Parkway Professional Services Ltd - Period Ending 2015-06-30

Registration number: 06295711

Parkway Professional Services Ltd

Unaudited Abbreviated Accounts

for the Year Ended 30 June 2015
 

Parkway Professional Services Ltd
Contents

Page

Abbreviated Balance Sheet 1 to 2

Notes to the Abbreviated Accounts 3 to 4

Parkway Professional Services Ltd
(Registration number: 06295711)
Abbreviated Balance Sheet at 30 June 2015

		Note			2015 £			2014 £
Fixed assets
Tangible fixed assets					2,011			1,419
Current assets
Debtors					9,048			8,262
Cash at bank and in hand					6,131			12,029
					15,179			20,291
Creditors: Amounts falling due within one year					(15,031)			(20,302)
Net current assets/(liabilities)					148			(11)
Total assets less current liabilities					2,159			1,408
Provisions for liabilities					(402)			(284)
Net assets					1,757			1,124
Capital and reserves
Called up share capital		3			1,000			1,000
Profit and loss account					757			124
Shareholders' funds					1,757			1,124

Page 1

Parkway Professional Services Ltd
(Registration number: 06295711)
Abbreviated Balance Sheet at 30 June 2015

For the year ending 30 June 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 director acknowledges his 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 director on 7 January 2016

Mr S M Chappell Director

Page 2

Parkway Professional Services Ltd
Notes to the Abbreviated Accounts
For the Year Ended 30 June 2015

1	Accounting policies

Basis of preparation

The full financial statements, from which these abbreviated accounts have been extracted, 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 invoices issued during the year, including work completed or in progress at the balance sheet date.

Depreciation

Depreciation is provided on tangible fixed assets so as to write off the cost or valuation, less any estimated residual value, over their expected useful economic life as follows:

Asset class	Depreciation method and rate
Office equipment	25% Reducing Balance

Deferred tax

Deferred tax is recognised, without discounting, in respect of all timing differences between the treatment of certain items for taxation and accounting purposes, which have arisen but not reversed by the balance sheet date, except as required by the FRSSE. Deferred tax is measured at the rates that are expected to apply in the periods when the timing differences are expected to reverse, based on the tax rates and law enacted at the balance sheet date.

Page 3

Parkway Professional Services Ltd
Notes to the Abbreviated Accounts
For the Year Ended 30 June 2015

2	Fixed assets

		Tangible assets £			Total £
Cost
At 1 July 2014		4,459			4,459
Additions		1,264			1,264
At 30 June 2015		5,723			5,723
Depreciation
At 1 July 2014		3,040			3,040
Charge for the year		672			672
At 30 June 2015		3,712			3,712
Net book value
At 30 June 2015		2,011			2,011
At 30 June 2014		1,419			1,419

3	Share capital

Allotted, called up and fully paid shares

	2015						2014
		No.			£			No.			£
Ordinary of £1 each		1,000			1,000			1,000			1,000

Page 4