PARCEL NETWORK LIMITED

Company Registration Number:
04821298 (England and Wales)

Unaudited statutory accounts for the year ended 31 July 2023

Period of accounts

Start date: 01 August 2022

End date: 31 July 2023

PARCEL NETWORK LIMITED

Contents of the Financial Statements

for the Period Ended 31 July 2023

Company Information - 3
Balance sheet - 4
Additional notes - 6
Balance sheet notes - 9

PARCEL NETWORK LIMITED

Company Information

for the Period Ended 31 July 2023




Registered office: Unit 157
167 Brent Road
Southall
England
UB2 5LJ
Company Registration Number: 04821298 (England and Wales)

PARCEL NETWORK LIMITED

Balance sheet

As at 31 July 2023


Notes

2023
£

2022
£
Fixed assets
Intangible assets: 4 137,071 106,756
Tangible assets: 5 63,237 64,987
Total fixed assets: 200,308 171,743
Current assets
Debtors: 6 57,092 65,787
Cash at bank and in hand: 6,032 13,700
Total current assets: 63,124 79,487
Creditors: amounts falling due within one year: 7 ( 82,850 ) ( 187,513 )
Net current assets (liabilities): ( 19,726 ) ( 108,026 )
Total assets less current liabilities: 180,582 63,717
Creditors: amounts falling due after more than one year: 8 ( 372,661 ) ( 119,868 )
Total net assets (liabilities): ( 192,079 ) ( 56,151 )

The notes form part of these financial statements

PARCEL NETWORK LIMITED

Balance sheet continued

As at 31 July 2023


Notes

2023
£

2022
£
Capital and reserves
Called up share capital: 100 100
Profit and loss account: ( 192,179 ) ( 56,251 )
Shareholders funds: ( 192,079 ) ( 56,151 )

For the year ending 31 July 2023 the company was entitled to exemption 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 directors acknowledge their 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.

This report was approved by the board of directors on 31 July 2024
And Signed On Behalf Of The Board By:

Name: Aaron Singh Saran
Status: Director

The notes form part of these financial statements

PARCEL NETWORK LIMITED

Notes to the Financial Statements

for the Period Ended 31 July 2023

  • 1. Accounting policies

    Basis of measurement and preparation

    These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

    Turnover policy

    The Turnover shown in the profit and loss account represents revenue earned during the period, exclusive of VAT

PARCEL NETWORK LIMITED

Notes to the Financial Statements

for the Period Ended 31 July 2023

  • 2. Employees


    2023

    2022
    Average number of employees during the period 5 5

PARCEL NETWORK LIMITED

Notes to the Financial Statements

for the Period Ended 31 July 2023

  • 3. Off balance sheet disclosure

    No

PARCEL NETWORK LIMITED

Notes to the Financial Statements

for the Period Ended 31 July 2023

4. Intangible assets

Other Total
Cost £ £
At 01 August 2022 106,756 106,756
Additions 30,315 30,315
Disposals - -
Revaluations - -
Transfers - -
At 31 July 2023 137,071 137,071
Amortisation
Amortisation at 01 August 2022 - -
Charge for year - -
On disposals - -
Other adjustments - -
Amortisation at 31 July 2023 - -
Net book value
Net book value at 31 July 2023 137,071 137,071
Net book value at 31 July 2022 106,756 106,756

PARCEL NETWORK LIMITED

Notes to the Financial Statements

for the Period Ended 31 July 2023

5. Tangible assets

Plant & machinery Total
Cost £ £
At 01 August 2022 98,477 98,477
Additions - -
Disposals ( 1,750 ) ( 1,750 )
Revaluations - -
Transfers - -
At 31 July 2023 96,727 96,727
Depreciation
At 01 August 2022 33,490 33,490
Charge for year - -
On disposals - -
Other adjustments - -
At 31 July 2023 33,490 33,490
Net book value
At 31 July 2023 63,237 63,237
At 31 July 2022 64,987 64,987

PARCEL NETWORK LIMITED

Notes to the Financial Statements

for the Period Ended 31 July 2023

6. Debtors


2023
£

2022
£
Trade debtors 43,527 65,787
Prepayments and accrued income 13,565
Total 57,092 65,787

PARCEL NETWORK LIMITED

Notes to the Financial Statements

for the Period Ended 31 July 2023

7.Creditors: amounts falling due within one year note


2023
£

2022
£
Bank loans and overdrafts 5,643 5,670
Trade creditors 77,207 168,853
Taxation and social security 12,990
Total 82,850 187,513

PARCEL NETWORK LIMITED

Notes to the Financial Statements

for the Period Ended 31 July 2023

8.Creditors: amounts falling due after more than one year


2023
£

2022
£
Bank loans and overdrafts 368,312 111,519
Other creditors 4,349 8,349
Total 372,661 119,868