General Information
Origin Co. And Ltd is a private company, limited by shares, registered in England and Wales, registration number 11816441, registration address 26 Bridge Road East, Welwyn Garden City, Hertfordshire, AL7 1HL.
The presentation currency is £ sterling.
| 1. |
Accounting policies
Significant accounting policies
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)
Going concern basis
The directors believe that the company is experiencing good levels of sales growth and profitability, and that it is well placed to manage its business risks successfully. Accordingly, they have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus they continue to adopt the going concern basis of accounting in preparing the financial statements.
Turnover
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
Foreign currencies
Monetary assets and liabilities denominated in foreign currencies are translated into sterling at the rate of exchange ruling at the balance sheet date. Transactions in foreign currencies are recorded at the rate ruling at the date of the transaction. All foreign exchange differences are included to the profit and loss account.
Taxation
Taxation represents the sum of tax currently payable and deferred tax. Tax is recognised in the statement of income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves.
The company’s liability for current tax is calculated using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Current and deferred tax assets and liabilities are not discounted
Dividends
Proposed dividends are only included as liabilities in the balance sheet when their payment has been approved by the shareholders prior to the balance sheet date.
Tangible fixed assets
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
| Computer Equipment |
4 Straight Line
|
| Fixtures and Fittings |
4 Straight Line
|
| Plant and machinery |
4 Straight Line
|
| Motor Vehicles |
4 Straight Line
|
Stocks
Stocks are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow moving items. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads.
|
| 2. |
Average number of employees
Average number of employees during the year was 3 (2025 : 3).
|
| 3. |
Tangible fixed assets
| Cost or valuation |
Plant and machinery |
|
Motor Vehicles |
|
Fixtures and Fittings |
|
Computer Equipment |
|
Total |
| |
£ |
|
£ |
|
£ |
|
£ |
|
£ |
| At 01 March 2025 |
474 |
|
45,612 |
|
13,972 |
|
15,175 |
|
75,233 |
| Additions |
- |
|
- |
|
- |
|
7,502 |
|
7,502 |
| Disposals |
- |
|
- |
|
- |
|
- |
|
- |
| At 28 February 2026 |
474 |
|
45,612 |
|
13,972 |
|
22,677 |
|
82,735 |
| Depreciation |
| At 01 March 2025 |
246 |
|
17,074 |
|
5,799 |
|
8,325 |
|
31,444 |
| Charge for year |
119 |
|
11,403 |
|
3,493 |
|
3,885 |
|
18,900 |
| On disposals |
- |
|
- |
|
- |
|
- |
|
- |
| At 28 February 2026 |
365 |
|
28,477 |
|
9,292 |
|
12,210 |
|
50,344 |
| Net book values |
| Closing balance as at 28 February 2026 |
109 |
|
17,135 |
|
4,680 |
|
10,467 |
|
32,391 |
| Opening balance as at 01 March 2025 |
228 |
|
28,538 |
|
8,173 |
|
6,850 |
|
43,789 |
|
| 4. |
Share Capital
Authorised
1 Class A share of £1.00 each
Allotted, called up and fully paid
|
28/02/2026
£ |
|
28/02/2025
£ |
|
1
Class A share of £1.00 each |
1 |
|
1 |
|
1 |
|
1 |
|
2
|