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REGISTERED NUMBER: 00731293







UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 28 FEBRUARY 2023

FOR

PARK GARAGE AUTOS (SALES) LIMITED

PARK GARAGE AUTOS (SALES) LIMITED (REGISTERED NUMBER: 00731293)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 FEBRUARY 2023










Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 3


PARK GARAGE AUTOS (SALES) LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 28 FEBRUARY 2023







DIRECTORS: A E Cockayne
C A Cockayne
J E Cockayne





SECRETARY: C A Cockayne





REGISTERED OFFICE: 317 Warwards Lane
Selly Oak
Birmingham
B29 7QR





REGISTERED NUMBER: 00731293





ACCOUNTANTS: Prime
Chartered Accountants
161 Newhall Street
Birmingham
B3 1SW

PARK GARAGE AUTOS (SALES) LIMITED (REGISTERED NUMBER: 00731293)

STATEMENT OF FINANCIAL POSITION
28 FEBRUARY 2023

2023 2022
Notes £    £   
CURRENT ASSETS
Stocks 126,257 123,902
Debtors 5 274 318
Cash at bank 70,688 68,228
197,219 192,448
CREDITORS
Amounts falling due within one year 6 22,015 26,463
NET CURRENT ASSETS 175,204 165,985
TOTAL ASSETS LESS CURRENT
LIABILITIES

175,204

165,985

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 175,104 165,885
SHAREHOLDERS' FUNDS 175,204 165,985

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 February 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 28 February 2023 in accordance with Section 476 of the Companies Act 2006.

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 profit or loss 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.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 6 October 2023 and were signed on its behalf by:





A E Cockayne - Director


PARK GARAGE AUTOS (SALES) LIMITED (REGISTERED NUMBER: 00731293)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 FEBRUARY 2023


1. STATUTORY INFORMATION

Park Garage Autos (Sales) Limited is a private company, limited by shares , registered in Not specified/Other. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).


2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover represents net invoiced sales of goods and services, excluding value added tax arising from the sale and supply of used cars and car spares and associated products. Income is recognised on despatch of goods or on delivery of a service.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 25% on reducing balance
Fixtures and fittings - 25% on reducing balance

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.
Cost is defined as the initial purchase price of used cars and car spares.

Net realisable value is the estimated proceeds from the sale of items of stock, less all further costs to be incurred in marketing, selling and distributing the items in question.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2022 - 3 ) .

PARK GARAGE AUTOS (SALES) LIMITED (REGISTERED NUMBER: 00731293)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 28 FEBRUARY 2023


4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and
machinery fittings Totals
£    £    £   
COST
At 1 March 2022
and 28 February 2023 1,072 530 1,602
DEPRECIATION
At 1 March 2022
and 28 February 2023 1,072 530 1,602
NET BOOK VALUE
At 28 February 2023 - - -
At 28 February 2022 - - -

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Other debtors 274 318

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 11,015 4,596
Taxation and social security 7,489 18,019
Other creditors 3,511 3,848
22,015 26,463