REGISTERED NUMBER: 04376453 (England and Wales)

Unaudited Financial Statements for the Year Ended 30 June 2018

for

A & D Parkinson Ltd

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Miss L E Cooper

Mr MJ Marriott

REGISTERED OFFICE:

Almera

The Square

Great Eccleston

Lancashire

PR3 0ZB

REGISTERED NUMBER:

04376453 (England and Wales)

ACCOUNTANTS:

CCW Limited

Chartered Accountants

295/297 Church Street

Blackpool

Lancashire

FY1 3PJ

FIXED ASSETS

Tangible assets

4

8,587

6,588

CURRENT ASSETS

Stocks

2,800

2,800

Debtors

5

12,791

13,526

Cash at bank and in hand

1,676

1,427

17,267

17,753

CREDITORS

Amounts falling due within one year

6

22,071

21,988

NET CURRENT LIABILITIES

(4,804

)

(4,235

)

TOTAL ASSETS LESS CURRENT LIABILITIES

3,783

2,353

PROVISIONS FOR LIABILITIES

1,164

1,251

NET ASSETS

2,619

1,102

CAPITAL AND RESERVES

Called up share capital

1,000

1,000

Retained earnings

7

1,619

102

SHAREHOLDERS' FUNDS

2,619

1,102

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2018.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 2018 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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 Board of Directors on 19 February 2019 and were signed on its behalf by:

Miss L E Cooper - Director

1.	STATUTORY INFORMATION

A & D Parkinson Ltd 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 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

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

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 7 (2017 - 7 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

and

Motor

fittings

vehicles

Totals

£

£

£

COST

At 1 July 2017

20,989

-

20,989

Additions

175

3,000

3,175

At 30 June 2018

21,164

3,000

24,164

DEPRECIATION

At 1 July 2017

14,401

-

14,401

Charge for year

988

188

1,176

At 30 June 2018

15,389

188

15,577

NET BOOK VALUE

At 30 June 2018

5,775

2,812

8,587

At 30 June 2017

6,588

-

6,588

5.

DEBTORS

30.6.18

30.6.17

£

£

Amounts falling due within one year:

Trade debtors

879

1,358

Other debtors

347

855

Directors' loan accounts

8,514

8,538

Tax

-

2,775

Prepayments

276

-

10,016

13,526

Amounts falling due after more than one year:

Tax

2,775

-

Aggregate amounts

12,791

13,526

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.6.18

30.6.17

£

£

Bank loans and overdrafts

1,241

-

Trade creditors

10,972

11,656

Tax

7,708

7,620

Social security and other taxes

222

199

Accrued expenses

1,928

2,513

22,071

21,988

7.

RESERVES

Retained

earnings

£

At 1 July 2017

102

Profit for the year

13,617

Dividends

(12,100

)

At 30 June 2018

1,619

8.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 30 June 2018 and 30 June 2017:

30.6.18

30.6.17

£

£

Miss L E Cooper

Balance outstanding at start of year

8,538

-

Amounts advanced

21,746

36,043

Amounts repaid

(21,770

)

(27,505

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

8,514

8,538