Company No:
Contents
| Note | 31.03.2025 | |
| £ | ||
| Fixed assets | ||
| Tangible assets | 3 |
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| 3,269 | ||
| Current assets | ||
| Debtors | 4 |
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| Investments | 5 |
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| Cash at bank and in hand |
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| 25,059 | ||
| Creditors: amounts falling due within one year | 6 | (
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| Net current assets | 4,341 | |
| Total assets less current liabilities | 7,610 | |
| Net assets |
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| Capital and reserves | ||
| Called-up share capital |
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| Profit and loss account |
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| Total shareholder's funds |
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Directors' responsibilities:
The financial statements of Orchard Medical & Psychiatric Services Ltd (registered number:
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Dr D Masud
Director |
The principal accounting policies are summarised below. They have all been applied consistently throughout the financial period, unless otherwise stated.
Orchard Medical & Psychiatric Services Ltd (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is 8 The Courtyard Wyncolls Road, Severalls Industrial Park, Colchester, CO4 9PE, United Kingdom.
The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.
The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.
The directors have assessed the Statement of Financial Position and likely future cash flows at the date of approving these financial statements. The directors have a reasonable expectation that the Company has adequate resources to continue in operational existence and to meet its financial obligations as they fall due for at least 12 months from the date of signing these financial statements. Accordingly, they continue to adopt the going concern basis in preparing the financial statements.
The company's first accounting period is from incorporation on 2 November 2023 to 31 March 2025.
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Statement of Financial Position date.
| Computer equipment |
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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.
Assets, other than those measured at fair value, are assessed for indicators of impairment at each Statement of Financial Position date. If there is objective evidence of impairment, an impairment loss is recognised in the Income Statement as described below.
Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.
Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the Company after deducting all of its liabilities.
Financial assets and liabilities are only offset in the Balance Sheet when, and only when there exists a legally enforceable right to set off the recognised amounts and the Company intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.
Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.
| Period from 02.11.2023 to 31.03.2025 |
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| Number | |
| Monthly average number of persons employed by the Company during the period, including directors |
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| Computer equipment | Total | ||
| £ | £ | ||
| Cost | |||
| At 02 November 2023 |
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| Additions |
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| At 31 March 2025 |
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| Accumulated depreciation | |||
| At 02 November 2023 |
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| Charge for the financial period |
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| At 31 March 2025 |
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| Net book value | |||
| At 31 March 2025 |
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| 31.03.2025 | |
| £ | |
| Trade debtors |
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| Amounts owed by Parent undertakings |
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| Prepayments |
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| 31.03.2025 | |
| £ | |
| Listed investments – at fair value |
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| 31.03.2025 | |
| £ | |
| Trade creditors |
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| Amounts owed to directors |
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| Accruals |
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| Corporation tax |
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