Acopia Group Ltd - Abbreviated accounts 16.1

REGISTERED NUMBER: 09150714 (England and Wales)

Abbreviated Unaudited Accounts

for the Year Ended 31st December 2015

for

Acopia Group Ltd

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

DIRECTORS:

WA Lynes

TM Lynes

R J Lynes

R Lynes

REGISTERED OFFICE:

2/4 Ash Lane

Rustington

West Sussex

BN16 3BZ

REGISTERED NUMBER:

09150714 (England and Wales)

ACCOUNTANTS:

Lucraft, Hodgson & Dawes LLP

Chartered Accountants

2/4 Ash Lane

Rustington

West Sussex

BN16 3BZ

FIXED ASSETS

Intangible assets

2

279,500

357,500

Tangible assets

3

199,660

283,051

Investments

4

125,000

604,160

765,551

CURRENT ASSETS

Stocks

486,274

545,968

Debtors

1,041,767

1,321,727

Cash at bank and in hand

445,927

105,511

1,973,968

1,973,206

CREDITORS

Amounts falling due within one year

1,379,193

1,326,973

NET CURRENT ASSETS

594,775

646,233

TOTAL ASSETS LESS CURRENT
LIABILITIES

1,198,935

1,411,784

CREDITORS

Amounts falling due after more than one
year

-

971,594

NET ASSETS

1,198,935

440,190

CAPITAL AND RESERVES

Called up share capital

5

1,000

Profit and loss account

1,197,935

439,190

SHAREHOLDERS' FUNDS

1,198,935

440,190

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

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

The directors acknowledge their 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 Board of Directors on 30th April 2016 and were signed on its behalf by:

TM Lynes - 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.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2014, is being amortised evenly over its estimated useful life of five years.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.

Plant and machinery

-

25% on reducing balance

Fixtures and fittings

-

15% on reducing balance and Over the term of the lease

Motor vehicles

-

25% 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.

Taxation

Current tax is provided at amounts expected to be paid (or recovered) using the tax rates and laws that have

been enacted or substantively enacted by the balance sheet date.

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

balance sheet date.

Hire purchase and leasing commitments

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those

held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance

leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to the profit and loss account over the relevant period. The

capital element of the future payments is treated as a liability.

Rentals paid under operating leases are charged to the profit and loss account on a straight line basis over the

period of the lease.

2.	INTANGIBLE FIXED ASSETS

Total

£

COST

At 1st January 2015

and 31st December 2015

390,000

AMORTISATION

At 1st January 2015

32,500

Amortisation for year

78,000

At 31st December 2015

110,500

NET BOOK VALUE

At 31st December 2015

279,500

At 31st December 2014

357,500

3.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1st January 2015

and 31st December 2015

321,374

DEPRECIATION

At 1st January 2015

38,323

Charge for year

83,391

At 31st December 2015

121,714

NET BOOK VALUE

At 31st December 2015

199,660

At 31st December 2014

283,051

4.	FIXED ASSET INVESTMENTS

Investments

other

than

loans

£

COST

At 1st January 2015

and 31st December 2015

125,000

NET BOOK VALUE

At 31st December 2015

125,000

At 31st December 2014

125,000

5.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2015

2014

value:

£

1,000

Ordinary

1

1,000