REGISTERED NUMBER: |
Parthian Books Ltd |
Unaudited Financial Statements for the Year Ended 31st March 2023 |
REGISTERED NUMBER: |
Parthian Books Ltd |
Unaudited Financial Statements for the Year Ended 31st March 2023 |
Parthian Books Ltd (Registered number: 03194178) |
Contents of the Financial Statements |
for the Year Ended 31st March 2023 |
Page |
Company Information | 1 |
Balance Sheet | 2 |
Notes to the Financial Statements | 3 |
Parthian Books Ltd |
Company Information |
for the Year Ended 31st March 2023 |
Directors: |
Registered office: |
Registered number: |
Accountants: |
7 Neptune Court |
Vanguard Way |
Cardiff |
CF24 5PJ |
Bankers: |
4 High Street |
Cardigan |
SA42 1HF |
Parthian Books Ltd (Registered number: 03194178) |
Balance Sheet |
31st March 2023 |
2023 | 2022 |
Notes | £ | £ |
Fixed assets |
Tangible assets | 4 |
Current assets |
Stocks | 5 |
Debtors | 6 |
Cash at bank |
Creditors |
Amounts falling due within one year | 7 | ( |
) | ( |
) |
Net current assets |
Total assets less current liabilities |
Creditors |
Amounts falling due after more than one year | 8 | ( |
) | ( |
) |
Net assets |
Reserves |
Income and expenditure account | 9 |
The directors acknowledge their responsibilities for: |
(a) | ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and |
(b) | preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its surplus or deficit for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company. |
In accordance with Section 444 of the Companies Act 2006, the Profit and loss has not been delivered. |
The financial statements were approved by the Board of Directors and authorised for issue on |
Parthian Books Ltd (Registered number: 03194178) |
Notes to the Financial Statements |
for the Year Ended 31st March 2023 |
1. | Statutory information |
Parthian Books Ltd is a |
2. | Accounting policies |
Basis of preparing the financial statements |
The financial statements have been prepared on a going concern basis. The Directors have reviewed and considered relevant information, in making their assessment to the COVID-19 pandemic. The Directors have concluded that they can continue to adopt the going concern basis in preparing the financial statement. |
Turnover |
Turnover represents amounts chargeable, net of value added tax, in respect of the books sold and grants received in the year. |
Tangible fixed assets |
Computer equipment | - |
Stocks |
Stock is valued at the lower of cost and net realisable value, after due regard for obsolete and slow moving stocks. Net realisable value is based on selling price less anticipated costs to completion and selling costs. |
Cash and cash equivalents |
Cash and cash equivalents include cash in hand, deposits held at call with bank, other short term liquid investments with original maturities of three months or less. |
Debtors and creditors |
Debtors and creditors with no stated interest rate and receivable rate are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account in other administrative expenses. |
3. | Employees and directors |
The average number of employees during the year was NIL (2022 - |
4. | Tangible fixed assets |
Computer |
equipment |
£ |
Cost |
At 1st April 2022 |
and 31st March 2023 |
Depreciation |
At 1st April 2022 |
Charge for year |
At 31st March 2023 |
Net book value |
At 31st March 2023 |
At 31st March 2022 |
Parthian Books Ltd (Registered number: 03194178) |
Notes to the Financial Statements - continued |
for the Year Ended 31st March 2023 |
5. | Stocks |
2023 | 2022 |
£ | £ |
Stocks |
6. | Debtors: amounts falling due within one year |
2023 | 2022 |
£ | £ |
Trade debtors |
Tax |
VAT |
7. | Creditors: amounts falling due within one year |
2023 | 2022 |
£ | £ |
Bank loans and overdrafts |
Trade creditors |
Tax | ( |
) |
Accrued expenses |
Deferred Income |
8. | Creditors: amounts falling due after more than one year |
2023 | 2022 |
£ | £ |
Bank loans - 1-2 years |
Bank loans - 2-5 years |
9. | Reserves |
Income |
and |
expenditure |
account |
£ |
At 1st April 2022 |
Deficit for the year | ( |
) |
At 31st March 2023 |
10. | Company status |
The company is a private company limited by guarantee and consequently does not have share capital. Each of the members is liable to contribute an amount not exceeding £1 towards the assets of the company in the event of liquidation. |