Parktron Limited - Abbreviated accounts 16.3

REGISTERED NUMBER: 04503272 (England and Wales)

Abbreviated Accounts for the Year Ended 31 August 2016

for

Parktron Limited

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTOR:

Mrs N V Patel

SECRETARY:

K A Patel

REGISTERED OFFICE:

5 Tenterden Drive

Hendon

London

NW4 1EA

REGISTERED NUMBER:

04503272 (England and Wales)

ACCOUNTANTS:

M N Limited

Suite 109 Raydean House

15 Western Parade

Barnet

Hertfordshire

EN5 1AH

FIXED ASSETS

Tangible assets

2

556,231

205,746

CURRENT ASSETS

Debtors

-

1,342

Cash at bank

9,150

2,643

9,150

3,985

CREDITORS

Amounts falling due within one year

3

43,483

23,433

NET CURRENT LIABILITIES

(34,333

)

(19,448

)

TOTAL ASSETS LESS CURRENT
LIABILITIES

521,898

186,298

CREDITORS

Amounts falling due after more than one
year

3

470,387

131,324

NET ASSETS

51,511

54,974

CAPITAL AND RESERVES

Called up share capital

4

2

Profit and loss account

51,509

54,972

SHAREHOLDERS' FUNDS

51,511

54,974

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 August 2016.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 2016 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 24 May 2017 and were signed by:

Mrs N V Patel - 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 January 2015).

Turnover

Turnover represents net invoiced sales of services, excluding value added tax.

Turnover represents rents receivable and for any other services provided.

Tangible fixed assets

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

Freehold property is not depreciated as they are maintained to current standards.

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 September 2015

205,746

Additions

350,485

At 31 August 2016

556,231

NET BOOK VALUE

At 31 August 2016

556,231

At 31 August 2015

205,746

3.

CREDITORS

Creditors include an amount of £ 219,556 (31.8.15 - £ 53,391 ) for which security has been given.

4.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.8.16

31.8.15

value:

£

2

Ordinary

£1

2