PARKHOUSE_EVANS_LIMITED - Accounts

PARKHOUSE EVANS LIMITED - Company Information

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Company Registration No. 02847344 (England and Wales)

PARKHOUSE EVANS LIMITED

UNAUDITED ABBREVIATED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 APRIL 2016

PARKHOUSE EVANS LIMITED

CONTENTS

Page

Accountants' report

Abbreviated balance sheet

Notes to the abbreviated accounts

3 - 4

PARKHOUSE EVANS LIMITED

CHARTERED ACCOUNTANTS' REPORT TO THE BOARD OF DIRECTORS ON THE PREPARATION OF THE UNAUDITED STATUTORY FINANCIAL STATEMENTS OF PARKHOUSE EVANS LIMITED FOR THE YEAR ENDED 30 APRIL 2016

- 1 -

The following reproduces the text of the Accountants' Report prepared in respect of the company's annual unaudited financial statements, from which the unaudited abbreviated financial statements set out on pages 2 to 4 have been prepared.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Parkhouse Evans Limited for the year ended 30 April 2016 which comprise the Profit and Loss Account, the Balance Sheet and the related notes from the company’s accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales, we are subject to its ethical and other professional requirements which are detailed at http://www.icaew.com/en/members/regulations-standards-and-guidance/.

This report is made solely to the Board of Directors of Parkhouse Evans Limited, as a body, in accordance with the terms of our engagement letter dated 30 June 2016. Our work has been undertaken solely to prepare for your approval the financial statements of Parkhouse Evans Limited and state those matters that we have agreed to state to the Board of Directors of Parkhouse Evans Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16 AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Parkhouse Evans Limited and its Board of Directors as a body, for our work or for this report.

It is your duty to ensure that Parkhouse Evans Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Parkhouse Evans Limited. You consider that Parkhouse Evans Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Parkhouse Evans Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

Clear & Lane Limited

Chartered Accountants

340 Melton Road

Leicester

LE4 7SL

25 October 2016

PARKHOUSE EVANS LIMITED

ABBREVIATED BALANCE SHEET

AS AT

30 APRIL 2016

- 2 -

2016

2015

Notes

Fixed assets

Tangible assets

24,182

10,053

Current assets

Stocks

3,000

Debtors

21,965

119,960

Cash at bank and in hand

5,994

24,976

128,954

Creditors: amounts falling due within one year

(26,274)

(103,773)

Net current liabilities/(assets)

(1,298)

25,181

Total assets less current liabilities

22,884

35,234

Capital and reserves

Called up share capital

100

Profit and loss account

22,784

35,134

Shareholders' funds

22,884

35,234

For the financial year ended 30 April 2016 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.

These abbreviated financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime.

Approved by the Board for issue on 25 October 2016

Mr J G Parkhouse-Evans

Director

Company Registration No. 02847344

PARKHOUSE EVANS LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS

FOR THE YEAR ENDED 30 APRIL 2016

- 3 -

Accounting policies

1.1

Accounting convention

The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015).

1.2

Compliance with accounting standards

The financial statements are prepared in accordance with applicable United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), which have been applied consistently (except as otherwise stated).

1.3

Turnover and profits

Turnover represents amounts receivable for goods and services net of VAT and trade discounts.

1.4

Tangible fixed assets and depreciation

Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost less estimated residual value of each asset over its expected useful life, as follows:

Leasehold improvements

10% straight line

Fixtures, fittings & equipment

33.3% on net book value

1.5

Pensions

The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are charged to the profit and loss account in the year they are payable.

1.6

Deferred taxation

Deferred taxation is recognised in respect of all material timing differences between the treatment of certain items for taxation and accounting purposes. The deferred tax balance has not been discounted.

PARKHOUSE EVANS LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED)

FOR THE YEAR ENDED 30 APRIL 2016

- 4 -

Fixed assets

Tangible assets

Cost

At 1 May 2015

256,906

Additions

18,748

At 30 April 2016

275,654

Depreciation

At 1 May 2015

246,853

Charge for the year

4,619

At 30 April 2016

251,472

Net book value

At 30 April 2016

24,182

At 30 April 2015

10,053

Share capital

2016

2015

Allotted, called up and fully paid

100 Ordinary shares of £1 each

100