Popeswood Construction Ltd - Accounts

Popeswood Construction Ltd - Accounts

POPESWOOD CONSTRUCTION LTD - Company Information

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Registered Number : 08908391
England and Wales

 

 

 

POPESWOOD CONSTRUCTION LTD


Abbreviated Accounts
 


Period of accounts

Start date: 24 February 2014

End date: 28 February 2015

Popeswood Construction Ltd
Contents Page
For the period ended 28 February 2015
As described in the balance sheet you are responsible for the preparation of the financial statements for the period ended 28 February 2015 and you consider that the company is exempt from an audit under the Companies Act 2006. In accordance with your instructions, we have compiled these unaudited financial statements in order to assist you to fulfil your statutory responsibilities, from the accounting records and information and explanations supplied to us.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Popeswood Construction Ltd for the period ended 28 February 2015 which comprise the Profit and Loss Account, the Balance Sheet, and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at http://rulebook.accaglobal.com.

This report is made solely to the Board of Directors of Popeswood Construction Ltd, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Popeswood Construction Ltd and state those matters that we have agreed to state to the Board of Directors of Popeswood Construction Ltd, as a body, in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/factsheet163. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Popeswood Construction Ltd has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Popeswood Construction Ltd. You consider that Popeswood Construction Ltd is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Popeswood Construction Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.




....................................................
Allazo Ltd
Berkhamsted House
121 Berkhamsted High Street
Berkhamsted
HP4 2DJ
27 October 2015

1
 
 		 Notes
 		 2015
£
Fixed assets    
Intangible fixed assets 2 46,106 
46,106 
Current assets    
Debtors 5,440 
Cash at bank and in hand 109 
5,549 
Creditors: amount falling due within one year (49,848)
Net current assets (44,298)
Total assets less current liabilities 1,808 
Net assets 1,808 

Capital and reserves 		   
Called up share capital 3 100 
Profit and loss account 1,708 
Shareholders funds 1,808 


For the period ended 28 February 2015 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's Responsibilities:
  1. The members have not required the company to obtain an audit of its accounts for the period in question in accordance with section 476
  2. The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts
These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.
Signed on behalf of the board of directors



Date approved by the board: 27 October 2015
2
1.

Accounting Policies

Basis of accounting

The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008).

Turnover

Turnover comprises the invoiced value of goods and services supplied by the company, net of trade discounts.

Intangible assets

Intangible assets (including purchased goodwill and patents) are amortised at rates calculated to write off the assets on a straight line basis over their estimated useful economic lives. Impairment of intangible assets is only reviewed where circumstances indicate that the carrying value of an asset may not be fully recoverable.

Goodwill

Acquired goodwill is stated at cost less amortisation. Amortisation is calculated on a straight line basis over the estimated expected useful economic life of the goodwill of 5 years.

Deferred taxation

Deferred tax is provided, when considered material, in full in respect of taxation deferred by timing differences between the treatment of certain items for taxation and accounting purposes. The deferred tax balance has not been discounted.

2.

Intangible fixed assets

Cost or Valuation Goodwill   Total
  £   £
At 24 February 2014 -    - 
Additions 57,633    57,633 
Disposals -    - 
At 28 February 2015 57,633    57,633 
Amortisation
At 24 February 2014 -    - 
Charge for period 11,527    11,527 
On disposals -    - 
At 28 February 2015 11,527    11,527 
Net book values
At 28 February 2015 46,106    46,106 
At 24 February 2014 -    - 



3.

Share Capital

Allotted
2015
£
100 Ordinary shares of £1.00 each 100 
100 

3