2022-09-01 NI647339 2023-08-31 NI647339 2022-09-01 2023-08-31 NI647339 2022-08-31 NI647339 2021-09-01 2022-08-31 NI647339 uk-core:WithinOneYear 2022-08-31 NI647339 uk-core:WithinOneYear 2023-08-31 NI647339 uk-core:AfterOneYear 2022-08-31 NI647339 uk-core:AfterOneYear 2023-08-31 NI647339 uk-core:ShareCapital 2023-08-31 NI647339 uk-core:ShareCapital 2022-08-31 NI647339 uk-core:SharePremium 2023-08-31 NI647339 uk-core:SharePremium 2022-08-31 NI647339 uk-core:RetainedEarningsAccumulatedLosses 2023-08-31 NI647339 uk-core:RetainedEarningsAccumulatedLosses 2022-08-31 NI647339 uk-bus:Director1 2022-09-01 2023-08-31 NI647339 uk-core:PlantMachinery 2022-09-01 2023-08-31 NI647339 uk-core:Goodwill 2022-08-31 NI647339 uk-core:Goodwill 2023-08-31 NI647339 uk-core:Goodwill 2022-09-01 2023-08-31 NI647339 uk-core:WithinOneYear 2023-08-31 NI647339 uk-core:WithinOneYear 2022-08-31 iso4217:GBP xbrli:pure NI647339 uk-bus:AuditExemptWithAccountantsReport 2022-09-01 2023-08-31 NI647339 uk-bus:FRS102 2022-09-01 2023-08-31 NI647339 uk-bus:FilletedAccounts 2022-09-01 2023-08-31 NI647339 uk-bus:PrivateLimitedCompanyLtd 2022-09-01 2023-08-31
W Park & Son Limited
Registered Number:NI647339
For the year ended 31 August 2023
Northern Ireland
Unaudited Financial Statements
2
For the year ended 31 August 2023
W Park & Son Limited
Contents Page
1
Statement of Financial Position
2 to 5
Notes to the Financial Statements
3
Registered Number :
NI647339
As at 31 August 2023
W Park & Son Limited
Statement of Financial Position
£
£
2022
2023
Notes
Fixed assets
Intangible assets
14,400
16,800
2
Property, plant and equipment
34,062
37,847
3
48,462
54,647
Current assets
Inventories
274,415
48,240
4
Trade and other receivables
11,234
-
5
11,289
Cash and cash equivalents
139,925
188,165
296,938
Trade and other payables: amounts falling due within one
year
(183,729)
(82,162)
6
113,209
106,003
Net current assets
Total assets less current liabilities
154,465
167,856
Trade and other payables: amounts falling due after more
than one year
(100,000)
(100,000)
7
54,465
Net assets
67,856
Capital and reserves
Called up share capital
323
323
Share premium account
10,000
10,000
Retained earnings
44,142
57,533
54,465
67,856
Shareholders' funds
For the year ended 31 August 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 August 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.
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4
Registered Number :
NI647339
For the year ended 31 August 2023
W Park & Son Limited
Statement of Financial Position Continued
Mr Wilfred Park Director
These financial statements were approved and authorised for issue by the Board on 01 May 2024 and were signed by:
The notes form part of these financial statements
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5
For the year ended 31 August 2023
W Park & Son Limited
Notes to the Financial Statements
Statutory Information
W Park & Son Limited is a private limited company, limited by shares, domiciled in Northern Ireland, registration
number NI647339.
Registered address:
20 Markethill Road
Newtownhamilton
Newry
BT35 0BE
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 is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax or other similar sales taxes.
Property, plant and equipment
Property, plant and equipment, 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:
Plant and Machinery
10% Reducing balance
Government grants
Government grants received are credited to deferred income. Grants towards capital expenditure are released to the profit and loss account over the expected useful life of the assets. Grants received towards revenue expenditure are released to the profit and loss account as the related expenditure is incurred.
Inventories
Inventories are value at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.
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6
For the year ended 31 August 2023
W Park & Son Limited
Notes to the Financial Statements Continued
2. Intangible fixed assets
Goodwill
Cost or valuation
£
At 01 September 2022
24,000
At 31 August 2023
24,000
Amortisation
At 01 September 2022
7,200
2,400
Charge for year
At 31 August 2023
9,600
Net book value
At 31 August 2023
14,400
At 31 August 2022
16,800
3. Property, plant and equipment
Plant and
Machinery
£
Cost or
valuation
At 01 September 2022
48,772
At 31 August 2023
48,772
Provision for depreciation and impairment
At 01 September 2022
10,925
Charge for year
3,785
At 31 August 2023
14,710
At 31 August 2023
Net book value
34,062
At 31 August 2022
37,847
4. Inventories
2022
2023
£
£
Stocks
48,240
274,415
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7
For the year ended 31 August 2023
W Park & Son Limited
Notes to the Financial Statements Continued
5. Trade and other receivables
2022
2023
£
£
Trade debtors
-
9,986
Other debtors
-
1,248
11,234
-
6. Trade and other payables: amounts falling due within one year
2022
2023
£
£
Bank loans and overdraft
-
39,453
Trade creditors
9,640
8,249
Taxation and social security
6,976
8,278
Other creditors
65,546
127,749
82,162
183,729
7. Trade and other payables: amounts falling due after more than one year
2022
2023
£
£
Other creditors
100,000
100,000
8. Average number of persons employed
During the year the average number of employees was 4 (2022 : 4)
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