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"PARKS" ICECREAM FRANCHISE LIMITED - Company Information

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Parks Icecream Franchise Limited

Registered Number:06991687

For the year ended 31 August 2017

England and Wales

Unaudited Financial Statements

For the year ended 31 August 2017

Parks Icecream Franchise Limited

Contents Page

Statement of Financial Position

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Notes to the Financial Statements

As at 31 August 2017

Parks Icecream Franchise Limited

Statement of Financial Position

Registered Number :

06991687

2016

2017

Notes

Fixed assets

Property, plant and equipment

154

205

154

205

Current assets

Inventories

1,500

Trade and other receivables

630

28,922

Cash and cash equivalents

35,654

37,784

31,052

Trade and other payables: amounts falling due within one

year

(28,340)

(37,553)

2,712

231

Net current assets

Total assets less current liabilities

385

2,917

385

Net assets

2,917

Capital and reserves

Called up share capital

Retained earnings

382

2,914

385

2,917

Shareholders' funds

For the year ended 31 August 2017 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 of its financial statements for the year ended 31 August 2017 in accordance with Section 476 of the Companies Act 2006

The directors acknowledge their responsibilities for:a) ensuring that the company keeps proper 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 Section

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.

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

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.

F P Gallagher Director

These financial statements were approved and authorised for issue by the Board on 09 January 2018 and were signed by:

The notes form part of these financial statements

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For the year ended 31 August 2017

Parks Icecream Franchise Limited

Notes to the Financial Statements

Statutory Information

Parks Icecream Franchise Limited is a private limited company, limited by shares, domiciled in England and Wales,

registration number 06991687.

Registered address:

83 Orchard Avenue

Blackpool

FY4 2NY

The presentation currency is £ sterling.

1. Accounting policies

Basis of preparing the financial statements

These financial statements have been prepared in accordance with the provisions of FRS102 Section 1A small

entities.These financial statements for the yesr ending 31 August 2017 are the first financial statements that comply

with FRS102 Section 1A small entities. there were no material departures from that standard.

The financial statements have been prepared under the historical cost convention.

Revenue recognition

Inome represents the retail value of sales of the company during the financial period..

Property, plant and equipment

Property, plant and equipment are stated at cost less depreciation.Depreciation is provided at rates appropriate to write of the cost of the assets on a reducing balance basis over thei estimated usesful lives as follows:Plant and fixtures 25% per annum

2. Property, plant and equipment

Fixtures and

fittings

Cost or

valuation

At 01 September 2016

650

At 31 August 2017

650

Provision for depreciation and impairment

At 01 September 2016

445

Charge for year

At 31 August 2017

496

At 31 August 2017

Net book value

154

At 31 August 2016

205

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For the year ended 31 August 2017

Parks Icecream Franchise Limited

Notes to the Financial Statements Continued

3. Inventories

2016

2017

Stocks

1,500

4. Trade and other receivables

2016

2017

Other debtors

630

5. Trade and other payables: amounts falling due within one year

2016

2017

Trade creditors

5,517

5,369

Taxation and social security

3,075

2,705

Other creditors

28,961

20,266

37,553

28,340

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