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COPA SPORTS LIMITED




Company Registration Number:
06504685 (England and Wales)



Abbreviated (Unaudited) Accounts



Period of accounts


Start date: 01st March 2009

End date: 28th February 2010

SUBMITTED

COPA SPORTS LIMITED

Company Information
for the Period Ended
28th February 2010




Director: Abel Cambra
Company secretary: Joanne Cambra
Registered office: 10 Smalls Hill Road
Leigh
Reigate
Surrey
RH2 8PE
GB-ENG
Company Registration Number: 06504685 (England and Wales)

COPA SPORTS LIMITED

Abbreviated Balance sheet
As at 28th February 2010

Notes 2010
£
2009
£
Fixed assets
Intangible assets: 0 0
Tangible assets: 2 3,776 1,900
Total fixed assets: 3,776 1,900
Current assets
Stocks: 525 1,350
Debtors: 0 0
Cash at bank and in hand: 0 0
Total current assets: 525 1,350
Creditors
Creditors: amounts falling due within one year 0 0
Net current assets (liabilities): 525 1,350
Total assets less current liabilities: 4,301 3,250
Creditors: amounts falling due after more than one year: 0 0
Provision for liabilities: 0 .0
Total net assets (liabilities): 4,301 3,250

The notes form part of these financial statements

COPA SPORTS LIMITED

Abbreviated Balance sheet
As at 28th February 2010
continued

Notes 2010
£
2009
£
Capital and reserves
Called up share capital: 3 4,074 2,487
Revaluation reserve: 0 1,900
Profit and Loss account: 227 ( 1,137 )
Total shareholders funds: 4,301 3,250

For the year ending 28 February 2010 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 and in accordance with the Financial Reporting Standard for Smaller Entities (effective 2008).

The financial statements were approved by the Board of Directors on 29 November 2010

SIGNED ON BEHALF OF THE BOARD BY:

Name: Abel Cambra
Status: Director

The notes form part of these financial statements

COPA SPORTS LIMITED

Notes to the Abbreviated Accounts
for the Period Ended
28th February 2010

  • 1. Accounting policies

    Basis of measurement and preparation of accounts

    The financial statements have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (Effective April 2008)

    Turnover policy

    The turnover shown in the profit and loss account represents revenue earned during the period, exclusive of VAT

    Tangible fixed assets depreciation policy

    Depreciation is provided, after taking account of any grants receivable, at the following annual rates in order to write off each asset over its estimated useful life. Freehold buildings - 2% on cost or revalued amounts, Plant and Machinery - 15% on cost, Fixtures and fittings - 10% on cost, Motor vehicles - 25% on cost.

    Intangible fixed assets amortisation policy

    Intangible fixed assets (including purchased goodwill and patents) are amortised at rates calculated to write off the assets on a straight basis over their estimated useful economic lives, not to exceed twenty years. Impairment of intangible assets is only reviewed where circumstances indicate that the carrying value of an asset may not be fully recoverable.

    Valuation information and policy

    Stocks and work -in-progress are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items. Cost includes all direct expenditure and an appropriate proportion of fixed and variable overheads.

  • 2. Tangible assets

    Total
    Cost £
    At 01st March 2009: 1,900
    Additions: 2,542
    Disposals: 0
    Revaluations: 0
    Transfers: 0
    At 28th February 2010: 4,442
    Depreciation
    At 01st March 2009: 0
    Charge for year: 666
    On disposals: 0
    Other adjustments 0
    At 28th February 2010: 666
    Net book value
    At 28th February 2010: 3,776
    At 28th February 2009: 1,900

  • 3. Called up share capital

    Allotted, called up and paid

    Previous period 2009
    Class Number of shares Nominal value per share Total
    Ordinary shares: 2,487 1 2,487
    Preference shares: 0 1 0
    Total share capital: 2,487
    Current period 2010
    Class Number of shares Nominal value per share Total
    Ordinary shares: 4,074 1 4,074
    Preference shares: 0 1 0
    Total share capital: 4,074