Company Registration No. 12143356 (England and Wales)
Post Parcels Limited
Unaudited accounts
for the year ended 31 August 2022
Post Parcels Limited
Unaudited accounts
Contents
Post Parcels Limited
Company Information
for the year ended 31 August 2022
Company Number
12143356 (England and Wales)
Registered Office
63 MARKET PLACE
HULL
HU1 1RQ
ENGLAND
Accountants
Kendall Accountancy Services Limited
2 Exeter Street
New Village Road
Cottingham
East Yorkshire
HU16 4LU
Post Parcels Limited
Statement of financial position
as at 31 August 2022
Cash at bank and in hand
81
4,432
Creditors: amounts falling due within one year
(12,183)
(15,961)
Net current assets/(liabilities)
3,898
(8,460)
Total assets less current liabilities
3,898
15,246
Provisions for liabilities
Called up share capital
100
100
Profit and loss account
3,798
13,879
Shareholders' funds
3,898
13,979
For the year ending 31 August 2022 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges her responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered 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. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 7 September 2022 and were signed on its behalf by
Mrs S Jaspal
Director
Company Registration No. 12143356
Post Parcels Limited
Notes to the Accounts
for the year ended 31 August 2022
Post Parcels Limited is a private company, limited by shares, registered in England and Wales, registration number 12143356. The registered office is 63 MARKET PLACE, HULL, HU1 1RQ, ENGLAND.
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Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts are presented in £ sterling.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Fixtures & fittings
25% wdv
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws.
Deferred tax assets and liabilities are not discounted.
Government grants in relation to tangible fixed assets are credited to profit and loss account over the useful lives of the related assets, whereas those in relation to expenditure are credited when the expenditure is charged to profit and loss.
Post Parcels Limited
Notes to the Accounts
for the year ended 31 August 2022
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
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Tangible fixed assets
Motor vehicles
Fixtures & fittings
Total
Cost or valuation
At cost
At cost
At 1 September 2021
1,060
31,291
32,351
Disposals
(1,060)
(31,291)
(32,351)
At 1 September 2021
347
8,298
8,645
Charge for the year
713
-
713
On disposals
(1,060)
(8,298)
(9,358)
At 31 August 2021
713
22,993
23,706
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Debtors: amounts falling due within one year
2022
2021
Accrued income and prepayments
-
1,193
6
Creditors: amounts falling due within one year
2022
2021
Taxes and social security
10,734
299
Loans from directors
(278)
4,923
Allotted, called up and fully paid:
100 Ordinary shares of £1 each
100
100
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Average number of employees
During the year the average number of employees was 4 (2021: 4).