REGISTERED NUMBER:
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Abbreviated Unaudited Accounts |
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for the Year Ended 28 February 2015 |
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for |
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Poppins Limited |
REGISTERED NUMBER:
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Abbreviated Unaudited Accounts |
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for the Year Ended 28 February 2015 |
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for |
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Poppins Limited |
Poppins Limited (Registered number: 02867442) |
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Contents of the Abbreviated Accounts |
for the Year Ended 28 February 2015 |
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Page |
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Company Information | 1 |
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Abbreviated Balance Sheet | 2 | to | 3 |
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Notes to the Abbreviated Accounts | 4 | to | 6 |
Poppins Limited |
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Company Information |
for the Year Ended 28 February 2015 |
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DIRECTOR: |
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SECRETARY: |
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REGISTERED OFFICE: |
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REGISTERED NUMBER: |
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ACCOUNTANTS: |
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Chartered Accountants |
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Poppins Limited (Registered number: 02867442) |
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Abbreviated Balance Sheet |
28 February 2015 |
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2015 | 2014 |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Tangible assets | 2 |
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CURRENT ASSETS |
Stocks |
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Debtors | 3 |
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Cash at bank and in hand |
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CREDITORS |
Amounts falling due within one year | 4 |
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NET CURRENT ASSETS |
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TOTAL ASSETS LESS CURRENT LIABILITIES |
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CREDITORS |
Amounts falling due after more than one
year |
4 |
( |
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( |
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PROVISIONS FOR LIABILITIES | ( |
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NET ASSETS |
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CAPITAL AND RESERVES |
Called up share capital | 5 |
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Revaluation reserve |
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Profit and loss account |
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SHAREHOLDERS' FUNDS |
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The director acknowledges his 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. |
Poppins Limited (Registered number: 02867442) |
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Abbreviated Balance Sheet - continued |
28 February 2015 |
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The financial statements were approved by the director on
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Poppins Limited (Registered number: 02867442) |
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Notes to the Abbreviated Accounts |
for the Year Ended 28 February 2015 |
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1. | ACCOUNTING POLICIES |
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Accounting convention |
The financial statements have been prepared under the historical cost convention as modified by the |
revaluation of certain assets and in accordance with the Financial Reporting Standard for Smaller Entities |
(effective April 2008). |
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Turnover |
Turnover represents net sales of greeting cards and related items excluding value added tax. |
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Tangible fixed assets |
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Fixtures and fittings | - |
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Leasehold property improvements are not depreciated as the director does not believe it would be material |
given the long length of the lease. |
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Stocks |
Stock is valued at the lower of cost and net realisable value. |
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Investment property |
The investment property is included in the accounts at market value and is not depreciated, in accordance with |
the Financial Reporting Standard for Smaller Entities and Statement of Standard Accounting Practice 19. The |
revaluation amount is credited to the revaluation reserve. |
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This represents a departure from the Companies Act which requires that all assets are depreciated. The |
director believes that this departure is necessary for the accounts to show a true and fair view. |
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The director considers this policy to be appropriate given the residual value of the property, and because the |
profit or loss on revaluation has not yet been realised. |
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Deferred taxation |
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the |
balance sheet date where transactions or events have occurred at that date that will result in an obligation to |
pay more, or a right to pay less or to receive more tax, with the following exception: |
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Deferred tax assets are recognised only to the extent that the directors consider that it is more likely than not |
that there will be suitable taxable profits from which the future reversal of the underlying timing differences |
can be deducted. |
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Deferred tax is measured on an undiscounted basis at the tax rates that are expected to apply in the periods in |
which timing differences reverse, based on tax rates and laws enacted or substantively enacted at the balance |
sheet date. |
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Leasing commitments |
Rentals paid under operating leases are charged to the profit and loss account on a straight line basis over the |
period of the lease. |
Poppins Limited (Registered number: 02867442) |
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Notes to the Abbreviated Accounts - continued |
for the Year Ended 28 February 2015 |
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2. | TANGIBLE FIXED ASSETS |
Total |
£ |
COST OR VALUATION |
At 1 March 2014 |
and 28 February 2015 |
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DEPRECIATION |
At 1 March 2014 |
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Charge for year |
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At 28 February 2015 |
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NET BOOK VALUE |
At 28 February 2015 |
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At 28 February 2014 |
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3. | DEBTORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |
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The aggregate total of debtors falling due after more than one year is £
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4. | CREDITORS |
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Creditors include an amount of £
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They also include the following debts falling due in more than five years: |
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2015 | 2014 |
£ | £ |
Repayable otherwise than by instalments | 250,042 | 250,467 |
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5. | CALLED UP SHARE CAPITAL |
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Allotted, issued and fully paid: |
Number: | Class: | Nominal | 2015 | 2014 |
value: | £ | £ |
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Ordinary | £1 |
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6. | DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES |
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The following advances and credits to a director subsisted during the years ended 28 February 2015 and |
28 February 2014: |
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2015 | 2014 |
£ | £ |
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Balance outstanding at start of year |
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Amounts advanced |
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Amounts repaid | ( |
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Balance outstanding at end of year |
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Poppins Limited (Registered number: 02867442) |
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Notes to the Abbreviated Accounts - continued |
for the Year Ended 28 February 2015 |
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6. | DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES - continued |
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Interest on this loan was charged by the company at the HM Revenue & Customs approved rate of 3.25% and |
amounted to £422 (2014: £541). |