1 February 2022 v2023.23.2 micro_entity_frs_105_v1_1_0 filingSoftwarefalsetruetruetrueNo description of principal activity0truexbrli:purexbrli:sharesiso4217:GBP117605432022-02-012023-01-31117605432023-01-31117605432022-01-3111760543core:WithinOneYear2023-01-3111760543core:WithinOneYear2022-01-3111760543core:AfterOneYear2023-01-3111760543core:AfterOneYear2022-01-3111760543bus:RegisteredOffice2022-02-012023-01-31117605432021-02-012022-01-3111760543bus:Director12022-02-012023-01-311176054312022-02-012023-01-3111760543countries:EnglandWales2022-02-012023-01-3111760543bus:AuditExempt-NoAccountantsReport2022-02-012023-01-3111760543bus:PrivateLimitedCompanyLtd2022-02-012023-01-3111760543bus:Micro-entities2022-02-012023-01-3111760543bus:FullAccounts2022-02-012023-01-31
Company registration number:
11760543
Parchev Trans Ltd
Unaudited Filleted Financial Statements for the year ended
31 January 2023
Parchev Trans Ltd
Statement of Financial Position
31 January 2023
20232022
££
Current assets
1,319
 
6,732
 
Creditors: amounts falling due within one year
(39,793
)
(43,832
)
Net current liabilities
(38,474
)
(37,100
)
Creditors: amounts falling due after more than one year
(18,000
)
(24,000
)
Net liabilities
(56,474
)
(61,100
)
   
Capital and reserves
(56,474
)
(61,100
)

Notes to the Financial Statements

1 General information

1. STATUTORY INFORMATION
The company is a private company limited by shares and is registered in England and Wales. The address of the registered office is
85 Downsway
,
Southwick
,
Brighton
,
BN42 4WE
, United Kingdom.
2. STATEMENT OF COMPLIANCE
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. 3. ACCOUNTING POLICIES
3.1 Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
3.3 Current Assets
Trade debtors - £325
Bank and cash in hand - £994
Total: £1,319
3.4 Creditors: amounts falling due within one year
Other creditors: £10,973
Directors Loan Accounts: £19,823
VAT liability: £2,997
Current portion of long term debt: £6,000
Total: £39,793
3.5 Creditors: amounts falling due after more than one year
Bank loan - £18,000

2 Average number of employees

The average number of persons employed by the company during the year was nil (2022:
2
).
For the year ending
31 January 2023
, 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 their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
These financial statements have been prepared in accordance with the micro-entity provisions and have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.
These financial statements were approved by the
board of directors
and authorised for issue on
18 October 2023
, and are signed on behalf of the board by:
I Parchev
Director
Company registration number:
11760543