Orchard Cars Limited

	Page
Strategic Report	1
Directors' Report	2
Independent Auditor's Report	3—4
Statement of Income and Retained Earnings	5
Statement of Financial Position	6
Notes to the Financial Statements	7—9

The directors present their report and the financial statements for the year ended 31 December 2024.

Principal Activity

The company is dormant. Its trade used to be that of a motor dealer.

Directors

The directors who held office during the year were as follows:

Mr R F Ward

Mrs C N Willis

Mr P S Ward

Statement of Directors' Responsibilities

The directors are responsible for preparing the Strategic Report, the Directors' Report and the financial statements in accordance with applicable law and regulations.

Company law requires the directors to prepare financial statements for each financial year. Under that law the directors have elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards, comprising FRS102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', and applicable law). Under company law the directors must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the company and of the profit or loss of the company for that period. In preparing the financial statements the directors are required to:

select suitable accounting policies and then apply them consistently;
make judgments and accounting estimates that are reasonable and prudent;
state whether applicable United Kingdom Accounting Standards, comprising FRS102, have been followed subject to any material departures disclosed and explained in the financial statements;
prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business.

The directors are responsible for keeping adequate accounting records that are sufficient to show and explain the company's transactions and disclose with reasonable accuracy at any time the financial position of the company and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

The directors are responsible for the maintenance and integrity of the corporate and financial information included on the company's website. Legislation in the United Kingdom governing the preparation and dissemination of financial statements may differ from legislation in other jurisdictions.

Statement of Disclosure of Information to Auditors

In the case of each director in office at the date the Directors' Report is approved:

so far as the director is aware, there is no relevant audit information of which the company's auditors are unaware; and
they have taken all the steps that they ought to have taken as directors in order to make themselves aware of any relevant audit information and to establish that the company's auditors are aware of that information.

Independent Auditors

The company does not require an audit in future years as it will be small and dormant.

On behalf of the board

Mrs C N Willis

Director

19th June 2025

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Independent Auditor's Report

to the Members of

Orchard Cars Limited

Independent Auditor's Report

Opinion

We have audited the financial statements of Orchard Cars Limited for the year ended 31 December 2024 which comprise the Statement of Income and Retained Earnings, Statement of Financial Position and the related notes, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), including FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland".

In our opinion the financial statements:

give a true and fair view of the state of the company's affairs as at 31 December 2024 and of its result for the year then ended;
have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice; and
have been prepared in accordance with the requirements of the Companies Act 2006.

Basis for Opinion

We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditor's responsibilities for the audit of the financial statements section of our report. We are independent of the company in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC's Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.

Conclusions Relating to Going Concern

In auditing the financial statements, we have concluded that the directors' use of the going concern basis of accounting in the preparation of the financial statements is appropriate.

Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the entity's ability to continue as a going concern for a period of at least 12 months from when the financial statements are authorised for issue.

Our responsibilities and the responsibilities of the directors with respect to going concern are described in the relevant sections of this report.

Other Information

The other information comprises the information included in the annual report, other than the financial statements and our auditor's report thereon. The directors are responsible for the other information contained within the annual report. Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon. In connection with our audit of the financial statements, our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the audit or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether this gives rise to a material misstatement in the financial statements themselves. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact.

We have nothing to report in this regard.

Opinions on Other Matters Prescribed by the Companies Act 2006

In our opinion, based on the work undertaken in the course of the audit:

the information given in the Strategic Report and Directors' Report for the financial year for which the financial statements are prepared is consistent with the financial statements; and
the Strategic Report and Directors' Report have been prepared in accordance with applicable legal requirements.

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Independent Auditor's Report (continued)

to the Members of

Orchard Cars Limited

Matters on Which We Are Required to Report by Exception

In the light of the knowledge and understanding of the company and its environment obtained in the course of the audit, we have not identified material misstatements in the Strategic Report or the Directors' Report.

We have nothing to report in respect of the following matters in relation to which the Companies Act 2006 requires us to report to you if, in our opinion:

adequate accounting records have not been kept, or returns adequate for our audit have not been received from branches not visited by us; or
the financial statements are not in agreement with the accounting records or returns; or
certain disclosures of directors' remuneration specified by law are not made; or
we have not received all the information and explanations we require for our audit.

Responsibilities of Directors

As explained more fully in the Directors' Responsibilities Statement set out on page 2, the directors are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the directors determine is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error.

In preparing the financial statements, the directors are responsible for assessing the company's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the directors either intend to liquidate the company or to cease operations, or have no realistic alternative but to do so.

Auditor's Responsibilities for the Audit of the Financial Statements

Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an auditor's report that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.

We did not require any procedures capable of detecting irregularities, including fraud, given that the company was dormant in the year.

A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council's website www.frc.org.uk/auditorsresponsibilities. This description forms part of our auditor's report.

Use Of Our Report

This report is made solely to the company's members, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might state to the company's members those matters that we are required to state to them in an auditor's report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and the company's members as a body, for our audit work, for this report, or for the opinions we have formed.

Paul Allan Byrne BA (Double Hons) FCA (Senior Statutory Auditor)

for and on behalf of Ascendis Audit Limited , Statutory Auditor

19th June 2025

Ascendis Audit Limited

Unit 3, Building 2, The Colony

Altrincham Road

Wilmslow

Cheshire

SK9 4LY

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Orchard Cars Limited

Statement of Income and Retained Earnings

For The Year Ended 31 December 2024

Statement of Income and Retained Earnings

		2024	2023
	Notes	£	£
TURNOVER		-	21,292,816
Cost of sales		-	(20,007,633 )

GROSS PROFIT		-	1,285,183

Administrative expenses		-	(715,076 )
Other operating income		-	2,016

OPERATING PROFIT	4	-	572,123
Interest payable and similar charges	8	-	(76,607 )

PROFIT BEFORE TAXATION		-	495,516
Tax on Profit	9	-	(127,548 )

PROFIT AFTER TAXATION BEING PROFIT FOR THE FINANCIAL YEAR		-	367,968
RETAINED EARNINGS
As at 1 January 2024		(50,000 )	4,255,681
Dividends paid		-	(4,673,649)
As at 31 December 2024		(50,000 )	(50,000 )

The notes on pages 7 to 9 form part of these financial statements.

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Orchard Cars Limited

Statement of Financial Position

As At 31 December 2024

Statement of Financial Position

Registered number: NI022574

		2024		2023
	Notes	£	£	£	£
CAPITAL AND RESERVES
Called up share capital	10		50,000		50,000
Income Statement			(50,000 )		(50,000 )

On behalf of the board

Mrs C N Willis

Director

19th June 2025

The notes on pages 7 to 9 form part of these financial statements.

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Orchard Cars Limited

Notes to the Financial Statements

For The Year Ended 31 December 2024

Notes to the Financial Statements

1. General Information

Orchard Cars Limited is a private company, limited by shares, incorporated in Northern Ireland, registered number NI022574 . The registered office is 334 Tandragee Road, Portadown, Craigavon, BT62 3RB.

The company became dormant on 31 December 2023.

2. Accounting Policies

2.1. Basis of Preparation of Financial Statements

The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland'' and the Companies Act 2006.

2.2. Financial Reporting Standard 102 - Reduced Disclosure Exemptions

The company has taken advantage of the following disclosure exemptions in preparing these financial statements, as permitted by FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland":

the requirements of Section 7 Statement of Cash Flows and Section 3 Financial Statement Presentation paragraph 3.17 (d);
the requirements of Section 11 Financial Instruments paragraphs 11.42, 11.44, 11.45, 11.47, 11.48 (a) (iii), 11.48 (a) (iv), 11.48 (b) and 11.48 (c);
the requirements of Section 12 Other Financial Instruments Issues paragraphs 12.27, 12.29 (a), 12.29 (b), 12.29A and 12.30;
the requirements of Section 33 Related Party Disclosures paragraph 33.7.

2.3. Turnover

Turnover from the sale of goods was recognised in the Statement of Income and Retained Earnings, net of discounts and value added tax, when the significant risks and rewards of ownership had been transferred to the buyer. In general this occured when vehicles or parts had been supplied or when a service had been completed.

Commission income was accounted for on a receivable basis.

2.4. Taxation

Taxation for the year comprised current and deferred tax. Tax was recognised in the Statement of Income and Retained Earnings, except to the extent that it related to items recognised in Other Comprehensive Income or directly in Equity.

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

2.5. Pensions

The company operated a defined contribution pension scheme. Contributions payable to the company's pension scheme were charged to the Statement of Income and Retained Earnings in the period to which they related.

2.6. Borrowing costs

Borrowing costs were charged to the Statement of Income and Retained Earnings on an accruals basis.

3. Other Operating Income

	2024	2023
	£	£
Other operating income	-	2,016

	-	2,016

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Orchard Cars Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 December 2024

4. Operating Profit

The operating profit is stated after charging:

	2024	2023
	£	£
Bad debts	-	3,500
Depreciation of tangible fixed assets	-	21,022
Profit on disposal of tangible fixed assets	-	(50,698 )

5. Auditor's Remuneration

Remuneration received by the company's auditors and their associates during the year was as follows:

	2024	2023
	£	£
Audit Services
Audit of the company's financial statements	-	3,750

6. Staff Costs

Staff costs, including directors' remuneration, were as follows:

	2024	2023
	£	£
Wages and salaries	-	836,881
Social security costs	-	64,431
Other pension costs	-	12,990

	-	914,302

7. Average Number of Employees

Average number of employees, including directors, during the year was: NIL (2023: 23)

8. Interest Payable and Similar Charges

	2024	2023
	£	£
Other finance charges	-	76,607

9. Tax on Profit

	Tax Rate		2024	2023
The tax charge on the profit for the year was as follows:
	2024	2023	£	£
Current tax
UK Corporation Tax	-	23.5%	-	119,008
Prior period adjustment			-	8,540

			-	127,548


Total tax charge for the period			-	127,548

...CONTINUED

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Orchard Cars Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 December 2024

	2024	2023
The actual charge for the year can be reconciled to the expected charge for the year based on the profit and the standard rate of corporation tax as follows:
	£	£
Profit before tax	-	495,516

Tax on profit at 25% (UK standard rate)	-	116,545
Goodwill/depreciation not allowed for tax	-	86,012
Prior period adjustment	-	8,540
Revenue exempt from taxation	-	(11,924 )
Group relief	-	(71,625 )

Total tax charge for the period	-	127,548

10. Share Capital

	2024	2023
	£	£
Allotted, Called up and fully paid	50,000	50,000

11. Dividends

	2024	2023
	£	£
On equity shares:
Interim dividend paid	-	4,673,649

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