after more than one
year

8

(17,813

)

(31,431

)

PROVISIONS FOR LIABILITIES - (2,277 )
NET LIABILITIES (52,275 ) (22,465 )

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings (52,375 ) (22,565 )
SHAREHOLDERS' FUNDS (52,275 ) (22,465 )

Orchard Builders Limited (Registered number: 07537394)

Balance Sheet - continued
31 July 2023


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

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 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.

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 Profit and Loss Account has not been delivered.

The financial statements were approved by the director and authorised for issue on 30 July 2024 and were signed by:





Mr R M J Tyson - Director


Orchard Builders Limited (Registered number: 07537394)

Notes to the Financial Statements
for the year ended 31 July 2023

1. STATUTORY INFORMATION

Orchard Builders 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.

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 or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery - 15% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 33% on reducing balance

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and Loss Account, 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.

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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.

Orchard Builders Limited (Registered number: 07537394)

Notes to the Financial Statements - continued
for the year ended 31 July 2023

2. ACCOUNTING POLICIES - continued

Financial instruments
Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as either financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2022 - 2 ) .

4. TANGIBLE FIXED ASSETS
Plant and Motor Computer
machinery vehicles equipment Totals
£    £    £    £   
COST
At 1 August 2022 19,730 20,795 754 41,279
Additions 332 - - 332
Disposals - (6,795 ) - (6,795 )
At 31 July 2023 20,062 14,000 754 34,816
DEPRECIATION
At 1 August 2022 11,488 13,859 621 25,968
Charge for year 1,287 1,263 44 2,594
Eliminated on disposal - (4,913 ) - (4,913 )
At 31 July 2023 12,775 10,209 665 23,649
NET BOOK VALUE
At 31 July 2023 7,287 3,791 89 11,167
At 31 July 2022 8,242 6,936 133 15,311

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Motor
vehicles
£   
COST
At 1 August 2022
and 31 July 2023 14,000
DEPRECIATION
At 1 August 2022 8,946
Charge for year 1,263
At 31 July 2023 10,209
NET BOOK VALUE
At 31 July 2023 3,791
At 31 July 2022 5,054

5. STOCKS
2023 2022
£    £   
Stocks 3,500 3,500
Work-in-progress - 14,121
3,500 17,621

Orchard Builders Limited (Registered number: 07537394)

Notes to the Financial Statements - continued
for the year ended 31 July 2023

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors - 1,470
Other debtors 3,968 6,227
Directors' current accounts - 3,113
Prepayments 27 897
3,995 11,707

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 10,086 9,788
Hire purchase contracts 2,334 2,800
Trade creditors 4,782 6,103
Tax - 7,221
Social security and other taxes - 14,435
VAT 3,806 4,113
Credit card 3,351 630
Directors' current accounts 26,949 -
Accruals 1,856 1,500
53,164 46,590

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2023 2022
£    £   
Bank loans - 1-2 years 10,341 10,035
Bank loans - 2-5 years 7,472 19,062
Hire purchase contracts - 2,334
17,813 31,431

9. GOING CONCERN

At the balance sheet date the balance sheet shows negative shareholders funds of The £52,375 applicability of going concern is dependent upon the continued financial support of the company's director and creditors. There are no indications that this support will cease.