3 false false false false false false false false false true false false false false false false No description of principal activity 2020-09-01 Sage Accounts Production Advanced 2021 - FRS102_2021 1,448 22,950 24,398 1,143 5,814 6,957 17,441 305 xbrli:pure xbrli:shares iso4217:GBP 09167910 2020-09-01 2021-08-31 09167910 2021-08-31 09167910 2020-08-31 09167910 2019-09-01 2020-08-31 09167910 2020-08-31 09167910 core:MotorVehicles 2020-09-01 2021-08-31 09167910 bus:Director1 2020-09-01 2021-08-31 09167910 core:MotorVehicles 2020-08-31 09167910 core:MotorVehicles 2021-08-31 09167910 core:WithinOneYear 2021-08-31 09167910 core:WithinOneYear 2020-08-31 09167910 core:AfterOneYear 2021-08-31 09167910 core:AfterOneYear 2020-08-31 09167910 core:ShareCapital 2021-08-31 09167910 core:ShareCapital 2020-08-31 09167910 core:RetainedEarningsAccumulatedLosses 2021-08-31 09167910 core:RetainedEarningsAccumulatedLosses 2020-08-31 09167910 core:MotorVehicles 2020-08-31 09167910 bus:SmallEntities 2020-09-01 2021-08-31 09167910 bus:AuditExempt-NoAccountantsReport 2020-09-01 2021-08-31 09167910 bus:FullAccounts 2020-09-01 2021-08-31 09167910 bus:SmallCompaniesRegimeForAccounts 2020-09-01 2021-08-31 09167910 bus:PrivateLimitedCompanyLtd 2020-09-01 2021-08-31
COMPANY REGISTRATION NUMBER: 09167910
Partek Site Services Ltd
Filleted Unaudited Financial Statements
31 August 2021
Partek Site Services Ltd
Statement of Financial Position
31 August 2021
2021
2020
Note
£
£
£
Fixed assets
Tangible assets
5
17,441
305
Current assets
Debtors
6
24,890
37,390
Cash at bank and in hand
43,155
17,456
--------
--------
68,045
54,846
Creditors: amounts falling due within one year
7
104,907
44,491
---------
--------
Net current (liabilities)/assets
( 36,862)
10,355
--------
--------
Total assets less current liabilities
( 19,421)
10,660
Creditors: amounts falling due after more than one year
8
25,668
1,409
--------
--------
Net (liabilities)/assets
( 45,089)
9,251
--------
--------
Capital and reserves
Called up share capital
100
100
Profit and loss account
( 45,189)
9,151
--------
-------
Shareholders (deficit)/funds
( 45,089)
9,251
--------
-------
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.
For the year ending 31 August 2021 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's responsibilities:
- 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 ;
- The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
Partek Site Services Ltd
Statement of Financial Position (continued)
31 August 2021
These financial statements were approved by the board of directors and authorised for issue on 21 April 2022 , and are signed on behalf of the board by:
Mr D M Simpson
Director
Company registration number: 09167910
Partek Site Services Ltd
Notes to the Financial Statements
Year ended 31 August 2021
1. General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 9 Moorhead Lane, Saltaire, Shipley, West Yorkshire, BD18 4JH.
2. Statement of compliance
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax. Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.
Income tax
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.
Tangible assets
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in equity, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation, is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in equity in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in equity in respect of that asset, the excess shall be recognised in profit or loss.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
25% reducing balance
-
25% reducing balance
Finance leases and hire purchase contracts
Assets held under finance leases and hire purchase contracts are recognised in the statement of financial position as assets and liabilities at the lower of the fair value of the assets and the present value of the minimum lease payments, which is determined at the inception of the lease term. Any initial direct costs of the lease are added to the amount recognised as an asset. Lease payments are apportioned between the finance charges and reduction of the outstanding lease liability using the effective interest method. Finance charges are allocated to each period so as to produce a constant rate of interest on the remaining balance of the liability.
4. Employee numbers
The average number of persons employed by the company during the year amounted to 3 (2020: 3 ).
5. Tangible assets
Motor vehicles
Total
£
£
Cost
At 1 September 2020
1,448
1,448
Additions
22,950
22,950
--------
--------
At 31 August 2021
24,398
24,398
--------
--------
Depreciation
At 1 September 2020
1,143
1,143
Charge for the year
5,814
5,814
--------
--------
At 31 August 2021
6,957
6,957
--------
--------
Carrying amount
At 31 August 2021
17,441
17,441
--------
--------
At 31 August 2020
305
305
--------
--------
6. Debtors
2021
2020
£
£
Trade debtors
20,154
16,151
Other debtors
4,736
21,239
--------
--------
24,890
37,390
--------
--------
7. Creditors: amounts falling due within one year
2021
2020
£
£
Bank loans and overdrafts
50,000
Corporation tax
19,140
16,750
Social security and other taxes
8,449
23,741
Other creditors
27,318
4,000
---------
--------
104,907
44,491
---------
--------
8. Creditors: amounts falling due after more than one year
2021
2020
£
£
Other creditors
25,668
1,409
--------
-------
9. Related party transactions
The company was under the control of Mr D M Simpson throughout the current and previous year. Mr D M Simpson is the managing director. No transactions with related parties were undertaken such as are required to be disclosed under Financial Reporting Standard 8.