Company Registration No. 00959942 (England and Wales)
PARAFIX LIMITED
ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2019
PARAFIX LIMITED
CONTENTS
Page
Directors' report
1
Accountants' report
2
Balance sheet
3
Notes to the financial statements
4
PARAFIX LIMITED
DIRECTORS' REPORT
FOR THE YEAR ENDED 31 DECEMBER 2019
- 1 -
The directors present their annual report and financial statements for the year ended 31 December 2019.
Directors
The directors who held office during the year and up to the date of signature of the financial statements were as follows:
Mr M A Punter
Mr F E Cameron
This report has been prepared in accordance with the provisions applicable to companies entitled to the small companies exemption.
On behalf of the board
Mr M A Punter
Director
9 December 2020
PARAFIX LIMITED
CHARTERED ACCOUNTANTS' REPORT TO THE BOARD OF DIRECTORS ON THE PREPARATION OF THE UNAUDITED STATUTORY FINANCIAL STATEMENTS OF PARAFIX LIMITED FOR THE YEAR ENDED 31 DECEMBER 2019
- 2 -
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Parafix Limited for the year ended 31 December 2019 which comprise, the balance sheet and the related notes from the company’s accounting records and from information and explanations you have given us.
As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at http://www.icaew.com/en/members/regulations-standards-and-guidance
.
This report is made solely to the Board of Directors of Parafix Limited, as a body, in accordance with the terms of our engagement
.
Our work has been undertaken solely to prepare for your approval the financial statements of Parafix Limited
and state those matters that we have agreed to state to the Board of Directors of Parafix Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16 AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Parafix Limited and its Board of Directors as a body, for
our work or for this report.
It is your duty to ensure that Parafix Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets,
liabilities, financial position and result
of Parafix Limited. You consider that Parafix Limited is exempt from the statutory audit
requirement for the year.
We have not been instructed to carry out an audit or a review of the financial statements of Parafix Limited. For this reason, we have not verified the accuracy or completeness of the
accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.
MHA Carpenter Box
15 December 2020
Chartered Accountants
Amelia House
Crescent Road
Worthing
West Sussex
BN11 1QR
PARAFIX LIMITED
BALANCE SHEET
AS AT
31 DECEMBER 2019
31 December 2019
- 3 -
2019
2018
Notes
£
£
£
£
Current assets
Cash at bank and in hand
2
2
Creditors: amounts falling due within one year
2
(945)
(945)
Net current liabilities
(943)
(943)
Capital and reserves
Called up share capital
3
100
100
Profit and loss reserves
(1,043)
(1,043)
Total equity
(943)
(943)
For the financial year ended 31 December 2019 the company was entitled to exemption from audit under section 480 of the Companies Act 2006 relating to dormant companies.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.
T
he members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476
.
The financial statements were approved by the board of directors and authorised for issue on 9 December 2020 and are signed on its behalf by:
Mr M A Punter
Director
Company Registration No. 00959942
PARAFIX LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2019
- 4 -
1
Accounting policies
Company information
Parafix Limited is a
private
company
limited by shares
incorporated in England and Wales.
The registered office is
53 Spencer Road, Lancing Business Park, Lancing, West Sussex, BN15 8UA.
1.1
Accounting convention
The financial statements are prepared under the historical cost convention.
Under the Companies Act, the company has elected to retain its accounting policies for reported assets,
l
iabilities and equity at the date of transition to FRS 102 until there is any change to those balances or th
e
company undertakes any new transactions. The company remains dormant, and has elected to retain its
previous accounting policies and is not required to restate its opening balance sheet at the date of
transition.
1.2
Profit and loss account
The company has not traded during the year or the preceding financial
period
. During
this time
the company received no income and incurred no expenditure and therefore no Profit and loss account is presented
in these financial statements.
2
Creditors: amounts falling due within one year
2019
2018
£
£
Other creditors
945
945
3
Called up share capital
2019
2018
£
£
Ordinary share capital
Issued and fully paid
100 ordinary shares of £1 each
100
100