Registered number
14233781
Parkwood Hand Car Wash Ltd
Filleted Accounts
31 July 2023
Parkwood Hand Car Wash Ltd
Registered number: 14233781
Balance Sheet
as at 31 July 2023
Notes 2023
£
Current assets
Debtors 3 1,343
Cash at bank and in hand 3,679
5,022
Creditors: amounts falling due within one year 4 (1,340)
Net current assets 3,682
Total assets less current liabilities 3,682
Net assets 3,682
Capital and reserves
Called up share capital 100
Profit and loss account 3,582
Shareholder's funds 3,682
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.
Mirian Gashi
Director
Approved by the board on 5 April 2024
Parkwood Hand Car Wash Ltd
Notes to the Accounts
for the year ended 31 July 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 is measured at the fair value of the consideration received or receivable, net of discounts. Turnover includes revenue earned the rendering of services. 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.
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.
Debtors
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.
Creditors
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.
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. Unrelieved tax losses are recognised only to the extent that it is probable that they will be recovered against other future taxable profits. Current tax assets and liabilities are not discounted.
Pensions
Contributions to defined contribution plans are expensed in the period to which they relate.
2 Employees 2023
Number
Average number of persons employed by the company 5
3 Debtors 2023
£
Taxation and social security costs 43
Other debtors 1,300
1,343
4 Creditors: amounts falling due within one year 2023
£
Other creditors 500
1,340
5 Other information
Parkwood Hand Car Wash Ltd is a private company limited by shares and incorporated in England. Its registered office is:
50a Clifford Way
Maidstone
Kent
ME16 8GD
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