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REGISTERED NUMBER: NI602765 (Northern Ireland)















Unaudited Financial Statements for the Year Ended 30 April 2023

for

Orchard County Contracts Ltd

Orchard County Contracts Ltd (Registered number: NI602765)






Contents of the Financial Statements
for the Year Ended 30 April 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Orchard County Contracts Ltd

Company Information
for the Year Ended 30 April 2023







DIRECTORS: Mr D Hughes
Mr P G Hughes
Mrs M Hughes
Mr M Hughes





REGISTERED OFFICE: 17 Mullanary Road
Dungannon
Tyrone
BT71 7LS





REGISTERED NUMBER: NI602765 (Northern Ireland)





ACCOUNTANTS: JBC Accountants Limited
Chartered Accountants
3B Lockheed Court
Preston Farm
Stockton on Tees
TS18 3SH

Orchard County Contracts Ltd (Registered number: NI602765)

Balance Sheet
30 April 2023

2023 2022
as restated
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 2,737 2,737
Tangible assets 5 206,256 227,415
208,993 230,152

CURRENT ASSETS
Stocks 2,370,642 1,994,561
Debtors 6 401,181 514,704
Cash at bank 11,356 31,445
2,783,179 2,540,710
CREDITORS
Amounts falling due within one year 7 1,980,332 1,755,249
NET CURRENT ASSETS 802,847 785,461
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,011,840

1,015,613

CREDITORS
Amounts falling due after more than one
year

8

(684,025

)

(668,525

)

PROVISIONS FOR LIABILITIES (29,890 ) (33,317 )
NET ASSETS 297,925 313,771

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 297,825 313,671
SHAREHOLDERS' FUNDS 297,925 313,771

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 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.

Orchard County Contracts Ltd (Registered number: NI602765)

Balance Sheet - continued
30 April 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 Profit and loss account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 21 August 2024 and were signed on its behalf by:





Mr P G Hughes - Director


Orchard County Contracts Ltd (Registered number: NI602765)

Notes to the Financial Statements
for the Year Ended 30 April 2023

1. STATUTORY INFORMATION

Orchard County Contracts Ltd is a private company, limited by shares , registered in Northern Ireland. 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.
Plant and machinery etc - 25% on reducing balance and 20% on reducing balance

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

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the profit and loss account.

Deferred taxation is provided on the liability method to take account of timing differences between the treatment of certain items for accounts purposes and their treatment for tax purposes. Tax deferred or accelerated is accounted for in respect of all material timing differences.

Current and deferred 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.

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

Going concern
These accounts have been prepared on the going concern basis, on the understanding that the directors will continue to financially support the company.

3. EMPLOYEES AND DIRECTORS

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

Orchard County Contracts Ltd (Registered number: NI602765)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2023

4. INTANGIBLE FIXED ASSETS
Other
intangible
assets
£   
COST
At 1 May 2022
and 30 April 2023 2,737
NET BOOK VALUE
At 30 April 2023 2,737
At 30 April 2022 2,737

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 May 2022 803,526
Additions 36,550
Disposals (27,550 )
At 30 April 2023 812,526
DEPRECIATION
At 1 May 2022 576,111
Charge for year 52,027
Eliminated on disposal (21,868 )
At 30 April 2023 606,270
NET BOOK VALUE
At 30 April 2023 206,256
At 30 April 2022 227,415

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
as restated
£    £   
Trade debtors 133,931 319,574
Other debtors 267,250 195,130
401,181 514,704

Orchard County Contracts Ltd (Registered number: NI602765)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2023

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
as restated
£    £   
Hire purchase contracts 22,028 38,204
Trade creditors 166,095 214,072
Taxation and social security 21,372 44,494
Other creditors 1,770,837 1,458,479
1,980,332 1,755,249

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
as restated
£    £   
Hire purchase contracts 43,552 35,991
Other creditors 640,473 632,534
684,025 668,525

9. SECURED DEBTS

The following secured debts are included within creditors:

2023 2022
as restated
£    £   
Loan Facility 600,000 600,000

Ortus Secured Finance I Limited holds a fixed charge and contains a negative pledge over the site at 31 Ballygawley Road, Dungannon, and compromised in land registry folio TY106305 and land registry draft folio TY118113.

Floating charge covers all the property or undertaking of the company.