Poppies of Doncaster Limited - Period Ending 2015-11-30

Poppies of Doncaster Limited

Unaudited Abbreviated Accounts

for the Year Ended 30 November 2015

Blue Box Accounting
Incorporated Financial Accountants
Southolme
Trinity Street
Gainsborough
Lincolnshire
DN21 2EQ

Poppies of Doncaster Limited
Contents

Accountants' Report

Abbreviated Balance Sheet

Notes to the Abbreviated Accounts

3 to 4

The following reproduces the text of the accountants' report in respect of the company's annual financial statements, from which the abbreviated accounts (set out on pages 2 to 4) have been prepared.

Accountants' Report to the Board of Directors on the Unaudited Financial Statements of
Poppies of Doncaster Limited
for the Year Ended 30 November 2015

In order to assist you to fulfil your duties under the Companies Act 2006, we have complied the financial statements of Poppies of Doncaster Limited for the year ended 30 November 2015 which comprise of the Profit and Loss Account, the Balance Sheet, and the related notes from the company's accounting records and from information and explanations you have given to us.

We have carried out this engagement in accordance with technical guidance issued by the Institute of Chartered Accountants in England and Wales (ICAEW), and have complied with the ethical guidance laid down by the Institute relating to members undertaking the compilation of financial statements .

This report is made solely to the Board of Directors of Poppies of Doncaster Limited, as a body, in accordance with the terms of our engagement letterdated 8 January 2013. Our work has been undertaken solely to prepare for your approval the accounts of Poppies of Doncaster Limited and state those matters that we have agreed to state to them, as a body, in this report in accordance with AAF 2/10 as detailed at icaew.com/compilation. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Poppies of Doncaster Limited and its Board of Directors as a body for our work or for this report.

It is your duty to ensure that Poppies of Doncaster Limited has kept adequate accounting records and to prepare financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Poppies of Doncaster Limited. You consider that Poppies of Doncaster Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the accounts of Poppies of Doncaster Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.

..............................................................

Blue Box Accounting
Incorporated Financial Accountants
Southolme
Trinity Street
Gainsborough
Lincolnshire
DN21 2EQ

24 August 2016

Page 1

Poppies of Doncaster Limited
(Registration number: 07657339)
Abbreviated Balance Sheet at 30 November 2015

	Note	2015 £	2014 £
Fixed assets
Intangible fixed assets		27,200	28,900
Tangible fixed assets	2	4,715	6,527
		31,915	35,427
Current assets
Debtors		16,020	14,324
Cash at bank and in hand		9,170	2,267
		25,190	16,591
Creditors: Amounts falling due within one year		(43,299)	(40,413)
Net current liabilities		(18,109)	(23,822)
Net assets		13,806	11,605
Capital and reserves
Called up share capital	3	2	2
Profit and loss account		13,804	11,603
Shareholders' funds		13,806	11,605

For the year ending 30 November 2015 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 directors acknowledge their 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 Board on 14 August 2016 and signed on its behalf by:

.........................................
Mr T M Winmill
Director

The notes on pages 3 to 4 form an integral part of these financial statements.
Page 2

Poppies of Doncaster Limited
Notes to the Abbreviated Accounts for the Year Ended 30 November 2015
......... 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 April 2008).

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	5% straight line basis

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 basis
Office equipment	25 - 50% reducing balance basis

Financial instruments

Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities. Where shares are issued, any component that creates a financial liability of the company is presented as a liability in the balance sheet. The corresponding dividends relating to the liability component are charged as interest expense in the profit and loss account.

Page 3

Poppies of Doncaster Limited
Notes to the Abbreviated Accounts for the Year Ended 30 November 2015
......... continued

2	Fixed assets

	Intangible assets £	Tangible assets £	Total £
Cost
At 1 December 2014	34,000	13,263	47,263
Additions	-	213	213
At 30 November 2015	34,000	13,476	47,476
Depreciation
At 1 December 2014	5,100	6,736	11,836
Charge for the year	1,700	2,025	3,725
At 30 November 2015	6,800	8,761	15,561
Net book value
At 30 November 2015	27,200	4,715	31,915
At 30 November 2014	28,900	6,527	35,427

3	Share capital

Allotted, called up and fully paid shares

	2015			2014
		No.	£		No.	£
Ordinary shares of £1 each		2	2		2	2

Page 4