Registered number
07631870
Canopy Law Limited
Abbreviated Accounts
31 March 2015
Canopy Law Limited
Chartered Accountants' report to the board of directors on the preparation of the unaudited abbreviated accounts of Canopy Law Limited for the year ended 31 March 2015
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the abbreviated accounts of Canopy Law Limited for the year ended 31 March 2015 which comprise of 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 member firm of the Institute of Chartered Accountants in England and Wales, 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 19 March 2015. 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 and 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 abbreviated accounts.
Pinkham Blair
Chartered Accountants
87a High Street
The Old Town
Hemel Hempstead
Hertfordshire
HP1 3AH
19 August 2015
Canopy Law Limited
Registered number: 07631870
Abbreviated Balance Sheet
as at 31 March 2015
Notes 2015 2014
£ £
Fixed assets
Tangible assets 2 2,032 1,022
Current assets
Debtors 8,732 12,316
Cash at bank and in hand 13,755 8,091
22,487 20,407
Creditors: amounts falling due within one year (24,378) (29,133)
Net current liabilities (1,891) (8,726)
Net assets/(liabilities) 141 (7,704)
Capital and reserves
Called up share capital 3 1 1
Profit and loss account 140 (7,705)
Shareholder's funds 141 (7,704)
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared in accordance with the provisions in Part 15 of the Companies Act 2006 applicable to companies subject to the small companies regime.
D Hughes
Director
Approved by the board on 19 August 2015
Canopy Law Limited
Notes to the Abbreviated Accounts
for the year ended 31 March 2015
1 Accounting policies
Basis of preparation
The accounts 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 the value, net of value added tax and discounts, of goods provided to customers and work carried out in respect of services provided to customers.
Depreciation
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives.
Plant and machinery 25% reducing balance
Leasing and hire purchase commitments
Rentals paid under operating leases are charged to income on a straight line basis over the lease term.
2 Tangible fixed assets £
Cost
At 1 April 2014 1,225
Additions 1,500
At 31 March 2015 2,725
Depreciation
At 1 April 2014 203
Charge for the year 490
At 31 March 2015 693
Net book value
At 31 March 2015 2,032
At 31 March 2014 1,022
3 Share capital Nominal 2015 2015 2014
value Number £ £
Allotted, called up and fully paid:
Ordinary shares £1 each 1 1 1
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