2023-01-01 07765106 2023-12-31 07765106 2023-01-01 2023-12-31 07765106 2022-12-31 07765106 2022-01-01 2022-12-31 07765106 uk-core:WithinOneYear 2022-12-31 07765106 uk-core:WithinOneYear 2023-12-31 07765106 uk-core:ShareCapital 2023-12-31 07765106 uk-core:ShareCapital 2022-12-31 07765106 uk-core:RetainedEarningsAccumulatedLosses 2023-12-31 07765106 uk-core:RetainedEarningsAccumulatedLosses 2022-12-31 07765106 uk-bus:Director1 2023-01-01 2023-12-31 07765106 uk-core:CommercialMotorVehicles 2023-01-01 2023-12-31 07765106 uk-core:WithinOneYear 2023-12-31 07765106 uk-core:WithinOneYear 2022-12-31 iso4217:GBP xbrli:pure 07765106 uk-bus:AuditExemptWithAccountantsReport 2023-01-01 2023-12-31 07765106 uk-bus:FRS102 2023-01-01 2023-12-31 07765106 uk-bus:FilletedAccounts 2023-01-01 2023-12-31 07765106 uk-bus:PrivateLimitedCompanyLtd 2023-01-01 2023-12-31
Park Decorating Ltd
Registered Number:07765106
For the year ended 31 December 2023
England and Wales
Unaudited Financial Statements
2
For the year ended 31 December 2023
Park Decorating Ltd
Contents Page
1
Statement of Financial Position
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Notes to the Financial Statements
3
Registered Number :
07765106
As at 31 December 2023
Park Decorating Ltd
Statement of Financial Position
£
£
2022
2023
Notes
Fixed assets
Property, plant and equipment
586
781
2
586
781
Current assets
Trade and other receivables
458
1,030
3
4,745
Cash and cash equivalents
2,557
3,587
5,203
Trade and other payables: amounts falling due within one year
(5,675)
(4,023)
4
(472)
(436)
Net current liabilities
Total assets less current liabilities
150
309
150
Net assets
309
Capital and reserves
Called up share capital
100
100
Retained earnings
50
209
150
309
Shareholders' funds
For the year ended 31 December 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 of its financial statements for the year ended 31 December 2023 in accordance with Section 476 of the Companies Act 2006
The director acknowledges his 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.
Mr Lawrence Stephen Park Director
These financial statements were approved and authorised for issue by the Board on 21 March 2024 and were signed by:
The notes form part of these financial statements
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4
For the year ended 31 December 2023
Park Decorating Ltd
Notes to the Financial Statements
Statutory Information
Park Decorating Ltd is a private limited company, limited by shares, domiciled in England and Wales, registration number 07765106.
Principal place of business:
Flat 306
The Metropole
The Leas, Folkestone
Kent
CT20 2LU
Registered address:
3 Conqueror Court
Sittingbourne
Kent
ME10 5BH
The presentation currency is £ sterling.
1. Accounting policies
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:
25% Reducing balance
Motor vehicles
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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5
For the year ended 31 December 2023
Park Decorating Ltd
Notes to the Financial Statements Continued
2. Property, plant and equipment
Motor vehicles
£
Cost or valuation
At 01 January 2023
10,397
At 31 December 2023
10,397
Provision for depreciation and impairment
At 01 January 2023
9,616
Charge for year
195
At 31 December 2023
9,811
At 31 December 2023
Net book value
586
At 31 December 2022
781
3. Trade and other receivables
2022
2023
£
£
Trade debtors
100
-
Other debtors
930
458
458
1,030
4. Trade and other payables: amounts falling due within one year
2022
2023
£
£
Bank loans and overdraft
2,581
3,517
Trade creditors
120
388
Taxation and social security
1,322
1,770
4,023
5,675
5. Average number of persons employed
During the year the average number of employees was 1 (2022 : 1)
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