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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
2024 2023
Note £ £ £
Fixed assets
Tangible assets 5 7,276 12,021
_______ _______
7,276
Current assets
Debtors 6 1,089,358 1,097,486
Cash at bank and in hand 559,447 505,420
_______ _______
1,648,805 1,602,906
Creditors: amounts falling due
within one year 7 ( 837,320) ( 899,014)
_______ _______
Net current assets 811,485
_______
Total assets less current liabilities 818,761
_______
Net assets 818,761
_______
Capital and reserves
Called up share capital 8 1,000
Profit and loss account 817,761
_______
Shareholders funds 818,761
_______
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:
Fittings fixtures and equipment - 20 % straight line
Motor vehicles - 25 % straight line
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
Fixtures, fittings and equipment Total
£ £
Cost
At 1 May 2023 and 30 April 2024 135,220 135,220
_______ _______
Depreciation
At 1 May 2023 123,199 123,199
Charge for the year 4,745 4,745
_______ _______
At 30 April 2024 127,944 127,944
_______ _______
Carrying amount
At 30 April 2024 7,276 7,276
_______ _______
At 30 April 2023 12,021 12,021
_______ _______
6. Debtors
2024 2023
£ £
Trade debtors 1,062,228 1,071,281
Other debtors 27,130 26,205
_______ _______
1,089,358 1,097,486
_______ _______
7. Creditors: amounts falling due within one year
2024 2023
£ £
Trade creditors 679,537 671,758
Corporation tax 74,259 112,594
Social security and other taxes 56,507 76,950
Other creditors 27,017 37,712
_______ _______
837,320 899,014
_______ _______
8. Called up share capital
Issued, called up and fully paid
2024 2023
No £ No
Ordinary shares shares of £ 1.00 each 1,000 1,000 1,000
_______ _______ _______
9. Operating leases
The company as lessee
The total future minimum lease payments under non-cancellable operating leases are as follows:
£ £
Not later than 1 year 19,000 15,500
Later than 1 year and not later than 5 years 38,000 31,000
_______ _______
57,000 46,500
_______ _______