Registered number
12767556
Orfords Of East London Ltd
Filleted Accounts
30 April 2024
Orfords Of East London Ltd
Registered number: 12767556
Balance Sheet
as at 30 April 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 83,730 48,887
Current assets
Stocks 5,000 -
Debtors 4 131,840 5,000
Investments held as current assets 5 - 14,085
Cash at bank and in hand 91,967 157,480
228,807 176,565
Creditors: amounts falling due within one year 6 (106,409) (50,905)
Net current assets 122,398 125,660
Net assets 206,128 174,547
Capital and reserves
Called up share capital 100 100
Profit and loss account 206,028 174,447
Shareholders' funds 206,128 174,547
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their 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.
Rojdan Atil Gul
Director
Approved by the board on 7 October 2024
Orfords Of East London Ltd
Notes to the Accounts
for the year ended 30 April 2024
1 Accounting policies
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.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Provisions
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 10 9
3 Tangible fixed assets
Plant and machinery etc Motor vehicles Total
£ £ £
Cost
At 1 May 2023 90,036 - 90,036
Additions 1,430 54,345 55,775
At 30 April 2024 91,466 54,345 145,811
Depreciation
At 1 May 2023 41,149 - 41,149
Charge for the year 10,063 10,869 20,932
At 30 April 2024 51,212 10,869 62,081
Net book value
At 30 April 2024 40,254 43,476 83,730
At 30 April 2023 48,887 - 48,887
4 Debtors 2024 2023
£ £
Other debtors 131,840 5,000
5 Investments held as current assets 2024 2023
£ £
Fair value
Unlisted investments - 14,085
Increase/(decrease) in fair value included in the profit and loss account for the financial year
Unlisted investments (14,085) -
6 Creditors: amounts falling due within one year 2024 2023
£ £
Trade creditors 44,160 7,006
Taxation and social security costs 51,662 34,803
Other creditors 10,587 9,096
106,409 50,905
7 Controlling party
The details of shareholding as follows: Company director Mr Rojdan A. Gul holds 50 ordinary shares and Dylan Gul owns 50 ordinay shares out of all issued share capital.
8 Other information
Orfords Of East London Ltd is a private company limited by shares and incorporated in England. Its registered office is:
8 Clock House Parade
North Circular Road
London
N13 6BG
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