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COMPANY REGISTRATION NUMBER: 07963175
Parcelrun Limited
Filleted Unaudited Financial Statements
30 November 2023
Parcelrun Limited
Chartered Accountant's Report to the Board of Directors on the Preparation of the Unaudited Statutory Financial Statements of Parcelrun Limited
Year ended 30 November 2023
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Parcelrun Limited for the year ended 30 November 2023, which comprise the statement of financial position and the notes to the financial statements from the company's accounting records and from information and explanations you have given us. As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at www.icaew.com/en/membership/regulations-standards-and-guidance. This report is made solely to the Board of Directors of Parcelrun Limited, as a body, in accordance with the terms of our engagement letter dated 17 February 2015. Our work has been undertaken solely to prepare for your approval the financial statements of Parcelrun Limited and state those matters that we have agreed to state to you, as a body, in this report in accordance with ICAEW Technical Release 07/16 AAF as detailed at www.icaew.com/compilation. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Parcelrun Limited and its Board of Directors, as a body, for our work or for this report.
It is your duty to ensure that Parcelrun Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Parcelrun Limited. You consider that Parcelrun Limited is exempt from the statutory audit requirement for the year. We have not been instructed to carry out an audit or a review of the financial statements of Parcelrun Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.
PAUL PHILLIS & CO LIMITED Chartered accountants
11a Corelli Street Newport South Wales NP19 7AR
20 February 2024
Parcelrun Limited
Statement of Financial Position
30 November 2023
2023
2022
£
£
£
Fixed assets
218
1,163
----
-------
Current assets
15,402
16,497
Prepayments and accrued income
1,375
422
--------
--------
16,777
16,919
Creditors: amounts falling due within one year
7,927
6,179
--------
--------
Net current assets
8,850
10,740
-------
--------
Total assets less current liabilities
9,068
11,903
Creditors: amounts falling due after more than one year
7,363
10,971
Accruals and deferred income
800
800
-------
--------
905
132
-------
--------
Capital and reserves
905
132
----
----
Notes to the financial statements
1. Employee numbers
The average number of persons employed by the company during the year amounted to 2 (2022: 2 ).
2. Directors' advances, credits and guarantees
During the year the directors entered into the following advances and credits with the company:
2023
Balance brought forward
Advances/ (credits) to the directors
Amounts repaid
Balance outstanding
£
£
£
£
Mr R Harris
592
30,881
( 24,251)
7,222
Mrs K R Harris
8,106
11,998
( 15,415)
4,689
-------
--------
--------
--------
8,698
42,879
( 39,666)
11,911
-------
--------
--------
--------
2022
Balance brought forward
Advances/ (credits) to the directors
Amounts repaid
Balance outstanding
£
£
£
£
Mr R Harris
7,611
20,047
( 27,066)
592
Mrs K R Harris
11,748
8,608
( 12,250)
8,106
--------
--------
--------
-------
19,359
28,655
( 39,316)
8,698
--------
--------
--------
-------
The company charges interest at the official rate on any loan to its directors which exceeds £10,000 at any time during the course of the year on an annual basis. The loans are repayable on demand.
For the year ending 30 November 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' 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 directors acknowledge 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 20 February 2024 , and are signed on behalf of the board by:
Mr R Harris
Director
Company registration number: 07963175
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 30 Picton Street, Griffithstown, Pontypool, NP4 5HA.