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Registration number: 07038605

Cotopaxi Limited

Unaudited Abbreviated Accounts

for the Year Ended 31 December 2012
 

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

 

Cotopaxi Limited
Contents

Accountants' Report

1

Abbreviated Balance Sheet

2

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 Year Ended 31 December 2012

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 year ended 31 December 2012 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 year.

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
Preston
Lancashire
PR25 2EN

27 September 2013

 

Cotopaxi Limited
(Registration number: 07038605)
Abbreviated Balance Sheet at 31 December 2012

 

Note

   

31 December 2012
£

   

31 December 2011
£

 

Fixed assets

 

   

   

 

Tangible fixed assets

 

   

8,074

   

8,951

 

Current assets

 

   

   

 

Debtors

 

   

595,235

   

99,945

 

Cash at bank and in hand

 

   

20,861

   

99,399

 

 

   

616,096

   

199,344

 

Creditors: Amounts falling due within one year

 

   

(221,057)

   

(116,237)

 

Net current assets

 

   

395,039

   

83,107

 

Net assets

 

   

403,113

   

92,058

 

Capital and reserves

 

   

   

 

Called up share capital

 

3

   

200

   

200

 

Profit and loss account

 

   

402,913

   

91,858

 

Shareholders' funds

 

   

403,113

   

92,058

 

For the year ending 31 December 2012 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 27 September 2013 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 Year Ended 31 December 2012
......... 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 theri expected useful ecoomic 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.

 

Cotopaxi Limited
Notes to the Abbreviated Accounts for the Year Ended 31 December 2012
......... continued

2

Fixed assets

 

Tangible assets
£

   

Total
£

 

Cost

 

   

 

At 1 January 2012

 

15,401

   

15,401

 

Additions

 

1,814

   

1,814

 

At 31 December 2012

 

17,215

   

17,215

 

Depreciation

 

   

 

At 1 January 2012

 

6,450

   

6,450

 

Charge for the year

 

2,691

   

2,691

 

At 31 December 2012

 

9,141

   

9,141

 

Net book value

 

   

 

At 31 December 2012

 

8,074

   

8,074

 

At 31 December 2011

 

8,951

   

8,951

 

3

Share capital

Allotted, called up and fully paid shares

 

31 December 2012

31 December 2011

   

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