Accounts filed on 30-04-2021


ACCOUNTS
FOR THE YEAR ENDED 30/04/2021





DIRECTORS
Mark James PEGLER
Valentina MOISE
Jill WILLIAMS


REGISTERED OFFICE
30 Brown Street
Manchester
M2 1DH


COMPANY DETAILS
Private company limited by shares registered in EW - England and Wales, registered number 06557569



ACCOUNTANTS
The Accounts Company.Com Ltd
Chartered Accountants
1 City Approach
Albert Street
Eccles
Manchester
M30 OBG


ACCOUNTS
FOR THEYEARENDED30/04/2021



CONTENTS



		Page

Directors' Report		-

Accountants' Report		-

Statement Of Comprehensive Income		-

Balance Sheet		3

Notes To The Accounts		4


The following do not form part of the statutory financial statements:

Trading And Profit And Loss Account		-

Profit And Loss Account Summaries		-


BALANCE SHEET AT 30/04/2021

			2021		2020
	Notes		£		£

FIXED ASSETS
Intangible assets	3		469,669		442,614
Tangible assets	4		4,372		41,273

			474,041		483,887

CURRENT ASSETS
Debtors	5	677,055		853,744
Cash at bank and in hand		332,245		1,054,732
		1,009,300		1,908,476
CREDITORS: Amounts falling due within one year	6	1,342,982		2,567,843
NET CURRENT LIABILITIES			(333,682)		(659,367)
TOTAL ASSETS LESS CURRENT LIABILITIES			140,359		(175,480)


CREDITORS: Amounts falling due after more than one year	7		1,000,000		-

NET LIABILITIES			(859,641)		(175,480)

CAPITAL AND RESERVES

Called up share capital	8		3		3
Profit and loss account			(859,644)		(175,483)
SHAREHOLDERS' FUNDS			(859,641)		(175,480)

For the year ending 30/04/2021 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 and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The directors have decided not to deliver to the registrar a copy of the company's profit and loss account.

Approved by the board on 28/01/2022 and signed on their behalf by



.............................
Mark James PEGLER
Director

1. ACCOUNTING POLICIES




1a. Basis Of Accounting
The accounts have been prepared under the historical cost convention.
The accounts have been prepared in accordance with FRS102 section 1A - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006 .




1b. Going Concern
These financial statements have been prepared on the going concern basis.




1c. Depreciation
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives.

Fixtures And Fittings		reducing balance25%
Motor Cars		reducing balance25%




1d. Intangible Assets
Development expenditure is normally written off in the year of expenditure, however expenditure incurred on specific projects is capitalised when recoverability can be foreseen with reasonable certainty and is amortised in relation to sales from such projects.




1e. Pension Costs
The company operates a defined contribution pension scheme. The pension charge represents the amounts payable by the company to the fund in respect of the year.




1f. Foreign Currency
Foreign currency transactions are translated into the functional currency using the spot exchange rates at the dates of the transactions.




1g. Dividends On Shares Presented Within Shareholders Funds
Dividends unpaid at the balance sheet date are only recognised as a liability at that date to the extent that they are appropriately authorised and are no longer at the discretion of the Company Unpaid dividends that do not meet these criteria are disclosed in the notes to the financial statements.




1h. Foreign Currency Translation
Foreign currency transactions are translated into the functional currency using the spot exchange rates at the dates of the transactions. At each period end foreign currency monetary items are translated using the closing rate. Non-monetary items measured at historical cost are translated using the exchange rate at the date of the transaction and non-monetary items measured at fair value are measured using the exchange rate when fair value was determined.
Foreign exchange gains and losses resulting from the settlement of transactions and from the translation at period-end exchange rates of monetary assets and liabilities denominated in foreign currencies are recognised in the statement of comprehensive income except when deferred in other comprehensive income as qualifying cash flow hedges.
Foreign exchange gains and losses that relate to borrowings and cash and cash equivalents are presented in the statement of comprehensive income within 'finance income or costs'. All other foreign exchange gains and losses are presented in the statement of comprehensive income within 'other operating income'.




5. DEBTORS	2021	2020
	£	£
Amounts falling due within one year
Trade debtors	85,954	119,525
UK corporation tax	33,625	147,612
VAT	14,573	86,109
Other debtors	58,825	19,648
Amounts due from group companies	467,075	449,814
Prepayments	17,003	31,036
	677,055	853,744




6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
	2021	2020
	£	£
PAYE control	160,526	94,722
Trade creditors	87,250	781,061
Other creditors	904,640	1,431,173
Pension schemes	1,755	6,557
Accruals	188,811	254,330
	1,342,982	2,567,843




7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
	2021	2020
	£	£
Bank loans (unsecured) >1yr	1,000,000	-
	1,000,000	-




8. SHARE CAPITAL	2021	2020
	£	£
Allotted, issued and fully paid:
3 Ordinary shares of £1 each	3	3
	3	3




9. CONTROLLING PARTY
The company is controlled by Parkcloud Holdings Limited by virtue of its 100% ownership of the share

10. RELATED PARTY TRANSACTIONS

The company has taken advantage of the exemption available in Section 33.1A of FRS 102 whereby it has not disclosed transactions with the ultimate parent company or any wholly owned subsidiary undertaking of the group.