Abbreviated Company Accounts - PARMAR-CEUTICALS LIMITED

03496193 PARMAR-CEUTICALS LIMITED 2013-10-31 false 2012-11-01 2013-10-31 true 03496193 2012-11-01 2013-10-31 03496193 2013-10-31 03496193 2012-10-31 03496193 uk-gaap-cd-bus:Director1 2012-11-01 2013-10-31 03496193 uk-gaap-cd-bus:Director2 2012-11-01 2013-10-31 uk-gaap-cd-bus:OrdinaryShareClass1 2012-11-01 2013-10-31 uk-gaap-cd-bus:OrdinaryShareClass1 2013-10-31 uk-gaap-cd-bus:OrdinaryShareClass1 2012-10-31 iso4217:GBP shares

Registered Number 03496193

PARMAR-CEUTICALS LIMITED

Abbreviated Accounts

31 October 2013

PARMAR-CEUTICALS LIMITED Registered Number 03496193

Abbreviated Balance Sheet as at 31 October 2013

	Notes	2013	2012
		£	£
Fixed assets
Intangible assets	2	90,410	101,711
Tangible assets	3	21,118	25,771
		111,528	127,482
Current assets
Stocks		137,242	150,923
Debtors		110,385	116,144
Cash at bank and in hand		167,371	82,861
		414,998	349,928
Creditors: amounts falling due within one year		(147,164)	(136,032)
Net current assets (liabilities)		267,834	213,896
Total assets less current liabilities		379,362	341,378
Creditors: amounts falling due after more than one year		(89,789)	(13,494)
Total net assets (liabilities)		289,573	327,884
Capital and reserves
Called up share capital	4	100	100
Profit and loss account		289,473	327,784
Shareholders' funds		289,573	327,884

For the year ending 31 October 2013 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 in accordance with the provisions applicable to companies subject to the small companies regime.

Approved by the Board on 30 July 2014

And signed on their behalf by:
N B Parmar, Director
J N Parmar, Director

PARMAR-CEUTICALS LIMITED Registered Number 03496193

Notes to the Abbreviated Accounts for the period ended 31 October 2013

1Accounting Policies

Basis of measurement and preparation of accounts
The accounts have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities effective April 2008.

Turnover policy
Turnover represents the total invoice value, excluding value added tax, of sales made during the year.

Tangible assets depreciation policy
Depreciation is provided at rates calculated to write off the cost less residual value of each asset over its expected useful life, as follows:
Fixtures, fittings and equipment - 20% reducing balance

Intangible assets amortisation policy
Acquired goodwill is written off in equal annual instalments over its estimated useful economic life of
20 years.

Valuation information and policy
Stock is valued at the lower of cost and net realisable value.

2Intangible fixed assets

	£
Cost
At 1 November 2012	226,022
Additions	-
Disposals	-
Revaluations	-
Transfers	-
At 31 October 2013	226,022
Amortisation
At 1 November 2012	124,311
Charge for the year	11,301
On disposals	-
At 31 October 2013	135,612
Net book values
At 31 October 2013	90,410
At 31 October 2012	101,711

3Tangible fixed assets

	£
Cost
At 1 November 2012	71,014
Additions	627
Disposals	-
Revaluations	-
Transfers	-
At 31 October 2013	71,641
Depreciation
At 1 November 2012	45,243
Charge for the year	5,280
On disposals	-
At 31 October 2013	50,523
Net book values
At 31 October 2013	21,118
At 31 October 2012	25,771

4Called Up Share Capital
Allotted, called up and fully paid:

	2013 £	2012 £
100 Ordinary shares of £1 each	100	100