Parallel Notion Limited - Limited company - abbreviated - 11.9

REGISTERED NUMBER: 03746099 (England and Wales)

ABBREVIATED UNAUDITED ACCOUNTS

FOR THE YEAR ENDED 31 MARCH 2015

FOR

PARALLEL NOTION LIMITED

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

DIRECTORS:

N Prabhavalkar

Ms A Athayde

SECRETARY:

Ms A Athayde

REGISTERED OFFICE:

5 Chesnut Road

Kingston upon Thames

Surrey

KT2 5AP

REGISTERED NUMBER:

03746099 (England and Wales)

ACCOUNTANTS:

A N Perera & Co.

173 Barnfield Avenue

Kingston upon Thames

Surrey

KT2 5RQ

FIXED ASSETS

Tangible assets

2

6,113

5,249

CURRENT ASSETS

Debtors

14,246

20,387

Cash at bank and in hand

5,312

2

19,558

20,389

CREDITORS

Amounts falling due within one year

24,326

21,616

NET CURRENT LIABILITIES

(4,768

)

(1,227

)

TOTAL ASSETS LESS CURRENT LIABILITIES

1,345

4,022

CAPITAL AND RESERVES

Called up share capital

3

100

100

Profit and loss account

1,245

3,922

SHAREHOLDERS' FUNDS

1,345

4,022

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2015.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2015 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 abbreviated accounts have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.

The financial statements were approved by the Board of Directors on 9 December 2015 and were signed on its behalf by:

Ms A Athayde - Director

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 net invoiced sales of goods, excluding value added tax.

Tangible fixed assets

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

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 April 2014

31,186

Additions

1,942

At 31 March 2015

33,128

DEPRECIATION

At 1 April 2014

25,937

Charge for year

1,078

At 31 March 2015

27,015

NET BOOK VALUE

At 31 March 2015

6,113

At 31 March 2014

5,249

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.3.15

31.3.14

value:

£

£

100

Ordinary

1

100

100