Company Registration No. 12484082 (England and Wales)
Parasol Restaurant Limited
Unaudited accounts
for the year ended 28 February 2023
Parasol Restaurant Limited
Unaudited accounts
Contents
Parasol Restaurant Limited
Company Information
for the year ended 28 February 2023
Company Number
12484082 (England and Wales)
Registered Office
5 MARKET PLACE
ABINGDON
OXFORDSHIRE
OX14 3HG
UNITED KINGDOM
Accountants
Utopians Accountants
49 Highview
Pinner
Middlesex
HA5 3PE
Parasol Restaurant Limited
Statement of financial position
as at 28 February 2023
Intangible assets
12,500
-
Cash at bank and in hand
37,183
10
Creditors: amounts falling due within one year
(19,333)
-
Net current assets
24,997
10
Total assets less current liabilities
67,972
10
Creditors: amounts falling due after more than one year
(55,693)
-
Called up share capital
10
10
Profit and loss account
12,269
-
Shareholders' funds
12,279
10
For the year ending 28 February 2023 the company was entitled to exemption from audit under section 480 of the Companies Act 2006 relating to dormant companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 7 November 2023 and were signed on its behalf by
Kok Seng Wong
Director
Company Registration No. 12484082
Parasol Restaurant Limited
Notes to the Accounts
for the year ended 28 February 2023
Parasol Restaurant Limited is a private company, limited by shares, registered in England and Wales, registration number 12484082. The registered office is 5 MARKET PLACE, ABINGDON, OXFORDSHIRE, OX14 3HG, UNITED KINGDOM.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
10% on reducing balance
Motor vehicles
20% on reducing balance
Fixtures & fittings
10% on reducing balance
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
4
Intangible fixed assets
Goodwill
At 28 February 2023
12,500
At 28 February 2023
12,500
Parasol Restaurant Limited
Notes to the Accounts
for the year ended 28 February 2023
5
Tangible fixed assets
Plant & machinery
Motor vehicles
Fixtures & fittings
Total
Cost or valuation
At cost
At cost
At cost
Additions
15,500
9,800
9,650
34,950
At 28 February 2023
15,500
9,800
9,650
34,950
Charge for the year
1,550
1,960
965
4,475
At 28 February 2023
1,550
1,960
965
4,475
At 28 February 2023
13,950
7,840
8,685
30,475
Amounts falling due within one year
Accrued income and prepayments
2,500
-
7
Creditors: amounts falling due within one year
2023
2022
Taxes and social security
3,964
-
8
Creditors: amounts falling due after more than one year
2023
2022
Loans from directors
55,000
-
9
Average number of employees
During the year the average number of employees was 9 (2022: 0).