Registered number
14637970
Orchard Rooms Limited
Filleted Accounts
29 February 2024
Orchard Rooms Limited
Registered number: 14637970
Balance Sheet
as at 29 February 2024
Notes 2024
£
Fixed assets
Tangible assets 3 4,816
Current assets
Stocks 2,146
Cash at bank and in hand 9,679
11,825
Creditors: amounts falling due within one year 4 (10,932)
Net current assets 893
Total assets less current liabilities 5,709
Creditors: amounts falling due after more than one year 5 (3,490)
Net assets 2,219
Capital and reserves
Called up share capital 1
Profit and loss account 2,218
Shareholder's funds 2,219
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges her responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
M Saxton
Director
Approved by the board on 12 September 2024
Orchard Rooms Limited
Notes to the Accounts
for the year ended 29 February 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Freehold buildings over 50 years
Leasehold land and buildings over the lease term
Plant and machinery over 4 years
Fixtures, fittings, tools and equipment over 4 years
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.
Pensions
Contributions to defined contribution plans are expensed in the period to which they relate.
2 Employees 2024
Number
Average number of persons employed by the company 1
3 Tangible fixed assets
Plant and machinery etc
£
Cost
Additions 6,020
At 29 February 2024 6,020
Depreciation
Charge for the year 1,204
At 29 February 2024 1,204
Net book value
At 29 February 2024 4,816
4 Creditors: amounts falling due within one year 2024
£
Trade creditors 292
Other creditors 8,417
10,932
5 Creditors: amounts falling due after one year 2024
£
Other creditors 3,490
6 Other information
Orchard Rooms Limited is a private company limited by shares and incorporated in England. Its registered office is:
5 Longfields
Bicester
Oxfordshire
OX26 6QN
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