Paul Cooper (Spalding) Limited - Period Ending 2016-11-30

Registration number: 08292575

Paul Cooper (Spalding) Limited

Unaudited Abbreviated Accounts

for the Year Ended 30 November 2016
 

Bulley Davey Limited
Chartered Certified Accountants
1 - 4 London Road
Spalding
Lincolnshire
PE11 2TA

Paul Cooper (Spalding) Limited
Contents

Abbreviated Balance Sheet 1

Notes to the Abbreviated Accounts 2 to 4

Paul Cooper (Spalding) Limited
(Registration number: 08292575)
Abbreviated Balance Sheet at 30 November 2016

		Note			2016 £			2015 £
Fixed assets
Intangible fixed assets					6,400			7,200
Tangible fixed assets		2			8,035			13,751
					14,435			20,951
Current assets
Stocks					500			500
Debtors					1,740			931
Cash at bank and in hand					6,455			3,699
					8,695			5,130
Creditors: Amounts falling due within one year					(19,353)			(31,101)
Net current liabilities					(10,658)			(25,971)
Total assets less current liabilities					3,777			(5,020)
Provisions for liabilities					(2,887)			-
Net assets/(liabilities)					890			(5,020)
Capital and reserves
Called up share capital		3			100			100
Profit and loss account					790			(5,120)
Shareholders' funds/(deficit)					890			(5,020)

For the year ending 30 November 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 director acknowledges his 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 director on 31 August 2017

 Mr Paul Cooper
 Director

The notes on pages 2 to 4 form an integral part of these financial statements.
Page 1

Paul Cooper (Spalding) Limited
Notes to the Abbreviated Accounts for the Year Ended 30 November 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).

Going concern

The financial statements have been prepared on a going concern basis.

Turnover

Turnover represents amounts chargeable, net of value added tax, in respect of the sale of goods and services to customers.

Goodwill

Positive goodwill is capitalised, classified as an asset on the balance sheet and amortised on a straight line basis over its useful economic life. It is reviewed for impairment at the end of the first full financial year following the acquisition and in other periods if events or changes in circumstances indicate that the carrying value may not be recoverable.

Amortisation

Amortisation is provided on intangible fixed assets so as to write off the cost, less any estimated residual value, over their expected useful economic life as follows:

Asset class	Amortisation method and rate
Goodwill	10 years straight line

Depreciation

Depreciation is provided on tangible fixed assets so as to write off the cost or valuation, less any estimated residual value, over their expected useful economic life as follows:

Asset class	Depreciation method and rate
Motor vehicles	25% reducing balance method

Stock

Stock is valued at the lower of cost and net realisable value, after due regard for obsolete and slow moving stocks. Net realisable value is based on selling price less anticipated costs to completion and selling costs.

Deferred tax

Deferred tax is recognised, without discounting, in respect of all timing differences between the treatment of certain items for taxation and accounting purposes, which have arisen but not reversed by the balance sheet date, except as required by the FRSSE. Deferred tax is measured at the rates that are expected to apply in the periods when the timing differences are expected to reverse, based on the tax rates and law enacted at the balance sheet date.

Page 2

Paul Cooper (Spalding) Limited
Notes to the Abbreviated Accounts for the Year Ended 30 November 2016
......... continued

2	Fixed assets

		Intangible assets £			Tangible assets £			Total £
Cost
At 1 December 2015		8,000			18,335			26,335
Additions		-			1,038			1,038
Disposals		-			(3,056)			(3,056)
At 30 November 2016		8,000			16,317			24,317
Depreciation
At 1 December 2015		800			4,584			5,384
Charge for the year		800			3,698			4,498
At 30 November 2016		1,600			8,282			9,882
Net book value
At 30 November 2016		6,400			8,035			14,435
At 30 November 2015		7,200			13,751			20,951

3	Share capital

Allotted, called up and fully paid shares

	2016						2015
		No.			£			No.			£
Ordinary Share of £1 each		100			100			100			100

Page 3

Paul Cooper (Spalding) Limited
Notes to the Abbreviated Accounts for the Year Ended 30 November 2016
......... continued

4

Control

The company is controlled by the director who owns 100% of the called up share capital.

Page 4