Parkers Bristol Limited Small abbreviated accounts
Parkers Bristol Limited Small abbreviated accounts
COMPANY REGISTRATION NUMBER
04594945
FOR
CHARTERED CERTIFIED ACCOUNTANTS' REPORT TO THE DIRECTOR ON THE PREPARATION OF THE UNAUDITED STATUTORY ACCOUNTS OF PARKERS BRISTOL LIMITED
YEAR ENDED 30TH NOVEMBER 2016
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the abbreviated accounts of Parkers Bristol Limited for the year ended 30th November 2016 from the company's accounting records and from information and explanations you have given us.
As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at www.accaglobal.com/en/member/professional-standards/rules-standards/acca-rulebook.html.
Our work has been undertaken in accordance with the requirements of Association of Chartered Certified Accountants as detailed at www.accaglobal.com/content/dam/ACCA_Global/Technical/fact/technical-factsheet-163.pdf.
ABBREVIATED BALANCE SHEET
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2016 |
2015 |
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Note |
£ |
£ |
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FIXED ASSETS |
2 |
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Tangible assets |
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----- |
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CURRENT ASSETS
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Stocks |
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Debtors |
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Cash at bank and in hand |
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--------- |
--------- |
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50,888 |
42,430 |
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CREDITORS: Amounts falling due within one year |
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--------- |
--------- |
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NET CURRENT ASSETS/(LIABILITIES) |
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(
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-------- |
----- |
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TOTAL ASSETS LESS CURRENT LIABILITIES |
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-------- |
----- |
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CAPITAL AND RESERVES
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Called up equity share capital |
3 |
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Profit and loss account |
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-------- |
----- |
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SHAREHOLDERS' FUNDS |
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-------- |
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Director's responsibilities:
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The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and
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The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These abbreviated accounts were approved and signed by the director and authorised for issue on
9 August 2017
.
Company Registration Number:
04594945
NOTES TO THE ABBREVIATED ACCOUNTS
YEAR ENDED 30TH NOVEMBER 2016
1.
ACCOUNTING POLICIES
Basis of accounting
Turnover
Fixed assets
Depreciation
Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful economic life of that asset as follows:
Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.
Operating lease agreements
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against profits on a straight line basis over the period of the lease.
Pension costs
The company operates a defined contribution scheme for certain of its employees. The assets of the scheme are held separately from those of the company in an independently administered fund. Contributions are charged to the profit and loss account as they become payable in accordance with the rules of the schemes and are shown in note 4.
Deferred taxation
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date where transactions or events have occurred at that date that will result in an obligation to pay more, or a right to pay less or to receive more tax, with the following exceptions:
Provision is made for tax on gains arising from the revaluation (and similar fair value adjustments) of fixed assets, and gains on disposal of fixed assets that have been rolled over into replacement assets, only to the extent that, at the balance sheet date, there is a binding agreement to dispose of the assets concerned. However, no provision is made where, on the basis of all available evidence at the balance sheet date, it is more likely than not that the taxable gain will be rolled over into replacement assets and charged to tax only where the replacement assets are sold.
Deferred tax assets are recognised only to the extent that the director considers that it is more likely than not that there will be suitable taxable profits from which the future reversal of the underlying timing differences can be deducted.
Deferred tax is measured on an undiscounted basis at the tax rates that are expected to apply in the periods in which timing differences reverse, based on tax rates and laws enacted or substantively enacted at the balance sheet date.
Financial instruments
Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as either financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.
2.
FIXED ASSETS
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Tangible Assets |
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£ |
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COST
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At 1st December 2015 |
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Additions |
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-------- |
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At 30th November 2016 |
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-------- |
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DEPRECIATION
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At 1st December 2015 |
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Charge for year |
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-------- |
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At 30th November 2016 |
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-------- |
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NET BOOK VALUE
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At 30th November 2016 |
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----- |
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At 30th November 2015 |
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3.
SHARE CAPITAL
Allotted, called up and fully paid:
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2016 |
2015 |
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No. |
£ |
No. |
£ |
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