Parks Icecream Franchise Limited,Ltd - AccountsLtd - Accounts

Parks Icecream Franchise Limited,Ltd - AccountsLtd - Accounts

"PARKS" ICECREAM FRANCHISE LIMITED - Company Information

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2020-09-01 06991687 2021-08-31 06991687 2020-09-01 2021-08-31 06991687 2020-08-31 06991687 2019-09-01 2020-08-31 06991687 uk-core:WithinOneYear 2020-08-31 06991687 uk-core:WithinOneYear 2021-08-31 06991687 uk-core:AfterOneYear 2020-08-31 06991687 uk-core:AfterOneYear 2021-08-31 06991687 uk-core:ShareCapital 2021-08-31 06991687 uk-core:ShareCapital 2020-08-31 06991687 uk-core:RetainedEarningsAccumulatedLosses 2021-08-31 06991687 uk-core:RetainedEarningsAccumulatedLosses 2020-08-31 06991687 uk-bus:Director1 2020-09-01 2021-08-31 06991687 uk-core:WithinOneYear 2021-08-31 06991687 uk-core:WithinOneYear 2020-08-31 06991687 uk-core:AfterOneYear uk-core:Secured 2021-08-31 06991687 uk-core:AfterOneYear uk-core:Secured 2020-08-31 iso4217:GBP xbrli:pure 06991687 uk-bus:AuditExemptWithAccountantsReport 2020-09-01 2021-08-31 06991687 uk-bus:FRS102 2020-09-01 2021-08-31 06991687 uk-bus:FullAccounts 2020-09-01 2021-08-31 06991687 uk-bus:PrivateLimitedCompanyLtd 2020-09-01 2021-08-31
Parks Icecream Franchise Limited
Registered Number:06991687
For the year ended 31 August 2021
England and Wales
Unaudited Financial Statements
2
For the year ended 31 August 2021
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 2021
Parks Icecream Franchise Limited
Statement of Financial Position
£
£
2020
2021
Notes
Fixed assets
Property, plant and equipment
49
65
49
65
Current assets
Inventories
1,000
1,000
2
Trade and other receivables
630
630
3
53,359
Cash and cash equivalents
119,158
120,788
54,989
Trade and other payables: amounts falling due within one
year
(31,880)
(100,921)
4
23,109
19,867
Net current assets
Total assets less current liabilities
19,916
23,174
Trade and other payables: amounts falling due after more
than one year
(18,066)
(14,550)
5
5,366
Net assets
5,108
Capital and reserves
Called up share capital
3
3
Retained earnings
5,363
5,105
5,366
5,108
Shareholders' funds
For the year ended 31 August 2021 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 2021 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 28 February 2022 and were signed by:
The notes form part of these financial statements
1 of 3
4
For the year ended 31 August 2021
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
2020
2021
£
£
Stocks
1,000
1,000
3. Trade and other receivables
2020
2021
£
£
Other debtors
630
630
2 of 3
5
For the year ended 31 August 2021
Parks Icecream Franchise Limited
Notes to the Financial Statements Continued
4. Trade and other payables: amounts falling due within one year
2020
2021
£
£
Bank loans and overdraft
3,575
951
Trade creditors
9,260
8,102
Taxation and social security
4,751
2,300
Other creditors
83,335
20,527
100,921
31,880
5. Trade and other payables: amounts falling due after more than one year
2020
2021
£
£
Bank loans and overdraft
14,550
18,066
6. Average number of persons employed
During the year the average number of employees was 3 (2020 : 3)
3 of 3