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Registration number: 12304177

Parce Bach Ltd

Annual Report and Unaudited Filleted Abridged Financial Statements

for the Year Ended 31 May 2024

 

Parce Bach Ltd

Contents

Abridged Balance Sheet

1

Notes to the Unaudited Abridged Financial Statements

2 to 4

 

Parce Bach Ltd

(Registration number: 12304177)
Abridged Balance Sheet as at 31 May 2024

Note

2024
£

2023
£

Fixed assets

 

Tangible assets

4

25,298

21,324

Investments

5

15,660

15,660

Other financial assets

6

300,000

-

 

340,958

36,984

Current assets

 

Stocks

4,220

-

Debtors

15,014

88,028

Cash at bank and in hand

 

87,862

322,174

 

107,096

410,202

Creditors: Amounts falling due within one year

(5,923)

(13,792)

Net current assets

 

101,173

396,410

Net assets

 

442,131

433,394

Capital and reserves

 

Called up share capital

100

100

Profit and loss account

442,031

433,294

Total equity

 

442,131

433,394

For the financial year ending 31 May 2024 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 of its accounts for the year in question in accordance with section 476; and

The director acknowledges her responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime and the option not to file the Profit and Loss Account has been taken.

All of the company’s members have consented to the preparation of an Abridged Profit and Loss Account and an Abridged Balance Sheet in accordance with Section 444(2A) of the Companies Act 2006.

Approved and authorised by the director on 11 February 2025
 

Ms C Tudor

Director

 

Parce Bach Ltd

Notes to the Unaudited Abridged Financial Statements for the Year Ended 31 May 2024

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
Calyx House
South Road
Taunton
Somerset
TA1 3DU

These financial statements were authorised for issue by the director on 11 February 2025.

2

Accounting policies

Statement of compliance

These abridged financial statements were prepared in accordance with Financial Reporting Standard 102 Section 1A 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006.

Basis of preparation

These abridged financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Tangible assets

Tangible assets are stated in the statement of financial position at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Motor vehicles

25% reducing balance

Plant and machinery

25% reducing balance

Investments

Investments in equity shares which are publicly traded or where the fair value can be measured reliably are initially measured at fair value, with changes in fair value recognised in profit or loss. Investments in equity shares which are not publicly traded and where fair value cannot be measured reliably are measured at cost less impairment.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method.

The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the inventories to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are impaired, the carrying amount is reduced to its selling price less costs to complete and sell; the impairment loss is recognised immediately in profit or loss.

Biological assets

Biological assets, living plants and animals are included at the lower of cost and estimated selling price less costs to sell.

 

Parce Bach Ltd

Notes to the Unaudited Abridged Financial Statements for the Year Ended 31 May 2024

3

Staff numbers

The average number of persons employed by the company (including the director) during the year, was 1 (2023 - 1).

4

Tangible assets

Total
£

Cost or valuation

At 1 June 2023

28,432

Additions

12,407

At 31 May 2024

40,839

Depreciation

At 1 June 2023

7,108

Charge for the year

8,433

At 31 May 2024

15,541

Carrying amount

At 31 May 2024

25,298

At 31 May 2023

21,324

5

Investments

Total
£

Carrying amount

At 31 May 2024

15,660

At 31 May 2023

15,660

 

Parce Bach Ltd

Notes to the Unaudited Abridged Financial Statements for the Year Ended 31 May 2024

6

Other financial assets (current and non-current)

Total
£

Non-current financial assets

Cost or valuation

Additions

300,000

At 31 May 2024

300,000

Carrying amount

At 31 May 2024

300,000