Poppyland Services Ltd - Abbreviated accounts 16.3

REGISTERED NUMBER: 08249201 (England and Wales)

Abbreviated Unaudited Accounts

for the Year Ended 31 October 2016

for

Poppyland Services Ltd

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

DIRECTORS:

M Whiting

Mrs R M Whiting

SECRETARY:

Mrs R M Whiting

REGISTERED OFFICE:

9a Mount Street

Cromer

Norfolk

NR27 9DB

REGISTERED NUMBER:

08249201 (England and Wales)

ACCOUNTANTS:

Harrison & Co.

9a Mount Street

Cromer

Norfolk

NR27 9DB

BANKERS:

Lloyds Bank plc

Cromer Branch

1 West Street

Cromer

Norfolk

NR27 9HZ

FIXED ASSETS

Tangible assets

2

31,260

9,733

CURRENT ASSETS

Stocks

815

250

Debtors

2,015

1,245

Cash at bank and in hand

12,382

34,852

15,212

36,347

CREDITORS

Amounts falling due within one year

45,159

44,107

NET CURRENT LIABILITIES

(29,947

)

(7,760

)

TOTAL ASSETS LESS CURRENT LIABILITIES

1,313

1,973

PROVISIONS FOR LIABILITIES

-

1,947

NET ASSETS

1,313

26

CAPITAL AND RESERVES

Called up share capital

3

100

100

Profit and loss account

1,213

(74

)

SHAREHOLDERS' FUNDS

1,313

26

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 October 2016.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 2016 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 18 July 2017 and were signed on its behalf by:

M Whiting - 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.

Plant and machinery etc

-

20% on reducing balance and 15% on reducing balance

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.

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.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 November 2015

14,373

Additions

30,424

Disposals

(5,400

)

At 31 October 2016

39,397

DEPRECIATION

At 1 November 2015

4,640

Charge for year

5,581

Eliminated on disposal

(2,084

)

At 31 October 2016

8,137

NET BOOK VALUE

At 31 October 2016

31,260

At 31 October 2015

9,733

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.10.16

31.10.15

value:

£

£

100

Ordinary

£1

100

100

4.	CONTROLLING INTEREST

During the period under review, the Company was under the control of Mr M Whiting by virtue of his

shareholding.