PARK FINANCIAL LIMITED Micro entities accounts

PARK FINANCIAL LIMITED Micro entities accounts

PARK FINANCIAL LIMITED - Company Information

Print Friendly Version

false false false false false false false false false true false false false false false false false No description of principal activity 2016-04-01 Sage Accounts Production Advanced 2017 - FRS xbrli:pure xbrli:shares iso4217:GBP 04098314 2016-04-01 2017-03-31 04098314 2017-03-31 04098314 2015-04-01 2016-03-31 04098314 2016-03-31 04098314 bus:LeadAgentIfApplicable 2016-04-01 2017-03-31 04098314 bus:Director1 2016-04-01 2017-03-31 04098314 bus:Director2 2016-04-01 2017-03-31 04098314 core:WithinOneYear 2017-03-31 04098314 core:WithinOneYear 2016-03-31 04098314 core:RestatedAmount 2016-03-31 04098314 bus:Micro-entities 2016-04-01 2017-03-31 04098314 bus:AuditExempt-NoAccountantsReport 2016-04-01 2017-03-31 04098314 bus:FullAccounts 2016-04-01 2017-03-31 04098314 bus:SmallCompaniesRegimeForAccounts 2016-04-01 2017-03-31 04098314 bus:PrivateLimitedCompanyLtd 2016-04-01 2017-03-31
COMPANY REGISTRATION NUMBER: 04098314
PARK FINANCIAL LIMITED
Unaudited Financial Statements
31 March 2017
PARK ACCOUNTS LTD
Chartered accountant
1 Approach Road
Raynes Park
London
SW20 8BA
PARK FINANCIAL LIMITED
Financial Statements
Year ended 31 March 2017
Contents
Page
Income statement
1
Statement of financial position and the notes to the financial statements
2
PARK FINANCIAL LIMITED
Income Statement
Year ended 31 March 2017
2017
2016
£
£
Turnover
99,019
194,731
Other income
-
1,326
--------
---------
99,019
196,057
Staff costs
( 36,799)
( 27,975)
Depreciation and other amounts written off assets
( 110)
( 146)
Other charges
(34,115)
(45,172)
Tax
( 5,619)
( 24,580)
--------
---------
Profit
22,376
98,184
--------
---------
PARK FINANCIAL LIMITED
Statement of Financial Position
31 March 2017
2017
2016
£
£
£
Fixed assets
42,534
42,644
--------
--------
Current assets
56,262
96,586
Creditors: amounts falling due within one year
32,699
51,759
--------
--------
Net current assets
23,563
44,827
--------
--------
Total assets less current liabilities
66,097
87,471
Accruals and deferred income
930
930
--------
--------
65,167
86,541
--------
--------
Capital and reserves
65,167
86,541
--------
--------
Notes to the financial statements
1. Directors' advances, credits and guarantees
Director I. T. Harper drew salary and dividends totalling £13,060 and director D O'Shea drew salary and dividends totalling £49,181 in the year. There were no loan balances outstanding to the company at the balance sheet date.
For the year ending 31 March 2017 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 financial statements have been prepared in accordance with the micro-entity provisions.
These financial statements were approved by the board of directors and authorised for issue on 19 July 2017 , and are signed on behalf of the board by:
Mr I T Harper
Mr D O'Shea
Director
Director
Company registration number: 04098314
The company is a private company limited by shares, registered in England and Wales.
PARK FINANCIAL LIMITED
Management Information
Year ended 31 March 2017
The following page does not form part of the financial statements.
PARK FINANCIAL LIMITED
Detailed Income Statement
Year ended 31 March 2017
2017
2016
£
£
Turnover
99,019
194,731
Other income
-
1,326
Staff costs
36,799
27,975
Depreciation and other amounts written off assets
110
146
Other charges
(34,115)
(45,172)
--------
---------
27,995
122,764
--------
---------
PARK FINANCIAL LIMITED
Notes to the Detailed Income Statement
Year ended 31 March 2017
2017
2016
£
£
Staff costs
Wages and salaries
7,219
8,575
Staff pension contributions - defined contribution
10,520
1,800
Directors salaries
11,000
10,600
Directors fees
8,060
7,000
--------
--------
36,799
27,975
--------
--------
Depreciation and other amounts written off assets
Depreciation of tangible assets
-
146
----
----
Other charges
Commissions paid
101
1,563
Rent
7,260
6,750
Insurance
2,735
2,018
Motor expenses
644
735
Travel and subsistence
156
170
Telephone
1,014
992
Office expenses
7,251
7,717
Printing postage and stationery
550
799
Staff welfare
90
90
Sundry expenses
120
-
General expenses (allowable)
-
1,461
Advertising - type 2
345
-
Legal and professional fees (allowable)
9,683
22,157
Accountancy fees
720
720
--------
--------
30,669
45,172
--------
--------