UK Parking Design Limited - Abbreviated accounts 16.1

REGISTERED NUMBER: 07029016 (England and Wales)

ABBREVIATED UNAUDITED ACCOUNTS FOR THE YEAR ENDED 31 OCTOBER 2015

FOR

UK PARKING DESIGN LIMITED

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTOR:

P R Jeary

SECRETARY:

Mrs S T Jeary

REGISTERED OFFICE:

29 Gildredge Road

Eastbourne

East Sussex

BN21 4RU

REGISTERED NUMBER:

07029016 (England and Wales)

ACCOUNTANTS:

Advanta

Chartered Accountants

29 Gildredge Road

Eastbourne

East Sussex

BN21 4RU

FIXED ASSETS

Tangible assets

2

29,390

32,729

CURRENT ASSETS

Stocks

52,000

32,539

Debtors

53,935

120,516

Cash at bank

45,823

34,512

151,758

187,567

CREDITORS

Amounts falling due within one year

123,580

151,043

NET CURRENT ASSETS

28,178

36,524

TOTAL ASSETS LESS CURRENT
LIABILITIES

57,568

69,253

CREDITORS

Amounts falling due after more than one
year

-

(17,635

)

PROVISIONS FOR LIABILITIES

(6,000

)

(7,144

)

NET ASSETS

51,568

44,474

CAPITAL AND RESERVES

Called up share capital

3

1,000

Profit and loss account

50,568

43,474

SHAREHOLDERS' FUNDS

51,568

44,474

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 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 financial statements were approved by the director on 30 June 2016 and were signed by:

P R Jeary - Director

1.	ACCOUNTING POLICIES

Accounting convention

The financial statements have been prepared under the historical cost convention.

Financial reporting standard number 1

Exemption has been taken from preparing a cash flow statement on the grounds that the company qualifies as

a small company.

Turnover

Turnover represents net invoiced sales of goods and services, 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 or, if held under a finance lease, over the lease term, whichever is the shorter.

Furniture,fittings & equipment

-

25% on reducing balance

Motor vehicles

-

25% on reducing balance

Computer & office equipment

-

Over 3 years

Stocks

Stocks and work in progress are valued at the lower of cost and net realisable value, after making due

allowance for obsolete and slow moving items.

Cost includes all direct expenditure and an appropriate proportion of fixed and variable overheads.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the

balance sheet date.

Foreign currencies

Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the

balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange

ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating

result.

Hire purchase and leasing commitments

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those

held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance

leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to the profit and loss account over the relevant period.

The capital element of the future payments is treated as a liability.

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.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 November 2014

70,386

Additions

7,833

At 31 October 2015

78,219

DEPRECIATION

At 1 November 2014

37,657

Charge for year

11,172

At 31 October 2015

48,829

NET BOOK VALUE

At 31 October 2015

29,390

At 31 October 2014

32,729

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2015

2014

value:

£

1,000

Ordinary

£1

1,000

4.	ULTIMATE PARENT COMPANY

Secure Holdings (GB) Limited is regarded by the director as being the company's ultimate parent company.