2022-08-012023-07-312023-07-31false04926410PARKWAY CAR SALES LTD2024-01-2245111iso4217:GBPxbrli:pure049264102022-08-01049264102023-07-31049264102022-08-012023-07-31049264102021-08-01049264102022-07-31049264102021-08-012022-07-3104926410bus:SmallEntities2022-08-012023-07-3104926410bus:AuditExempt-NoAccountantsReport2022-08-012023-07-3104926410bus:FullAccounts2022-08-012023-07-3104926410bus:PrivateLimitedCompanyLtd2022-08-012023-07-3104926410core:WithinOneYear2023-07-3104926410core:AfterOneYear2023-07-3104926410core:WithinOneYear2022-07-3104926410core:AfterOneYear2022-07-3104926410core:ShareCapital2023-07-3104926410core:SharePremium2023-07-3104926410core:RevaluationReserve2023-07-3104926410core:OtherReservesSubtotal2023-07-3104926410core:RetainedEarningsAccumulatedLosses2023-07-3104926410core:ShareCapital2022-07-3104926410core:SharePremium2022-07-3104926410core:RevaluationReserve2022-07-3104926410core:OtherReservesSubtotal2022-07-3104926410core:RetainedEarningsAccumulatedLosses2022-07-3104926410core:LandBuildings2023-07-3104926410core:PlantMachinery2023-07-3104926410core:Vehicles2023-07-3104926410core:FurnitureFittings2023-07-3104926410core:OfficeEquipment2023-07-3104926410core:NetGoodwill2023-07-3104926410core:IntangibleAssetsOtherThanGoodwill2023-07-3104926410core:ListedExchangeTraded2023-07-3104926410core:UnlistedNon-exchangeTraded2023-07-3104926410core:LandBuildings2022-07-3104926410core:PlantMachinery2022-07-3104926410core:Vehicles2022-07-3104926410core:FurnitureFittings2022-07-3104926410core:OfficeEquipment2022-07-3104926410core:NetGoodwill2022-07-3104926410core:IntangibleAssetsOtherThanGoodwill2022-07-3104926410core:ListedExchangeTraded2022-07-3104926410core:UnlistedNon-exchangeTraded2022-07-3104926410core:LandBuildings2022-08-012023-07-3104926410core:PlantMachinery2022-08-012023-07-3104926410core:Vehicles2022-08-012023-07-3104926410core:FurnitureFittings2022-08-012023-07-3104926410core:OfficeEquipment2022-08-012023-07-3104926410core:NetGoodwill2022-08-012023-07-3104926410core:IntangibleAssetsOtherThanGoodwill2022-08-012023-07-3104926410core:ListedExchangeTraded2022-08-012023-07-3104926410core:UnlistedNon-exchangeTraded2022-08-012023-07-3104926410core:MoreThanFiveYears2022-08-012023-07-3104926410core:Non-currentFinancialInstruments2023-07-3104926410core:Non-currentFinancialInstruments2022-07-3104926410dpl:CostSales2022-08-012023-07-3104926410dpl:DistributionCosts2022-08-012023-07-3104926410core:LandBuildings2022-08-012023-07-3104926410core:PlantMachinery2022-08-012023-07-3104926410core:Vehicles2022-08-012023-07-3104926410core:FurnitureFittings2022-08-012023-07-3104926410core:OfficeEquipment2022-08-012023-07-3104926410dpl:AdministrativeExpenses2022-08-012023-07-3104926410core:NetGoodwill2022-08-012023-07-3104926410core:IntangibleAssetsOtherThanGoodwill2022-08-012023-07-3104926410dpl:GroupUndertakings2022-08-012023-07-3104926410dpl:ParticipatingInterests2022-08-012023-07-3104926410dpl:GroupUndertakingscore:ListedExchangeTraded2022-08-012023-07-3104926410core:ListedExchangeTraded2022-08-012023-07-3104926410dpl:GroupUndertakingscore:UnlistedNon-exchangeTraded2022-08-012023-07-3104926410core:UnlistedNon-exchangeTraded2022-08-012023-07-3104926410dpl:CostSales2021-08-012022-07-3104926410dpl:DistributionCosts2021-08-012022-07-3104926410core:LandBuildings2021-08-012022-07-3104926410core:PlantMachinery2021-08-012022-07-3104926410core:Vehicles2021-08-012022-07-3104926410core:FurnitureFittings2021-08-012022-07-3104926410core:OfficeEquipment2021-08-012022-07-3104926410dpl:AdministrativeExpenses2021-08-012022-07-3104926410core:NetGoodwill2021-08-012022-07-3104926410core:IntangibleAssetsOtherThanGoodwill2021-08-012022-07-3104926410dpl:GroupUndertakings2021-08-012022-07-3104926410dpl:ParticipatingInterests2021-08-012022-07-3104926410dpl:GroupUndertakingscore:ListedExchangeTraded2021-08-012022-07-3104926410core:ListedExchangeTraded2021-08-012022-07-3104926410dpl:GroupUndertakingscore:UnlistedNon-exchangeTraded2021-08-012022-07-3104926410core:UnlistedNon-exchangeTraded2021-08-012022-07-3104926410core:NetGoodwill2023-07-3104926410core:IntangibleAssetsOtherThanGoodwill2023-07-3104926410core:LandBuildings2023-07-3104926410core:PlantMachinery2023-07-3104926410core:Vehicles2023-07-3104926410core:FurnitureFittings2023-07-3104926410core:OfficeEquipment2023-07-3104926410core:AfterOneYear2023-07-3104926410core:WithinOneYear2023-07-3104926410core:ListedExchangeTraded2023-07-3104926410core:UnlistedNon-exchangeTraded2023-07-3104926410core:ShareCapital2023-07-3104926410core:SharePremium2023-07-3104926410core:RevaluationReserve2023-07-3104926410core:OtherReservesSubtotal2023-07-3104926410core:RetainedEarningsAccumulatedLosses2023-07-3104926410core:NetGoodwill2022-07-3104926410core:IntangibleAssetsOtherThanGoodwill2022-07-3104926410core:LandBuildings2022-07-3104926410core:PlantMachinery2022-07-3104926410core:Vehicles2022-07-3104926410core:FurnitureFittings2022-07-3104926410core:OfficeEquipment2022-07-3104926410core:AfterOneYear2022-07-3104926410core:WithinOneYear2022-07-3104926410core:ListedExc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PARKWAY CAR SALES LTD

Registered Number
04926410
(England and Wales)

Unaudited Financial Statements for the Year ended
31 July 2023

PARKWAY CAR SALES LTD
Company Information
for the year from 1 August 2022 to 31 July 2023

Directors

NOBLE, Paul Phillip
NOBLE, Stuart David

Company Secretary

NOBLE, Stuart David

Registered Address

Parkway Car Sales
Southampton Road
Eastleigh
SO50 5QT

Registered Number

04926410 (England and Wales)
PARKWAY CAR SALES LTD
Balance Sheet as at
31 July 2023

Notes

2023

2022

£

£

£

£

Fixed assets
Tangible assets51,1781,189
1,1781,189
Current assets
Stocks7262,317353,116
Debtors897,341142,672
Cash at bank and on hand2,08319,373
361,741515,161
Prepayments and accrued income-4,405
Creditors amounts falling due within one year9(238,835)(164,074)
Net current assets (liabilities)122,906355,492
Total assets less current liabilities124,084356,681
Creditors amounts falling due after one year(91,667)(172,781)
Net assets32,417183,900
Capital and reserves
Called up share capital101100
Profit and loss account32,316183,800
Shareholders' funds32,417183,900
The financial statements were approved and authorised for issue by the Board of Directors on 22 January 2024, and are signed on its behalf by:
NOBLE, Paul Phillip
Director
Registered Company No. 04926410
PARKWAY CAR SALES LTD
Notes to the Financial Statements
for the year ended 31 July 2023

1.Statutory information
The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.
2.Compliance with applicable reporting framework
The financial statements have been prepared in compliance with FRS 102 Section 1A as it applies to the financial statements for the period and there were no material departures from the reporting standard.
3.Accounting policies
Property, plant and equipment policy
Tangible fixed assets are stated at cost or valuation less depreciation. Depreciation is provided on all tangible fixed assets as follows:

Reducing balance (%)Straight line (years)
Fixtures and fittings-5
Vehicles20-
Office Equipment-4
Stocks policy
Stocks are valued at the lower of cost and estimated selling price (less any associated costs to enable such sales to complete).
Revenue recognition policy
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Employee benefits policy
Contributions to defined contribution plans are expensed in the period to which they relate.
4.Employee information

20232022
Average number of employees during the year78
5.Property, plant and equipment

Vehicles

Fixtures & fittings

Office Equipment

Total

££££
Cost or valuation
At 01 August 223,5002,0006,54112,041
Additions--499499
At 31 July 233,5002,0007,04012,540
Depreciation and impairment
At 01 August 223,5002,0005,35210,852
Charge for year--510510
At 31 July 233,5002,0005,86211,362
Net book value
At 31 July 23--1,1781,178
At 31 July 22--1,1891,189
6.Directors advances, credits and guarantees

Brought forward

Amount advanced

Amount repaid

Carried forward

££££
NOBLE, Paul Phillip61,336188,322200,98848,670
NOBLE, Stuart David61,336188,322200,98848,670
122,672376,644401,97697,340
7.Stocks

2023

2022

££
Other stocks262,317353,116
Total262,317353,116
8.Debtors within one year

2023

2022

££
Trade debtors / trade receivables-20,000
Amounts owed by associates and joint ventures / participating interests97,341122,672
Total97,341142,672
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
9.Creditors within one year

2023

2022

££
Trade creditors / trade payables5,70610,149
Bank borrowings and overdrafts122,63660,000
Taxation and social security105,94386,805
Accrued liabilities and deferred income4,5507,120
Total238,835164,074
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.