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REGISTERED NUMBER: 07709128 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 July 2023

for

Park and Leisure Ltd

Park and Leisure Ltd (Registered number: 07709128)






Contents of the Financial Statements
for the Year Ended 31 July 2023




Page

Company Information 1

Abridged Statement of Financial Position 2

Notes to the Financial Statements 4


Park and Leisure Ltd

Company Information
for the Year Ended 31 July 2023







DIRECTOR: BJ Smith





REGISTERED OFFICE: 11 Ailwin Road
Bury St Edmunds
Suffolk
IP32 7DS





REGISTERED NUMBER: 07709128 (England and Wales)





ACCOUNTANTS: ALS Accountancy Services
Rivendell
Church Road
Battisford
Stowmarket
Suffolk
IP14 2HE

Park and Leisure Ltd (Registered number: 07709128)

Abridged Statement of Financial Position
31 July 2023

31.7.23 31.7.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 8,433 9,086

CURRENT ASSETS
Stocks 63,614 73,647
Debtors 51,975 31,213
Cash at bank 377,085 213,575
492,674 318,435
CREDITORS
Amounts falling due within one year 171,246 69,904
NET CURRENT ASSETS 321,428 248,531
TOTAL ASSETS LESS CURRENT
LIABILITIES

329,861

257,617

CREDITORS
Amounts falling due after more than one
year

(11,500

)

(17,500

)

PROVISIONS FOR LIABILITIES (2,108 ) (1,726 )
NET ASSETS 316,253 238,391

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 316,153 238,291
SHAREHOLDERS' FUNDS 316,253 238,391

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 July 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:
(a)ensuring that the company keeps 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 Sections 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.

Park and Leisure Ltd (Registered number: 07709128)

Abridged Statement of Financial Position - continued
31 July 2023


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

All the members have consented to the preparation of an abridged Income Statement and an abridged Statement of Financial Position for the year ended 31 July 2023 in accordance with Section 444(2A) of the Companies Act 2006.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 12 April 2024 and were signed by:





BJ Smith - Director


Park and Leisure Ltd (Registered number: 07709128)

Notes to the Financial Statements
for the Year Ended 31 July 2023

1. STATUTORY INFORMATION

Park and Leisure Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 10% on reducing balance

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2022 - 4 ) .

Park and Leisure Ltd (Registered number: 07709128)

Notes to the Financial Statements - continued
for the Year Ended 31 July 2023

4. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 August 2022 14,548
Additions 283
At 31 July 2023 14,831
DEPRECIATION
At 1 August 2022 5,462
Charge for year 936
At 31 July 2023 6,398
NET BOOK VALUE
At 31 July 2023 8,433
At 31 July 2022 9,086