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Company Registration No. 11023472 (England and Wales)
PARKSIDE MOTORS & RECOVERY LTD Unaudited accounts for the year ended 31 October 2023
PARKSIDE MOTORS & RECOVERY LTD Unaudited accounts Contents
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PARKSIDE MOTORS & RECOVERY LTD Company Information for the year ended 31 October 2023
Director
MUHAMMAD KAMAR
Company Number
11023472 (England and Wales)
Registered Office
110 PARKSIDE ROAD BRADFORD BD5 8EH ENGLAND
Accountants
AK ACCOUNTANTS 562-564 MANCHESTER ROAD BRADFORD WEST YORKSHIRE BD5 7LR
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PARKSIDE MOTORS & RECOVERY LTD Statement of financial position as at 31 October 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
21,853 
14,817 
Current assets
Debtors
4,994 
- 
Cash at bank and in hand
17,100 
27,665 
22,094 
27,665 
Creditors: amounts falling due within one year
(23,155)
(23,765)
Net current (liabilities)/assets
(1,061)
3,900 
Net assets
20,792 
18,717 
Capital and reserves
Called up share capital
1 
1 
Profit and loss account
20,791 
18,716 
Shareholders' funds
20,792 
18,717 
For the year ending 31 October 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 director acknowledges his 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 24 July 2024 and were signed on its behalf by
MUHAMMAD KAMAR Director Company Registration No. 11023472
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PARKSIDE MOTORS & RECOVERY LTD Notes to the Accounts for the year ended 31 October 2023
1
Statutory information
PARKSIDE MOTORS & RECOVERY LTD is a private company, limited by shares, registered in England and Wales, registration number 11023472. The registered office is 110 PARKSIDE ROAD, BRADFORD, BD5 8EH, ENGLAND.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
4
Tangible fixed assets
Motor vehicles 
Fixtures & fittings 
Computer equipment 
Total 
£ 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At cost 
At 1 November 2022
30,000 
1,340 
489 
31,829 
Additions
12,500 
- 
- 
12,500 
At 31 October 2023
42,500 
1,340 
489 
44,329 
Depreciation
At 1 November 2022
16,022 
814 
176 
17,012 
Charge for the year
5,296 
105 
63 
5,464 
At 31 October 2023
21,318 
919 
239 
22,476 
Net book value
At 31 October 2023
21,182 
421 
250 
21,853 
At 31 October 2022
13,978 
526 
313 
14,817 
5
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
Accrued income and prepayments
4,994 
- 
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PARKSIDE MOTORS & RECOVERY LTD Notes to the Accounts for the year ended 31 October 2023
6
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
Taxes and social security
1,762 
2,538 
Other creditors
2,634 
- 
Loans from directors
17,759 
20,227 
Accruals
1,000 
1,000 
23,155 
23,765 
7
Average number of employees
During the year the average number of employees was 2 (2022: 2).
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