TK Parm Distribution Ltd - Period Ending 2016-08-30

Registration number: 8647168

TK Parm Distribution Ltd

Unaudited Abbreviated Accounts

for the Period from 1 September 2015 to 30 August 2016

 

TK Parm Distribution Ltd
Contents

Abbreviated Balance Sheet 1

Notes to the Abbreviated Accounts 2 to 3

TK Parm Distribution Ltd
(Registration number: 8647168)
Abbreviated Balance Sheet at 30 August 2016

		Note			30 August 2016 £			31 August 2015 £
Fixed assets
Tangible fixed assets					15,285			14,580
Current assets
Stocks					106,467			104,748
Debtors					689			633
Cash at bank and in hand					745			8,763
					107,901			114,144
Creditors: Amounts falling due within one year					(157,483)			(157,275)
Net current liabilities					(49,582)			(43,131)
Net liabilities					(34,297)			(28,551)
Capital and reserves
Called up share capital		3			3			3
Profit and loss account					(34,300)			(28,554)
Shareholders' deficit					(34,297)			(28,551)

For the year ending 30 August 2016 the company was entitled to exemption 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 in accordance with the provisions applicable to companies subject to the small companies regime .

Approved by the Board on 30 August 2017 and signed on its behalf by:

.........................................
Dr Andrew Charles Parmley
Company secretary

The notes on pages 2 to 3 form an integral part of these financial statements.
Page 1

TK Parm Distribution Ltd
Notes to the Abbreviated Accounts for the Period from 1 September 2015 to 30 August 2016
......... continued

1	Accounting policies

Basis of preparation

The full financial statements, from which these abbreviated accounts have been extracted, have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (Effective January 2015).

Going concern

The directors have agreed to continue to support the company for the foreseeable future. Accordingly the accounts have been prepared on a going concern basis.

Turnover

Turnover represents amounts chargeable, net of value added tax, in respect of the sale of goods and services to customers.

Depreciation

Depreciation is provided on tangible fixed assets so as to write off the cost or valuation, less any estimated residual value, over their expected useful economic life as follows:

Asset class	Depreciation method and rate
Office equipment	25% reducing balance basis

Stock

Stock is valued at the lower of cost and net realisable value, after due regard for obsolete and slow moving stocks. Net realisable value is based on selling price less anticipated costs to completion and selling costs.

Financial instruments

Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as 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. Where shares are issued, any component that creates a financial liability of the company is presented as a liability in the balance sheet. The corresponding dividends relating to the liability component are charged as interest expense in the profit and loss account.

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TK Parm Distribution Ltd
Notes to the Abbreviated Accounts for the Period from 1 September 2015 to 30 August 2016
......... continued

2	Fixed assets

		Tangible assets £			Total £
Cost
At 1 September 2015		19,440			19,440
Additions		5,800			5,800
At 30 August 2016		25,240			25,240
Depreciation
At 1 September 2015		4,860			4,860
Charge for the period		5,095			5,095
At 30 August 2016		9,955			9,955
Net book value
At 30 August 2016		15,285			15,285
At 31 August 2015		14,580			14,580

3	Share capital

Allotted, called up and fully paid shares

	30 August 2016						31 August 2015
		No.			£			No.			£
Ordinary shares of £1 each		3			3			3			3

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