POT-A-DOODLE_DO_LIMITED - Accounts

POT-A-DOODLE DO LIMITED - Company Information

Print Friendly Version

Company Registration No. 04652325 (England and Wales)

POT-A-DOODLE DO LIMITED

UNAUDITED ABBREVIATED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 28 FEBRUARY 2016

POT-A-DOODLE DO LIMITED

CONTENTS

Page

Abbreviated balance sheet

1 - 2

Notes to the abbreviated accounts

3 - 4

POT-A-DOODLE DO LIMITED

ABBREVIATED BALANCE SHEET

AS AT

28 FEBRUARY 2016

- 1 -

2016

2015

Notes

Fixed assets

Tangible assets

265,479

211,037

Investments

59,884

325,363

211,037

Current assets

Stocks

14,977

15,042

Debtors

1,947

34,606

Cash at bank and in hand

343,942

268,156

360,866

317,804

Creditors: amounts falling due within one year

(188,601)

(98,739)

Net current assets

172,265

219,065

Total assets less current liabilities

497,628

430,102

Creditors: amounts falling due after more than one year

(11,295)

(17,234)

Provisions for liabilities

(43,374)

(39,502)

Accruals and deferred income

(19,006)

(22,801)

423,953

350,565

Capital and reserves

Called up share capital

Profit and loss account

423,952

350,564

Shareholders' funds

423,953

350,565

POT-A-DOODLE DO LIMITED

ABBREVIATED BALANCE SHEET (CONTINUED)

AS AT

28 FEBRUARY 2016

- 2 -

For the financial year ended 28 February 2016 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 1 June 2016

Mrs. C.M. Whiteford

Director

Company Registration No. 04652325

POT-A-DOODLE DO LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS

FOR THE YEAR ENDED 28 FEBRUARY 2016

- 3 -

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 January 2015).

1.2

Compliance with accounting standards

The financial statements are prepared in accordance with applicable United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), which have been applied consistently (except as otherwise stated).

1.3

Turnover

Turnover represents amounts receivable for goods and services net of VAT and trade discounts.

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:

Property improvements

10% straight line

Plant and machinery

10/15/25% reducing balance

Fixtures, fittings & equipment

25% reducing balance and 33.3% straight line

1.5

Leasing

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

1.6

Investments

Fixed asset investments are stated at cost less provision for diminution in value.

1.7

Stock

Stock is valued at the lower of cost and net realisable value.

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.

1.9

Government grants

Grants are credited to deferred revenue. Grants towards capital expenditure are released to the profit and loss account over the expected useful life of the assets. Grants towards revenue expenditure are released to the profit and loss account as the related expenditure is incurred.

POT-A-DOODLE DO LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED)

FOR THE YEAR ENDED 28 FEBRUARY 2016

- 4 -

Fixed assets

Tangible assets

Investments

Total

Cost

At 1 March 2015

362,864

Additions

101,584

60,020

161,604

Disposals

(24,029)

(136)

(24,165)

At 28 February 2016

440,419

59,884

500,303

Depreciation

At 1 March 2015

151,827

On disposals

(13,365)

Charge for the year

36,478

At 28 February 2016

174,940

Net book value

At 28 February 2016

265,479

59,884

325,363

At 28 February 2015

211,037

Creditors: amounts falling due within one year

The aggregate amount of creditors for which security has been given amounted to £7,000 (2015 - £7,000).

Creditors: amounts falling due after more than one year

The aggregate amount of creditors for which security has been given amounted to £11,295 (2015 - £17,234).