Parks Icecream Franchise Limited,Ltd - AccountsLtd - Accounts

Parks Icecream Franchise Limited,Ltd - AccountsLtd - Accounts

"PARKS" ICECREAM FRANCHISE LIMITED - Company Information

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2019-09-01 06991687 2020-08-31 06991687 2019-09-01 2020-08-31 06991687 2019-08-31 06991687 2018-09-01 2019-08-31 06991687 uk-core:WithinOneYear 2019-08-31 06991687 uk-core:WithinOneYear 2020-08-31 06991687 uk-core:AfterOneYear 2019-08-31 06991687 uk-core:AfterOneYear 2020-08-31 06991687 uk-core:ShareCapital 2020-08-31 06991687 uk-core:ShareCapital 2019-08-31 06991687 uk-core:RetainedEarningsAccumulatedLosses 2020-08-31 06991687 uk-core:RetainedEarningsAccumulatedLosses 2019-08-31 06991687 uk-bus:Director1 2019-09-01 2020-08-31 06991687 uk-core:WithinOneYear 2020-08-31 06991687 uk-core:WithinOneYear 2019-08-31 06991687 uk-core:AfterOneYear uk-core:Secured 2020-08-31 06991687 uk-core:AfterOneYear uk-core:Secured 2019-08-31 iso4217:GBP xbrli:pure 06991687 uk-bus:AuditExemptWithAccountantsReport 2019-09-01 2020-08-31 06991687 uk-bus:FRS102 2019-09-01 2020-08-31 06991687 uk-bus:FullAccounts 2019-09-01 2020-08-31 06991687 uk-bus:PrivateLimitedCompanyLtd 2019-09-01 2020-08-31
Parks Icecream Franchise Limited
Registered Number:06991687
For the year ended 31 August 2020
England and Wales
Unaudited Financial Statements
2
For the year ended 31 August 2020
Parks Icecream Franchise Limited
Contents Page
1
Statement of Financial Position
2 to 3
Notes to the Financial Statements
3
Registered Number :
06991687
As at 31 August 2020
Parks Icecream Franchise Limited
Statement of Financial Position
£
£
2019
2020
Notes
Fixed assets
Property, plant and equipment
65
87
65
87
Current assets
Inventories
1,500
1,000
2
Trade and other receivables
560
630
3
24,537
Cash and cash equivalents
53,359
54,989
26,597
Trade and other payables: amounts falling due within one
year
(21,344)
(31,880)
4
5,253
23,109
Net current assets
Total assets less current liabilities
23,174
5,340
Trade and other payables: amounts falling due after more
than one year
-
(18,066)
5
5,108
Net assets
5,340
Capital and reserves
Called up share capital
3
3
Retained earnings
5,105
5,337
5,108
5,340
Shareholders' funds
For the year ended 31 August 2020 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 2020 in accordance with Section 476 of the Companies Act 2006
The directors acknowledge their 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 25 February 2021 and were signed by:
The notes form part of these financial statements
1 of 3
4
For the year ended 31 August 2020
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. Inventories
2019
2020
£
£
Stocks
1,000
1,500
3. Trade and other receivables
2019
2020
£
£
Other debtors
630
560
2 of 3
5
For the year ended 31 August 2020
Parks Icecream Franchise Limited
Notes to the Financial Statements Continued
4. Trade and other payables: amounts falling due within one year
2019
2020
£
£
Bank loans and overdraft
951
-
Trade creditors
8,102
5,062
Taxation and social security
2,300
3,675
Other creditors
20,527
12,607
31,880
21,344
5. Trade and other payables: amounts falling due after more than one year
2019
2020
£
£
Bank loans and overdraft
18,066
-
6. Average number of persons employed
During the year the average number of employees was 3 (2019 : 3)
3 of 3