Acorah Software Products - Accounts Production 14.5.601 false true 31 January 2023 1 February 2022 false 1 February 2023 31 January 2024 31 January 2024 03147633 Mr Neil Wiggett Mr Robert Wiggett Ms Louise Wiggett iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 03147633 2023-01-31 03147633 2024-01-31 03147633 2023-02-01 2024-01-31 03147633 frs-core:CurrentFinancialInstruments 2024-01-31 03147633 frs-core:ComputerEquipment 2024-01-31 03147633 frs-core:ComputerEquipment 2023-02-01 2024-01-31 03147633 frs-core:ComputerEquipment 2023-01-31 03147633 frs-core:FurnitureFittings 2024-01-31 03147633 frs-core:FurnitureFittings 2023-02-01 2024-01-31 03147633 frs-core:FurnitureFittings 2023-01-31 03147633 frs-core:PlantMachinery 2024-01-31 03147633 frs-core:PlantMachinery 2023-02-01 2024-01-31 03147633 frs-core:PlantMachinery 2023-01-31 03147633 frs-core:ShareCapital 2024-01-31 03147633 frs-core:RetainedEarningsAccumulatedLosses 2024-01-31 03147633 frs-bus:PrivateLimitedCompanyLtd 2023-02-01 2024-01-31 03147633 frs-bus:FilletedAccounts 2023-02-01 2024-01-31 03147633 frs-bus:SmallEntities 2023-02-01 2024-01-31 03147633 frs-bus:AuditExempt-NoAccountantsReport 2023-02-01 2024-01-31 03147633 frs-bus:SmallCompaniesRegimeForAccounts 2023-02-01 2024-01-31 03147633 frs-bus:Director1 2023-02-01 2024-01-31 03147633 frs-bus:Director2 2023-02-01 2024-01-31 03147633 frs-bus:CompanySecretary1 2023-02-01 2024-01-31 03147633 frs-countries:EnglandWales 2023-02-01 2024-01-31 03147633 2022-01-31 03147633 2023-01-31 03147633 2022-02-01 2023-01-31 03147633 frs-core:CurrentFinancialInstruments 2023-01-31 03147633 frs-core:ShareCapital 2023-01-31 03147633 frs-core:RetainedEarningsAccumulatedLosses 2023-01-31
Registered number: 03147633
Park Row Garage Limited
Unaudited Financial Statements
For The Year Ended 31 January 2024
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 03147633
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 32,060 37,619
32,060 37,619
CURRENT ASSETS
Stocks 5 553 526
Debtors 6 4,886 6,341
Cash at bank and in hand 79,994 44,615
85,433 51,482
Creditors: Amounts Falling Due Within One Year 7 (30,852 ) (10,861 )
NET CURRENT ASSETS (LIABILITIES) 54,581 40,621
TOTAL ASSETS LESS CURRENT LIABILITIES 86,641 78,240
PROVISIONS FOR LIABILITIES
Deferred Taxation (6,733 ) (7,148 )
NET ASSETS 79,908 71,092
CAPITAL AND RESERVES
Called up share capital 8 100 100
Profit and Loss Account 79,808 70,992
SHAREHOLDERS' FUNDS 79,908 71,092
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For the year ending 31 January 2024 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 directors acknowledge their 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.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr Neil Wiggett
Director
16/04/2024
The notes on pages 3 to 5 form part of these financial statements.
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Notes to the Financial Statements
1. General Information
Park Row Garage Limited is a private company, limited by shares, incorporated in England & Wales, registered number 03147633 . The registered office is The Garage, Hoskins Street, Greenwich, London, SE10 9PB.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Plant & Machinery 15% WDV
Fixtures & Fittings 15% WDV
Computer Equipment 15% WDV
2.4. Stocks and Work in Progress
Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.
2.5. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance
sheet date.
Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from
those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that
have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the
timing difference.
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.
Current or deferred tax for the year is recognised in profit or loss, except when they related to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also recognised in other comprehensive income or directly in equity respectively.
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3. Average Number of Employees
Average number of employees, including directors, during the year was: 5 (2023: 4)
5 4
4. Tangible Assets
Plant & Machinery Fixtures & Fittings Computer Equipment Total
£ £ £ £
Cost
As at 1 February 2023 93,934 11,977 1,981 107,892
Additions - - 100 100
As at 31 January 2024 93,934 11,977 2,081 107,992
Depreciation
As at 1 February 2023 58,310 10,847 1,116 70,273
Provided during the period 5,345 169 145 5,659
As at 31 January 2024 63,655 11,016 1,261 75,932
Net Book Value
As at 31 January 2024 30,279 961 820 32,060
As at 1 February 2023 35,624 1,130 865 37,619
5. Stocks
2024 2023
£ £
Stock 553 526
6. Debtors
2024 2023
£ £
Due within one year
Trade debtors 4,886 4,122
Other debtors - 2,219
4,886 6,341
7. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 9,167 5,495
Other creditors 1,581 429
Taxation and social security 20,104 4,937
30,852 10,861
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8. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 100 100
9. Related Party Transactions
Included in the Other Creditors is an amount owed to the company directors Mr N Wiggett & Mr R Wiggett totalling £976 (2023 - £73), no interest is to be charged.
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