Company Registration No. 7894793 (England and Wales)
Part Concept Limited
Unaudited accounts
for the year ended 31 December 2018
Part Concept Limited
Unaudited accounts
Contents
Part Concept Limited
Company Information
for the year ended 31 December 2018
Directors
Pak Wei Pang
Marion Pang
Company Number
7894793 (England and Wales)
Registered Office
Jasmine Cottage
Rowland
Bakewell
Derbyshire
DE45 1NR
England
Accountants
Andrew B Sharkey Ltd
Jasmine Cottage
Rowland
Bakewell
Derbyshire
DE45 1NR
Part Concept Limited
Statement of financial position
as at 31 December 2018
Cash at bank and in hand
9,156
20,823
Creditors: amounts falling due within one year
(12,202)
(29,171)
Net current assets
18,568
29,646
Called up share capital
100
100
Profit and loss account
19,171
30,425
Shareholders' funds
19,271
30,525
For the year ending 31 December 2018 the company was entitled to exemption from audit 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 and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
Approved by the Board on 16 April 2019.
Pak Wei Pang
Director
Company Registration No. 7894793
Part Concept Limited
Notes to the Accounts
for the year ended 31 December 2018
Part Concept Limited is a private company, limited by shares, registered in England and Wales, registration number 7894793. The registered office is Jasmine Cottage, Rowland, Bakewell, Derbyshire, DE45 1NR, England.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Turnover represents the value, net of VAT and discounts, of goods provided to customers and work carried out in respect of services provided to customers.
Tangible fixed assets policy
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
20% reducing balance
4
Tangible fixed assets
Plant & machinery
Part Concept Limited
Notes to the Accounts
for the year ended 31 December 2018
Trade debtors
19,429
34,045
7
Creditors: amounts falling due within one year
2018
2017
Taxes and social security
849
2,736
Loans from directors
11,051
25,935
Allotted, called up and fully paid:
100 Ordinary shares of £1 each
100
100
9
Transactions with related parties
The company paid a dividend of £14,700 to Pak Wei Pang and Marion Pang (directors) (2017: £28,000.)
10
Average number of employees
During the year the average number of employees was 1 (2017: 1).
