PARSA RAD LIMITED - Filleted accounts

LA PERSE PRODUCTS LTD - Company Information

PARSA RAD LIMITED
Registered number:		09389518
Balance Sheet
as at 31 January 2019

Notes			2019			2018
£				£
Fixed assets
Tangible assets	2		714			-

Current assets
Cash at bank and in hand		47,522			60,561

Creditors: amounts falling due within one year	3	(33,687)			(42,393)

Net current assets			13,835			18,168

Net assets			14,549			18,168

Capital and reserves
Called up share capital			1			1
Profit and loss account			14,548			18,167

Shareholders' funds			14,549			18,168

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 members have 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 and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.




Mr Parsa Rad
Director
Approved by the board on 20 September 2019

PARSA RAD LIMITED
Notes to the Accounts
for the year ended 31 January 2019


1	Accounting policies

	Basis of preparation
	The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).

	Turnover
	Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.

	Tangible fixed assets
	Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:

	Computers & equipment	over 3 years

2	Tangible fixed assets
					Computers & equipment
£
	Cost
	Additions				779
	At 31 January 2019				779

	Depreciation
	Charge for the year				65
	At 31 January 2019				65

	Net book value
	At 31 January 2019				714


3	Creditors: amounts falling due within one year		2019		2018
£				£

	Bank loans and overdrafts		499		-
	Taxation and social security costs		6,364		5,531
	Other creditors		26,824		36,862
			33,687		42,393


4	Controlling party

	The director controls the company.


5	Other information

	PARSA RAD LIMITED is a private company limited by shares and incorporated in England. Its registered office is:
	Suite 1, Parkway 5, Emerson Business Centre,
	300 Princess Road
	Manchester
	M14 7HR

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