Parking Control Management (UK) Limited - Limited company - abbreviated - 11.0.0

PARKING CONTROL MANAGEMENT (UK) LIMITED

Abbreviated Unaudited Accounts

For The Year Ended 31 March 2014

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTOR:

Mr I D Cordingley

REGISTERED OFFICE:

The Courtyard

1a Cranbourne Road

Slough

Berkshire

SL1 2XF

REGISTERED NUMBER:

04395994 (England and Wales)

FIXED ASSETS

Tangible assets

2

777,941

541,841

CURRENT ASSETS

Debtors

53,676

331,703

Cash at bank

196,389

-

250,065

331,703

CREDITORS

Amounts falling due within one year

412,687

553,631

NET CURRENT LIABILITIES

(162,622

)

(221,928

)

TOTAL ASSETS LESS CURRENT LIABILITIES

615,319

319,913

CREDITORS

Amounts falling due after more than one year

(271,160

)

(237,917

)

PROVISIONS FOR LIABILITIES

(4,025

)

-

NET ASSETS

340,134

81,996

CAPITAL AND RESERVES

Called up share capital

3

2

2

Profit and loss account

340,132

81,994

SHAREHOLDERS' FUNDS

340,134

81,996

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2014 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 director on 17 October 2014 and were signed by:

Mr I D Cordingley - Director

1.	ACCOUNTING POLICIES

Basis of preparing the financial statements

In the opinion of the director, it remains appropriate to continue to adopt the going concern basis of accounting.

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 or, if held under a finance lease, over the lease term, whichever is the shorter.

Freehold property

-

2% on cost

Plant and machinery

-

25% on reducing balance

Motor vehicles

-

25% on reducing balance

Computer equipment

-

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.

Hire purchase and leasing commitments

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held

under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases

are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to the profit and loss account over the relevant period. The

capital element of the future payments is treated as a liability.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 April 2013

953,171

Additions

458,112

Disposals

(309,951

)

At 31 March 2014

1,101,332

DEPRECIATION

At 1 April 2013

411,330

Charge for year

129,899

Eliminated on disposal

(217,838

)

At 31 March 2014

323,391

NET BOOK VALUE

At 31 March 2014

777,941

At 31 March 2013

541,841

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2014

2013

value:

£

£

2

Ordinary

£1

2

2

4.	DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The director held an interest of 100% in the total dividends paid by the company, during the year.