CREATIVE_PARKING_LIMITED - Accounts

CREATIVE PARKING LIMITED - Company Information

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Company Registration No. 07630345 (England and Wales)

CREATIVE PARKING LIMITED

ABBREVIATED ACCOUNTS

FOR THE YEAR ENDED 30 MARCH 2016

CREATIVE PARKING LIMITED

CONTENTS

Page

Abbreviated balance sheet

Notes to the abbreviated accounts

CREATIVE PARKING LIMITED

ABBREVIATED BALANCE SHEET

AS AT

30 MARCH 2016

- 1 -

2016

2015

Notes

Current assets

Debtors

1,815,786

1,045,071

Cash at bank and in hand

1,502

1,817,288

1,045,136

Creditors: amounts falling due within one year

(3,752,740)

(2,980,588)

Total assets less current liabilities

(1,935,452)

Capital and reserves

Called up share capital

Profit and loss account

(1,935,453)

Shareholders' funds

(1,935,452)

For the financial year ended 30 March 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 and authorised for issue on 16 December 2016

Creative Technologies and Systems Limited

Director

Company Registration No. 07630345

CREATIVE PARKING LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS

FOR THE YEAR ENDED 30 MARCH 2016

- 2 -

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).

As at the year end the company had net liabilities of £1,935,453. Other group companies have indicated their present intention to provide adequate finance to enable the company to continue its operations and on this basis the directors consider it appropriate to prepare these financial statements on the going concern basis.

The financial statements do not reflect any adjustments that would result from the withdrawal of this financial support.

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

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

1.4

Pensions

The company operates a defined contributions pension scheme. Contributions are charged to the profit and loss account as they become payable in accordance with the rules of the scheme.

1.5

Deferred taxation

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

Share capital

2016

2015

Allotted, called up and fully paid

1 Ordinary share of £1 each

Ultimate parent company

The ultimate parent company is Creative Technologies and Systems Limited.