Parfitt Removals Limited - Abbreviated accounts 16.1

Parfitt Removals Limited - Abbreviated accounts 16.1

PARFITT REMOVALS LIMITED - Company Information

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REGISTERED NUMBER: 04592918 (England and Wales)




















Abbreviated Unaudited Accounts

for the Year Ended 31 December 2015

for

Parfitt Removals Limited

Parfitt Removals Limited (Registered number: 04592918)






Contents of the Abbreviated Accounts
for the Year Ended 31 December 2015




Page

Company Information 1

Abbreviated Balance Sheet 2

Notes to the Abbreviated Accounts 4

Parfitt Removals Limited

Company Information
for the Year Ended 31 December 2015







DIRECTOR: D Parfitt





REGISTERED OFFICE: 3 Landmark House
Wirral Park Road
Glastonbury
Somerset
BA6 9FR





REGISTERED NUMBER: 04592918 (England and Wales)





ACCOUNTANTS: Monahans
Chartered Accountants
3 Landmark House
Wirral Park Road
Glastonbury
Somerset
BA6 9FR
Page 1
Parfitt Removals Limited (Registered number: 04592918)

Abbreviated Balance Sheet
31 December 2015

2015 2014
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 2 - -
Tangible assets 3 10,511 13,493
10,511 13,493

CURRENT ASSETS
Stocks 500 1,050
Debtors 10,319 15,566
Cash at bank and in hand 51,723 47,738
62,542 64,354
CREDITORS
Amounts falling due within one year 34,942 49,333
NET CURRENT ASSETS 27,600 15,021
TOTAL ASSETS LESS CURRENT
LIABILITIES
38,111
28,514

PROVISIONS FOR LIABILITIES 1,872 2,418
NET ASSETS 36,239 26,096

CAPITAL AND RESERVES
Called up share capital 4 100 100
Profit and loss account 36,139 25,996
SHAREHOLDERS' FUNDS 36,239 26,096

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2015 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 notes form part of these abbreviated accounts

Page 2 continued...
Parfitt Removals Limited (Registered number: 04592918)

Abbreviated Balance Sheet - continued
31 December 2015



The financial statements were approved by the director on 12 May 2016 and were signed by:





D Parfitt - Director


The notes form part of these abbreviated accounts

Page 3
Parfitt Removals Limited (Registered number: 04592918)

Notes to the Abbreviated Accounts
for the Year Ended 31 December 2015

1. ACCOUNTING POLICIES

Basis of preparing the financial statements
The accounts have been prepared on a going concern basis, which assumes that the company's director will
continue to provide sufficient financial resources to enable the company to continue its normal operations for the
foreseeable future.

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 January 2015).

Turnover
Turnover represents net invoiced sales of goods, excluding value added tax.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2003, is being amortised evenly over its estimated useful life of ten years.

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

Plant and machinery etc - 33% on straight line basis, 25% on reducing balance, 25% on straight line basis and 20% on straight line basis

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow
moving items.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to the profit and loss account on a straight line basis over the
period of the lease.

2. INTANGIBLE FIXED ASSETS
Total
£   
COST
At 1 January 2015
and 31 December 2015 15,000
AMORTISATION
At 1 January 2015
and 31 December 2015 15,000
NET BOOK VALUE

At 31 December 2015 -
At 31 December 2014 -

Page 4 continued...
Parfitt Removals Limited (Registered number: 04592918)

Notes to the Abbreviated Accounts - continued
for the Year Ended 31 December 2015

3. TANGIBLE FIXED ASSETS
Total
£   
COST
At 1 January 2015 56,724
Additions 591
At 31 December 2015 57,315
DEPRECIATION
At 1 January 2015 43,231
Charge for year 3,573
At 31 December 2015 46,804
NET BOOK VALUE
At 31 December 2015 10,511
At 31 December 2014 13,493

4. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2015 2014
value: £    £   
100 Ordinary 1 100 100

Page 5