Abbreviated Company Accounts - PARK & GO SERVICES LIMITED

PARK & GO SERVICES LIMITED - Company Information

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Registered Number 02809185

PARK & GO SERVICES LIMITED

Abbreviated Accounts

31 March 2015

PARK & GO SERVICES LIMITED Registered Number 02809185

Abbreviated Balance Sheet as at 31 March 2015

	Notes	2015	2014
		£	£
Fixed assets
Tangible assets	2	20,501	25,024
		20,501	25,024
Current assets
Debtors		59,694	40,261
Cash at bank and in hand		132,669	191,443
		192,363	231,704
Creditors: amounts falling due within one year	3	(437,327)	(496,773)
Net current assets (liabilities)		(244,964)	(265,069)
Total assets less current liabilities		(224,463)	(240,045)
Total net assets (liabilities)		(224,463)	(240,045)
Capital and reserves
Called up share capital	4	100	100
Profit and loss account		(224,563)	(240,145)
Shareholders' funds		(224,463)	(240,045)

For the year ending 31 March 2015 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 30 September 2015

And signed on their behalf by:
Mrs J O'Keeffe-Howard, Director

PARK & GO SERVICES LIMITED Registered Number 02809185

Notes to the Abbreviated Accounts for the period ended 31 March 2015

1Accounting Policies

Basis of measurement and preparation of accounts
The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008).

The company has returned to profitability during the year. The directors anticipate that this trend will continue and the financial statements have therefore been prepared on a going concern basis.

The financial statements are prepared in accordance with applicable United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), which have been applied consistently (except as otherwise stated).

Turnover policy
Turnover represents amounts receivable for services provided net of VAT and trade discounts.

Tangible assets depreciation policy
Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost less estimated residual value of each asset over its expected useful life, as follows:

Computer equipment 15% reducing balance
Fixtures, fittings and equipment 15% reducing balance
Motor vehicles 25% reducing balance

Other accounting policies
Pensions
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are charged to the profit and loss account in the year they are payable.

2Tangible fixed assets

	£
Cost
At 1 April 2014	70,838
Additions	-
Disposals	-
Revaluations	-
Transfers	-
At 31 March 2015	70,838
Depreciation
At 1 April 2014	45,814
Charge for the year	4,523
On disposals	-
At 31 March 2015	50,337
Net book values
At 31 March 2015	20,501
At 31 March 2014	25,024

3Creditors

	2015 £	2014 £
Secured Debts	0	2,037

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

	2015 £	2014 £
40 A Ordinary shares of £1 each	40	40
35 B Ordinary shares of £1 each	35	35
25 C Ordinary shares of £1 each	25	25

5Transactions with directors

Name of director receiving advance or credit:	D Howard
Description of the transaction:	Loan
Balance at 1 April 2014:	£ 2,750
Advances or credits made:	£ 5,219
Advances or credits repaid:	-
Balance at 31 March 2015:	£ 7,969

Name of director receiving advance or credit:	J O'Keeffe-Howard
Description of the transaction:	Loan
Balance at 1 April 2014:	£ 2,750
Advances or credits made:	£ 5,219
Advances or credits repaid:	-
Balance at 31 March 2015:	£ 7,969

The loans to the directors were repayable on demand.