Acorah Software Products - Accounts Production 15.0.400 false true 31 October 2022 13 October 2021 false 1 November 2022 31 October 2023 31 October 2023 13677131 Mr Kofi Owusu iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 13677131 2022-10-31 13677131 2023-10-31 13677131 2022-11-01 2023-10-31 13677131 frs-core:CurrentFinancialInstruments 2023-10-31 13677131 frs-core:ShareCapital 2023-10-31 13677131 frs-core:RetainedEarningsAccumulatedLosses 2023-10-31 13677131 frs-bus:PrivateLimitedCompanyLtd 2022-11-01 2023-10-31 13677131 frs-bus:FilletedAccounts 2022-11-01 2023-10-31 13677131 frs-bus:SmallEntities 2022-11-01 2023-10-31 13677131 frs-bus:AuditExempt-NoAccountantsReport 2022-11-01 2023-10-31 13677131 frs-bus:SmallCompaniesRegimeForAccounts 2022-11-01 2023-10-31 13677131 frs-bus:Director1 2022-11-01 2023-10-31 13677131 frs-bus:Director1 2022-10-31 13677131 frs-bus:Director1 2023-10-31 13677131 frs-countries:EnglandWales 2022-11-01 2023-10-31 13677131 2021-10-12 13677131 2022-10-31 13677131 2021-10-13 2022-10-31 13677131 frs-core:CurrentFinancialInstruments 2022-10-31 13677131 frs-core:ShareCapital 2022-10-31 13677131 frs-core:RetainedEarningsAccumulatedLosses 2022-10-31
Registered number: 13677131
Parkside Associates Limited
Unaudited Financial Statements
For The Year Ended 31 October 2023
Contents
Page
Balance Sheet 1
Notes to the Financial Statements 2
Page 1
Balance Sheet
Registered number: 13677131
31 October 2023 31 October 2022
Notes £ £ £ £
Creditors: Amounts Falling Due Within One Year 4 (9,993 ) (3,701 )
NET CURRENT ASSETS (LIABILITIES) (9,993 ) (3,701 )
TOTAL ASSETS LESS CURRENT LIABILITIES (9,993 ) (3,701 )
NET LIABILITIES (9,993 ) (3,701 )
CAPITAL AND RESERVES
Called up share capital 5 100 100
Profit and Loss Account (10,093 ) (3,801 )
SHAREHOLDERS' FUNDS (9,993) (3,701)
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 member has 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.
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.
On behalf of the board
Mr Kofi Owusu
Director
26/07/2024
The notes on page 2 form part of these financial statements.
Page 1
Page 2
Notes to the Financial Statements
1. General Information
Parkside Associates Limited is a private company, limited by shares, incorporated in England & Wales, registered number 13677131 . The registered office is 51, St Mary's Road, Tonbridge , TN9 2LE.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 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. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
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. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 1 (2022: 1)
1 1
4. Creditors: Amounts Falling Due Within One Year
31 October 2023 31 October 2022
£ £
Director's loan account 9,993 3,701
5. Share Capital
31 October 2023 31 October 2022
£ £
Allotted, Called up and fully paid 100 100
6. Directors Advances, Credits and Guarantees
Included within Debtors are the following loans to directors:
As at 1 November 2022 Amounts advanced Amounts repaid Amounts written off As at 31 October 2023
£ £ £ £ £
Mr Kofi Owusu 3,701 (11,378 ) 17,670 - (9,993 )
The above loan is unsecured, interest free and repayable on demand.
Page 2