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Registered number: 03523398
ORANGE TREE TRADING (UK) LIMITED
Unaudited Financial Statements
For The Year Ended 30 June 2024
Contents
Page
Statement of Financial Position 1—2
Notes to the Financial Statements 3—7
Page 1
Statement of Financial Position
Registered number: 03523398
2024 2023
Notes £ £ £ £
FIXED ASSETS
Intangible Assets 4 2 2
Tangible Assets 5 21,820 25,119
21,822 25,121
CURRENT ASSETS
Stocks 6 147,245 159,288
Debtors 7 15,805 27,469
Cash at bank and in hand 28,526 823
191,576 187,580
Creditors: Amounts Falling Due Within One Year 8 (215,142 ) (208,608 )
NET CURRENT ASSETS (LIABILITIES) (23,566 ) (21,028 )
TOTAL ASSETS LESS CURRENT LIABILITIES (1,744 ) 4,093
Creditors: Amounts Falling Due After More Than One Year 9 (35,623 ) (19,928 )
PROVISIONS FOR LIABILITIES
Deferred Taxation (3,309 ) (3,753 )
NET LIABILITIES (40,676 ) (19,588 )
CAPITAL AND RESERVES
Called up share capital 10 2 2
Income Statement (40,678 ) (19,590 )
SHAREHOLDERS' FUNDS (40,676) (19,588)
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For the year ending 30 June 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges her responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Income Statement.
On behalf of the board
Ms L Case
Director
25/06/2025
The notes on pages 3 to 7 form part of these financial statements.
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Notes to the Financial Statements
1. General Information
ORANGE TREE TRADING (UK) LIMITED is a private company, limited by shares, incorporated in England & Wales, registered number 03523398 . The registered office is Darts Farm Shopping Village, Topsham, Exeter, Devon, EX3 0QH.
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 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. 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 is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
2.3. Intangible Fixed Assets and Amortisation - Goodwill
Goodwill arises on business acquisitions and represents the excess of the cost of the acquisition over the company's interest in the net amount of the identifiable assets, liabilities and contingent liabilities of the acquired business.
Goodwill is measured at cost less accumulated amortisation and accumulated impairment losses. It is amortised on a straight line basis over its useful life. Where a reliable estimate of the useful life of goodwill or intangible assets cannot be made, the life is presumed not to exceed ten years.
2.4. Intangible Fixed Assets and Amortisation - Other Intangible
Intangible assets are initially recorded at cost, and are subsequently stated at cost less any accumulated amortisation and impairment losses. Any intangible assets carried at a revalued amount, are recorded at the fair value at the date of revaluation, as determined by reference to an active market, less any subsequent accumulated amortisation and subsequent accumulated impairment losses.
Intangible assets acquired as part of a business combination are only recognised separately from goodwill when they arise from contractual or other legal rights, are separable, the expected future economic benefits are probable and the cost or value can be measured reliably.
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2.5. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Leasehold 10% straight line
Motor Vehicles 20% straight line
Fixtures & Fittings 15% reducing balance
Computer Equipment 25% reducing balance
2.6. Stocks and Work in Progress
Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.
2.7. Financial Instruments
Financial instruments are classified and accounted for according to the substance of the contractual arrangement, as either financial assets, financiel 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.
2.8. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
Current and deferred tax are recognised in profit or loss for the year, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case current and deferred tax are recognised in other comprehensive income or directly in equity respectively.
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2.9. Provisions
Provisions are recognised when the entity has an obligation at the reporting date as a result of a past event; it is probable that the entity will be required to transfer economic benefits in settlement and the amount of the obligation can be estimated reliably. Provisions are recognised as a liability in the statement of financial position and the amount of the provision as an expense.
Provisions are initially measured at the best estimate of the amount required to settle the obligation at the reporting date and subsequently reviewed at each reporting date and adjusted to reflect the current best estimate of the amount that would be required to settle the obligation. Any adjustments to the amounts previously recognised are recognised in profit or loss unless the provision was originally recognised as part of the cost of an asset. When a provision is measured at the present value of the amount expected to be required to settle the obligation, the unwinding of the discount is recognised in finance costs in profit or loss in the period it arises.
2.10. 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 in finance costs in profit or loss in the period in which it arises. 
2.11. Impairment
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date.
When it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs.  The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that are largely independent of the cash inflows from other assets or groups of assets.
For impairment testing of goodwill, the goodwill acquired in a business combination is, from the acquisition date, allocated to each of the cash-generating units that are expected to benefit from the synergies of the combination, irrespective of whether other assets or liabilities of the company are assigned to those units.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 10 (2023: 9)
10 9
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4. Intangible Assets
Goodwill Other Total
£ £ £
Cost
As at 1 July 2023 60,000 21,349 81,349
As at 30 June 2024 60,000 21,349 81,349
Amortisation
As at 1 July 2023 59,999 21,348 81,347
As at 30 June 2024 59,999 21,348 81,347
Net Book Value
As at 30 June 2024 1 1 2
As at 1 July 2023 1 1 2
5. Tangible Assets
Land & Property
Leasehold Motor Vehicles Fixtures & Fittings Computer Equipment Total
£ £ £ £ £
Cost
As at 1 July 2023 9,171 11,500 100,020 51,075 171,766
Additions - - - 2,428 2,428
Disposals - - - (6,351 ) (6,351 )
As at 30 June 2024 9,171 11,500 100,020 47,152 167,843
Depreciation
As at 1 July 2023 9,170 11,499 82,118 43,860 146,647
Provided during the period - - 2,686 2,203 4,889
Disposals - - - (5,513 ) (5,513 )
As at 30 June 2024 9,170 11,499 84,804 40,550 146,023
Net Book Value
As at 30 June 2024 1 1 15,216 6,602 21,820
As at 1 July 2023 1 1 17,902 7,215 25,119
6. Stocks
2024 2023
£ £
Stock 147,245 159,288
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7. Debtors
2024 2023
£ £
Due within one year
Trade debtors 25 25
Prepayments and accrued income 10,624 12,062
Other debtors 185 -
Corporation tax recoverable assets 4,971 8,766
VAT - 6,616
15,805 27,469
8. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 129,198 127,462
Bank loans and overdrafts 13,049 13,960
Other loans 10,000 10,000
Other taxes and social security 847 6,355
VAT 6,358 -
Other creditors 16,612 16,339
Accruals 14,689 12,449
Other tax 300 300
Pension 26 974
Director's loan account 15,192 16,042
Payments on account 8,871 4,727
215,142 208,608
A Debenture was created on 9 January 2007 in respect of any liabilities owing to The Royal Bank of Scotland Plc.
9. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Bank loans 35,623 19,928
10. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 2 2
11. Ultimate Controlling Party
The Company is under control by the director who owns 100% of the issued share capital.
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