P & JK Copley Ltd - Limited company - abbreviated - 11.6

P & JK Copley Ltd - Limited company - abbreviated - 11.6

P & JK COPLEY LIMITED - Company Information

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REGISTERED NUMBER: 07999466 (England and Wales)














ABBREVIATED UNAUDITED ACCOUNTS

FOR THE YEAR ENDED 31 MARCH 2014

FOR

P & JK COPLEY LTD

P & JK COPLEY LTD (REGISTERED NUMBER: 07999466)






CONTENTS OF THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 31 MARCH 2014




Page

Company Information 1

Abbreviated Balance Sheet 2

Notes to the Abbreviated Accounts 3

P & JK COPLEY LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2014







DIRECTORS: Mr P D Copley
Mr I V Copley





REGISTERED OFFICE: Harwood House
Park Road
Melton Mowbray
Leicestershire
LE13 1TX





REGISTERED NUMBER: 07999466 (England and Wales)





ACCOUNTANTS: Osbornes Tax And Advisory Limited
Harwood House
Park Road
Melton Mowbray
Leicestershire
LE13 1TX
Page 1
P & JK COPLEY LTD (REGISTERED NUMBER: 07999466)

ABBREVIATED BALANCE SHEET
31 MARCH 2014

2014 2013
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 2 121,250 136,250
Tangible assets 3 236,256 160,121
357,506 296,371

CURRENT ASSETS
Stocks 280,865 398,359
Debtors 46,395 34,053
Prepayments and accrued income 7,264 -
Cash at bank 91,080 34,248
425,604 466,660
CREDITORS
Amounts falling due within one year 622,655 606,357
NET CURRENT LIABILITIES (197,051 ) (139,697 )
TOTAL ASSETS LESS CURRENT
LIABILITIES
160,455
156,674

PROVISIONS FOR LIABILITIES 47,251 30,556
NET ASSETS 113,204 126,118

CAPITAL AND RESERVES
Called up share capital 4 100 100
Profit and loss account 113,104 126,018
SHAREHOLDERS' FUNDS 113,204 126,118

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2014.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2014 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 20 November 2014 and were signed on its behalf
by:



Mr P D Copley - Director



Mr I V Copley - Director


The notes form part of these abbreviated accounts

Page 2
P & JK COPLEY LTD (REGISTERED NUMBER: 07999466)

NOTES TO THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 31 MARCH 2014

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 April 2008).

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 2012, is being amortised evenly over its estimated useful life of ten years.

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 - 12.5% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 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.

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

2. INTANGIBLE FIXED ASSETS
Total
£   
COST
At 1 April 2013
and 31 March 2014 150,000
AMORTISATION
At 1 April 2013 13,750
Amortisation for year 15,000
At 31 March 2014 28,750
NET BOOK VALUE

At 31 March 2014 121,250
At 31 March 2013 136,250

Page 3 continued...
P & JK COPLEY LTD (REGISTERED NUMBER: 07999466)

NOTES TO THE ABBREVIATED ACCOUNTS - continued
FOR THE YEAR ENDED 31 MARCH 2014

3. TANGIBLE FIXED ASSETS
Total
£   
COST
At 1 April 2013 181,072
Additions 151,300
Disposals (46,525 )
At 31 March 2014 285,847
DEPRECIATION
At 1 April 2013 20,951
Charge for year 33,971
Eliminated on disposal (5,331 )
At 31 March 2014 49,591
NET BOOK VALUE
At 31 March 2014 236,256
At 31 March 2013 160,121

4. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2014 2013
value: £    £   
100 Ordinary £1 100 100

Page 4