Registered number
04252856
R. H. Orange & Son Ltd
Abridged Accounts
30 April 2024
R. H. Orange & Son Ltd
Registered number: 04252856
Balance Sheet
as at 30 April 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 799,534 816,516
Current assets
Stocks 151,346 211,159
Debtors 4 427,617 377,764
Cash at bank and in hand 944,421 778,830
1,523,384 1,367,753
Creditors: amounts falling due within one year 5 (519,695) (602,806)
Net current assets 1,003,689 764,947
Total assets less current liabilities 1,803,223 1,581,463
Creditors: amounts falling due after more than one year 6 (11,667) (26,667)
Net assets 1,791,556 1,554,796
Capital and reserves
Called up share capital 3,350 3,350
Profit and loss account 1,788,206 1,551,446
Shareholders' funds 1,791,556 1,554,796
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.
Mr M Orange
Director
Approved by the board on 24 September 2024
R. H. Orange & Son Ltd
Notes to the Accounts
for the year ended 30 April 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.
Intangible fixed assets
Intangible fixed assets are measured at cost less accumulative amortisation and any accumulative impairment losses.
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:
Motor vehicles 25% reducing balance
Fixtures, fittings, tools and equipment 15% reducing balance
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.
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.
Pensions
Contributions to defined contribution plans are expensed in the period to which they relate.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 17 17
3 Tangible fixed assets
Land and buildings Plant and machinery etc Motor vehicles Total
£ £ £ £
Cost
At 1 May 2023 738,870 181,579 47,950 968,399
At 30 April 2024 738,870 181,579 47,950 968,399
Depreciation
At 1 May 2023 - 136,166 15,717 151,883
Charge for the year - 7,824 9,158 16,982
At 30 April 2024 - 143,990 24,875 168,865
Net book value
At 30 April 2024 738,870 37,589 23,075 799,534
At 30 April 2023 738,870 45,413 32,233 816,516
4 Debtors 2024 2023
£ £
Trade debtors 362,783 252,998
Other debtors 64,834 124,766
427,617 377,764
5 Creditors: amounts falling due within one year 2024 2023
£ £
Bank loans and overdrafts 10,000 5,000
Trade creditors 318,089 295,364
Corporation tax 110,919 96,850
Other taxes and social security costs 47,908 44,331
Other creditors 32,779 161,261
519,695 602,806
6 Creditors: amounts falling due after one year 2024 2023
£ £
Bank loans 11,667 26,667
Registered Office Address
Unit 106 NE Fruit & Veg Market
Team Valley Trading Estate
Gateshead
NE11 0QY
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