Parkroad Motorcycles(Southampton) Ltd - Limited company - abbreviated - 11.6
Parkroad Motorcycles(Southampton) Ltd - Limited company - abbreviated - 11.6
| REGISTERED NUMBER: |
| ABBREVIATED UNAUDITED ACCOUNTS |
| FOR THE YEAR ENDED 31 DECEMBER 2014 |
| FOR |
| PARKROAD MOTORCYCLES |
| (SOUTHAMPTON) LIMITED |
| PARKROAD MOTORCYCLES |
| (SOUTHAMPTON) LIMITED (REGISTERED NUMBER: 01238956) |
| CONTENTS OF THE ABBREVIATED ACCOUNTS |
| for the Year Ended 31 DECEMBER 2014 |
| Page |
| Company Information | 1 |
| Abbreviated Balance Sheet | 2 |
| Notes to the Abbreviated Accounts | 3 |
| PARKROAD MOTORCYCLES |
| (SOUTHAMPTON) LIMITED |
| COMPANY INFORMATION |
| for the Year Ended 31 DECEMBER 2014 |
| DIRECTORS: |
| REGISTERED OFFICE: |
| REGISTERED NUMBER: |
| ACCOUNTANTS: |
| BANKERS: |
| SOLICITORS: |
| PARKROAD MOTORCYCLES |
| (SOUTHAMPTON) LIMITED (REGISTERED NUMBER: 01238956) |
| ABBREVIATED BALANCE SHEET |
| 31 DECEMBER 2014 |
| 31.12.14 | 31.12.13 |
| Notes | £ | £ | £ | £ |
| FIXED ASSETS |
| Tangible assets | 2 |
| CURRENT ASSETS |
| Stocks |
| Debtors |
| Cash at bank and in hand |
| CREDITORS |
| Amounts falling due within one year |
| NET CURRENT LIABILITIES | ( |
) | ( |
) |
| TOTAL ASSETS LESS CURRENT LIABILITIES |
| PROVISIONS FOR LIABILITIES |
| NET ASSETS |
| CAPITAL AND RESERVES |
| Called up share capital | 3 |
| Capital redemption reserve |
| Profit and loss account |
| SHAREHOLDERS' FUNDS |
| 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 were approved by the Board of Directors on by: |
| PARKROAD MOTORCYCLES |
| (SOUTHAMPTON) LIMITED (REGISTERED NUMBER: 01238956) |
| NOTES TO THE ABBREVIATED ACCOUNTS |
| for the Year Ended 31 DECEMBER 2014 |
| 1. | ACCOUNTING POLICIES |
| Accounting convention |
| The financial statements have been prepared under the historical cost convention and in accordance with the |
| Financial Reporting Standard for Smaller Entities (effective April 2008). |
| Turnover |
| Turnover represents the income derived from the company's principal activity, and is stated net of value added |
| tax. |
| Tangible fixed assets |
| Short leasehold | - |
| Office equipment | - |
| Motor vehicles | - |
| Freehold Properties - The directors undertake an annual impairment review in order to take into account any |
| movement in value of the properties. |
| Stocks |
| Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and |
| slow moving items. |
| Deferred tax |
| Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the |
| balance sheet date. |
| 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 the profit and loss account in the period to which they relate. |
| 2. | TANGIBLE FIXED ASSETS |
| Total |
| £ |
| COST |
| At 1 January 2014 |
| and 31 December 2014 |
| DEPRECIATION |
| At 1 January 2014 |
| Charge for year |
| At 31 December 2014 |
| NET BOOK VALUE |
| At 31 December 2014 |
| At 31 December 2013 |
| 3. | CALLED UP SHARE CAPITAL |
| Allotted, issued and fully paid: |
| Number: | Class: | Nominal | 31.12.14 | 31.12.13 |
| value: | £ | £ |
| NIL | Ordinary Share Capital | £1 |
| A Ordinary | £1 |
| B Ordinary | £1 |
| 10,000 | 10,000 |
| PARKROAD MOTORCYCLES |
| (SOUTHAMPTON) LIMITED (REGISTERED NUMBER: 01238956) |
| NOTES TO THE ABBREVIATED ACCOUNTS - continued |
| for the Year Ended 31 DECEMBER 2014 |
| 4. | DIRECTORS' ADVANCES, CREDITS AND GUARANTEES |
| The following advances and credits to a director subsisted during the years ended 31 December 2014 and |
| 31 December 2013: |
| 31.12.14 | 31.12.13 |
| £ | £ |
| Balance outstanding at start of year |
| Amounts advanced |
| Amounts repaid | ( |
) | ( |
) |
| Balance outstanding at end of year |
| Interest on loans is charged at the official rate. |