Company registration number 03679119 (England and Wales)
ORCHARD HIRE AND SALES LTD
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024
PAGES FOR FILING WITH REGISTRAR
ORCHARD HIRE AND SALES LTD
CONTENTS
Page
Statement of financial position
1 - 2
Notes to the financial statements
3 - 5
ORCHARD HIRE AND SALES LTD
STATEMENT OF FINANCIAL POSITION
AS AT
31 DECEMBER 2024
31 December 2024
- 1 -
2024
2023
Notes
£
£
£
£
Fixed assets
Tangible assets
3
461,398
490,949
Current assets
Stocks
269,932
222,763
Debtors
334,181
246,486
Cash at bank and in hand
166,083
123,441
770,196
592,690
Creditors: amounts falling due within one year
(280,579)
(142,090)
Net current assets
489,617
450,600
Total assets less current liabilities
951,015
941,549
Provisions for liabilities
(96,127)
(88,511)
Net assets
854,888
853,038
Capital and reserves
Called up share capital
4
95
95
Capital redemption reserve
5
5
Profit and loss reserves
854,788
852,938
Total equity
854,888
853,038
ORCHARD HIRE AND SALES LTD
STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT
31 DECEMBER 2024
31 December 2024
- 2 -

For the financial year ended 31 December 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

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 directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with section 444 of the Companies Act 2006, all of the members of the company have consented to the preparation of abridged financial statements pursuant to paragraph 1A of Schedule 1 to the Small Companies and Groups (Accounts and Directors’ Report) Regulations (SI 2008/409)(b).

The directors of the company have elected not to include a copy of the income statement within the financial statements.true

The financial statements were approved by the board of directors and authorised for issue on 11 June 2025 and are signed on its behalf by:
Mr A B Snape
Director
Company registration number 03679119 (England and Wales)
ORCHARD HIRE AND SALES LTD
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024
- 3 -
1
Accounting policies
Company information

Orchard Hire and Sales Ltd is a private company limited by shares incorporated in England and Wales. The registered office is Willow End, Stoke Orchard Road, Bishops Cleeve, Cheltenham, United Kingdom, GL52 7DG.

1.1
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

1.2
Going concern

Atruet the time of approving the financial statements, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus the directors continue to adopt the going concern basis of accounting in preparing the financial statements.

1.3
Turnover

Turnover represents amounts receivable for goods and services net of VAT and trade discounts. Revenue is recognised on completion of work. On long term projects, revenue is recognised at regular intervals up to completion.

1.4
Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Plant and equipment
15% on cost and 15% on reducing balance
Motor vehicles
25% on reducing balance

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

Hire stock is deemed to have a residual value of 25% of cost after five years.

1.5
Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

ORCHARD HIRE AND SALES LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
1
Accounting policies
(Continued)
- 4 -
1.6
Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

 

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the statement of financial position date.

 

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position date. Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

1.7
Retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

2
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

2024
2023
Number
Number
Total
7
8
3
Tangible fixed assets
Total
£
Cost
At 1 January 2024
963,648
Additions
111,938
Disposals
(84,000)
At 31 December 2024
991,586
Depreciation and impairment
At 1 January 2024
472,699
Depreciation charged in the year
102,614
Eliminated in respect of disposals
(45,125)
At 31 December 2024
530,188
Carrying amount
At 31 December 2024
461,398
At 31 December 2023
490,949
ORCHARD HIRE AND SALES LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
- 5 -
4
Called up share capital
2024
2023
2024
2023
Ordinary share capital
Number
Number
£
£
Issued and fully paid
Ordinary of £1 each
95
95
95
95
5
Related party transactions

The company is related to Snape Construction Limited and Snape Contracting Services Ltd by reason of some common directors.

 

The company rents premises from Snape Construction Limited on normal commercial terms. The value of rent payments during the year to 31 December 2024 was £15,000 (2023: £15,000). The company is also charged for electricity usage by Snape Construction Ltd on normal commercial terms. The value of electricity charges during the year to 31 December 2024 was £3,182 (2023: £2,002).

 

The company hires and sells equipment on normal commercial terms to Snape Construction Limited and Snape Contracting Services Ltd. The value of this turnover during the year to 31 December 2024 was £4,156 (2023: £3,882) and £21,959 (2023: £24,650) respectively.

 

The company is charged a management fee by its parent company, Willow Construction (Midlands) Ltd, on normal commercial terms. The value of management charges during the year to 31 December 2024 was £21,000 (2023: £112,605).

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