PARCAR LIMITED

PARCAR LIMITED

PARCAR LIMITED - Company Information

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PARCAR LIMITED

Company Registration Number:
05588871 (England and Wales)

Unaudited abridged accounts for the year ended 30 September 2017

Period of accounts

Start date: 01 October 2016

End date: 30 September 2017

PARCAR LIMITED

Contents of the Financial Statements

for the Period Ended 30 September 2017

Balance sheet
Notes

PARCAR LIMITED

Balance sheet

As at 30 September 2017


Notes
2017
2016


£
£
Fixed assets
Tangible assets: 2 5,695 11,264
Total fixed assets: 5,695 11,264
Current assets
Stocks: 56 56
Debtors: 3 796,466 824,605
Cash at bank and in hand: 38,303 62,359
Total current assets: 834,825 887,020
Creditors: amounts falling due within one year: 4 (541,938) (559,137)
Net current assets (liabilities): 292,887 327,883
Total assets less current liabilities: 298,582 339,147
Total net assets (liabilities): 298,582 339,147
Capital and reserves
Called up share capital: 3 3
Profit and loss account: 298,579 339,144
Shareholders funds: 298,582 339,147

The notes form part of these financial statements

PARCAR LIMITED

Balance sheet statements

For the year ending 30 September 2017 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.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A).

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The directors have chosen to not file a copy of the company’s profit & loss account.

This report was approved by the board of directors on 12 January 2018
and signed on behalf of the board by:

Name: Mr S. Parker
Status: Director

The notes form part of these financial statements

PARCAR LIMITED

Notes to the Financial Statements

for the Period Ended 30 September 2017

1. Accounting policies

These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

Turnover policy

Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.

Tangible fixed assets and depreciation policy

Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:Plant & Machinery - over 5 yearsFixtures and fittings - over 5 years

PARCAR LIMITED

Notes to the Financial Statements

for the Period Ended 30 September 2017

2. Tangible Assets

Total
Cost £
At 01 October 2016 110,539
Additions 1,014
Disposals (9,825)
At 30 September 2017 101,728
Depreciation
At 01 October 2016 99,275
Charge for year 7,822
On disposals (11,064)
At 30 September 2017 96,033
Net book value
At 30 September 2017 5,695
At 30 September 2016 11,264

PARCAR LIMITED

Notes to the Financial Statements

for the Period Ended 30 September 2017

3. Debtors

2017 2016
££
Debtors due after more than one year: 0 0

PARCAR LIMITED

Notes to the Financial Statements

for the Period Ended 30 September 2017

4. Creditors: amounts falling due within one year note

Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.