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COMPANY REGISTRATION NUMBER: 11611607
Orchid Rehabilitation Limited
Filleted Unaudited Financial Statements
31 March 2024
Orchid Rehabilitation Limited
Financial Statements
Year ended 31 March 2024
Contents
Page
Statement of financial position
1
Notes to the financial statements
3
Orchid Rehabilitation Limited
Statement of Financial Position
31 March 2024
2024
2023
Note
£
£
£
£
Fixed assets
Tangible assets
5
830
1,430
Current assets
Debtors
6
1,747
3,065
Cash at bank and in hand
14,352
9,049
--------
--------
16,099
12,114
Creditors: amounts falling due within one year
7
6,759
6,571
--------
--------
Net current assets
9,340
5,543
--------
-------
Total assets less current liabilities
10,170
6,973
--------
-------
Net assets
10,170
6,973
--------
-------
Capital and reserves
Called up share capital
8
100
100
Profit and loss account
10,070
6,873
--------
-------
Shareholders funds
10,170
6,973
--------
-------
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.
For the year ending 31 March 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 her responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
Orchid Rehabilitation Limited
Statement of Financial Position (continued)
31 March 2024
These financial statements were approved by the board of directors and authorised for issue on 14 January 2025 , and are signed on behalf of the board by:
Ms H J Adams
Director
Company registration number: 11611607
Orchid Rehabilitation Limited
Notes to the Financial Statements
Year ended 31 March 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 146 New London Road, Chelmsford, Essex, CM2 0AW, England.
2. Statement of compliance
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for goods supplied and services rendered, stated net of discounts and of Value Added Tax.
Income tax
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Tangible assets
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
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:
Equipment
-
20% straight line
Financial instruments
Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as either financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.
Defined contribution plans
Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund. When contributions are not expected to be settled wholly within 12 months of the end of the reporting date in which the employees render the related service, the liability is measured on a discounted present value basis. The unwinding of the discount is recognised as a finance cost in profit or loss in the period in which it arises.
4. Employee numbers
The average number of persons employed by the company during the year amounted to 1 (2023: 2 ).
5. Tangible assets
Equipment
£
Cost
At 1 April 2023 and 31 March 2024
3,000
-------
Depreciation
At 1 April 2023
1,570
Charge for the year
600
-------
At 31 March 2024
2,170
-------
Carrying amount
At 31 March 2024
830
-------
At 31 March 2023
1,430
-------
6. Debtors
2024
2023
£
£
Trade debtors
1,461
2,795
Prepayments and accrued income
286
270
-------
-------
1,747
3,065
-------
-------
7. Creditors: amounts falling due within one year
2024
2023
£
£
Accruals and deferred income
1,866
1,860
Corporation tax
4,795
4,584
Director loan accounts
81
110
Other creditors
17
17
-------
-------
6,759
6,571
-------
-------
8. Called up share capital
Issued, called up and fully paid
2024
2023
No.
£
No.
£
A Ordinary shares of £ 1 each
50
50
50
50
B Ordinary shares of £ 1 each
50
50
50
50
----
----
----
----
100
100
100
100
----
----
----
----
9. Related party transactions
At the year end the company owed its director £81 (2023: £110) in the form of a loan account. This loan, which is shown amongst creditors, is interest free and repayable on demand.