Parker Wood Associates Limited - Accounts to registrar (filleted) - small 18.2

Parker Wood Associates Limited - Accounts to registrar (filleted) - small 18.2

PARKER WOOD ASSOCIATES LIMITED - Company Information

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REGISTERED NUMBER: 07562579 (England and Wales)









Financial Statements

for the Year Ended 31 March 2018

for

Parker Wood Associates Limited
Parker Wood Associates Limited (Registered number: 07562579)






Contents of the Financial Statements
for the Year Ended 31 March 2018




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Parker Wood Associates Limited

Company Information
for the Year Ended 31 March 2018







DIRECTOR: P B Shah





REGISTERED OFFICE: 28 Church Road
Stanmore
Middlesex
HA7 4XR





REGISTERED NUMBER: 07562579 (England and Wales)





ACCOUNTANTS: Parker Cavendish
Chartered Accountants
28 Church Road
Stanmore
Middlesex
HA7 4XR
1
Parker Wood Associates Limited (Registered number: 07562579)

Balance Sheet
31 March 2018

2018 2017
Notes £    £   
CURRENT ASSETS
Stocks - 25,120
Debtors 4 - 10,950
Cash at bank 188,102 203,342
188,102 239,412
CREDITORS
Amounts falling due within one year 5 (35,830 ) (16,188 )
NET CURRENT ASSETS 152,272 223,224
TOTAL ASSETS LESS CURRENT
LIABILITIES
152,272
223,224

CAPITAL AND RESERVES
Called up share capital 32 100
Retained earnings 152,240 223,124
SHAREHOLDERS' FUNDS 152,272 223,224

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2018.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2018 in accordance with Section 476 of the Companies Act 2006.

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.

The financial statements have been prepared and delivered in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

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 on 11 December 2018 and were signed by:





P B Shah - Director


The notes form part of these financial statements

2
Parker Wood Associates Limited (Registered number: 07562579)

Notes to the Financial Statements
for the Year Ended 31 March 2018

1. STATUTORY INFORMATION

Parker Wood Associates Limited is a private company, limited by shares , registered in England and
Wales. The company's registered number and registered office address can be found on the Company
Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover represents the provision of professional services, net of value added tax.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2011, is being amortised evenly over its estimated useful life of five years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured
at cost less any accumulated amortisation and any accumulated impairment losses.

Stocks
Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling
costs in bringing stocks to their present location and condition.

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.

3 continued...
Parker Wood Associates Limited (Registered number: 07562579)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2018

3. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 April 2017
and 31 March 2018 89,249
AMORTISATION
At 1 April 2017
and 31 March 2018 89,249
NET BOOK VALUE
At 31 March 2018 -
At 31 March 2017 -

4. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2018 2017
£    £   
Trade debtors - 10,950

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2018 2017
£    £   
Taxation and social security 10,586 16,188
Other creditors 25,244 -
35,830 16,188

4