1 August 2022 false No description of principal activity Taxfiler 2023.14 SC362525business:PrivateLimitedCompanyLtd2022-08-012023-07-31 SC3625252022-07-31 SC3625252022-08-012023-07-31 SC362525business:AuditExemptWithAccountantsReport2022-08-012023-07-31 SC362525business:FilletedAccounts2022-08-012023-07-31 SC3625252023-07-31 SC362525business:Director12022-08-012023-07-31 SC362525business:RegisteredOffice2022-08-012023-07-31 SC3625252022-07-31 SC362525core:WithinOneYear2023-07-31 SC362525core:WithinOneYear2022-07-31 SC362525core:AfterOneYear2023-07-31 SC362525core:AfterOneYear2022-07-31 SC362525core:ShareCapitalcore:PreviouslyStatedAmount2023-07-31 SC362525core:ShareCapitalcore:PreviouslyStatedAmount2022-07-31 SC362525core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2023-07-31 SC362525core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2022-07-31 SC362525core:PreviouslyStatedAmount2023-07-31 SC362525core:PreviouslyStatedAmount2022-07-31 SC362525business:SmallEntities2022-08-012023-07-31 SC362525countries:Scotland2022-08-012023-07-31 SC362525core:MotorVehicles2022-08-012023-07-31 SC362525core:PlantMachinery2022-07-31 SC362525core:PlantMachinery2022-08-012023-07-31 SC362525core:PlantMachinery2023-07-31 SC3625252021-08-012022-07-31 iso4217:GBP xbrli:pure
Company Registration No. SC362525 (Scotland)
Park Plumbing & Heating Ltd Unaudited accounts for the year ended 31 July 2023
Park Plumbing & Heating Ltd Unaudited accounts Contents
Page
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Park Plumbing & Heating Ltd Company Information for the year ended 31 July 2023
Director
Steven R Park
Company Number
SC362525 (Scotland)
Registered Office
17 Pitheavlis Terrace Perth Perthshire PH2 0JZ United Kingdom
Accountants
Fraser + Accountants 3 Barossa Place Perth Perthshire PH1 5HG
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Park Plumbing & Heating Ltd Statement of financial position as at 31 July 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
71,498 
60,247 
Current assets
Inventories
110,000 
120,000 
Debtors
83,213 
118,141 
Cash at bank and in hand
117,272 
154,715 
310,485 
392,856 
Creditors: amounts falling due within one year
(78,596)
(162,739)
Net current assets
231,889 
230,117 
Total assets less current liabilities
303,387 
290,364 
Creditors: amounts falling due after more than one year
(6,011)
(13,100)
Provisions for liabilities
Deferred tax
(11,447)
(11,447)
Net assets
285,929 
265,817 
Capital and reserves
Called up share capital
1 
1 
Profit and loss account
285,928 
265,816 
Shareholders' funds
285,929 
265,817 
For the year ending 31 July 2023 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 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 19 December 2023 and were signed on its behalf by
Steven R Park Director Company Registration No. SC362525
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Park Plumbing & Heating Ltd Notes to the Accounts for the year ended 31 July 2023
1
Statutory information
Park Plumbing & Heating Ltd is a private company, limited by shares, registered in Scotland, registration number SC362525. The registered office is 17 Pitheavlis Terrace , Perth, Perthshire, PH2 0JZ, 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.
3
Accounting policies
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.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
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:
Motor vehicles
20% - 25% reducing balance
4
Tangible fixed assets
Plant & machinery 
£ 
Cost or valuation
At cost 
At 1 August 2022
119,490 
Additions
26,875 
At 31 July 2023
146,365 
Depreciation
At 1 August 2022
59,243 
Charge for the year
15,624 
At 31 July 2023
74,867 
Net book value
At 31 July 2023
71,498 
At 31 July 2022
60,247 
5
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
VAT
18,080 
12,505 
Trade debtors
65,133 
105,636 
83,213 
118,141 
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Park Plumbing & Heating Ltd Notes to the Accounts for the year ended 31 July 2023
6
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
Obligations under finance leases and hire purchase contracts
7,089 
6,955 
Trade creditors
63,378 
143,717 
Taxes and social security
4,879 
4,001 
Other creditors
1,250 
1,250 
Loans from directors
2,000 
6,816 
78,596 
162,739 
7
Creditors: amounts falling due after more than one year
2023 
2022 
£ 
£ 
Obligations under finance leases and hire purchase contracts
6,011 
13,100 
8
Average number of employees
During the year the average number of employees was 0 (2022: 0).
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