Parkway 38 Limited - Limited company - abbreviated

REGISTERED NUMBER: 04354157 (England and Wales)

Abbreviated Accounts for the Year Ended 31 January 2014

for

PARKWAY 38 LIMITED

Page

Company Information

1

Abbreviated Balance Sheet

2

to

3

Notes to the Abbreviated Accounts

4

DIRECTORS:

R Sivakumar

T Strbac

REGISTERED OFFICE:

38 Parkway

Camden

London

NW1 7AH

REGISTERED NUMBER:

04354157 (England and Wales)

ACCOUNTANTS:

A M Management Consultants Limited

45 Chandos Avenue

London

N14 7ES

FIXED ASSETS

Tangible assets

2

66,018

70,113

CURRENT ASSETS

Stocks

4,800

4,200

Debtors

-

10,000

Prepayments and accrued income

6,200

Cash in hand

358

1,931

11,358

22,331

CREDITORS

Amounts falling due within one year

(92,977

)

(91,608

)

NET CURRENT LIABILITIES

(81,619

)

(69,277

)

TOTAL ASSETS LESS CURRENT
LIABILITIES

(15,601

)

836

CAPITAL AND RESERVES

Called up share capital

3

100

Profit and loss account

(15,701

)

736

SHAREHOLDERS' FUNDS

(15,601

)

836

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2014.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2014 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 23 October 2014 and were signed on its behalf by:

R Sivakumar - Director

T Strbac - 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 April 2008).

Turnover

Turnover represents net invoiced sales of goods, 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.

Plant and machinery etc

-

20% on reducing balance

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow

moving items.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to the profit and loss account on a straight line basis over the period

of the lease.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 February 2013

363,464

Additions

12,410

At 31 January 2014

375,874

DEPRECIATION

At 1 February 2013

293,351

Charge for year

16,505

At 31 January 2014

309,856

NET BOOK VALUE

At 31 January 2014

66,018

At 31 January 2013

70,113

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.1.14

31.1.13

value:

£

100

Ordinary

1

100

Parkway 38 Limited - Limited company - abbreviated - 11.6

Parkway 38 Limited - Limited company - abbreviated - 11.6