Park Logik Systems Limited - Abbreviated accounts 16.3

REGISTERED NUMBER: 08533852 (England and Wales)

Abbreviated Unaudited Accounts

for the Year Ended 31 May 2016

for

Park Logik Systems Limited

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTORS:

T Crowley

Mrs L M Crowley

SECRETARY:

Mrs L M Crowley

REGISTERED OFFICE:

6 Nottingham Road

Long Eaton

Nottingham

United Kingdom

NG10 1HP

REGISTERED NUMBER:

08533852 (England and Wales)

ACCOUNTANTS:

Phipp & Co (Accountants) Limited

6 Nottingham Road

Long Eaton

Nottingham

United Kingdom

NG10 1HP

FIXED ASSETS

Tangible assets

2

349

313

CURRENT ASSETS

Debtors

-

7,800

Cash at bank

95,560

61,663

95,560

69,463

CREDITORS

Amounts falling due within one year

18,911

22,366

NET CURRENT ASSETS

76,649

47,097

TOTAL ASSETS LESS CURRENT LIABILITIES

76,998

47,410

CAPITAL AND RESERVES

Called up share capital

3

100

100

Profit and loss account

76,898

47,310

SHAREHOLDERS' FUNDS

76,998

47,410

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 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 27 October 2016 and were signed on its behalf by:

T Crowley - 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).

Exemption from preparing a cash flow statement

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 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.

Computer equipment

-

33.33% on cost

Deferred tax

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

at the balance sheet date.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 June 2015

470

Additions

289

At 31 May 2016

759

DEPRECIATION

At 1 June 2015

157

Charge for year

253

At 31 May 2016

410

NET BOOK VALUE

At 31 May 2016

349

At 31 May 2015

313

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2016

2015

value:

£

£

100

Ordinary

£1

100

100