Accounts Submission

Accounts Submission

PARCEL NETWORK LIMITED - Company Information

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PARCEL NETWORK LIMITED

Company Registration Number:
04821298 (England and Wales)

Abbreviated (Unaudited) Accounts

Period of accounts

Start date: 01 August 2015

End date: 31 July 2016

PARCEL NETWORK LIMITED

Abbreviated Balance sheet

As at 31 July 2016


Notes
2016
£
2015
£
Fixed assets
Tangible assets: 2 12,847 12,847
Total fixed assets: 12,847 12,847
Current assets
Debtors: 3 115,513 62,693
Cash at bank and in hand: 3,514
Total current assets: 119,027 62,693
Creditors: amounts falling due within one year: 4 ( 209,754 ) ( 187,045 )
Net current assets (liabilities): ( 90,727 ) ( 124,352 )
Total assets less current liabilities: ( 77,880 ) ( 111,505 )
Total net assets (liabilities): ( 77,880 ) ( 111,505 )

The notes form part of these financial statements

PARCEL NETWORK LIMITED

Balance sheet continued

As at 31 July 2016


Notes
2016
£
2015
£
Capital and reserves
Called up share capital: 5 100 100
Profit and loss account: ( 77,980 ) ( 111,605 )
Shareholders funds: ( 77,880 ) ( 111,505 )

For the year ending 31 July 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 and in accordance with the Financial Reporting Standard for Smaller Entities 2015.

The financial statements were approved by the Board of Directors on 26 April 2017

SIGNED ON BEHALF OF THE BOARD BY:

Name: Jagjit Singh Saran
Status: Director

The notes form part of these financial statements

PARCEL NETWORK LIMITED

Notes to the Abbreviated Accounts

for the Period Ended 31 July 2016

  • 1. Accounting policies

    Turnover policy

    The Turnover shown in the profit and loss account represents revenue earned during the period, exclusive of VAT.

    Tangible fixed assets depreciation policy

    Depreciation has not been done.

PARCEL NETWORK LIMITED

Notes to the Abbreviated Accounts

for the Period Ended 31 July 2016

  • 2. Tangible assets

    Total
    Cost £
    01 August 2015: 173,271
    Additions: 0
    Disposals: 0
    Revaluations: 0
    Transfers: 0
    31 July 2016: 173,271
    Depreciation
    01 August 2015: 160,424
    Charge for year: 0
    On disposals: 0
    Other adjustments: 0
    31 July 2016: 160,424
    Net book value
    31 July 2016: 12,847
    31 July 2015: 12,847

PARCEL NETWORK LIMITED

Notes to the Abbreviated Accounts

for the Period Ended 31 July 2016

  • 3. Debtors


    2016
    £
    2015
    £
    Trade debtors: 70,182 62,693
    Other debtors: 45,331
    Total: 115,513 62,693

PARCEL NETWORK LIMITED

Notes to the Abbreviated Accounts

for the Period Ended 31 July 2016

  • 4. Creditors: amounts falling due within one year


    2016
    £
    2015
    £
    Bank loans and overdrafts: 12,333 14,045
    Trade creditors: 5,591
    Taxation and social security: 191,830 173,000
    Total: 209,754 187,045

PARCEL NETWORK LIMITED

Notes to the Abbreviated Accounts

for the Period Ended 31 July 2016

  • 5. Called up share capital

    Allotted, called up and paid

    Previous period
    2015
    Class Number of shares Nominal value per share (£) Total (£)
    Ordinary shares: 100 1.00 100
    Preference shares: 0
    Total share capital (£): 100
    Current period
    2016
    Class Number of shares Nominal value per share (£) Total (£)
    Ordinary shares: 100 1.00 100
    Preference shares: 0
    Total share capital (£): 100