Pope Accountancy Ltd,Ltd - AccountsLtd - Accounts

Pope Accountancy Ltd,Ltd - AccountsLtd - Accounts

POPE ACCOUNTANCY LTD - Company Information

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2022-04-01 08807088 2023-03-31 08807088 2022-04-01 2023-03-31 08807088 2022-03-31 08807088 2021-04-01 2022-03-31 08807088 uk-core:WithinOneYear 2022-03-31 08807088 uk-core:WithinOneYear 2023-03-31 08807088 uk-core:ShareCapital 2023-03-31 08807088 uk-core:ShareCapital 2022-03-31 08807088 uk-core:RetainedEarningsAccumulatedLosses 2023-03-31 08807088 uk-core:RetainedEarningsAccumulatedLosses 2022-03-31 08807088 uk-bus:Director1 2022-04-01 2023-03-31 08807088 uk-core:ToolsEquipment 2022-04-01 2023-03-31 08807088 uk-core:FurnitureFittings 2022-04-01 2023-03-31 08807088 uk-core:ToolsEquipment 2022-03-31 08807088 uk-core:FurnitureFittings 2022-03-31 08807088 uk-core:FurnitureFittings 2023-03-31 08807088 uk-core:ToolsEquipment 2023-03-31 iso4217:GBP xbrli:pure 08807088 uk-bus:AuditExempt-NoAccountantsReport 2022-04-01 2023-03-31 08807088 uk-bus:FRS102 2022-04-01 2023-03-31 08807088 uk-bus:FullAccounts 2022-04-01 2023-03-31 08807088 uk-bus:PrivateLimitedCompanyLtd 2022-04-01 2023-03-31
Pope Accountancy Ltd
Registered Number:08807088
For the year ended 31 March 2023
England and Wales
Unaudited Financial Statements
2
For the year ended 31 March 2023
Pope Accountancy Ltd
Contents Page
1
Statement of Financial Position
2 to 4
Notes to the Financial Statements
3
Registered Number :
08807088
As at 31 March 2023
Pope Accountancy Ltd
Statement of Financial Position
£
£
2022
2023
Notes
Fixed assets
Property, plant and equipment
5,286
3,523
2
5,286
3,523
Current assets
Inventories
3,897
3,956
3
Trade and other receivables
10,954
7,725
4
29,677
Cash and cash equivalents
31,145
42,826
44,528
Trade and other payables: amounts falling due within one
year
(6,210)
(6,480)
5
38,318
36,346
Net current assets
Total assets less current liabilities
41,632
41,841
(1,306)
(870)
Provisions for liabilities
40,326
Net assets
40,971
Capital and reserves
Called up share capital
200
200
Retained earnings
40,126
40,771
40,326
40,971
Shareholders' funds
For the year ended 31 March 2023 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 2023 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 03 August 2023 and were signed by:
The notes form part of these financial statements
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4
For the year ended 31 March 2023
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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5
For the year ended 31 March 2023
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 2022
9,852
8,454
1,398
4,376
4,301
75
Additions
(1,704)
-
Disposals
(1,704)
At 31 March 2023
1,473
11,051
12,524
Provision for depreciation and impairment
At 01 April 2022
6,329
5,960
369
Charge for year
2,613
2,313
300
(1,704)
(1,704)
-
On disposal
At 31 March 2023
7,238
6,569
669
At 31 March 2023
Net book value
804
4,482
5,286
At 31 March 2022
1,029
2,494
3,523
3. Inventories
2022
2023
£
£
Stocks
3,956
3,897
Inventories includes stock and work in progress.
4. Trade and other receivables
2022
2023
£
£
Trade debtors
5,113
8,475
Other debtors
2,612
2,479
10,954
7,725
5. Trade and other payables: amounts falling due within one year
2022
2023
£
£
Taxation and social security
3,931
4,748
Other creditors
2,549
1,462
6,480
6,210
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6
For the year ended 31 March 2023
Pope Accountancy Ltd
Notes to the Financial Statements Continued
6. Related party transactions
Director and Shareholder
The balance outstanding at period end was £1,092 (2022: £676), 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 2 (2022 : 2) including director's.
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