Parr Temps Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 07256517 (England and Wales)

Unaudited Financial Statements for the Year Ended 30 June 2021

for

Parr Temps Limited

Page

Company information

1

Balance sheet

2

Notes to the financial statements

4

DIRECTORS:

I Blackledge

Ms C Blackledge

REGISTERED OFFICE:

507 - 509, Tonge Moor Road

Bolton

BL2 3BG

REGISTERED NUMBER:

07256517 (England and Wales)

ACCOUNTANTS:

DWilkinson&Company

Moors House

11 South Hawksworth Street

Ilkley

West Yorkshire

LS29 9DX

FIXED ASSETS

Intangible assets

4

-

-

Tangible assets

5

1,566

1,958

1,566

1,958

CURRENT ASSETS

Debtors

6

90,069

70,309

Cash at bank and in hand

34,651

1,118

124,720

71,427

CREDITORS

Amounts falling due within one year

7

78,735

23,986

NET CURRENT ASSETS

45,985

47,441

TOTAL ASSETS LESS CURRENT LIABILITIES

47,551

49,399

PROVISIONS FOR LIABILITIES

8

298

332

NET ASSETS

47,253

49,067

CAPITAL AND RESERVES

Called up share capital

9

2

2

Retained earnings

47,251

49,065

SHAREHOLDERS' FUNDS

47,253

49,067

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2021.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 2021 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a)	ensuring that the company keeps 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 Sections 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.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Statement of income and retained earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 12 January 2022 and were signed on its behalf by:

I Blackledge - Director

1.	STATUTORY INFORMATION

Parr Temps Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 0, is being amortised evenly over its estimated useful life of nil years.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery etc

-

20% on reducing balance

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 11 (2020 - 11 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 July 2020

and 30 June 2021

8,000

AMORTISATION

At 1 July 2020

and 30 June 2021

8,000

NET BOOK VALUE

At 30 June 2021

-

At 30 June 2020

-

5.	TANGIBLE FIXED ASSETS

Computer

equipment

£

COST

At 1 July 2020

and 30 June 2021

4,512

DEPRECIATION

At 1 July 2020

2,554

Charge for year

392

At 30 June 2021

2,946

NET BOOK VALUE

At 30 June 2021

1,566

At 30 June 2020

1,958

6.

DEBTORS

30.6.21

30.6.20

£

£

Amounts falling due within one year:

Trade debtors

367

888

Directors' current accounts

87,471

67,471

VAT

281

-

88,119

68,359

Amounts falling due after more than one year:

S455 ICTA tax recoverable

1,950

1,950

Aggregate amounts

90,069

70,309

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.6.21

30.6.20

£

£

Bank loans and overdrafts

50,000

-

Trade creditors

28

-

Corporation tax

797

797

Social security and other taxes

1,957

-

VAT

-

7,936

Other creditors

23,123

13,453

Accrued expenses

2,830

1,800

78,735

23,986

8.	PROVISIONS FOR LIABILITIES

30.6.21

30.6.20

£

£

Deferred tax

Accelerated capital allowances

298

332

Deferred

tax

£

Balance at 1 July 2020

332

Provided during year

(34

)

Balance at 30 June 2021

298

The movement in the deferred tax liability is attributable to capital allowances and losses carried forwards.

9.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

30.6.21

30.6.20

value:

£

£

2

Ordinary

1

2

2

10.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 30 June 2021 and 30 June 2020:

30.6.21

30.6.20

£

£

I Blackledge

Balance outstanding at start of year

67,471

67,471

Amounts advanced

20,000

-

Amounts repaid

-

-

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

87,471

67,471