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Canopy Law Limited
For the year ended 31 March 2014
Unaudited Abbreviated Report and Financial Statements
England and Wales
Registered Number: 07631870
2
Draft
Contents Page
Canopy Law Limited
For the year ended 31 March 2014
1
Accountants' Report
2
Balance Sheet
3
Notes to the Abbreviated Financial Statements
3
Draft
Canopy Law Limited
Chartered Accountants' Report
For the year ended 31 March 2014
Chartered Accountants' Report to the Board of Directors
In order to assist you to fulfil your duties under Companies Act 2006, we have prepared for your approval the
accounts of Canopy Law Limited for the year ended 31 March 2014 which comprise the Profit and Loss Account,
Statement of Recognised Gains and Losses, the Balance Sheet and the related notes from the company's
accounting records and from information and explanations you have given us.
As a practising 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 Canopy Law Limited, as a body, in accordance with the
terms of our engagement letter dated . Our work has been undertaken solely to prepare for your approval the
accounts of Canopy Law Limited and state those matters that we have agreed to state to the Board of Directors of
Canopy Law Limited, 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 Canopy Law
Limited and its Board of Directors as a body for our work or for this report.
It is your duty to ensure that Canopy Law Limited has kept adequate accounting records to prepare statutory
accounts that give a true and fair view of the assets, liabilities, financial position and Profit of Canopy Law Limited.
You consider that Canopy Law 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 Canopy Law 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.
Brevins Limited
23 Porters Wood
St Albans
Hertfordshire
AL3 6PQ
31 October 2014
Dated:
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Abbreviated Balance Sheet
Canopy Law Limited
As at 31 March 2014
07631870
Registered Number :
£
£
2014
Notes
2013
Fixed assets
Tangible assets
2
1,022
81
1,022
81
Current assets
Debtors
3,708
12,316
Cash at bank and in hand
8,091
1,750
20,407
5,458
Creditors: amounts falling due within one year
(30,082)
(29,133)
(24,624)
(8,726)
Net current liabilities
Total assets less current liabilities
(7,704)
(24,543)
(7,704)
Net liabilities
(24,543)
Capital and reserves
Called up share capital
1
3
1
Profit and loss account
(7,705)
(24,544)
(7,704)
(24,543)
Shareholders funds
For the year ended 31 March 2014 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director responsibilities: 1) The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476,
2) The director acknowledges his 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.
Date approved by the board: 31 October 2014
Mr David Hughes Director
Signed on behalf of the board of directors
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Notes to the Abbreviated Financial Statements
Canopy Law Limited
For the year ended 31 March 2014
1 Accounting Policies
Turnover
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
Operating lease rentals
Rentals payable under operating leases are charged against income on a straight line basis over the lease term.
Tangible fixed assets
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:
Plant and Machinery
25% Reducing balance
2 Tangible fixed assets
Tangible fixed
assets
Cost or valuation
£
144
At 01 April 2013
1,081
Additions
At 31 March 2014
1,225
Depreciation
63
At 01 April 2013
140
Charge for year
203
At 31 March 2014
Net book values
At 31 March 2014
1,022
81
At 31 March 2013
3 Share capital
Allotted called up and fully paid
2014
2013
£
£
1 Ordinary shares of £1.00 each
1
1
1
1
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