PARCAR LIMITED

PARCAR LIMITED

PARCAR LIMITED - Company Information

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PARCAR LIMITED

Company Registration Number:
05588871 (England and Wales)

Unaudited abridged accounts for the year ended 30 September 2019

Period of accounts

Start date: 01 October 2018

End date: 30 September 2019

PARCAR LIMITED

Contents of the Financial Statements

for the Period Ended 30 September 2019

Balance sheet
Notes

PARCAR LIMITED

Balance sheet

As at 30 September 2019


Notes
2019
2018


£
£
Fixed assets
Tangible assets: 2 64,728 5,695
Total fixed assets: 64,728 5,695
Current assets
Debtors: 3 683,618 182,289
Cash at bank and in hand: 140,154 359
Total current assets: 823,772 182,648
Creditors: amounts falling due within one year: 4 (754,094) (356,492)
Net current assets (liabilities): 69,678 (173,844)
Total assets less current liabilities: 134,406 (168,149)
Creditors: amounts falling due after more than one year:   (238,134)
Total net assets (liabilities): (103,728) (168,149)
Capital and reserves
Called up share capital: 3 3
Profit and loss account: (103,731) (168,152)
Shareholders funds: (103,728) (168,149)

The notes form part of these financial statements

PARCAR LIMITED

Balance sheet statements

For the year ending 30 September 2019 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.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A).

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The directors have chosen to not file a copy of the company’s profit & loss account.

This report was approved by the board of directors on 05 November 2019
and signed on behalf of the board by:

Name: Mr Sean Parker
Status: Director

The notes form part of these financial statements

PARCAR LIMITED

Notes to the Financial Statements

for the Period Ended 30 September 2019

1. Accounting policies

These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

Turnover policy

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

Tangible fixed assets and depreciation policy

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.

PARCAR LIMITED

Notes to the Financial Statements

for the Period Ended 30 September 2019

2. Tangible Assets

Total
Cost £
At 01 October 2018 101,728
Additions 63,448
At 30 September 2019 165,176
Depreciation
At 01 October 2018 96,033
Charge for year 4,415
At 30 September 2019 100,448
Net book value
At 30 September 2019 64,728
At 30 September 2018 5,695

PARCAR LIMITED

Notes to the Financial Statements

for the Period Ended 30 September 2019

3. Debtors

2019 2018
££
Debtors due after more than one year: 0 0

PARCAR LIMITED

Notes to the Financial Statements

for the Period Ended 30 September 2019

4. Creditors: amounts falling due within one year note

Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.