Parachute (London) Limited - Accounts to registrar (filleted) - small 18.2

Parachute (London) Limited - Accounts to registrar (filleted) - small 18.2

JEC ADIUVO UK LTD. - Company Information

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REGISTERED NUMBER: 06071892 (England and Wales)








Unaudited Financial Statements

for the Year Ended 31 March 2018

for

Parachute (London) Limited
Parachute (London) Limited (Registered number: 06071892)

Contents of the Financial Statements
for the Year Ended 31 March 2018










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Parachute (London) Limited

Company Information
for the Year Ended 31 March 2018







DIRECTORS: Mrs J M Stokes
C Stokes





REGISTERED OFFICE: LMW
Riverside View, Basing Road
Old Basing
Basingstoke
Hampshire
RG24 7AL





REGISTERED NUMBER: 06071892 (England and Wales)





ACCOUNTANTS: Lane Monnington Welton
Chartered Accountants
Riverside View
Basing Road
Old Basing
Basingstoke
Hampshire
RG24 7AL
1
Parachute (London) Limited (Registered number: 06071892)

Balance Sheet
31 March 2018

31.3.18 31.3.17
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 4,168 6,202

CURRENT ASSETS
Debtors 5 236,072 237,470
Cash at bank and in hand 170,440 42,875
406,512 280,345
CREDITORS
Amounts falling due within one year 6 183,167 111,212
NET CURRENT ASSETS 223,345 169,133
TOTAL ASSETS LESS CURRENT
LIABILITIES
227,513
175,335

PROVISIONS FOR LIABILITIES 7 792 -
NET ASSETS 226,721 175,335

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings 226,719 175,333
SHAREHOLDERS' FUNDS 226,721 175,335

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2018.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2018 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 notes form part of these financial statements

2
Parachute (London) Limited (Registered number: 06071892)

Balance Sheet - continued
31 March 2018


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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors on 3 October 2018 and were signed on its
behalf by:





C Stokes - Director


The notes form part of these financial statements

3
Parachute (London) Limited (Registered number: 06071892)

Notes to the Financial Statements
for the Year Ended 31 March 2018


1. STATUTORY INFORMATION

Parachute (London) 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.
Fixtures and fittings - 33% on cost

Investments in associates
Investments in associate undertakings are recognised at cost.

Financial instruments
Debtors and creditors payable/receivable within one year
Debtors and creditors with no stated interest rate and receivable or payable within one year are
recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss
account in other administrative expenses.

Loans and borrowings
Loans and borrowings are initially recognised at the transaction price, including transaction costs.
Subsequently they are measured at amortised cost using the effective interest rate method, less
impairment. If an arrangement constitutes a finance transaction it is measured at present value.

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.


4
Parachute (London) Limited (Registered number: 06071892)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2018


2. ACCOUNTING POLICIES - continued
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at
the balance sheet date, adjusted for indexation where applicable.

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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the
period of the lease.

Impairment
Assets not measured at fair value are reviewed for any indication that an asset may be impaired at
each balance sheet date. The directors review the carrying amount of the relevant assets and compare
them to their market values and recoverable amounts. Where the carrying amount exceeds this, an
impairment loss is recognised in profit or loss, unless the asset is carried at a revalued amount, where
the impairment loss is a revaluation decrease.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2017 - 2 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
and
fittings
£   
COST
At 1 April 2017 35,578
Additions 4,991
Disposals (29,138 )
At 31 March 2018 11,431
DEPRECIATION
At 1 April 2017 29,376
Charge for year 3,812
Eliminated on disposal (25,925 )
At 31 March 2018 7,263
NET BOOK VALUE
At 31 March 2018 4,168
At 31 March 2017 6,202

5
Parachute (London) Limited (Registered number: 06071892)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2018


5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.18 31.3.17
£    £   
Trade debtors 210,768 219,168
Other debtors 25,304 18,302
236,072 237,470

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.18 31.3.17
£    £   
Trade creditors 21,798 32,701
Taxation and social security 158,301 75,177
Other creditors 3,068 3,334
183,167 111,212

7. PROVISIONS FOR LIABILITIES
31.3.18 31.3.17
£    £   
Deferred tax 792 -

Deferred
tax
£   
Accelerated capital allowances 792
Balance at 31 March 2018 792

6