COCODA Ltd - Period Ending 2016-03-31

Registration number: 05753538

COCODA Ltd
 
  Abbreviated Accounts
 
  for the Year Ended 31 March 2016
 

Tim Phillips & Co. Accountants
Accountants
Cart House 2
Copley Hill Business Park
Cambridge Road
Babraham
Cambridge
CB22 3GN

COCODA Ltd
Contents

Abbreviated Balance Sheet 1

Notes to the Abbreviated Accounts 2 to 3

COCODA Ltd
(Registration number: 05753538)
Abbreviated Balance Sheet at 31 March 2016

		Note			2016 £			2015 £
Fixed assets
Tangible fixed assets					4,057			4,636
Current assets
Debtors					6,941			6,706
Cash at bank and in hand					11,679			8,319
					18,620			15,025
Creditors: Amounts falling due within one year					(16,336)			(11,262)
Net current assets					2,284			3,763
Net assets					6,341			8,399
Capital and reserves
Called up share capital		3			2			2
Profit and loss account					6,339			8,397
Shareholders' funds					6,341			8,399

For the year ending 31 March 2016 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 .

Approved by the Board on 24 November 2016 and signed on its behalf by:

.........................................
D C Hill
Director

The notes on pages 2 to 3 form an integral part of these financial statements.
Page 1

COCODA Ltd
Notes to the Abbreviated Accounts for the Year Ended 31 March 2016
......... continued

1	Accounting policies

Basis of preparation

The full financial statements, from which these abbreviated accounts have been extracted, 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 amounts chargeable, net of value added tax, in respect of the sale of goods and services to customers.

Depreciation

Some assets have been revalued and written off.

Asset class	Depreciation method and rate
Fixtures and fittings	Revaluation
Office equipment	Revaluation
Portable office	10% straight line

Hire purchase and leasing

Rentals payable under operating leases are charged in the profit and loss account on a straight line basis over the lease term.

Financial instruments

Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities. Where shares are issued, any component that creates a financial liability of the company is presented as a liability in the balance sheet. The corresponding dividends relating to the liability component are charged as interest expense in the profit and loss account.

Page 2

COCODA Ltd
Notes to the Abbreviated Accounts for the Year Ended 31 March 2016
......... continued

2	Fixed assets

		Tangible assets £			Total £
Cost
At 1 April 2015		5,794			5,794
At 31 March 2016		5,794			5,794
Depreciation
At 1 April 2015		1,158			1,158
Charge for the year		579			579
At 31 March 2016		1,737			1,737
Net book value
At 31 March 2016		4,057			4,057
At 31 March 2015		4,636			4,636

3	Share capital

Allotted, called up and fully paid shares

	2016						2015
		No.			£			No.			£
Ordinary A of £1 each		1			1			1			1
Ordinary B of £1 each		1			1			1			1
		2			2			2			2

Page 3