Popina's Ltd - Abbreviated accounts 16.1

POPINA'S LTD

Abbreviated Unaudited Accounts

for the Year Ended 31 October 2015

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

Chartered Accountants' Report

4

DIRECTOR:

S Dushi

REGISTERED OFFICE:

4 Northwest Business Park

Servia Hill

Leeds

West Yorkshire

LS6 2QH

REGISTERED NUMBER:

06988184 (England and Wales)

ACCOUNTANTS:

Botros & Co

Chartered Accountants

4 Northwest Business Park

Servia Hill

Leeds

West Yorkshire

LS6 2QH

BANKERS:

Lloyds Bank plc

7th Floor

6/7 Park Row

Leeds

West Yorkshire

LS1 1NX

FIXED ASSETS

Tangible assets

2

35,722

41,972

CURRENT ASSETS

Stocks

1,000

2,550

Cash at bank and in hand

2,555

7,418

3,555

9,968

CREDITORS

Amounts falling due within one year

14,983

10,657

NET CURRENT LIABILITIES

(11,428

)

(689

)

TOTAL ASSETS LESS CURRENT
LIABILITIES

24,294

41,283

CREDITORS

Amounts falling due after more than one
year

3

18,323

36,181

NET ASSETS

5,971

5,102

CAPITAL AND RESERVES

Called up share capital

4

100

Profit and loss account

5,871

5,002

SHAREHOLDERS' FUNDS

5,971

5,102

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 October 2015.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 2015 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:

(a)	ensuring that the company keeps 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
Sections 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.

The abbreviated accounts have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.

The financial statements were approved by the director on 14 December 2015 and were signed by:

S Dushi - Director

1.	ACCOUNTING POLICIES

Accounting convention

The financial statements have been prepared under the historical cost convention and in accordance with the

Financial Reporting Standard for Smaller Entities (effective January 2015).

Turnover

Turnover represents net invoiced sales of goods, excluding value added tax.

Tangible fixed assets

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

Short leasehold

-

in accordance with the property

Plant and machinery

-

15% on reducing balance

Fixtures and fittings

-

15% on reducing balance

Computer equipment

-

33% on cost

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and

slow moving items.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the

balance sheet date.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 November 2014

and 31 October 2015

69,074

DEPRECIATION

At 1 November 2014

27,102

Charge for year

6,250

At 31 October 2015

33,352

NET BOOK VALUE

At 31 October 2015

35,722

At 31 October 2014

41,972

3.

CREDITORS

Creditors include the following debts falling due in more than five years:

31.10.15

31.10.14

£

Repayable otherwise than by instalments

10,000

25,000

4.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.10.15

31.10.14

value:

£

100

Ordinary

£1

100

The following reproduces the text of the report prepared for the director in respect of the company's annual

unaudited financial statements, from which the unaudited abbreviated accounts (set out on pages two to three)

have been prepared.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the

financial statements of Popina's Ltd for the year ended 31 October 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 Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at icaew.com/membershandbook.

This report is made solely to the director of Popina's Ltd in accordance with the terms of our engagement letter dated 12 August 2009. Our work has been undertaken solely to prepare for your approval the financial statements of Popina's Ltd and state those matters that we have agreed to state to the director of Popina's Ltd in this report in accordance with AAF 2/10 as detailed at icaew.com/compilation. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and its director for our work or for this report.

It is your duty to ensure that Popina's 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 Popina's Ltd. You consider that Popina's 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 Popina's 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.

Botros & Co

Chartered Accountants

4 Northwest Business Park

Servia Hill

Leeds

West Yorkshire

LS6 2QH

14 December 2015