Registered number
06784587
Large Parasols Limited
Filleted Accounts
31 May 2023
Large Parasols Limited
Registered number: 06784587
Balance Sheet
as at 31 May 2023
Notes 2023 2022
£ £
Current assets
Debtors 4 6,440 15,931
Cash at bank and in hand 72,564 131,099
79,004 147,030
Creditors: amounts falling due within one year 5 (2,164) (49,692)
Net current assets 76,840 97,338
Net assets 76,840 97,338
Capital and reserves
Called up share capital 1 1
Profit and loss account 76,839 97,337
Shareholder's funds 76,840 97,338
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Paul Le Blanc Smith
Director
Approved by the board on 31 January 2024
Large Parasols Limited
Notes to the Accounts
for the year ended 31 May 2023
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover represents the value, net of value added tax and discounts, of goods provided to customers and work carried out in respect of services provided to customers.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Plant and machinery 33.33% straight line
Stocks
Stock is valued at the lower of cost and net realisable value.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Foreign currency translation
Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.
2 Employees 2023 2022
Number Number
Average number of persons employed by the company 1 1
3 Tangible fixed assets
Plant and machinery etc
£
Cost
At 1 June 2022 3,836
At 31 May 2023 3,836
Depreciation
At 1 June 2022 3,836
At 31 May 2023 3,836
Net book value
At 31 May 2023 -
4 Debtors 2023 2022
£ £
Trade debtors - 1,332
Other debtors 6,440 14,599
6,440 15,931
5 Creditors: amounts falling due within one year 2023 2022
£ £
Trade creditors - 31,111
Other taxes and social security costs 285 15,710
Other creditors 1,879 2,871
2,164 49,692
6 Share capital Nominal 2023 2023 2022
value Number £ £
Ordinary shares £1 each 1 1 1
7 Related party transactions
The company received a share of the partnership income of Andrew Smith International amounting to £3,512 (2022: £11,671) during the period. The amount outstanding to the company from Andrew Smith International at the year end was £6,440.
8 Controlling party
The company is controlled by the director, Mr. Paul Le Blanc Smith.
9 Other information
Large Parasols Limited is a private company limited by shares and incorporated in England. Its registered office is:
Greenmantle,
Epsom Road,
West Horsley,
Surrey,
KT24 6AP.
Large Parasols Limited 06784587 false 2022-06-01 2023-05-31 2023-05-31 VT Final Accounts October 2023 release 2 Paul Le Blanc Smith No description of principal activity 06784587 2021-06-01 2022-05-31 06784587 core:WithinOneYear 2022-05-31 06784587 core:ShareCapital 2022-05-31 06784587 core:RetainedEarningsAccumulatedLosses 2022-05-31 06784587 core:AfterOneYear 2022-05-31 06784587 2022-06-01 2023-05-31 06784587 bus:PrivateLimitedCompanyLtd 2022-06-01 2023-05-31 06784587 bus:AuditExemptWithAccountantsReport 2022-06-01 2023-05-31 06784587 bus:Director40 2022-06-01 2023-05-31 06784587 countries:England 2022-06-01 2023-05-31 06784587 bus:FRS102 2022-06-01 2023-05-31 06784587 bus:FullAccounts 2022-06-01 2023-05-31 06784587 2023-05-31 06784587 core:WithinOneYear 2023-05-31 06784587 core:ShareCapital 2023-05-31 06784587 core:RetainedEarningsAccumulatedLosses 2023-05-31 06784587 core:PlantMachinery 2023-05-31 06784587 core:AfterOneYear 2023-05-31 06784587 2022-05-31 06784587 core:PlantMachinery 2022-05-31 iso4217:GBP xbrli:pure