BrightAccountsProduction v1.0.0 v1.0.0 2023-01-01 The company was not dormant during the period The company was trading for the entire period Unaudited Accounts The principal activity of the company is the supply of horticultural, gardening and amenity products to the commercial and wholesale trade. 17 September 2024 5 5 NI053824 2023-12-31 NI053824 2022-12-31 NI053824 2021-12-31 NI053824 2023-01-01 2023-12-31 NI053824 2022-01-01 2022-12-31 NI053824 uk-bus:PrivateLimitedCompanyLtd 2023-01-01 2023-12-31 NI053824 uk-curr:PoundSterling 2023-01-01 2023-12-31 NI053824 uk-bus:SmallCompaniesRegimeForAccounts 2023-01-01 2023-12-31 NI053824 uk-bus:FullAccounts 2023-01-01 2023-12-31 NI053824 uk-bus:Director1 2023-01-01 2023-12-31 NI053824 uk-bus:CompanySecretaryDirector1 2023-01-01 2023-12-31 NI053824 uk-bus:CompanySecretary1 2023-01-01 2023-12-31 NI053824 uk-bus:RegisteredOffice 2023-01-01 2023-12-31 NI053824 uk-bus:Agent1 2023-01-01 2023-12-31 NI053824 uk-core:ShareCapital 2023-12-31 NI053824 uk-core:ShareCapital 2022-12-31 NI053824 uk-core:RetainedEarningsAccumulatedLosses 2023-12-31 NI053824 uk-core:RetainedEarningsAccumulatedLosses 2022-12-31 NI053824 uk-core:TotalEquityAttributableToOwnersParentBeforeNon-controllingInterests 2023-12-31 NI053824 uk-core:TotalEquityAttributableToOwnersParentBeforeNon-controllingInterests 2022-12-31 NI053824 uk-bus:FRS102 2023-01-01 2023-12-31 NI053824 uk-core:PlantMachinery 2023-01-01 2023-12-31 NI053824 uk-core:FurnitureFittingsToolsEquipment 2023-01-01 2023-12-31 NI053824 uk-core:MotorVehicles 2023-01-01 2023-12-31 NI053824 uk-core:CurrentFinancialInstruments 2023-12-31 NI053824 uk-core:CurrentFinancialInstruments 2022-12-31 NI053824 uk-core:WithinOneYear 2023-12-31 NI053824 uk-core:WithinOneYear 2022-12-31 NI053824 uk-core:AfterOneYear 2023-12-31 NI053824 uk-core:AfterOneYear 2022-12-31 NI053824 2023-01-01 2023-12-31 NI053824 uk-bus:AuditExempt-NoAccountantsReport 2023-01-01 2023-12-31 xbrli:pure iso4217:GBP xbrli:shares
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Company Registration Number: NI053824
 
 
Orchard County Enterprises Limited
 
Unaudited Financial Statements
 
for the financial year ended 31 December 2023
Orchard County Enterprises Limited
DIRECTORS AND OTHER INFORMATION

 
Directors Denis Glass
Peter Glass
 
 
Company Secretary Peter Glass
 
 
Company Registration Number NI053824
 
 
Registered Office and Business Address 66 Creenagh Road
Loughgall
Co. Armagh
BT61 8PZ
Northern Ireland
 
 
Accountants MG accountants
(Portadown)
25-27 Carleton Street
Portadown
Co. Armagh
BT62 3EP
 
 
Bankers Ulster Bank
  20 High Street
  Portadown
  Craigavon
  Co. Armagh
  BT62 1HU
  United Kingdom



Orchard County Enterprises Limited
Company Registration Number: NI053824
BALANCE SHEET
as at 31 December 2023

2023 2022
Notes £ £
 
Fixed Assets
Tangible assets 4 24,271 10,360
───────── ─────────
 
Current Assets
Stocks 5 200,000 175,000
Debtors 6 160,819 161,260
Cash and cash equivalents 438,052 424,406
───────── ─────────
798,871 760,666
───────── ─────────
Creditors: amounts falling due within one year 7 (71,086) (84,885)
───────── ─────────
Net Current Assets 727,785 675,781
───────── ─────────
Total Assets less Current Liabilities 752,056 686,141
 
Creditors:
amounts falling due after more than one year 8 - (20,000)
───────── ─────────
Net Assets 752,056 666,141
═════════ ═════════
 
Capital and Reserves
Called up share capital 100 100
Retained earnings 751,956 666,041
───────── ─────────
Equity attributable to owners of the company 752,056 666,141
═════════ ═════════
 
The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A (Small Entities).
           
The company has taken advantage of the exemption under section 444 not to file the Profit and Loss Account and Directors' Report.
           
For the financial year ended 31 December 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006.
           
The directors confirm that the members have not required the company to obtain an audit of its financial statements for the financial year in question in accordance with section 476 of the Companies Act 2006.
           
The directors acknowledge their responsibilities for ensuring that the company keeps accounting records which comply with section 386 and for preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of the financial year and of its profit and loss for the 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.
           
Approved by the Board and authorised for issue on 17 September 2024 and signed on its behalf by
           
           
________________________________          
Peter Glass          
Director          
           



Orchard County Enterprises Limited
NOTES TO THE FINANCIAL STATEMENTS
for the financial year ended 31 December 2023

   
1. General Information
 
Orchard County Enterprises Limited is a company limited by shares incorporated in Northern Ireland. The registered office of the company is 66 Creenagh Road, Loughgall, Co. Armagh, BT61 8PZ, Northern Ireland which is also the principal place of business of the company. The nature of the company's operations and its principal activities are set out in the Directors' Report. The financial statements have been presented in Pound (£) which is also the functional currency of the company.
         
2. Summary of Significant Accounting Policies
 
The following accounting policies have been applied consistently in dealing with items which are considered material in relation to the company's financial statements.
 
Statement of compliance
The financial statements of the company for the year ended 31 December 2023 have been prepared in accordance with the provisions of FRS 102 Section 1A (Small Entities) and the Companies Act 2006.
 
Basis of preparation
The financial statements have been prepared on the going concern basis and in accordance with the historical cost convention except for certain properties and financial instruments that are measured at revalued amounts or fair values, as explained in the accounting policies below. Historical cost is generally based on the fair value of the consideration given in exchange for assets.
 
Turnover
Turnover comprises the invoice value of goods supplied by the company, exclusive of trade discounts and value added tax.

Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer, usually on despatch of the goods; the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity and the costs incurred  or to be incurred in respect of the transactions can be measured reliably.
 
Tangible assets and depreciation
Tangible assets are stated at cost or at valuation, less accumulated depreciation. The charge to depreciation is calculated to write off the original cost or valuation of tangible assets, less their estimated residual value, over their expected useful lives as follows:
 
  Plant and machinery - 20% Reducing Balance
  Fixtures, fittings and equipment - 20% Reducing Balance
  Motor vehicles - 25% Reducing Balance
 
The carrying values of tangible fixed assets are reviewed annually for impairment in periods if events or changes in circumstances indicate the carrying value may not be recoverable.
 
Stocks
Stocks are valued at the lower of cost and net realisable value.  Cost comprises expenditure incurred in the normal course of business in bringing stocks to their present location and condition.  Full provision is made for obsolete and slow moving items.  Net realisable value comprises actual or estimated selling price (net of trade discounts) less all further costs to completion or to be incurred in marketing and selling.
 
Trade and other debtors
Trade and other debtors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method less impairment losses for bad and doubtful debts except where the effect of discounting would be immaterial. In such cases the receivables are stated at cost less impairment losses for bad and doubtful debts.
 
Trade and other creditors
Trade and other creditors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest rate method, unless the effect of discounting would be immaterial, in which case they are stated at cost.
 
Taxation
Current tax represents the amount expected to be paid or recovered in respect of taxable profits for the financial year and is calculated using the tax rates and laws that have been enacted or substantially enacted at the Balance Sheet date.
 
Foreign currencies
Monetary assets and liabilities denominated in foreign currencies are translated at the rates of exchange ruling at the Balance Sheet date. Non-monetary items that are measured in terms of historical cost in a foreign currency are translated at the rates of exchange ruling at the date of the transaction. Non-monetary items that are measured at fair value in a foreign currency are translated using the exchange rates at the date when the fair value was determined. The resulting exchange differences are dealt with in the Profit and Loss Account.
       
3. Employees
 
The average monthly number of employees, including directors, during the financial year was 5, (2022 - 5).
 
  2023 2022
  Number Number
 
Employees 5 5
  ═════════ ═════════
           
4. Tangible assets
  Plant and Fixtures, Motor Total
  machinery fittings and vehicles  
    equipment    
  £ £ £ £
Cost
At 1 January 2023 15,000 25,195 14,375 54,570
Additions - - 22,000 22,000
Disposals - - (14,375) (14,375)
  ───────── ───────── ───────── ─────────
At 31 December 2023 15,000 25,195 22,000 62,195
  ───────── ───────── ───────── ─────────
Depreciation
At 1 January 2023 11,783 22,823 9,604 44,210
Charge for the financial year 643 474 2,200 3,317
On disposals - - (9,603) (9,603)
  ───────── ───────── ───────── ─────────
At 31 December 2023 12,426 23,297 2,201 37,924
  ───────── ───────── ───────── ─────────
Net book value
At 31 December 2023 2,574 1,898 19,799 24,271
  ═════════ ═════════ ═════════ ═════════
At 31 December 2022 3,217 2,372 4,771 10,360
  ═════════ ═════════ ═════════ ═════════
       
5. Stocks 2023 2022
  £ £
 
Finished goods and goods for resale 200,000 175,000
  ═════════ ═════════
       
6. Debtors 2023 2022
  £ £
 
Trade debtors 150,945 133,101
Prepayments and accrued income 9,874 28,159
  ───────── ─────────
  160,819 161,260
  ═════════ ═════════
       
7. Creditors 2023 2022
Amounts falling due within one year £ £
 
Trade creditors 37,435 33,418
Taxation  (Note 9) 21,293 43,542
Directors' current accounts 8,008 3,575
Accruals 4,350 4,350
  ───────── ─────────
  71,086 84,885
  ═════════ ═════════
       
8. Creditors 2023 2022
Amounts falling due after more than one year £ £
 
Directors' loan accounts - 20,000
  ═════════ ═════════
 
       
9. Taxation 2023 2022
  £ £
 
Creditors:
VAT 3,804 6,801
Corporation tax 17,304 36,603
PAYE / NI 185 138
  ───────── ─────────
  21,293 43,542
  ═════════ ═════════