Cotopaxi Limited - Period Ending 2011-12-31

Cotopaxi Limited

Unaudited Abbreviated Accounts

for the Period from 1 November 2010 to 31 December 2011

Harrison Salmon Associates
Chartered Certified Accountants
7 Towngate
Leyland
Lancashire
PR25 2EN

Cotopaxi 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.

Chartered Certified Accountants' Report to the Board of Directors on the Preparation of the Unaudited Statutory Accounts of
Cotopaxi Limited
for the Period Ended 31 December 2011

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Cotopaxi Limited for the period ended 31 December 2011 set out on pages from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at http://rulebook.accaglobal.com.

This report is made solely to the Board of Directors of Cotopaxi Limited, as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the accounts of Cotopaxi Limited and state those matters that we have agreed to state to them, as a body, in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/factsheet163. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Cotopaxi Limited and its Board of Directors as a body for our work or for this report.

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

We have not been instructed to carry out an audit or a review of the accounts of Cotopaxi 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.

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

Harrison Salmon Associates
Chartered Certified Accountants
7 Towngate
Leyland
Lancashire
PR25 2EN

28 September 2012

Page 1

Cotopaxi Limited
(Registration number: 07038605)
Abbreviated Balance Sheet at 31 December 2011

	Note	31 December 2011 £	31 October 2010 £
Fixed assets
Tangible fixed assets		8,951	10,403
Current assets
Debtors	3	99,945	68,871
Cash at bank and in hand		99,399	88,891
		199,344	157,762
Creditors: Amounts falling due within one year		(116,237)	(142,725)
Net current assets		83,107	15,037
Net assets		92,058	25,440
Capital and reserves
Called up share capital	4	200	200
Profit and loss account		91,858	25,240
Shareholders' funds		92,058	25,440

For the year ending 31 December 2011 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 28 September 2012 and signed on its behalf by:

.........................................
Mr Clifford Bradshaw
Director

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

Cotopaxi Limited
Notes to the Abbreviated Accounts for the Period from 1 November 2010 to 31 December 2011
......... 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).

Turnover

Turnover represents amounts chargeable, net of value added tax, in respect of the sale of goods and services to customers.

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
Office Equipment	25% Reducing Balance

Research and development

Research and development expenditure is written off as incurred.

Hire purchase and leasing

Rentals payable under operating leases are charged in the profit and loss account on a straight line basis over the lease term.

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.

2	Fixed assets

	Tangible assets £	Total £
Cost
At 1 November 2010	13,870	13,870
Additions	1,531	1,531
At 31 December 2011	15,401	15,401

Page 3

Cotopaxi Limited
Notes to the Abbreviated Accounts for the Period from 1 November 2010 to 31 December 2011
......... continued

Depreciation
At 1 November 2010	3,467	3,467
Charge for the period	2,983	2,983
At 31 December 2011	6,450	6,450
Net book value
At 31 December 2011	8,951	8,951
At 31 October 2010	10,403	10,403

Debtors

Debtors includes £nil (2010 - £nil) receivable after more than one year.

4	Share capital

Allotted, called up and fully paid shares

	31 December 2011			31 October 2010
		No.	£		No.	£
Ordinary Class A of £1 each		100	100		100	100
Ordinary Class B of £1 each		100	100		100	100
		200	200		200	200

Page 4