TK Parm Distribution Ltd - Period Ending 2014-08-31

TK Parm Distribution Ltd - Period Ending 2014-08-31


TK Parm Distribution Ltd 8647168 false true 2013-08-12 2014-08-31 2014-08-31 8647168 2013-08-12 2014-08-31 8647168 2014-08-31 8647168 uk-bus:OrdinaryShareClass1 2014-08-31 8647168 uk-bus:CompanySecretary 2013-08-12 2014-08-31 8647168 uk-bus:OrdinaryShareClass1 2013-08-12 2014-08-31 8647168 2013-08-11 iso4217:GBP xbrli:shares

Registration number: 8647168

TK Parm Distribution Ltd

Unaudited Abbreviated Accounts

for the Period from 12 August 2013 to 31 August 2014

 

 

TK Parm Distribution Ltd
Contents

Abbreviated Balance Sheet

1

Notes to the Abbreviated Accounts

2

 

TK Parm Distribution Ltd
(Registration number: 8647168)
Abbreviated Balance Sheet at 31 August 2014

   

Note

   

31 August 2014
£

 

Current assets

 

       

Stocks

 

   

43,706

 

Debtors

 

   

594

 

Cash at bank and in hand

 

   

4,900

 
   

   

49,200

 

Creditors: Amounts falling due within one year

 

   

(55,917)

 

Net liabilities

 

   

(6,717)

 

Capital and reserves

 

       

Called up share capital

 

2

   

3

 

Profit and loss account

 

   

(6,720)

 

Shareholders' deficit

 

   

(6,717)

 

For the year ending 31 August 2014 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.

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

Approved by the Board on 12 May 2015 and signed on its behalf by:


 
Dr Andrew Charles Parmley
 
Company secretary

The notes on page 2 form an integral part of these financial statements.
Page 1

 

TK Parm Distribution Ltd
Notes to the Abbreviated Accounts for the Period from 12 August 2013 to 31 August 2014
......... continued

1

Accounting policies

Basis of preparation

The full financial statements, from which these abbreviated accounts have been extracted, have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (Effective April 2008).

Going concern

The company has commenced to make sales and it is expected to become profitable in the near future. The directors have agreed to continue to support the company for the foreseeable future whilst the business gets up and running and accordingly the accounts have been prepared on a going concern basis.

Stock

Stock is valued at the lower of cost and net realisable value, after due regard for obsolete and slow moving stocks. Net realisable value is based on selling price less anticipated costs to completion and selling costs.

Financial instruments

Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities. Where shares are issued, any component that creates a financial liability of the company is presented as a liability in the balance sheet. The corresponding dividends relating to the liability component are charged as interest expense in the profit and loss account.

2

Share capital

Allotted, called up and fully paid shares

 

31 August 2014

   

No.

   

£

 

Ordinary shares of £1 each

 

3

   

3

 
             

New shares allotted

During the period 3 Ordinary Shares having an aggregate nominal value of £3 were allotted for an aggregate consideration of £3. on incorporation.