Registration number:
Unaudited Abbreviated Accounts
for the Year Ended
Coppice Resources Ltd
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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 6 ) have been prepared.
Chartered Accountants' Report to the Board of Directors on the Preparation of the Unaudited Statutory Accounts of
Coppice Resources Ltd
for the Year Ended 30 September 2016
In order to assist you to fulfil your duties under the Companies Act 2006, we have complied the financial statements of Coppice Resources Ltd for the year ended 30 September 2016 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.
As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW) , we are subject to its ethical and other professional requirements which are detailed at icaew.com/membershandbook .
This report is made solely to the Board of Directors of Coppice Resources Ltd, as a body, in accordance with the terms of our engagement letterdated 13 February 2012. Our work has been undertaken solely to prepare for your approval the accounts of Coppice Resources Ltd 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 Coppice Resources Ltd and its Board of Directors as a body for our work or for this report.
It is your duty to ensure that Coppice Resources Ltd has kept adequate accounting records and to prepare financial statements that give a true and fair view of the assets, liabilities, financial position and loss of Coppice Resources Ltd. You consider that Coppice Resources Ltd 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 Coppice Resources Ltd. 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.
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Booth Parkes & Associates Limited
Chartered Accountants
Southolme
Trinity Street
Gainsborough
Lincolnshire
DN21 2EQ
27 June 2017
Coppice Resources Ltd
(Registration number: 03848038)
Abbreviated Balance Sheet at 30 September 2016
Note |
2016
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2015
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Fixed assets |
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Intangible fixed assets |
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Tangible fixed assets |
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Investments |
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Current assets |
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Stocks |
- |
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Debtors |
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Cash at bank and in hand |
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Creditors: Amounts falling due within one year |
( |
( |
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Net current (liabilities)/assets |
( |
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Total assets less current liabilities |
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Creditors: Amounts falling due after more than one year |
( |
( |
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Provisions for liabilities |
- |
( |
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Net assets |
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Capital and reserves |
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Called up share capital |
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Profit and loss account |
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Shareholders' funds |
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2
Coppice Resources Ltd
(Registration number: 03848038)
Abbreviated Balance Sheet at 30 September 2016
......... continued
Approved by the Board on
.........................................
Mr M I Paulson
Director
3
Coppice Resources Ltd
Notes to the Abbreviated Accounts for the Year Ended 30 September 2016
......... continued
Accounting policies |
Basis of preparation
Going concern
The financial statements have been prepared on a going concern basis.
Turnover
Government grants
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 |
Intellectual property |
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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 |
Plant and machinery |
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Fixed asset investments
Stock
Coppice Resources Ltd
Notes to the Abbreviated Accounts for the Year Ended 30 September 2016
......... continued
Deferred tax
Foreign currency
Hire purchase and leasing
Financial instruments
Coppice Resources Ltd
Notes to the Abbreviated Accounts for the Year Ended 30 September 2016
......... continued
Fixed assets |
Intangible assets
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Tangible assets
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Investments
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Total
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Cost |
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At 1 October 2015 |
60,000 |
535,765 |
25 |
595,790 |
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At 30 September 2016 |
60,000 |
535,765 |
25 |
595,790 |
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Depreciation |
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At 1 October 2015 |
1,500 |
373,050 |
- |
374,550 |
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Charge for the year |
6,000 |
56,491 |
- |
62,491 |
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At 30 September 2016 |
7,500 |
429,541 |
- |
437,041 |
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Net book value |
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At 30 September 2016 |
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At 30 September 2015 |
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Creditors |
Creditors includes the following liabilities, on which security has been given by the company:
2016
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2015
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Amounts falling due within one year |
14,552 |
37,220 |
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Amounts falling due after more than one year |
17,816 |
32,368 |
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Total secured creditors |
32,368 |
69,588 |
Share capital |
Allotted, called up and fully paid shares
2016 |
2015 |
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No. |
£ |
No. |
£ |
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