Pope Accountancy Ltd,Ltd - AccountsLtd - Accounts

Pope Accountancy Ltd,Ltd - AccountsLtd - Accounts

POPE ACCOUNTANCY LTD - Company Information

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2020-04-01 08807088 2021-03-31 08807088 2020-04-01 2021-03-31 08807088 2020-03-31 08807088 2019-04-01 2020-03-31 08807088 uk-core:WithinOneYear 2020-03-31 08807088 uk-core:WithinOneYear 2021-03-31 08807088 uk-core:AfterOneYear 2020-03-31 08807088 uk-core:AfterOneYear 2021-03-31 08807088 uk-core:ShareCapital 2021-03-31 08807088 uk-core:ShareCapital 2020-03-31 08807088 uk-core:RetainedEarningsAccumulatedLosses 2021-03-31 08807088 uk-core:RetainedEarningsAccumulatedLosses 2020-03-31 08807088 uk-bus:Director1 2020-04-01 2021-03-31 08807088 uk-core:ToolsEquipment 2020-04-01 2021-03-31 08807088 uk-core:FurnitureFittings 2020-04-01 2021-03-31 08807088 uk-core:ToolsEquipment 2020-03-31 08807088 uk-core:FurnitureFittings 2020-03-31 08807088 uk-core:FurnitureFittings 2021-03-31 08807088 uk-core:ToolsEquipment 2021-03-31 08807088 uk-core:WithinOneYear 2021-03-31 08807088 uk-core:WithinOneYear 2020-03-31 08807088 uk-core:AfterOneYear uk-core:Secured 2021-03-31 08807088 uk-core:AfterOneYear uk-core:Secured 2020-03-31 iso4217:GBP xbrli:pure 08807088 uk-bus:AuditExempt-NoAccountantsReport 2020-04-01 2021-03-31 08807088 uk-bus:FRS102 2020-04-01 2021-03-31 08807088 uk-bus:FullAccounts 2020-04-01 2021-03-31 08807088 uk-bus:PrivateLimitedCompanyLtd 2020-04-01 2021-03-31
Pope Accountancy Ltd
Registered Number:08807088
For the year ended 31 March 2021
England and Wales
Unaudited Financial Statements
2
For the year ended 31 March 2021
Pope Accountancy Ltd
Contents Page
1
Statement of Financial Position
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Notes to the Financial Statements
3
Registered Number :
08807088
As at 31 March 2021
Pope Accountancy Ltd
Statement of Financial Position
£
£
2020
2021
Notes
Fixed assets
Property, plant and equipment
2,439
-
2
2,439
-
Current assets
Inventories
2,585
2,041
3
Trade and other receivables
10,591
9,089
4
8,410
Cash and cash equivalents
37,569
48,699
21,586
Trade and other payables: amounts falling due within one
year
(5,329)
(9,223)
5
16,257
39,476
Net current assets
Total assets less current liabilities
41,915
16,257
Trade and other payables: amounts falling due after more
than one year
-
(12,148)
6
(463)
-
Provisions for liabilities
29,304
Net assets
16,257
Capital and reserves
Called up share capital
200
200
Retained earnings
29,104
16,057
29,304
16,257
Shareholders' funds
For the year ended 31 March 2021 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 2021 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.
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4
Registered Number :
08807088
For the year ended 31 March 2021
Pope Accountancy Ltd
Statement of Financial Position Continued
Helen Pope Director
These financial statements were approved and authorised for issue by the Board on 20 July 2021 and were signed by:
The notes form part of these financial statements
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5
For the year ended 31 March 2021
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
Inventories are value 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 where applicable.
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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6
For the year ended 31 March 2021
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 2020
5,254
4,705
549
3,231
3,120
111
Additions
-
(150)
Disposals
(150)
At 31 March 2021
510
7,825
8,335
Provision for depreciation and impairment
At 01 April 2020
5,254
4,705
549
Charge for year
792
780
12
(150)
-
(150)
On disposal
At 31 March 2021
5,896
5,485
411
At 31 March 2021
Net book value
99
2,340
2,439
At 31 March 2020
-
-
-
3. Inventories
2020
2021
£
£
Stocks
2,041
2,585
4. Trade and other receivables
2020
2021
£
£
Trade debtors
6,393
8,087
Other debtors
2,696
2,504
10,591
9,089
5. Trade and other payables: amounts falling due within one year
2020
2021
£
£
Bank loans and overdraft
2,852
-
Taxation and social security
4,943
4,056
Other creditors
1,428
1,273
9,223
5,329
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7
For the year ended 31 March 2021
Pope Accountancy Ltd
Notes to the Financial Statements Continued
6. Trade and other payables: amounts falling due after more than one year
2020
2021
£
£
Bank loans and overdraft
12,148
-
7. Related party transactions
Helen Pope
Director and Shareholder
The balance outstanding to Mrs Pope at period end was £150 (2020: £89), this loan is short term repayable on
demand and is not interest bearing.
8. Average number of persons employed
During the year the average number of employees was 2 (2020 : 2) including director's.
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