Park Launderette Limited - Accounts to registrar (filleted) - small 18.2

Park Launderette Limited - Accounts to registrar (filleted) - small 18.2

PARK LAUNDERETTE LIMITED - Company Information

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REGISTERED NUMBER: 00590052 (England and Wales)














Unaudited Financial Statements

for the Year Ended 31 December 2017

for

PARK LAUNDERETTE LIMITED
PARK LAUNDERETTE LIMITED (REGISTERED NUMBER: 00590052)

Contents of the Financial Statements
for the year ended 31 December 2017










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


PARK LAUNDERETTE LIMITED

Company Information
for the year ended 31 December 2017







Directors: Mrs S A State
Mrs S J Lawrence
Mr M V Alderslade





Secretary: Mrs S J Lawrence





Registered office: Coopers House
65a Wingletye Lane
Hornchurch
Essex
RM11 3AT





Registered number: 00590052 (England and Wales)





Accountants: Haines Watts Essex LLP
Chartered Accountants
Coopers House
65a Wingletye Lane
Hornchurch
Essex
RM11 3AT
Page 1
PARK LAUNDERETTE LIMITED (REGISTERED NUMBER: 00590052)

Balance Sheet
31 December 2017

31.12.17 31.12.16
Notes £    £   
Current assets
Debtors 3 328,537 328,537
Cash in hand 31 31
328,568 328,568
Creditors
Amounts falling due within one year 4 32,652 32,652
Net current assets 295,916 295,916
Total assets less current liabilities 295,916 295,916

Capital and reserves
Called up share capital 500 500
Capital redemption reserve 2,000 2,000
Retained earnings 293,416 293,416
Shareholders' funds 295,916 295,916

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 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 Profit and Loss Account has not been delivered.

The financial statements were approved by the Board of Directors on 28 September 2018 and were signed on its behalf
by:





Mrs S J Lawrence - Director


The notes form part of these financial statements

Page 2
PARK LAUNDERETTE LIMITED (REGISTERED NUMBER: 00590052)

Notes to the Financial Statements
for the year ended 31 December 2017


1. Statutory information

Park Launderette 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.

This is the first year in which the financial statements have been prepared under FRS 102. Transition to FRS
102 has not resulted in any changes in accounting policies, amounts stated in the Statement of Comprehensive
Income or balances held in equity.

Key source of estimation, uncertainty and judgement
The preparation of financial statements in conformity with generally accepted accounting practice requires
management to make estimates and judgement that affect the reported amounts of assets and liabilities as well
as the disclosure of contingent assets and liabilities at the balance sheet date and the reported amounts of
revenues and expenses during the reporting period.

There is estimation uncertainty in calculating depreciation. A full line by line review of fixed assets is carried out
by management regularly. Whilst every attempt is made to ensure that the depreciation policy is as accurate as
possible, there remains a risk that the policy does not match the useful life of the assets.

There is estimation uncertainty in calculating deferred tax. A full line by line review of deferred tax is carried out
by management regularly. Whilst every attempt is made to ensure that the deferred tax is accurate as possible,
there remains a risk that the provisions do not match the actual tax liability when asset is disposed off.

There is estimation uncertainty in calculating bad debt provisions. A full line by line review of trade debtors is
carried out at the end of each month. Whilst every attempt is made to ensure that the bad debt provisions are
as accurate as possible, there remains a risk that the provisions do not match the level of debts which
ultimately prove to be uncollectable.

3. Debtors: amounts falling due within one year
31.12.17 31.12.16
£    £   
Other debtors 328,537 328,537

4. Creditors: amounts falling due within one year
31.12.17 31.12.16
£    £   
Other creditors 32,652 32,652

Page 3
PARK LAUNDERETTE LIMITED (REGISTERED NUMBER: 00590052)

Notes to the Financial Statements - continued
for the year ended 31 December 2017


5. Related party disclosures

Included in other debtors and other creditors due within one year are the following amounts in respect of related
companies:



Other debtors
High Town Launderette Ltd £4,390
H.V. Alderslade & Co. Ltd 237,298
Stapleford Launderette Ltd £7,702
Prioryheath Investments Ltd £548
Tollington Launderette Ltd £2,913
Launderette Maintenance (Hornsey) Ltd £74,907

Other creditors
Park Street Cleaning Centre Ltd £32,321
Ashton Road Launderette Ltd £331

Page 4