Parkbourn Limited - Accounts to registrar (filleted)

REGISTERED NUMBER: 08895064 (England and Wales)

Unaudited Financial Statements

for the Year Ended 31 March 2017

for

Parkbourn Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

M J Parker

Mrs E S Parker

C R Welbourn

Mrs C Welbourn

REGISTERED OFFICE:

14a Albany Road

Weymouth

Dorset

DT4 9TH

REGISTERED NUMBER:

08895064 (England and Wales)

ACCOUNTANTS:

Advoco

Chartered Certified Accountants

Chartered Tax Advisers

14a Albany Road

Weymouth

Dorset

DT4 9TH

FIXED ASSETS

Tangible assets

3

6,328

8,437

CURRENT ASSETS

Cash at bank and in hand

215,237

260,129

CREDITORS

Amounts falling due within one
year

4

24,728

24,578

NET CURRENT ASSETS

190,509

235,551

TOTAL ASSETS LESS CURRENT
LIABILITIES

196,837

243,988

CREDITORS

Amounts falling due after more
than one year

5

190,500

235,500

NET ASSETS

6,337

8,488

CAPITAL AND RESERVES

Called up share capital

100

Retained earnings

6,237

8,388

SHAREHOLDERS' FUNDS

6,337

8,488

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2017.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2017 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state
of affairs of the company as at the end of each financial year and of its
profit or loss for each financial year in accordance with the requirements
of Sections 394 and 395 and which otherwise comply with the requirements of
the Companies Act 2006 relating to financial statements, so far as
applicable to the company.

The financial statements have been prepared and delivered in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors on
21 December 2017 and were signed on its behalf by:

M J Parker - Director

C R Welbourn - Director

Mrs E S Parker - Director

Mrs C Welbourn - Director

1.	STATUTORY INFORMATION

Parkbourn Limited is a private company, limited by shares , registered in

England and Wales. The company's registered number and registered office

address can be found on the Company Information page.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover

Turnover is measured at the fair value of the consideration received or

receivable, excluding discounts, rebates, value added tax and other sales

taxes.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery

-

25% on reducing balance

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised

in the Income Statement, except to the extent that it relates to items

recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates

and laws that have been enacted or substantively enacted by the balance

sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have

originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax

assessments in periods different from those in which they are recognised in

financial statements. Deferred tax is measured using tax rates and laws

that have been enacted or substantively enacted by the year end and that

are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to

the extent that it is probable that they will be recovered against the

reversal of deferred tax liabilities or other future taxable profits.

3.	TANGIBLE FIXED ASSETS

Plant and

machinery

£

COST

At 1 April 2016

and 31 March 2017

15,000

DEPRECIATION

At 1 April 2016

6,563

Charge for year

2,109

At 31 March 2017

8,672

NET BOOK VALUE

At 31 March 2017

6,328

At 31 March 2016

8,437

4.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2017

2016

£

Trade creditors

2,400

2,250

Directors' current accounts

20,858

Accrued expenses

1,470