Company Registration No. 7894793 (England and Wales)
Part Concept Limited
Unaudited accounts
for the year ended 31 December 2016
Part Concept Limited
Unaudited accounts
Contents
Part Concept Limited
Company Information
for the year ended 31 December 2016
Directors
Pak Wei Pang
Marion Wozniezko
Secretary
Marion Wozniezko
Company Number
7894793 (England and Wales)
Registered Office
Jasmine Cottage
Rowland
Bakewell
Derbyshire
DE45 1NR
England
Accountants
Andrew B Sharkey Ltd
Jasmine Cottage
Rowland
Bakewell
Derbyshire
DE45 1NR
Part Concept Limited
Statement of financial position
as at 31 December 2016
Tangible assets
1,099
1,374
Cash at bank and in hand
39,633
24,543
Creditors: amounts falling due within one year
(17,742)
(24,964)
Net current assets
46,266
50,745
Called up share capital
100
100
Profit and loss account
47,265
52,019
Shareholders' funds
47,365
52,119
For the year ending 31 December 2016 the company was entitled to exemption from audit 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 and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
Approved by the Board on 24 July 2017.
Pak Wei Pang
Director
Company Registration No. 7894793
Part Concept Limited
Notes to the Accounts
for the year ended 31 December 2016
Part Concept Limited is a private company, limited by shares, registered in England and Wales, registration number 7894793. The principal place of business is 15 School Lane, Greenhill, Sheffield, S8 7RL, England.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
These financial statements for the year ended 31 December 2016 are the first financial statements that comply with FRS 102 Section 1A Small Entities. The date of transition is 1 January 2015.
The transition to FRS 102 Section 1A Small Entities has resulted in a small number of changes in accounting policies to those used previously.
The nature of these changes and their impact on opening equity and profit for the comparative period are explained in the notes below.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Turnover represents the value, net of VAT and discounts, of goods provided to customers and work carried out in respect of services provided to customers.
Tangible fixed assets policy
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
20% reducing balance
Part Concept Limited
Notes to the Accounts
for the year ended 31 December 2016
4
Tangible fixed assets
Plant & machinery
Trade debtors
21,925
49,831
7
Creditors: amounts falling due within one year
2016
2015
Corporation tax
3,780
11,604
Loans from directors
13,962
12,631
Allotted, called up and fully paid:
100 Ordinary shares of £1 each
100
100
9
Average number of employees
During the year the average number of employees was 1 (2015: 1).
