Registered number
00478948
Richard Orton Limited
Filleted Accounts
28 February 2025
Richard Orton Limited
Registered number: 00478948
Balance Sheet
as at 28 February 2025
Notes 2025 2024
£ £
Current assets
Cash at bank and in hand 276,471 361,276
Creditors: amounts falling due within one year 3 (1,148) (458)
Net current assets 275,323 360,818
Total assets less current liabilities 275,323 360,818
Creditors: amounts falling due after more than one year 4 (612) (907)
Net assets 274,711 359,911
Capital and reserves
Called up share capital 2,000 2,000
Profit and loss account 272,711 357,911
Shareholders' funds 274,711 359,911
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.
RC Orton
Director
Approved by the board on 6 May 2025
Richard Orton Limited
Notes to the Accounts
for the year ended 28 February 2025
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).
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. Current tax 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 2025 2024
Number Number
Average number of persons employed by the company 2 2
3 Creditors: amounts falling due within one year 2025 2024
£ £
Trade creditors 328 295
Taxation and social security costs 657 -
Other creditors 163 163
1,148 458
4 Creditors: amounts falling due after one year 2025 2024
£ £
Other creditors 612 907
5 Related party transactions 2025 2024
£ £
Richard Orton Contracts Limited
Associated company
Interest free loan
Amount due from (to) the related party (612) (907)
6 Controlling party
The company is controlled by Mr R Orton and Mrs S Orton.
7 Other information
Richard Orton Limited is a private company limited by shares and incorporated in England. Its registered office is:
Fieldfare
Hordle Lane
Hordle
Lymington
SO41 0HT
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