Registered Number:09210149 |
For the year ended 31 July 2021
England and Wales
Unaudited Financial Statements
For the year ended 31 July 2021
Parkside Direct Limited
Contents Page
1
Statement of Financial Position
2 to 5
Notes to the Financial Statements
Parkside Direct Limited
Statement of Financial Position
2020
2021
Property, plant and equipment |
52,249
53,754
2
52,249
53,754
479,722
1,110,640
3
Trade and other receivables |
13,917
9,500
4
66,570
Cash and cash equivalents |
98,588
1,218,728
560,209
Trade and other payables: amounts falling due within one |
year |
(117,458)
(414,560)
5
442,751
804,168
Net current assets
Total assets less current liabilities |
856,417
496,505
Trade and other payables: amounts falling due after more |
than one year |
(360,274)
(670,437)
6
(9,927)
(10,213)
Provisions for liabilities |
176,053
Net assets
126,018
2
2
176,051
126,016
176,053
126,018
Shareholders' funds
For the year ended 31 July 2021 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 financial statements for the year ended 31 July 2021 in accordance with Section 476 of the Companies Act 2006 |
The directors acknowledge their responsibilities for:a) ensuring that the company keeps proper 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 profit or loss for each financial year in accordance with the requirements of Section |
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 Income Statement has not been delivered. |
The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. |
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For the year ended 31 July 2021
Parkside Direct Limited
Statement of Financial Position Continued
These financial statements were approved and authorised for issue by the Board on 21 August 2022 and were signed by: |
The notes form part of these financial statements |
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For the year ended 31 July 2021
Parkside Direct Limited
Notes to the Financial Statements
Statutory Information
Parkside Direct Limited is a private limited company, limited by shares, domiciled in England and Wales, registration |
number 09210149. |
427 Chorley New Road
Horwich
Bolton
BL6 6DT
The presentation currency is £ sterling. |
Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of Section 1A of Financial |
Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the |
Companies Act 2006. The financial statements have been prepared under the historical costs convention as |
modified by the revaluation of certain assets. |
Revenue recognition
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts. |
Property, plant and equipment
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis: |
Plant and machinery
Computer equipment
Fixtures and fittings
Inventories
Stocks are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow moving items. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. |
Hire purchase and leasing commitments
Rentals payable under operating leases are charged against income on a straight line basis over the lease term.
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For the year ended 31 July 2021
Parkside Direct Limited
Notes to the Financial Statements Continued
2. Property, plant and equipment |
70,415
9,116
28,304
32,995
8,582
3,425
2,865
2,292
35,287
31,169
12,541
78,997
Provision for depreciation and impairment |
16,661
7,112
5,425
4,124
Charge for year
10,087
2,561
3,116
4,410
26,748
9,673
8,541
8,534
26,753
22,628
2,868
52,249
28,871
22,879
2,004
53,754
2020
2021
1,110,640
479,722
4. Trade and other receivables |
2020
2021
9,500
7,025
-
6,892
13,917
9,500
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For the year ended 31 July 2021
Parkside Direct Limited
Notes to the Financial Statements Continued
5. Trade and other payables: amounts falling due within one year |
2020
2021
Bank loans and overdraft (secured) |
5,556
1,667
41,580
8,495
78,665
45,505
Taxation and social security |
32,498
5,600
256,261
56,191
414,560
117,458
6. Trade and other payables: amounts falling due after more than one year |
2020
2021
218,750
-
Bank loans and overdraft (secured) |
43,519
48,333
408,168
311,941
670,437
360,274
7. Average number of persons employed |
During the year the average number of employees was 8 (2020 : 7)
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