Parr Temps Limited - Accounts to registrar (filleted) - small 18.2

PARR TEMPS LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30TH JUNE 2019

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

I Blackledge

Mrs C Blackledge

REGISTERED OFFICE:

507 - 509 Tonge Moor Road

Bolton

BL2 3BG

REGISTERED NUMBER:

07256517 (England and Wales)

ACCOUNTANTS:

Wilkinson and Partners

Moors House

11 South Hawksworth Street

Ilkley

West Yorkshire

LS29 9DX

FIXED ASSETS

Intangible assets

4

-

-

Tangible assets

5

2,448

3,061

2,448

3,061

CURRENT ASSETS

Debtors

6

159,912

157,787

Cash at bank and in hand

11,641

16,571

171,553

174,358

CREDITORS

Amounts falling due within one year

7

84,551

74,942

NET CURRENT ASSETS

87,002

99,416

TOTAL ASSETS LESS CURRENT LIABILITIES

89,450

102,477

PROVISIONS FOR LIABILITIES

8

332

583

NET ASSETS

89,118

101,894

CAPITAL AND RESERVES

Called up share capital

9

2

2

Retained earnings

89,116

101,892

SHAREHOLDERS' FUNDS

89,118

101,894

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

The members have not required the company to obtain an audit of its financial statements for the year ended 30th June 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 Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors on 24th February 2020 and were signed on its behalf by:

I Blackledge - Director

1.	STATUTORY INFORMATION

Parr Temps 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 Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts,

rebates, value added tax and other sales taxes.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 0, is being amortised evenly over its estimated useful life of nil years.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost

less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets

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

Plant and machinery etc

-

20% on reducing balance

Taxation

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

Retained Earnings, except to the extent that it relates to items recognised in other comprehensive income or

directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

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

substantively enacted by the balance sheet date.

Deferred tax

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

balance sheet 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.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's

pension scheme are charged to profit or loss in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 58 (2018 - 58 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1st July 2018

and 30th June 2019

8,000

AMORTISATION

At 1st July 2018

and 30th June 2019

8,000

NET BOOK VALUE

At 30th June 2019

-

At 30th June 2018

-

5.	TANGIBLE FIXED ASSETS

Computer

equipment

£

COST

At 1st July 2018

and 30th June 2019

4,512

DEPRECIATION

At 1st July 2018

1,451

Charge for year

613

At 30th June 2019

2,064

NET BOOK VALUE

At 30th June 2019

2,448

At 30th June 2018

3,061

6.

DEBTORS

2019

2018

£

£

Amounts falling due within one year:

Trade debtors

84,743

66,935

Other debtors

-

19,402

Directors' current accounts

65,921

59,920

Prepayments and accrued income

7,298

11,530

157,962

157,787

Amounts falling due after more than one year:

S455 ICTA tax recoverable

1,950

-

Aggregate amounts

159,912

157,787

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2019

2018

£

£

Trade creditors

1

588

Corporation tax

797

2,748

Social security and other taxes

7,306

8,810

VAT

32,834

44,890

Other creditors

32,056

2,839

Accrued expenses

11,557

15,067

84,551

74,942

8.	PROVISIONS FOR LIABILITIES

2019

2018

£

£

Deferred tax

Accelerated capital allowances

332

583

Deferred

tax

£

Balance at 1st July 2018

583

Credit to Income Statement during year

(251

)

Balance at 30th June 2019

332

The movement in the deferred tax liability is attributable to capital allowances and losses carried forwards.

9.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2019

2018

value:

£

£

2

Ordinary

1

2

2

10.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 30th June 2019 and

30th June 2018:

2019

2018

£

£

I Blackledge and Mrs C Blackledge

Balance outstanding at start of year

59,020

-

Amounts advanced

6,000

59,020

Amounts repaid

-

-

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

65,020

59,020