Parkinson Property Consultants Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 07236689 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 APRIL 2019

FOR

PARKINSON PROPERTY CONSULTANTS LIMITED

Page

Company Information

1

Statement of Financial Position

2

Notes to the Financial Statements

4

DIRECTORS:

G J Bartlett

A H Bellis

D Crawshaw

M Smith

REGISTERED OFFICE:

Douglas Bank House

Wigan Lane

Wigan

WN1 2TB

REGISTERED NUMBER:

07236689 (England and Wales)

ACCOUNTANTS:

Fairhurst

Chartered Accountants

Douglas Bank House

Wigan Lane

Wigan

Lancashire

WN1 2TB

FIXED ASSETS

Intangible assets

4

48,243

60,304

Tangible assets

5

5,571

8,477

53,814

68,781

CURRENT ASSETS

Stocks

-

60,000

Debtors

6

190,598

74,372

Cash at bank and in hand

36,113

16,366

226,711

150,738

CREDITORS

Amounts falling due within one year

7

198,028

134,798

NET CURRENT ASSETS

28,683

15,940

TOTAL ASSETS LESS CURRENT LIABILITIES

82,497

84,721

CAPITAL AND RESERVES

Called up share capital

120

120

Retained earnings

82,377

84,601

SHAREHOLDERS' FUNDS

82,497

84,721

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2019.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 2019 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Statement of Comprehensive Income has not been delivered.

The financial statements were approved by the Board of Directors on 9 December 2019 and were signed on its behalf by:

G J Bartlett - Director

1.	STATUTORY INFORMATION

Parkinson Property Consultants Limited is a private company, limited by shares , registered in England and

Wales. The company's registered number and registered office address can be found on the Company

Information page.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with the provisions of Section 1A "Small Entities"

of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of

Ireland" and the Companies Act 2006. The financial statements have been prepared under the historic cost

convention.

The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure

is required to show a true and fair view.

The principle accounting policies adopted in the preparation of the financial statements are set out below.

Turnover

Turnover represents the value of services provided, excluding value added tax, during the year.

Turnover is recognised when the service has occured and an invoice is raised and sent to the customer.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2013, is being amortised evenly over its estimated useful life of ten years.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life.

Plant and machinery etc

-

25% on reducing balance

Financial instruments

The following assets and liabilities are classified as financial instruments; trade debtors, Directors' loan accounts,

trade creditors, bank loans and accruals.

Financial instruments that are payable or receivable within one year, typically trade debtors, Directors loan

accounts, trade creditors and accruals are measured initially and subsequently at the undiscounted amount of the

cash ot other consideration that is expected to be paid or received.

Financial instruments repayable in more than one year such as bank loans are initially measured at present value

of the future payments and subsequently at amortised cost using the effective interest method unless the effect of

discounting would be immaterial.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Comprehensive

Income, except to the extent that it relates to items recognised in other comprehensive income or directly in

equity.

Current tax is recognised at the amount of tax payable using the tax rates and laws that that have been enacted or

substantively enacted by the statement of financial position date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the

statement of financial position date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from

those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that

have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the

timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they

will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the

lease.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 10 (2018 - 9 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 May 2018

and 30 April 2019

120,609

AMORTISATION

At 1 May 2018

60,305

Charge for year

12,061

At 30 April 2019

72,366

NET BOOK VALUE

At 30 April 2019

48,243

At 30 April 2018

60,304

5.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 May 2018

22,563

Additions

916

At 30 April 2019

23,479

DEPRECIATION

At 1 May 2018

14,086

Charge for year

3,822

At 30 April 2019

17,908

NET BOOK VALUE

At 30 April 2019

5,571

At 30 April 2018

8,477

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2019

2018

£

£

Trade debtors

151,790

71,607

Other debtors

38,808

2,765

190,598

74,372

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2019

2018

£

£

Trade creditors

54,000

14,256

Taxation and social security

123,004

94,818

Other creditors

21,024

25,724

198,028

134,798

8.	LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:

2019

2018

£

£

Within one year

18,315

18,315

Between one and five years

18,315

18,315

36,630

36,630

9.	RELATED PARTY DISCLOSURES