R S Parkin Limited - Abbreviated accounts 16.1

REGISTERED NUMBER: 07317803 (England and Wales)

ABBREVIATED UNAUDITED ACCOUNTS

FOR THE YEAR ENDED 31 MARCH 2016

FOR

R S PARKIN LIMITED

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTORS:

Mr S Parkin

Mr R Parkin

REGISTERED OFFICE:

Unit 2, Carbon Court

Springvale Road

Park Springs

Barnsley

South Yorkshire

S72 7FF

REGISTERED NUMBER:

07317803 (England and Wales)

ACCOUNTANTS:

Gibson Booth Limited

12 Victoria Road

Barnsley

South Yorkshire

S70 2BB

BANKERS:

HSBC Bank PLC

5 Market Hill

Barnsley

South Yorkshire

S70 2PY

FIXED ASSETS

Intangible assets

2

-

Tangible assets

3

165,246

26,604

165,246

26,604

CURRENT ASSETS

Stocks

183,766

114,190

Debtors

686,142

557,760

Cash at bank and in hand

201,301

368,525

1,071,209

1,040,475

CREDITORS

Amounts falling due within one year

206,045

215,970

NET CURRENT ASSETS

865,164

824,505

TOTAL ASSETS LESS CURRENT
LIABILITIES

1,030,410

851,109

PROVISIONS FOR LIABILITIES

23,723

5,321

NET ASSETS

1,006,687

845,788

CAPITAL AND RESERVES

Called up share capital

4

2

Profit and loss account

1,006,685

845,786

SHAREHOLDERS' FUNDS

1,006,687

845,788

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2016.

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

Mr S Parkin - 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 January

2015).

Turnover

Turnover is recognised to the extent that the company has obtained the right to

consideration through the performance of it's contractual obligations. Where the substance

is that the company's contractual obligations are performed over time, turnover is

recognised as contract activity progresses to reflect the company's partial performance of

it's contractual obligations. The amount recognised represents the right to consideration by

reference to the value of the work performed.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2010, is being amortised evenly over its estimated useful life of five years.

Tangible fixed assets

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

Leasehold improvements

-

5% on cost

Plant and machinery

-

20% on reducing balance

Fixtures, fittings & equipment

-

20% on cost

Motor vehicles

-

25% on reducing balance

Stocks

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

for obsolete and slow moving items.

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.

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.	INTANGIBLE FIXED ASSETS

Total

£

COST

At 1 April 2015

and 31 March 2016

10,000

AMORTISATION

At 1 April 2015

and 31 March 2016

10,000

NET BOOK VALUE

At 31 March 2016

-

At 31 March 2015

-

3.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 April 2015

41,957

Additions

161,107

At 31 March 2016

203,064

DEPRECIATION

At 1 April 2015

15,353

Charge for year

22,465

At 31 March 2016

37,818

NET BOOK VALUE

At 31 March 2016

165,246

At 31 March 2015

26,604

4.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.3.16

31.3.15

value:

£

1

Ordinary Class A

£1

1

Ordinary Class B

£1

1

2