Parke Morrison Construction Limited - Accounts to registrar (filleted) - small 18.2
Parke Morrison Construction Limited - Accounts to registrar (filleted) - small 18.2
| REGISTERED NUMBER: |
| PARKE MORRISON CONSTRUCTION LIMITED |
| FINANCIAL STATEMENTS |
| FOR THE YEAR ENDED 30TH JUNE 2021 |
| PARKE MORRISON CONSTRUCTION LIMITED (REGISTERED NUMBER: 02785695) |
| CONTENTS OF THE FINANCIAL STATEMENTS |
| FOR THE YEAR ENDED 30TH JUNE 2021 |
| Page |
| Company Information | 1 |
| Balance Sheet | 2 |
| Notes to the Financial Statements | 4 |
| PARKE MORRISON CONSTRUCTION LIMITED |
| COMPANY INFORMATION |
| FOR THE YEAR ENDED 30TH JUNE 2021 |
| DIRECTOR: |
| REGISTERED OFFICE: |
| REGISTERED NUMBER: |
| ACCOUNTANTS: |
| t/as Findlay Wetherfield Scott & Co |
| Chartered Accountants |
| 137, Station Road, |
| Chingford, |
| London |
| E4 6AG |
| BANKERS: |
| 54 Clarence Street, |
| Kingston Upon Thames |
| Surrey |
| KT1 1NS |
| PARKE MORRISON CONSTRUCTION LIMITED (REGISTERED NUMBER: 02785695) |
| BALANCE SHEET |
| 30TH JUNE 2021 |
| 2021 | 2020 |
| Notes | £ | £ | £ | £ |
| FIXED ASSETS |
| Tangible assets | 4 |
| CURRENT ASSETS |
| Stocks |
| Debtors | 5 |
| Cash at bank and in hand |
| CREDITORS |
| Amounts falling due within one year | 6 |
| NET CURRENT ASSETS |
| TOTAL ASSETS LESS CURRENT LIABILITIES |
| CREDITORS |
| Amounts falling due after more than one year | 7 | ( |
) | ( |
) |
| PROVISIONS FOR LIABILITIES | ( |
) | ( |
) |
| NET ASSETS |
| CAPITAL AND RESERVES |
| Called up share capital | 8 |
| Retained earnings | ( |
) |
| SHAREHOLDERS' FUNDS |
| The director acknowledges his 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. |
| PARKE MORRISON CONSTRUCTION LIMITED (REGISTERED NUMBER: 02785695) |
| BALANCE SHEET - continued |
| 30TH JUNE 2021 |
| In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered. |
| The financial statements were approved by the director and authorised for issue on |
| PARKE MORRISON CONSTRUCTION LIMITED (REGISTERED NUMBER: 02785695) |
| NOTES TO THE FINANCIAL STATEMENTS |
| FOR THE YEAR ENDED 30TH JUNE 2021 |
| 1. | STATUTORY INFORMATION |
| Parke Morrison Construction Limited is a |
| 2. | ACCOUNTING POLICIES |
| Basis of preparing the financial statements |
| 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 |
| Short leasehold | - |
| Plant and machinery | - |
| Fixtures and fittings | - |
| Motor vehicles | - |
| Computer equipment | - |
| Stocks |
| Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items. |
| 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. |
| Deferred tax |
| Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date. |
| 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. |
| Pension costs and other post-retirement benefits |
| The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate. |
| 3. | EMPLOYEES AND DIRECTORS |
| The average number of employees during the year was |
| PARKE MORRISON CONSTRUCTION LIMITED (REGISTERED NUMBER: 02785695) |
| NOTES TO THE FINANCIAL STATEMENTS - continued |
| FOR THE YEAR ENDED 30TH JUNE 2021 |
| 4. | TANGIBLE FIXED ASSETS |
| Fixtures |
| Short | Plant and | and |
| leasehold | machinery | fittings |
| £ | £ | £ |
| Cost |
| At 1st July 2020 |
| and 30th June 2021 |
| Depreciation |
| At 1st July 2020 |
| Charge for year |
| At 30th June 2021 |
| Net book value |
| At 30th June 2021 |
| At 30th June 2020 |
| Motor | Computer |
| vehicles | equipment | Totals |
| £ | £ | £ |
| Cost |
| At 1st July 2020 |
| and 30th June 2021 |
| Depreciation |
| At 1st July 2020 |
| Charge for year |
| At 30th June 2021 |
| Net book value |
| At 30th June 2021 |
| At 30th June 2020 |
| 5. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 2021 | 2020 |
| £ | £ |
| Trade debtors |
| Other debtors |
| 6. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 2021 | 2020 |
| £ | £ |
| Bank loans and overdrafts |
| Trade creditors |
| Taxation and social security |
| Other creditors |
| PARKE MORRISON CONSTRUCTION LIMITED (REGISTERED NUMBER: 02785695) |
| NOTES TO THE FINANCIAL STATEMENTS - continued |
| FOR THE YEAR ENDED 30TH JUNE 2021 |
| 7. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |
| 2021 | 2020 |
| £ | £ |
| Bank loans |
| Amounts falling due in more than five years: |
| Repayable by instalments |
| Bank loans more 5 yr by instal | - | 27,500 |
| 8. | CALLED UP SHARE CAPITAL |
| Allotted and issued: |
| Number: | Class: | Nominal | 2021 | 2020 |
| value: | £ | £ |
| Share capital | £1 | 50,002 | 50,002 |
| Of the issued capital, 49,998 have been issued nil paid. |
| 9. | DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES |
| J.Donaghy is a director of and shareholder in other companies. Transactions at normal commercial rates with these companies were: |
| P M Electrical Limited: |
| Sales of goods and services £71,793. |
| Owed from (to) at the balance sheet date £(110,194) |
| PM Exhibitions Limited: |
| Sales of goods and services £66,137 |
| Owed from (to) at the balance sheet date £(62,946) |
| The property from which the company trades is owned by the director. Rent was paid to the director in the year of £16,000 |
| The amount owed to (by) the director at the balance sheet date was £6,524. |
| 10. | ULTIMATE CONTROLLING PARTY |
| The controlling party is J. Donaghy. |