Parks Icecream Franchise Limited,Ltd - AccountsLtd - Accounts

Parks Icecream Franchise Limited,Ltd - AccountsLtd - Accounts

"PARKS" ICECREAM FRANCHISE LIMITED - Company Information

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2018-09-01 06991687 2019-08-31 06991687 2018-09-01 2019-08-31 06991687 2018-08-31 06991687 2017-09-01 2018-08-31 06991687 uk-core:WithinOneYear 2018-08-31 06991687 uk-core:WithinOneYear 2019-08-31 06991687 uk-core:ShareCapital 2019-08-31 06991687 uk-core:ShareCapital 2018-08-31 06991687 uk-core:RetainedEarningsAccumulatedLosses 2019-08-31 06991687 uk-core:RetainedEarningsAccumulatedLosses 2018-08-31 06991687 uk-bus:Director1 2018-09-01 2019-08-31 iso4217:GBP xbrli:pure 06991687 uk-bus:AuditExemptWithAccountantsReport 2018-09-01 2019-08-31 06991687 uk-bus:FRS102 2018-09-01 2019-08-31 06991687 uk-bus:FullAccounts 2018-09-01 2019-08-31 06991687 uk-bus:PrivateLimitedCompanyLtd 2018-09-01 2019-08-31
Parks Icecream Franchise Limited
Registered Number:06991687
For the year ended 31 August 2019
England and Wales
Unaudited Financial Statements
2
For the year ended 31 August 2019
Parks Icecream Franchise Limited
Contents Page
1
Statement of Financial Position
2 to 3
Notes to the Financial Statements
3
As at 31 August 2019
Parks Icecream Franchise Limited
Statement of Financial Position
Registered Number :
06991687
£
£
2018
2019
Notes
Fixed assets
Property, plant and equipment
87
116
2
87
116
Current assets
Inventories
1,500
1,500
3
Trade and other receivables
630
560
4
29,372
Cash and cash equivalents
24,537
26,597
31,502
Trade and other payables: amounts falling due within one
year
(26,859)
(21,344)
5
4,643
5,253
Net current assets
Total assets less current liabilities
5,340
4,759
5,340
Net assets
4,759
Capital and reserves
Called up share capital
3
3
Retained earnings
5,337
4,756
5,340
4,759
Shareholders' funds
For the year ended 31 August 2019 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 of its financial statements for the year ended 31 August 2019 in accordance with Section 476 of the Companies Act 2006
The director acknowledges his responsibilities for:a) ensuring that the company keeps proper 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 Section
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.
In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.
The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
F P Gallagher Director
These financial statements were approved and authorised for issue by the Board on 20 January 2020 and were signed by:
The notes form part of these financial statements
1 of 3
4
For the year ended 31 August 2019
Parks Icecream Franchise Limited
Notes to the Financial Statements
Statutory Information
Parks Icecream Franchise Limited is a private limited company, limited by shares, domiciled in England and Wales,
registration number 06991687.
Registered address:
83 Orchard Avenue
Blackpool
FY4 2NY
The presentation currency is £ sterling.
1. Accounting policies
Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of FRS102 Section 1A small
entities.There were no material departures from that standard.
The financial statements have been prepared under the historical cost convention.
Revenue recognition
Inome represents the retail value of sales of the company during the financial period..
Property, plant and equipment
Property, plant and equipment are stated at cost less depreciation.Depreciation is provided at rates appropriate to write of the cost of the assets on a reducing balance basis over thei estimated usesful lives as follows:Plant and fixtures 25% per annum
2. Property, plant and equipment
Fixtures and
fittings
£
Cost or
valuation
At 01 September 2018
650
At 31 August 2019
650
Provision for depreciation and impairment
At 01 September 2018
534
Charge for year
29
At 31 August 2019
563
At 31 August 2019
Net book value
87
At 31 August 2018
116
2 of 3
5
For the year ended 31 August 2019
Parks Icecream Franchise Limited
Notes to the Financial Statements Continued
3. Inventories
2018
2019
£
£
Stocks
1,500
1,500
4. Trade and other receivables
2018
2019
£
£
Other debtors
560
630
5. Trade and other payables: amounts falling due within one year
2018
2019
£
£
Trade creditors
5,062
4,538
Taxation and social security
3,675
4,575
Other creditors
12,607
17,746
21,344
26,859
6. Average number of persons employed
During the year the average number of employees was 3 (2018 : 3)
3 of 3