Parklands Day Centre Limited Filleted accounts for Companies House (small and micro)
Parklands Day Centre Limited Filleted accounts for Companies House (small and micro)
COMPANY REGISTRATION NUMBER:
05281123
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Company Limited by Guarantee |
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Company Limited by Guarantee |
Abridged Financial Statements |
Year ended 29 February 2020
Contents |
Page |
Abridged statement of financial position |
1 |
Notes to the abridged financial statements |
3 |
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Company Limited by Guarantee |
Abridged Statement of Financial Position |
2020 |
2019 |
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Note |
£ |
£ |
£ |
Fixed assets
Tangible assets |
6 |
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Current assets
Cash at bank and in hand |
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Creditors: amounts falling due within one year |
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--------- |
--------- |
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Net current liabilities |
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--------- |
--------- |
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Total assets less current liabilities |
(
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(
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--------- |
--------- |
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Net liabilities |
(
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(
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--------- |
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Capital and reserves
Profit and loss account |
(
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(
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--------- |
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Members deficit |
(
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(
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--------- |
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In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.
Director's responsibilities:
-
The members have not required the company to obtain an audit of its abridged financial statements for the year in question in accordance with section 476
;
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The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of abridged financial statements
.
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Company Limited by Guarantee |
Abridged Statement of Financial Position (continued) |
These abridged financial statements were approved by the
board of directors
and authorised for issue on
26 February 2021
, and are signed on behalf of the board by:
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Director |
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Company registration number:
05281123
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Company Limited by Guarantee |
Notes to the Abridged Financial Statements |
Year ended 29 February 2020
1.
General information
The company is a private company limited by guarantee, registered in England and Wales. The address of the registered office is Stanhope Street, Long Eaton, Nottingham, NG10 4QE.
2.
Statement of compliance
3.
Accounting policies
Basis of preparation
Revenue recognition
Tangible assets
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Motor vehicles |
- |
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Impairment of fixed assets
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. For the purposes of impairment testing, when it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that largely independent of the cash inflows from other assets or groups of assets. For impairment testing of goodwill, the goodwill acquired in a business combination is, from the acquisition date, allocated to each of the cash-generating units that are expected to benefit from the synergies of the combination, irrespective of whether other assets or liabilities of the company are assigned to those units.
Financial instruments
Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as either financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.
Defined contribution plans
4.
Company limited by guarantee
The company is limited by guarantee and does not have any share capital.
In the event of the company being wound up the Member of the Council undertakes to contribute a sum not exceeding £1 to its assets for payment of any outstanding debts and liabilities.
5.
Employee numbers
The average number of persons employed by the company during the year amounted to Nil
(2019:
6
).
6.
Tangible assets
£ |
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Cost |
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At 1 March 2019 and 29 February 2020 |
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-------- |
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Depreciation |
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At 1 March 2019 and 29 February 2020 |
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-------- |
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Carrying amount |
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At 29 February 2020 |
7,500 |
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At 28 February 2019 |
7,500 |
-------- |
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7.
Directors's responsibilities statement
The directors are responsible for preparing the Strategic Report, Directors’ Report and the financial statements in accordance with applicable law and regulations. Company law requires the directors to prepare financial statements for each financial year. Under that law the directors have elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law). Under company law the directors must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the group and the company and of the profit or loss of the group for that period.
In preparing those financial statements, the directors are required to:
- select suitable accounting policies and then apply them consistently;
- make judgements and estimates that are reasonable and prudent; and
- state whether applicable UK Accounting Standards have been followed, subject to any material departures disclosed and explained in the financial statements; and
The directors are responsible for keeping adequate accounting records that are sufficient to show and explain the group’s and the company’s transactions and disclose with reasonable accuracy at any time the financial position of the group and company and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the group and company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
8.
Director's advances, credits and guarantees
The directors loan account was in credit at the year end so no disclosure is required.
9.
Related party transactions
The company was under the control of the Directors throughout the current and previous year. No transactions with related parties were undertaken such as are required to be disclosed under Financial Reporting Standard 8.