L Parker & Company Limited - Limited company - abbreviated - 11.6

L PARKER & COMPANY LIMITED

ABBREVIATED UNAUDITED ACCOUNTS

FOR THE YEAR ENDED 31 DECEMBER 2014

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTOR:

Mrs L A Parker

SECRETARY:

Ms J M Jones

REGISTERED OFFICE:

Trevor Hall

Trevor Hall Road

Llangollen

LL20 7UP

REGISTERED NUMBER:

03135105 (England and Wales)

ACCOUNTANTS:

Wilkinson and Partners

Chartered Accountants

Fairfax House

6a Mill Field Road

Cottingley Business Park

Bradford

West Yorkshire

BD16 1PY

FIXED ASSETS

Tangible assets

2

2,530,052

2,536,852

CURRENT ASSETS

Stocks

142,000

125,200

Debtors

47,159

43,372

Cash at bank and in hand

12,011

12,097

201,170

180,669

CREDITORS

Amounts falling due within one year

1,588,812

1,591,301

NET CURRENT LIABILITIES

(1,387,642

)

(1,410,632

)

TOTAL ASSETS LESS CURRENT LIABILITIES

1,142,410

1,126,220

PROVISIONS FOR LIABILITIES

5,068

4,685

NET ASSETS

1,137,342

1,121,535

CAPITAL AND RESERVES

Called up share capital

3

100

100

Profit and loss account

1,137,242

1,121,435

SHAREHOLDERS' FUNDS

1,137,342

1,121,535

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 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 10 September 2015 and were signed by:

Mrs L A Parker - 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 net invoiced sales of goods, excluding 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

-

25% on reducing balance

Fixtures and fittings

-

25% on reducing balance

Motor vehicles

-

25% on reducing balance

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow

moving items.

Deferred tax

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

sheet date.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 January 2014

2,857,341

Additions

14,776

At 31 December 2014

2,872,117

DEPRECIATION

At 1 January 2014

320,489

Charge for year

21,576

At 31 December 2014

342,065

NET BOOK VALUE

At 31 December 2014

2,530,052

At 31 December 2013

2,536,852

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.12.14

31.12.13

value:

£

£

100

Ordinary

1

100

100