Parkinson Farr Limited - Abbreviated accounts 16.3

REGISTERED NUMBER: 06100758 (England and Wales)

ABBREVIATED ACCOUNTS FOR THE YEAR ENDED 29 FEBRUARY 2016

FOR

PARKINSON FARR LIMITED

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

Report of the Accountants

6

DIRECTORS:

P A Farr

K J Parkinson

H Ward

B Parkinson

SECRETARY:

P A Farr

REGISTERED OFFICE:

41 Walm Lane

Willesden Green

London

NW2 4RT

REGISTERED NUMBER:

06100758 (England and Wales)

ACCOUNTANTS:

Gill & Company

248 Church Lane

Kingsbury

London

NW9 8SL

FIXED ASSETS

Intangible assets

2

6,000

12,000

Tangible assets

3

4,491

6,071

10,491

18,071

CURRENT ASSETS

Debtors

252

-

Prepayments and accrued income

7,500

Cash at bank

237,460

189,716

245,212

197,216

CREDITORS

Amounts falling due within one year

273,386

203,517

NET CURRENT LIABILITIES

(28,174

)

(6,301

)

TOTAL ASSETS LESS CURRENT
LIABILITIES

(17,683

)

11,770

CAPITAL AND RESERVES

Called up share capital

4

100

Profit and loss account

(17,783

)

11,670

SHAREHOLDERS' FUNDS

(17,683

)

11,770

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 29 February 2016.

The members have not required the company to obtain an audit of its financial statements for the year ended 29 February 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 29 November 2016 and were
signed on its behalf by:

P A Farr - Director

K J Parkinson - 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 represents net invoiced sales of services, excluding value added tax.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2007, is being amortised evenly over its estimated useful life of ten years.

Tangible fixed assets

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

Land and buildings

-

10% on cost

Plant and machinery etc

-

25% on reducing balance

Deferred tax

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

reversed at the balance sheet date.

2.	INTANGIBLE FIXED ASSETS

Total

£

COST

At 1 March 2015

and 29 February 2016

62,183

AMORTISATION

At 1 March 2015

50,183

Amortisation for year

6,000

At 29 February 2016

56,183

NET BOOK VALUE

At 29 February 2016

6,000

At 28 February 2015

12,000

3.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 March 2015

and 29 February 2016

29,670

DEPRECIATION

At 1 March 2015

23,599

Charge for year

1,580

At 29 February 2016

25,179

NET BOOK VALUE

At 29 February 2016

4,491

At 28 February 2015

6,071

4.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2016

2015

value:

£

100

Ordinary

£1

100

The following reproduces the text of the report prepared for the directors in respect of the

company's annual unaudited financial statements, from which the unaudited abbreviated

accounts (set out on pages two to five) have been prepared.

As described on the balance sheet you are responsible for the preparation of the financial statements for the year ended 29 February 2016 set out on pages three to nine and you consider that the company is exempt from an audit.

In accordance with your instructions, we have compiled these unaudited financial statements in order to assist you to fulfil your statutory responsibilities, from the accounting records and information and explanations supplied to us.

Gill & Company

248 Church Lane

Kingsbury

London

NW9 8SL

29 November 2016