Abbreviated Company Accounts - PARKRING LIMITED

02864814 PARKRING LIMITED 2016-10-31 false 2015-11-01 2016-10-31 true 02864814 2015-11-01 2016-10-31 02864814 2016-10-31 02864814 2015-10-31 02864814 uk-gaap-cd-bus:Director1 2015-11-01 2016-10-31 02864814 uk-gaap-cd-bus:Director2 2015-11-01 2016-10-31 uk-gaap-cd-bus:OrdinaryShareClass1 2015-11-01 2016-10-31 uk-gaap-cd-bus:OrdinaryShareClass1 2016-10-31 uk-gaap-cd-bus:OrdinaryShareClass1 2015-10-31 iso4217:GBP shares

Registered Number 02864814

PARKRING LIMITED

Abbreviated Accounts

31 October 2016

PARKRING LIMITED Registered Number 02864814

Abbreviated Balance Sheet as at 31 October 2016

	Notes	2016	2015
		£	£
Current assets
Stocks		-	50,065
Cash at bank and in hand		110	110
		110	50,175
Creditors: amounts falling due within one year		(572,233)	(631,231)
Net current assets (liabilities)		(572,123)	(581,056)
Total assets less current liabilities		(572,123)	(581,056)
Total net assets (liabilities)		(572,123)	(581,056)
Capital and reserves
Called up share capital	2	2	2
Profit and loss account		(572,125)	(581,058)
Shareholders' funds		(572,123)	(581,056)

For the year ending 31 October 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 9 February 2018

And signed on their behalf by:
JOSEPH LIPSCHITZ, Director

PARKRING LIMITED Registered Number 02864814

Notes to the Abbreviated Accounts for the period ended 31 October 2016

1Accounting Policies

Basis of measurement and preparation of accounts
The financial statements have been prepared under the historical cost convention, and in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015).

Turnover policy
The turnover shown in the profit and loss account represents amounts invoiced during the year.

Other accounting policies
Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Financial instruments

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the entity after deducting all of its financial liabilities.

Where the contractual obligations of financial instruments (including share capital) are equivalent to a similar debt instrument, those financial instruments are classed as financial liabilities. Financial liabilities are presented as such in the balance sheet. Finance costs and gains or losses relating to financial liabilities are included in the profit and loss account. Finance costs are calculated so as to produce a constant rate of return on the outstanding liability.

Where the contractual terms of share capital do not have any terms meeting the definition of a financial liability then this is classed as an equity instrument. Dividends and distributions relating to equity instruments are debited direct to equity.

2Called Up Share Capital
Allotted, called up and fully paid:

	2016 £	2015 £
2 Ordinary shares of £1 each	2	2