For the year ended 31 March 2016
Unaudited Abbreviated Report and Financial Statements
England and Wales
Registered Number: 04457357
The Coppleridge Limited
For the year ended 31 March 2016
1
Balance Sheet
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Notes to the Abbreviated Financial Statements
Notes to the Abbreviated Financial Statements
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The Coppleridge Limited
For the year ended 31 March 2016
The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015).
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The financial statements have been prepared on a going concern basis. The company's ongoing activities are dependent upon the continued support of the directors who have undertaken to provide such support for the foreseeable future. If the going concern basis were not appropriate, adjustments would have to be made to reduce the value of assets to their recoverable amount, to provide for any further liabilities that may arise and to reclassify fixed assets as current assets and long term liabilities as current liabilities.
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Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
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Rentals payable under operating leases are charged against income on a straight line basis over the lease term.
Deferred taxation arises when items are charged or credited in accounts in different periods to those in which they are included in the company's tax computations.Deferred tax is provided in full on timing differences that result in an obligation to pay more (or less) tax at a future date. Deferred tax is calculated at the average rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. The resulting deferred tax asset or liability is not discounted.
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Proposed dividends are only included as liabilities in the financial statements when their payment has been approved
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by the shareholders prior to the balance sheet date
.
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Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
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Improvements to Property
Soft Furnishings and Crockery
Equipment
Motor Vehicles
Fixtures and Fittings
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Notes to the Abbreviated Financial Statements
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The Coppleridge Limited
For the year ended 31 March 2016
Assets on finance lease and hire purchase
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Assets held under finance lease or hire purchase contracts i
.
e
.
those contracts where substantially all the risks and
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rewards of ownership have passed to the company
,
are included in the appropriate category of tangible fixed assets
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and depreciated over the shorter of the lease term and their estimated expected useful lives
.
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Future obligations under such contracts are included in creditors net of the finance charge allocated to future periods
.
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Stocks and work in progress
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Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow moving items. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads.
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117,172
18,904
136,076
68,888
18,416
Charge for year
87,304
48,772
48,284
Allotted called up and fully paid
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2016
2015
150
Ordinary shares of £
1
.
00
each
|
150
150
50
Ordinary A shares of £
1
.
00
each
|
50
50
200
200
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