Parks Icecream Franchise Limited,Ltd - Accounts

Parks Icecream Franchise Limited,Ltd - Accounts

"PARKS" ICECREAM FRANCHISE LIMITED - Company Information

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2015-09-01 true false Private Limited Company 06991687 2016-08-31 06991687 2015-09-01 2016-08-31 06991687 2015-08-31 06991687 2014-09-01 2015-08-31 06991687 uk-bus:Director1 2015-09-01 2016-08-31 iso4217:GBP
Parks Icecream Franchise Limited
For the year ended 31 August 2016
Unaudited Abbreviated Report and Financial Statements
England and Wales
Registered Number: 06991687
2
Contents Page
Parks Icecream Franchise Limited
For the year ended 31 August 2016
1
Accountants' Report
2
Balance Sheet
3
Notes to the Abbreviated Financial Statements
3
Parks Icecream Franchise Limited
Accountants' Report
For the year ended 31 August 2016
As described on the balance sheet you are responsible for the preparation of the financial statements for the year
ended 31 August 2016 and you consider that the company is exempt from an audit under the Companies Act 2006.
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.
Howard Gebhard & Co
74 Westcliffe Drive
Blackpool
Lancashire
FY3 7HG
27 January 2017
Dated:
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Abbreviated Balance Sheet
Parks Icecream Franchise Limited
As at 31 August 2016
06991687
Registered Number :
£
£
2016
Notes
2015
Fixed assets
Tangible assets
2
205
274
205
274
Current assets
Stocks
1,500
1,500
Debtors
630
630
Cash at bank and in hand
28,922
20,012
31,052
22,142
Creditors: amounts falling due within one year
(19,737)
(28,340)
2,405
2,712
Net current assets
Total assets less current liabilities
2,917
2,679
2,917
Net assets
2,679
Capital and reserves
Called up share capital
3
3
Profit and loss account
2,914
2,676
2,917
2,679
Shareholders funds
For the year ended 31 August 2016 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors responsibilities: 1) The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476;
2) 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.
Date approved by the board: 27 January 2017
F P Gallagher Director
Signed on behalf of the board of directors
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Notes to the Abbreviated Financial Statements
Parks Icecream Franchise Limited
For the year ended 31 August 2016
1 Accounting Policies
Basis of accounting
The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities.
Turnover
The turnover represents the retail value of sales of the company during the financial period.
Tangible fixed assets
Depreciation is provided at rates appropriate to write off the cost assets over its estimated useful life.The rate applied is 25% on a reducing balance basis.
2 Tangible fixed assets
Tangible fixed
assets
Cost or valuation
£
650
At 01 September 2015
At 31 August 2016
650
Depreciation
376
At 01 September 2015
69
Charge for year
445
At 31 August 2016
Net book values
At 31 August 2016
205
274
At 31 August 2015
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