Pope Accountancy Ltd,Ltd - AccountsLtd - Accounts

Pope Accountancy Ltd,Ltd - AccountsLtd - Accounts

POPE ACCOUNTANCY LTD - Company Information

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2019-04-01 08807088 2020-03-31 08807088 2019-04-01 2020-03-31 08807088 2019-03-31 08807088 2018-04-01 2019-03-31 08807088 uk-core:WithinOneYear 2019-03-31 08807088 uk-core:WithinOneYear 2020-03-31 08807088 uk-core:ShareCapital 2020-03-31 08807088 uk-core:ShareCapital 2019-03-31 08807088 uk-core:RetainedEarningsAccumulatedLosses 2020-03-31 08807088 uk-core:RetainedEarningsAccumulatedLosses 2019-03-31 08807088 uk-bus:Director1 2019-04-01 2020-03-31 08807088 uk-core:ToolsEquipment 2019-04-01 2020-03-31 08807088 uk-core:FurnitureFittings 2019-04-01 2020-03-31 iso4217:GBP xbrli:pure 08807088 uk-bus:AuditExempt-NoAccountantsReport 2019-04-01 2020-03-31 08807088 uk-bus:FRS102 2019-04-01 2020-03-31 08807088 uk-bus:FullAccounts 2019-04-01 2020-03-31 08807088 uk-bus:PrivateLimitedCompanyLtd 2019-04-01 2020-03-31
Pope Accountancy Ltd
Registered Number:08807088
For the year ended 31 March 2020
England and Wales
Unaudited Financial Statements
2
For the year ended 31 March 2020
Pope Accountancy Ltd
Contents Page
1
Statement of Financial Position
2 to 3
Notes to the Financial Statements
3
As at 31 March 2020
Pope Accountancy Ltd
Statement of Financial Position
Registered Number :
08807088
£
£
2019
2020
Notes
Fixed assets
Property, plant and equipment
-
253
-
253
Current assets
Inventories
3,001
2,585
2
Trade and other receivables
8,252
10,591
3
8,193
Cash and cash equivalents
8,410
21,586
19,446
Trade and other payables: amounts falling due within one
year
(8,733)
(5,329)
4
10,713
16,257
Net current assets
Total assets less current liabilities
16,257
10,966
-
(48)
Provisions for liabilities
16,257
Net assets
10,918
Capital and reserves
Called up share capital
200
200
Retained earnings
16,057
10,718
16,257
10,918
Shareholders' funds
For the year ended 31 March 2020 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 2020 in accordance with Section 476 of the Companies Act 2006
The director acknowledges her 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 13 August 2020 and were signed by:
The notes form part of these financial statements
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4
For the year ended 31 March 2020
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:
11 Tanglewood Close
Gillingham
Kent
ME8 0PH
The presentation currency is £ sterling.
The financial statements relate to trading activities of Pope Accountancy Ltd only.
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
Property, plant and equipment, 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
Government grants
Government grants received are credited to deferred income. Grants towards capital expenditure are released to the profit and loss account over the expected useful life of the assets. Grants received towards revenue expenditure are released to the profit and loss account as the related expenditure is incurred.
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.
Financial Instruments
The Company only enters into basic financial instrument transactions that result in the recognition of financial assets
and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related
parties and investments in non-puttable ordinary shares.
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5
For the year ended 31 March 2020
Pope Accountancy Ltd
Notes to the Financial Statements Continued
2. Inventories
2019
2020
£
£
Stocks
2,585
3,001
3. Trade and other receivables
2019
2020
£
£
Trade debtors
8,087
6,064
Other debtors
2,504
2,188
8,252
10,591
4. Trade and other payables: amounts falling due within one year
2019
2020
£
£
Taxation and social security
4,056
7,203
Other creditors
1,273
1,530
5,329
8,733
5. Related party transactions
Helen Pope
Director and Shareholder
Capital was introduced during the period totalling £7,476 (2019: £4,098), to assist the company in meeting its daily
running costs.
Capital was repaid during the period totalling £8,062 (2019: £3,794).
The balance outstanding to Mrs Pope at period end was £89 (2019: £675), this loan is short term repayable on
demand and is not interest bearing.
6. Average number of persons employed
During the year the average number of employees was 2 (2019 : 1) including directors.
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