Accounts filed on 31-12-2015

Accounts filed on 31-12-2015

SIMON COY LIMITED - Company Information

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SIMON COY LIMITED

Company Registration Number:
09187596 (England and Wales)

Abbreviated (Unaudited) Accounts

Period of accounts

Start date: 22 August 2014

End date: 31 December 2015

SIMON COY LIMITED

Abbreviated Balance sheet

As at 31 December 2015


Notes		 16 months to
31 Dec 2015
£
Fixed assets
Intangible assets: 2 20,130
Tangible assets: 3 809
Total fixed assets: 20,939
Current assets
Debtors: 4,244
Cash at bank and in hand: 675
Total current assets: 4,919
Creditors: amounts falling due within one year: ( 29,764 )
Net current assets (liabilities): ( 24,845 )
Total assets less current liabilities: ( 3,906 )
Creditors: amounts falling due after more than one year: ( 19,099 )
Provision for liabilities: ( 162 )
Total net assets (liabilities): ( 23,167 )

The notes form part of these financial statements

SIMON COY LIMITED

Balance sheet continued

As at 31 December 2015


Notes		 16 months to
31 Dec 2015
£
Capital and reserves
Called up share capital: 4 1
Profit and loss account: ( 23,168 )
Shareholders funds: ( 23,167 )

For the year ending 31 December 2015 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Act 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 and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008).

The financial statements were approved by the Board of Directors on 21 May 2016

SIGNED ON BEHALF OF THE BOARD BY:

Name: S R Coy
Status: Director

The notes form part of these financial statements

SIMON COY LIMITED

Notes to the Abbreviated Accounts

for the Period Ended 31 December 2015

  • 1. Accounting policies

    Basis of measurement and preparation of accounts

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

    Turnover policy

    The turnover shown in the profit and loss account represents revenue recognised by the company in respect of goods and services supplied during the period, exclusive of value added tax and trade discounts.

    Tangible fixed assets depreciation policy

    Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

    Office equipment – 33.33% straight line.

    Intangible fixed assets amortisation policy

    The licence fee purchased for the operation of The Business Network Peterborough is being amortised evenly over its useful economic life of four years.

    Goodwill, being the amount paid for The Business Network South Manchester, is being amortised evenly over its estimated useful economic life of 5 years.

    Other accounting policies

    Deferred tax
    Deferred taxation is provided in full in respect of taxation deferred by timing differences between the treatment of certain items for taxation and accounting purposes.

    Going concern
    The company has net current liabilities of £24,844 as at the balance sheet date. The director is prepared to support the company for the next 12 months of trading and the accounts have therefore been prepared on a going concern basis.

SIMON COY LIMITED

Notes to the Abbreviated Accounts

for the Period Ended 31 December 2015

  • 2. Intangible assets

    Total
    Cost £
    Additions: 23,064
    Disposals: 0
    Revaluations: 0
    Transfers: 0
    31 December 2015: 23,064
    Amortisation
    Provided during the period: 2,934
    On disposals: 0
    Other Adjustments: 0
    31 December 2015: 2,934
    Net book value
    31 December 2015: 20,130

SIMON COY LIMITED

Notes to the Abbreviated Accounts

for the Period Ended 31 December 2015

  • 3. Tangible assets

    Total
    Cost £
    Additions: 1,266
    Disposals: 0
    Revaluations: 0
    Transfers: 0
    31 December 2015: 1,266
    Depreciation
    Charge for year: 457
    On disposals: 0
    Other adjustments: 0
    31 December 2015: 457
    Net book value
    31 December 2015: 809

SIMON COY LIMITED

Notes to the Abbreviated Accounts

for the Period Ended 31 December 2015

  • 4. Called up share capital

    Allotted, called up and paid

    Current period 16 months to
    31 Dec 2015
    Class Number of shares Nominal value per share (£) Total (£)
    Ordinary shares: 1 1.00 1
    Preference shares: 0
    Total share capital (£): 1