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Registered number: 07739185
Parklands Services (NW) Ltd
Unaudited ABRIDGED Financial Statements
For The Year Ended 31 December 2023
Contents
Page
Abridged Balance Sheet 1—2
Notes to the Abridged Financial Statements 3—4
Page 1
Abridged Balance Sheet
Registered number: 07739185
31 December 2023 31 December 2022
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 5 450,612 350,326
450,612 350,326
CURRENT ASSETS
Stocks 101,354 147,903
Debtors 558,640 598,020
Cash at bank and in hand 778,952 406,580
1,438,946 1,152,503
Creditors: Amounts Falling Due Within One Year (863,548 ) (630,255 )
NET CURRENT ASSETS (LIABILITIES) 575,398 522,248
TOTAL ASSETS LESS CURRENT LIABILITIES 1,026,010 872,574
Creditors: Amounts Falling Due After More Than One Year (284,905 ) (242,656 )
NET ASSETS 741,105 629,918
CAPITAL AND RESERVES
Called up share capital 6 3 3
Profit and Loss Account 741,102 629,915
SHAREHOLDERS' FUNDS 741,105 629,918
Page 1
Page 2
For the year ending 31 December 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 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.
All of the company's members have consented to the preparation of an Abridged Profit and Loss Account and an Abridged Balance Sheet for the year end 31 December 2023 in accordance with section 444(2A) of the Companies Act 2006.
On behalf of the board
S J Edwards
Director
29 July 2024
The notes on pages 3 to 4 form part of these financial statements.
Page 2
Page 3
Notes to the Abridged Financial Statements
1. General Information
Parklands Services (NW) Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 07739185 . The registered office is Unit 4, Richard Street, Wigan, Lancashire, WN3 4JN.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements are prepared under the historical cost convention and in accordance with the FRS 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.
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% on reducing balance
Motor Vehicles 25% on reducing balance
Computer Equipment 33% on reducing balance
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.
2.5. Taxation
Income tax expense represents the sum of the tax currently payable.
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 year and items that are never taxable or deductible
3. Average Number of Employees
Average number of employees, including directors, during the year was: 33 (2022: 30)
33 30
4. Intangible Assets
Total
£
Cost
As at 1 January 2023 9,000
As at 31 December 2023 9,000
Amortisation
As at 1 January 2023 9,000
As at 31 December 2023 9,000
Net Book Value
As at 31 December 2023 -
As at 1 January 2023 -
Page 3
Page 4
5. Tangible Assets
Total
£
Cost
As at 1 January 2023 646,908
Additions 213,131
Disposals (16,000 )
As at 31 December 2023 844,039
Depreciation
As at 1 January 2023 296,582
Provided during the period 107,470
Disposals (10,625 )
As at 31 December 2023 393,427
Net Book Value
As at 31 December 2023 450,612
As at 1 January 2023 350,326
6. Share Capital
31 December 2023 31 December 2022
£ £
Allotted, Called up and fully paid 3 3
Page 4