PARCEL NETWORK LIMITED

Company Registration Number:
04821298 (England and Wales)

Unaudited statutory accounts for the year ended 31 July 2024

Period of accounts

Start date: 01 August 2023

End date: 31 July 2024

PARCEL NETWORK LIMITED

Contents of the Financial Statements

for the Period Ended 31 July 2024

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

PARCEL NETWORK LIMITED

Company Information

for the Period Ended 31 July 2024




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 2024


Notes

2024
£

2023
£
Fixed assets
Tangible assets: 4 252,508 63,237
Total fixed assets: 252,508 63,237
Current assets
Debtors: 5 65,512 194,163
Cash at bank and in hand: 332,076 6,032
Total current assets: 397,588 200,195
Creditors: amounts falling due within one year: 6 ( 48,276 ) ( 82,850 )
Net current assets (liabilities): 349,312 117,345
Total assets less current liabilities: 601,820 180,582
Creditors: amounts falling due after more than one year: 7 ( 603,431 ) ( 372,661 )
Total net assets (liabilities): ( 1,611 ) ( 192,079 )

The notes form part of these financial statements

PARCEL NETWORK LIMITED

Balance sheet continued

As at 31 July 2024


Notes

2024
£

2023
£
Capital and reserves
Called up share capital: 100 100
Profit and loss account: ( 1,711 ) ( 192,179 )
Shareholders funds: ( 1,611 ) ( 192,079 )

For the year ending 31 July 2024 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 27 March 2025
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 2024

  • 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 2024

  • 2. Employees


    2024

    2023
    Average number of employees during the period 6 4

PARCEL NETWORK LIMITED

Notes to the Financial Statements

for the Period Ended 31 July 2024

  • 3. Off balance sheet disclosure

    No

PARCEL NETWORK LIMITED

Notes to the Financial Statements

for the Period Ended 31 July 2024

4. Tangible assets

Plant & machinery Total
Cost £ £
At 01 August 2023 96,727 96,727
Additions 189,271 189,271
Disposals - -
Revaluations - -
Transfers - -
At 31 July 2024 285,998 285,998
Depreciation
At 01 August 2023 33,490 33,490
Charge for year - -
On disposals - -
Other adjustments - -
At 31 July 2024 33,490 33,490
Net book value
At 31 July 2024 252,508 252,508
At 31 July 2023 63,237 63,237

PARCEL NETWORK LIMITED

Notes to the Financial Statements

for the Period Ended 31 July 2024

5. Debtors


2024
£

2023
£
Trade debtors 65,317 43,527
Prepayments and accrued income 195 13,565
Other debtors 137,071
Total 65,512 194,163

PARCEL NETWORK LIMITED

Notes to the Financial Statements

for the Period Ended 31 July 2024

6.Creditors: amounts falling due within one year note


2024
£

2023
£
Bank loans and overdrafts 2,589 5,643
Trade creditors 45,687 77,207
Total 48,276 82,850

PARCEL NETWORK LIMITED

Notes to the Financial Statements

for the Period Ended 31 July 2024

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


2024
£

2023
£
Bank loans and overdrafts 600,822 368,312
Other creditors 2,609 4,349
Total 603,431 372,661