Paul Popper Limited - Abbreviated accounts 16.3
Paul Popper Limited - Abbreviated accounts 16.3
| REGISTERED NUMBER: |
| Paul Popper Limited |
| Abbreviated Unaudited Accounts |
| for the Year Ended 30th April 2016 |
| Paul Popper Limited (Registered number: 01332826) |
| Contents of the Abbreviated Accounts |
| for the year ended 30th April 2016 |
| Page |
| Company Information | 1 |
| Abbreviated Balance Sheet | 2 |
| Notes to the Abbreviated Accounts | 3 | to | 4 |
| Paul Popper Limited |
| Company Information |
| for the year ended 30th April 2016 |
| DIRECTOR: |
| SECRETARY: |
| REGISTERED OFFICE: |
| REGISTERED NUMBER: |
| ACCOUNTANTS: |
| Paul Popper Limited (Registered number: 01332826) |
| Abbreviated Balance Sheet |
| 30th April 2016 |
| 2016 | 2015 |
| Notes | £ | £ | £ | £ |
| FIXED ASSETS |
| Intangible assets | 2 |
| Tangible assets | 3 |
| CURRENT ASSETS |
| Debtors |
| Cash at bank and in hand |
| CREDITORS |
| Amounts falling due within one year |
| NET CURRENT (LIABILITIES)/ASSETS | ( |
) |
| TOTAL ASSETS LESS CURRENT LIABILITIES |
| PROVISIONS FOR LIABILITIES |
| NET ASSETS |
| CAPITAL AND RESERVES |
| Called up share capital | 4 |
| Profit and loss account |
| SHAREHOLDERS' FUNDS |
| 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 financial statements were approved by the director on |
| Paul Popper Limited (Registered number: 01332826) |
| Notes to the Abbreviated Accounts |
| for the year ended 30th April 2016 |
| 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. |
| Intangible fixed asset |
| Intangible fixed assets are valued at historical cost and are amortised over the estimated economic life of the |
| asset on a straight line basis as follows: |
| Intellectual property | - | 5 years |
| The carrying value of intangible assets is reviewed for any impairment. |
| Tangible fixed assets |
| Fixtures, Fittings & Equipment | - |
| Computer equipment | - |
| No depreciation is provided on books, illustrations, negatives and prints since, in the opinion of the directors, |
| these assets do not depreciate. |
| Deferred tax |
| Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the |
| balance sheet date. |
| Foreign currencies |
| Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the |
| balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling |
| at the date of transaction. Exchange differences are taken into account in arriving at the operating result. |
| Hire purchase and leasing commitments |
| Rentals paid under operating leases are charged to the profit and loss account on a straight line basis over the |
| period of the lease. |
| Negatives and prints |
| Where negatives and prints are included as tangible fixed assets, the cost represents identifiable amounts |
| incurred in the acquisition of specific photographic items and collections. |
| Expenditure in respect of materials, wages, commissions etc., for the creation of photographic prints and |
| negatives is written off through the profit and loss account as incurred. |
| Commissions |
| Commissions are provided in respect of amount due to photographers who have either been paid for the use of |
| their photographs since 1st May 1988, or photographers whose work has been accepted for inclusion in the |
| library by the company since it was acquired by Bob Thomas Holdings Limited on 1st December 1990. |
| Paul Popper Limited (Registered number: 01332826) |
| Notes to the Abbreviated Accounts - continued |
| for the year ended 30th April 2016 |
| 2. | INTANGIBLE FIXED ASSETS |
| Total |
| £ |
| COST |
| At 1st May 2015 |
| Additions |
| At 30th April 2016 |
| AMORTISATION |
| At 1st May 2015 |
| Amortisation for year |
| At 30th April 2016 |
| NET BOOK VALUE |
| At 30th April 2016 |
| At 30th April 2015 |
| 3. | TANGIBLE FIXED ASSETS |
| Total |
| £ |
| COST |
| At 1st May 2015 |
| Additions |
| Disposals | ( |
) |
| At 30th April 2016 |
| DEPRECIATION |
| At 1st May 2015 |
| Charge for year |
| At 30th April 2016 |
| NET BOOK VALUE |
| At 30th April 2016 |
| At 30th April 2015 |
| 4. | CALLED UP SHARE CAPITAL |
| Allotted, issued and fully paid: |
| Number: | Class: | Nominal | 2016 | 2015 |
| value: | £ | £ |
| Ordinary shares | £1 |
| 5. | ULTIMATE PARENT COMPANY |
| The company is under the control of Bob Thomas Holdings Limited, a company incorporated in England and |
| Wales, and the ultimate control of R J Thomas. |