Registered Number 05727776
COPERFORMA LIMITED
Abbreviated Accounts
31 March 2015
Notes | 2015 | 2014 | |
---|---|---|---|
£ | £ | ||
Fixed assets | |||
Tangible assets | 2 |
|
|
|
|
||
Current assets | |||
Debtors |
|
|
|
Cash at bank and in hand |
|
|
|
|
|
||
Creditors: amounts falling due within one year |
( |
( |
|
Net current assets (liabilities) |
|
|
|
Total assets less current liabilities |
|
|
|
Creditors: amounts falling due after more than one year |
( |
( |
|
Total net assets (liabilities) |
|
|
|
Capital and reserves | |||
Called up share capital |
|
|
|
Share premium account |
|
|
|
Profit and loss account |
( |
( |
|
Shareholders' funds |
|
|
Approved by the Board on
And signed on their behalf by:
1 Accounting Policies
Basis of measurement and preparation of accounts
Due to the nature if the business, a proportion of the operating costs of the business are if a fixed cost nature. The directors are following structured growth plans to increase turnover and gross profits. These plans, allied to close control of overheads, are expected to improve the company’s overall profitability considerably.
The company’s management have obtained a confirmation of financial support to cover any short term funding requirements the company may require in the foreseeable future.
Given the company’s financial position at the year end, its trading results and future trading expectations, together with the financial support available, it is the expectation of the directors that the company will be able to continue to trade and move to a position of having net current assets.
It is the option of the board of directors that it is appropriate to prepare the financial statements on the going concern basis, which assumes that the company will continue in operational existence for the foreseeable future and the financial statements do not incorporate any adjustments that might be required should the going concern basis prove to be inappropriate.
Turnover policy
In respect of long-term contracts and contract on-going services, turnover represents the company’s entitlement to income for work done in the year, including estimated of amounts not invoiced and excluding estimates of amount invoiced in advance.
Tangible assets depreciation policy
Plant & Machinery - 25 % straight line
Fixtures and fittings - 25 % straight line
Computer equipment and software - 25 % straight line
All fixed assets are initially recorded at cost.
£ | |
---|---|
Cost | |
At 1 April 2014 |
|
Additions |
|
Disposals |
|
Revaluations |
|
Transfers |
|
At 31 March 2015 |
|
Depreciation | |
At 1 April 2014 |
|
Charge for the year |
|
On disposals |
|
At 31 March 2015 |
|
Net book values | |
At 31 March 2015 | 311,973 |
At 31 March 2014 | 243,032 |