REGISTRAR
Company registration number:
2235250
Orchid Transport Services Limited
Unaudited filleted financial statements
30 April 2024
Orchid Transport Services Limited
Contents
Statement of financial position
Notes to the financial statements
Orchid Transport Services Limited
Statement of financial position
30 April 2024
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2024 |
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2023 |
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Note |
£ |
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£ |
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£ |
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Fixed assets |
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Tangible assets |
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5 |
7,276 |
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12,021 |
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_______ |
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_______ |
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7,276 |
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Current assets |
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Debtors |
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6 |
1,089,358 |
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1,097,486 |
Cash at bank and in hand |
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559,447 |
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505,420 |
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_______ |
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_______ |
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1,648,805 |
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1,602,906 |
Creditors: amounts falling due |
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within one year |
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7 |
(
837,320) |
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(
899,014) |
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_______ |
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_______ |
Net current assets |
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811,485 |
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_______ |
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Total assets less current liabilities |
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818,761 |
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_______ |
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Net assets |
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818,761 |
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_______ |
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Capital and reserves |
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Called up share capital |
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8 |
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1,000 |
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Profit and loss account |
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817,761 |
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_______ |
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Shareholders funds |
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818,761 |
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_______ |
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For the year ending 30 April 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's responsibilities:
-
The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;
-
The director acknowledges their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.
These financial statements were approved by the
board of directors
and authorised for issue on
30 July 2024
, and are signed on behalf of the board by:
P. Plowman
Director
Company registration number:
2235250
Orchid Transport Services Limited
Notes to the financial statements
Year ended 30 April 2024
1.
General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 13 Portland Road, Edgbaston, Birmingham, B16 9HN.
2.
Statement of compliance
These financial statements have been prepared in compliance with the provisions of FRS 102, Section 1A, 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
3.
Accounting policies
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
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Fittings fixtures and equipment |
- |
20 % |
straight line |
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Motor vehicles |
- |
25 % |
straight line |
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If there is an indication that there has been a significant change in depreciation rate, useful life or residual value of tangible assets, the depreciation is revised prospectively to reflect the new estimates.
4.
Employee numbers
The average number of persons employed by the company during the year amounted to
18
(2023:
17
).
5.
Tangible assets
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Fixtures, fittings and equipment |
Total |
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£ |
£ |
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Cost |
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At 1 May 2023 and 30 April 2024 |
135,220 |
135,220 |
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_______ |
_______ |
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Depreciation |
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At 1 May 2023 |
123,199 |
123,199 |
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Charge for the year |
4,745 |
4,745 |
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_______ |
_______ |
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At 30 April 2024 |
127,944 |
127,944 |
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_______ |
_______ |
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Carrying amount |
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At 30 April 2024 |
7,276 |
7,276 |
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_______ |
_______ |
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At 30 April 2023 |
12,021 |
12,021 |
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_______ |
_______ |
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6.
Debtors
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2024 |
2023 |
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£ |
£ |
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Trade debtors |
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1,062,228 |
1,071,281 |
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Other debtors |
|
27,130 |
26,205 |
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_______ |
_______ |
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1,089,358 |
1,097,486 |
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_______ |
_______ |
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7.
Creditors: amounts falling due within one year
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2024 |
2023 |
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£ |
£ |
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Trade creditors |
|
679,537 |
671,758 |
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Corporation tax |
|
74,259 |
112,594 |
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Social security and other taxes |
|
56,507 |
76,950 |
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Other creditors |
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27,017 |
37,712 |
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_______ |
_______ |
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837,320 |
899,014 |
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_______ |
_______ |
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8.
Called up share capital
Issued, called up and fully paid
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2024 |
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2023 |
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No |
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£ |
|
No |
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Ordinary shares shares of £
1.00 each |
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1,000 |
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1,000 |
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1,000 |
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_______ |
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_______ |
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_______ |
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9.
Operating leases
The company as lessee
The total future minimum lease payments under non-cancellable operating leases are as follows:
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£ |
£ |
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Not later than 1 year |
19,000 |
15,500 |
Later than 1 year and not later than 5 years |
38,000 |
31,000 |
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_______ |
_______ |
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57,000 |
46,500 |
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_______ |
_______ |
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