Abbreviated Company Accounts - PARMAR-CEUTICALS LIMITED

PARMAR-CEUTICALS LIMITED - Company Information

03496193 PARMAR-CEUTICALS LIMITED 2014-10-31 false 2013-11-01 2014-10-31 true 03496193 2013-11-01 2014-10-31 03496193 2014-10-31 03496193 2013-10-31 03496193 uk-gaap-cd-bus:Director1 2013-11-01 2014-10-31 03496193 uk-gaap-cd-bus:Director2 2013-11-01 2014-10-31 uk-gaap-cd-bus:OrdinaryShareClass1 2013-11-01 2014-10-31 uk-gaap-cd-bus:OrdinaryShareClass1 2014-10-31 uk-gaap-cd-bus:OrdinaryShareClass1 2013-10-31 iso4217:GBP shares

Registered Number 03496193

PARMAR-CEUTICALS LIMITED

Abbreviated Accounts

31 October 2014

PARMAR-CEUTICALS LIMITED Registered Number 03496193

Abbreviated Balance Sheet as at 31 October 2014

	Notes	2014	2013
		£	£
Fixed assets
Intangible assets	2	79,109	90,410
Tangible assets	3	27,042	21,118
		106,151	111,528
Current assets
Stocks		145,848	137,242
Debtors		86,379	110,385
Cash at bank and in hand		105,480	167,371
		337,707	414,998
Creditors: amounts falling due within one year		(116,481)	(147,164)
Net current assets (liabilities)		221,226	267,834
Total assets less current liabilities		327,377	379,362
Creditors: amounts falling due after more than one year		(71,857)	(89,789)
Total net assets (liabilities)		255,520	289,573
Capital and reserves
Called up share capital	4	100	100
Profit and loss account		255,420	289,473
Shareholders' funds		255,520	289,573

For the year ending 31 October 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 29 July 2015

And signed on their behalf by:
N B Parmar, Director
J N Parmar, Director

PARMAR-CEUTICALS LIMITED Registered Number 03496193

Notes to the Abbreviated Accounts for the period ended 31 October 2014

1Accounting Policies

Basis of measurement and preparation of accounts
The accounts have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities effective April 2008.

Turnover policy
Turnover represents the total invoice value, excluding value added tax, of sales made during the year.

Tangible assets depreciation policy
Depreciation is provided at rates calculated to write off the cost less residual value of each asset over its expected useful life, as follows:
Leasehold properties - Straight line over the life of the lease
Fixtures, fittings and equipment - 20% reducing balance

Intangible assets amortisation policy
Acquired goodwill is written off in equal annual instalments over its estimated useful economic life of
20 years.

Valuation information and policy
Stock is valued at the lower of cost and net realisable value.

2Intangible fixed assets

	£
Cost
At 1 November 2013	226,022
Additions	-
Disposals	-
Revaluations	-
Transfers	-
At 31 October 2014	226,022
Amortisation
At 1 November 2013	135,612
Charge for the year	11,301
On disposals	-
At 31 October 2014	146,913
Net book values
At 31 October 2014	79,109
At 31 October 2013	90,410

3Tangible fixed assets

	£
Cost
At 1 November 2013	71,641
Additions	11,576
Disposals	-
Revaluations	-
Transfers	-
At 31 October 2014	83,217
Depreciation
At 1 November 2013	50,523
Charge for the year	5,652
On disposals	-
At 31 October 2014	56,175
Net book values
At 31 October 2014	27,042
At 31 October 2013	21,118

4Called Up Share Capital
Allotted, called up and fully paid:

	2014 £	2013 £
100 Ordinary shares of £1 each	100	100