Abbreviated Company Accounts - PARTH SERVICES LIMITED

Abbreviated Company Accounts - PARTH SERVICES LIMITED

PARTH SERVICES LIMITED - Company Information

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Registered Number 04964751

PARTH SERVICES LIMITED

Abbreviated Accounts

31 March 2016

PARTH SERVICES LIMITED Registered Number 04964751

Abbreviated Balance Sheet as at 31 March 2016

Notes 2016 2015
£ £
Fixed assets
Intangible assets 2 1 1
Tangible assets 3 625,874 631,208
625,875 631,209
Current assets
Stocks 55,666 39,012
Debtors 5,760 822
Cash at bank and in hand 217,163 237,142
278,589 276,976
Creditors: amounts falling due within one year 4 (164,144) (188,524)
Net current assets (liabilities) 114,445 88,452
Total assets less current liabilities 740,320 719,661
Creditors: amounts falling due after more than one year 4 (532,479) (560,692)
Accruals and deferred income (6,500) (6,179)
Total net assets (liabilities) 201,341 152,790
Capital and reserves
Called up share capital 100 100
Profit and loss account 201,241 152,690
Shareholders' funds 201,341 152,790
  • For the year ending 31 March 2016 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.
  • The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
  • The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
  • These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

Approved by the Board on 8 November 2016

And signed on their behalf by:
Y Jhala, Director

PARTH SERVICES LIMITED Registered Number 04964751

Notes to the Abbreviated Accounts for the period ended 31 March 2016

1Accounting Policies

Basis of measurement and preparation of accounts
The abbreviated financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit and loss.
The abbreviated financial accounts have been prepared in sterling, which is the functional currency of the entity.

Turnover policy
Turnover is measured at fair value of the consideration received for goods supplied and services rendered, net of discounts and Value Added Tax.

Tangible assets depreciation policy
Freehold property 2% pa straight line
Fixtures and equipment 25% pa straight line
Motor vehicles 25% pa straight line

Intangible assets amortisation policy
Goodwill 10% pa straight line

2Intangible fixed assets
£
Cost
At 1 April 2015 100,000
Additions -
Disposals -
Revaluations -
Transfers -
At 31 March 2016 100,000
Amortisation
At 1 April 2015 99,999
Charge for the year -
On disposals -
At 31 March 2016 99,999
Net book values
At 31 March 2016 1
At 31 March 2015 1
3Tangible fixed assets
£
Cost
At 1 April 2015 806,889
Additions 3,355
Disposals (868)
Revaluations -
Transfers -
At 31 March 2016 809,376
Depreciation
At 1 April 2015 175,681
Charge for the year 8,688
On disposals (867)
At 31 March 2016 183,502
Net book values
At 31 March 2016 625,874
At 31 March 2015 631,208
4Creditors
2016
£		 2015
£
Secured Debts 232,479 260,692