Pope Accountancy Ltd,Ltd - AccountsLtd - Accounts

Pope Accountancy Ltd,Ltd - AccountsLtd - Accounts

POPE ACCOUNTANCY LTD - Company Information

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2018-04-01 08807088 2019-03-31 08807088 2018-04-01 2019-03-31 08807088 2018-03-31 08807088 2017-04-01 2018-03-31 08807088 uk-core:WithinOneYear 2018-03-31 08807088 uk-core:WithinOneYear 2019-03-31 08807088 uk-core:ShareCapital 2019-03-31 08807088 uk-core:ShareCapital 2018-03-31 08807088 uk-core:RetainedEarningsAccumulatedLosses 2019-03-31 08807088 uk-core:RetainedEarningsAccumulatedLosses 2018-03-31 08807088 uk-bus:Director1 2018-04-01 2019-03-31 08807088 uk-core:ToolsEquipment 2018-04-01 2019-03-31 08807088 uk-core:FurnitureFittings 2018-04-01 2019-03-31 08807088 uk-core:ToolsEquipment 2018-03-31 08807088 uk-core:FurnitureFittings 2018-03-31 08807088 uk-core:FurnitureFittings 2019-03-31 08807088 uk-core:ToolsEquipment 2019-03-31 iso4217:GBP xbrli:pure 08807088 uk-bus:AuditExempt-NoAccountantsReport 2018-04-01 2019-03-31 08807088 uk-bus:FRS102 2018-04-01 2019-03-31 08807088 uk-bus:FullAccounts 2018-04-01 2019-03-31 08807088 uk-bus:PrivateLimitedCompanyLtd 2018-04-01 2019-03-31
Pope Accountancy Ltd
Registered Number:08807088
For the year ended 31 March 2019
England and Wales
Unaudited Financial Statements
2
For the year ended 31 March 2019
Pope Accountancy Ltd
Contents Page
1
Statement of Financial Position
2 to 4
Notes to the Financial Statements
3
As at 31 March 2019
Pope Accountancy Ltd
Statement of Financial Position
Registered Number :
08807088
£
£
2018
2019
Notes
Fixed assets
Property, plant and equipment
253
1,102
2
253
1,102
Current assets
Inventories
3,143
3,001
3
Trade and other receivables
6,969
8,252
4
6,673
Cash and cash equivalents
8,193
19,446
16,785
Trade and other payables: amounts falling due within one
year
(13,779)
(8,733)
5
3,006
10,713
Net current assets
Total assets less current liabilities
10,966
4,108
(48)
(209)
Provisions for liabilities
10,918
Net assets
3,899
Capital and reserves
Called up share capital
200
200
Retained earnings
10,718
3,699
10,918
3,899
Shareholders' funds
For the year ended 31 March 2019 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 ended 31 March 2019 in accordance with Section 476 of the Companies Act 2006
The director acknowledges his responsibilities for:a) ensuring that the company keeps proper accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
b) preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of
each financial year and of its profit or loss for each financial year in accordance with the requirements of Section
394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial
statements, so far as applicable to the company.
In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.
The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
Helen Pope Director
These financial statements were approved and authorised for issue by the Board on 10 June 2019 and were signed by:
The notes form part of these financial statements
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4
For the year ended 31 March 2019
Pope Accountancy Ltd
Notes to the Financial Statements
Statutory Information
Pope Accountancy Ltd is a private limited company, limited by shares, domiciled in England and Wales, registration
number 08807088.
Registered address:
38 Taverners Road
Rainham
Gillingham
Kent
ME8 9AN
The presentation currency is £ sterling.
The financial statements relate to trading activities of Pope Accountancy Ltd only. All figures included within the
financial statements are either rounded up or down to the nearest whole pound. Each financial statement is presented
with equal prominence.
1. Accounting policies
Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of Section 1A of Financial
Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the
Companies Act 2006. The financial statements have been prepared under the historical costs convention as
modified by the revaluation of certain assets.
Revenue recognition
Turnover represents amounts receivable for services. Amounts receivable for services performed over time are based upon the stage of completion of the services performed.
Property, plant and equipment
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:
33.33 % Straight line
Computer equipment
25% Straight line
Fixtures and fittings
Inventories
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.
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.
Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme for the benefit of its directors/and employees. Contributions payable are charged to the profit and loss account in the period in which they are payable.
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5
For the year ended 31 March 2019
Pope Accountancy Ltd
Notes to the Financial Statements Continued
2. Property, plant and equipment
Total
Computer
equipment
Fixtures and
fittings
£
£
£
Cost or
valuation
At 01 April 2018
5,254
4,705
549
At 31 March 2019
549
4,705
5,254
Provision for depreciation and impairment
At 01 April 2018
4,152
3,670
482
Charge for year
849
815
34
At 31 March 2019
5,001
4,485
516
At 31 March 2019
Net book value
33
220
253
At 31 March 2018
67
1,035
1,102
3. Inventories
2018
2019
£
£
Stocks
3,001
3,143
4. Trade and other receivables
2018
2019
£
£
Trade debtors
6,064
5,044
Other debtors
2,188
1,925
6,969
8,252
5. Trade and other payables: amounts falling due within one year
2018
2019
£
£
Taxation and social security
7,203
5,538
Other creditors
1,530
8,241
8,733
13,779
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6
For the year ended 31 March 2019
Pope Accountancy Ltd
Notes to the Financial Statements Continued
6. Related party transactions
Helen Pope
Director and Shareholder
Capital was introduced during the period totalling £4,098 (2018: £4,048), to assist the company in meeting its daily
running costs.
Capital was repaid during the period totalling £3,794 (2018: £6,811).
The balance outstanding to Mrs Pope at period end was £675 (2018: £371), this loan is short term repayable on
demand and is not interest bearing.
7. Average number of persons employed
During the year the average number of employees was 1 (2018 : 1)
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