Parkit Management Limited - Limited company - abbreviated - 11.6

REGISTERED NUMBER: 08051637 (England and Wales)

Abbreviated Unaudited Accounts

for the Period 1 May 2013 to 31 October 2014

for

Parkit Management Limited

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

DIRECTOR:

Miss A S Young

REGISTERED OFFICE:

9 The Alders

Riplingham Fields

Gainsborough

Lincolnshire

DN21 1WJ

REGISTERED NUMBER:

08051637 (England and Wales)

ACCOUNTANTS:

ABC Accounting Services

Flexadux House

Grange Road

Corringham Rd. Ind. Est.

Gainsborough

Lincolnshire

DN21 1QB

FIXED ASSETS

Tangible assets

2

3,788

CURRENT ASSETS

Debtors

500

Cash at bank

4,346

4,846

CREDITORS

Amounts falling due within one year

8,501

NET CURRENT LIABILITIES

(3,655

)

TOTAL ASSETS LESS CURRENT LIABILITIES

133

PROVISIONS FOR LIABILITIES

416

NET LIABILITIES

(283

)

CAPITAL AND RESERVES

Called up share capital

3

2

Profit and loss account

(285

)

SHAREHOLDERS' FUNDS

(283

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 31 October 2014.

The members have not required the company to obtain an audit of its financial statements for the period ended 31 October 2014 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her 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 abbreviated accounts have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.

The financial statements were approved by the director on 21 January 2015 and were signed by:

Miss A S Young - Director

1.	ACCOUNTING POLICIES

Accounting convention

The financial statements have been prepared under the historical cost convention and in accordance with the

Financial Reporting Standard for Smaller Entities (effective April 2008).

Turnover

Turnover represents cash received from car parking fees, stated net of value added tax.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery

-

20% on reducing balance

Computer equipment

-

25% on reducing balance

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance

sheet date.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to the profit and loss account on a straight line basis over the

period of the lease.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

Additions

4,860

At 31 October 2014

4,860

DEPRECIATION

Charge for period

1,072

At 31 October 2014

1,072

NET BOOK VALUE

At 31 October 2014

3,788

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

value:

£

2

Ordinary

£1

2

2 Ordinary shares of £1 each were allotted and fully paid for cash at par during the period.