COOPER_&_LEATHERBARROW_LI - Accounts

COOPER & LEATHERBARROW LIMITED - Company Information

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Company Registration No. 00476134 (England and Wales)

COOPER & LEATHERBARROW LIMITED

ABBREVIATED ACCOUNTS

FOR THE YEAR ENDED 31 MARCH 2014

COOPER & LEATHERBARROW LIMITED

CONTENTS

Page

Abbreviated balance sheet

1 - 2

Notes to the abbreviated accounts

3 - 4

COOPER & LEATHERBARROW LIMITED

ABBREVIATED BALANCE SHEET

AS AT

31 MARCH 2014

- 1 -

2014

2013

Notes

Fixed assets

Intangible assets

3,167

Tangible assets

108,197

113,454

111,364

113,454

Current assets

Stocks

52,629

50,347

Debtors

46,290

40,748

Cash at bank and in hand

473,695

541,891

572,614

632,986

Creditors: amounts falling due within one year

(106,579)

(136,276)

Net current assets

466,035

496,710

Total assets less current liabilities

577,399

610,164

Provisions for liabilities

(12,755)

(11,595)

564,644

598,569

Capital and reserves

Called up share capital

2,165

Profit and loss account

562,479

596,404

Shareholders' funds

564,644

598,569

COOPER & LEATHERBARROW LIMITED

ABBREVIATED BALANCE SHEET (CONTINUED)

AS AT

31 MARCH 2014

- 2 -

For the financial year ended 31 March 2014 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.

These abbreviated financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime.

Approved by the Board for issue on 11 July 2014

E Leatherbarrow

Director

Company Registration No. 00476134

COOPER & LEATHERBARROW LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS

FOR THE YEAR ENDED 31 MARCH 2014

Accounting policies

1.1

Accounting convention

The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008).

1.2

Turnover

Turnover represents amounts receivable for goods and services net of value added tax.

1.3

Goodwill

Acquired goodwill is written off over its estimated useful economic life of three years.

1.4

Tangible fixed assets and depreciation

Tangible fixed assets other than freehold land are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost less estimated residual value of each asset over its expected useful life, as follows:

Land and buildings

- 4% straight line

Fixtures and equipment

- 25% reducing balance

Motor vehicles

- 25% reducing balance

1.5

Leasing

Rentals payable under operating leases are charged against income on a straight line basis over the lease term.

1.6

Stock

Stock is valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

1.7

Pensions

The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are charged to the profit and loss account in the year they are payable.

1.8

Deferred taxation

Deferred taxation is provided in full in respect of taxation deferred by timing differences between the treatment of certain items for taxation and accounting purposes. The deferred tax balance has not been discounted.

COOPER & LEATHERBARROW LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED)

FOR THE YEAR ENDED 31 MARCH 2014

- 4 -

Fixed assets

Intangible assets

Tangible assets

Total

Cost

At 1 April 2013

358,495

Additions

4,750

29,381

34,131

Disposals

(17,900)

At 31 March 2014

4,750

369,976

374,726

Depreciation

At 1 April 2013

245,041

On disposals

(13,416)

Charge for the year

1,583

30,154

31,737

At 31 March 2014

1,583

261,779

263,362

Net book value

At 31 March 2014

3,167

108,197

111,364

At 31 March 2013

113,454

Share capital

2014

2013

Allotted, called up and fully paid

2,165 Ordinary of £1 each

2,165