Relate AccountsProduction v2.1.19 v2.1.19 2017-03-01 The company was not dormant during the period The company was trading for the entire period Unaudited Accounts The principal activity of the company is that of consultancy services. 13 September 2018 0 0 04676181 2018-02-28 04676181 2017-02-28 04676181 2016-02-29 04676181 2017-03-01 2018-02-28 04676181 2016-03-01 2017-02-28 04676181 uk-bus:PrivateLimitedCompanyLtd 2017-03-01 2018-02-28 04676181 uk-bus:AbridgedAccounts 2017-03-01 2018-02-28 04676181 uk-core:ShareCapital 2018-02-28 04676181 uk-core:ShareCapital 2017-02-28 04676181 uk-core:RetainedEarningsAccumulatedLosses 2018-02-28 04676181 uk-core:RetainedEarningsAccumulatedLosses 2017-02-28 04676181 uk-core:TotalEquityAttributableToOwnersParentBeforeNon-controllingInterests 2018-02-28 04676181 uk-core:TotalEquityAttributableToOwnersParentBeforeNon-controllingInterests 2017-02-28 04676181 uk-bus:FRS102 2017-03-01 2018-02-28 04676181 uk-core:FurnitureFittingsToolsEquipment 2017-03-01 2018-02-28 04676181 2017-03-01 2018-02-28 04676181 uk-bus:Director1 2017-03-01 2018-02-28 04676181 uk-bus:AuditExempt-NoAccountantsReport 2017-03-01 2018-02-28 xbrli:pure iso4217:GBP xbrli:shares
Company Number: 04676181
 
 
Packrat Limited
 
Unaudited Abridged Financial Statements
 
for the year ended 28 February 2018
Packrat Limited
Company Number: 04676181
ABRIDGED BALANCE SHEET
as at 28 February 2018

2018 2017
Notes £ £
 
Fixed Assets
Tangible assets 4 3 3
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Current Assets
Cash and cash equivalents 51,462 52,148
Creditors: Amounts falling due within one year (17,093) (23,838)
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Net Current Assets 34,369 28,310
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Total Assets less Current Liabilities 34,372 28,313
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Capital and Reserves
Called up share capital 2 2
Profit and Loss Account 34,370 28,311
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Equity attributable to owners of the company 34,372 28,313
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The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A (Small Entities).
           
All of the members have consented to the preparation of abridged accounts in accordance with section 444(2A) of the Companies Act 2006.
           
The company has taken advantage of the exemption under section 444 not to file the Abridged Profit and Loss Account and Directors' Report.
           
For the financial year ended 28 February 2018 the company was entitled to exemption from audit under section 477 of the Companies Act 2006.
           
The directors confirm that the members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 of the Companies Act 2006.
           
The directors acknowledge their responsibilities for ensuring that the company keeps accounting records which comply with section 386 and for preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of the financial year and of its profit and loss for the 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.
           
Approved by the Board and authorised for issue on 13 September 2018 and signed on its behalf by
           
           
________________________________          
Mr A Dobson          
Director          



Packrat Limited
NOTES TO THE ABRIDGED FINANCIAL STATEMENTS
for the year ended 28 February 2018

   
1. GENERAL INFORMATION
 
Packrat Limited is a company limited by shares incorporated in United Kingdom.
         
2. ACCOUNTING POLICIES
 
The following accounting policies have been applied consistently in dealing with items which are considered material in relation to the company’s financial statements.
 
Statement of compliance
The financial statements of the company for the year ended 28 February 2018 have been prepared in accordance with the provisions of FRS 102 Section 1A (Small Entities) and the Companies Act 2006.
 
Basis of preparation
The financial statements have been prepared under the historical cost convention except for certain properties and financial instruments that are measured at revalued amounts or fair values, as explained in the accounting policies below. Historical cost is generally based on the fair value of the consideration given in exchange for assets. The following accounting policies have been applied consistently in dealing with items which are considered material in relation to the company's financial statements.
 
Cash flow statement
The company has availed of the exemption in FRS 102 Section 1A from the requirement to prepare a Cash Flow Statement because it is classified as a small company.
 
Turnover
Turnover comprises the invoice value of goods supplied by the company, exclusive of trade discounts and value added tax.
 
Tangible fixed assets and depreciation
Tangible fixed assets are stated at cost or at valuation, less accumulated depreciation. The charge to depreciation is calculated to write off the original cost or valuation of tangible fixed assets, less their estimated residual value, over their expected useful lives as follows:
 
  Fixtures, fittings and equipment - 25% straight line
 
The carrying values of tangible fixed assets are reviewed annually for impairment in periods if events or changes in circumstances indicate the carrying value may not be recoverable.
 
Trade and other creditors
Trade and other creditors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest rate method, unless the effect of discounting would be immaterial, in which case they are stated at cost.
 
Taxation
Current tax represents the amount expected to be paid or recovered in respect of taxable profits for the year and is calculated using the tax rates and laws that have been enacted or substantially enacted at the Balance Sheet date.
       
3. EMPLOYEES
 
The average monthly number of employees, including directors, during the year was as follows: 1
       
4. TANGIBLE FIXED ASSETS
  Fixtures, Total
  fittings and  
  equipment  
  £ £
Cost
 
At 28 February 2018 5,212 5,212
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Depreciation
 
At 28 February 2018 5,209 5,209
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Net book value
At 28 February 2018 3 3
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At 28 February 2017 3 3
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