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REGISTERED NUMBER: 12473963 (England and Wales)












UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2024

FOR

DARKSIDE PAINT AND BODY LIMITED

DARKSIDE PAINT AND BODY LIMITED (REGISTERED NUMBER: 12473963)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


DARKSIDE PAINT AND BODY LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2024







DIRECTORS: S Parkin
R Parkin





REGISTERED OFFICE: Unit 7 Carbon Court Springvale Road
Park Springs
Barnsley
South Yorkshire
S72 7FF





REGISTERED NUMBER: 12473963 (England and Wales)





ACCOUNTANTS: Gibson Booth Limited
12 Victoria Road
Barnsley
South Yorkshire
S70 2BB

DARKSIDE PAINT AND BODY LIMITED (REGISTERED NUMBER: 12473963)

BALANCE SHEET
31 MARCH 2024

31.3.24 31.3.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 8,812 7,409

CURRENT ASSETS
Debtors 5 49,865 22,609
Cash at bank and in hand 9,411 21,911
59,276 44,520
CREDITORS
Amounts falling due within one year 6 34,942 53,266
NET CURRENT ASSETS/(LIABILITIES) 24,334 (8,746 )
TOTAL ASSETS LESS CURRENT LIABILITIES 33,146 (1,337 )

PROVISIONS FOR LIABILITIES 1,258 -
NET ASSETS/(LIABILITIES) 31,888 (1,337 )

CAPITAL AND RESERVES
Called up share capital 8 100 100
Retained earnings 31,788 (1,437 )
SHAREHOLDERS' FUNDS 31,888 (1,337 )

DARKSIDE PAINT AND BODY LIMITED (REGISTERED NUMBER: 12473963)

BALANCE SHEET - continued
31 MARCH 2024


The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

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

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

The financial statements were approved by the Board of Directors and authorised for issue on 13 August 2024 and were signed on its behalf by:





S Parkin - Director


DARKSIDE PAINT AND BODY LIMITED (REGISTERED NUMBER: 12473963)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

1. STATUTORY INFORMATION

Darkside Paint And Body Limited 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.

The financial statements are presented in sterling which is the functional currency of the company and rounded to the nearest pound.

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.

Significant judgements and estimates
No judgements have been made in the process of applying the below accounting policies that have had the most significant effect on amounts recognised in the financial statements.

There are no key assumptions concerning the future and other key sources of estimation uncertainty at the reporting date that have a significant risk of causing material adjustment to the carrying amounts of assets and liabilities within the next financial year.

Turnover
Turnover from the sale vehicle repairs and bodywork is recognised when significant risks and rewards of ownership of the goods have transferred to the buyer, the amount of turnover can be measured reliably, it is probable that the economic benefits associated with the transaction will flow to the company and the costs incurred or to be incurred in respect of the transaction can be measured reliably. This is usually on completion of the contract.

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 equipment20% reducing balance
Motor vehicles25% reducing balance

Tangible fixed assets are originally recognised at cost (or deemed cost). Cost includes all directly attributable to making the asset capable of operating as intended.

DARKSIDE PAINT AND BODY LIMITED (REGISTERED NUMBER: 12473963)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024

2. ACCOUNTING POLICIES - continued

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 balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet 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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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 (2023 - 4 ) .

DARKSIDE PAINT AND BODY LIMITED (REGISTERED NUMBER: 12473963)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024

4. TANGIBLE FIXED ASSETS
Plant and Motor
machinery vehicles Totals
£    £    £   
COST
At 1 April 2023 5,450 3,500 8,950
Additions 3,566 - 3,566
At 31 March 2024 9,016 3,500 12,516
DEPRECIATION
At 1 April 2023 1,087 454 1,541
Charge for year 1,401 762 2,163
At 31 March 2024 2,488 1,216 3,704
NET BOOK VALUE
At 31 March 2024 6,528 2,284 8,812
At 31 March 2023 4,363 3,046 7,409

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Trade debtors 45,540 22,509
Other debtors 540 -
Called up share capital not paid 100 100
Prepayments and accrued income 3,685 -
49,865 22,609

DARKSIDE PAINT AND BODY LIMITED (REGISTERED NUMBER: 12473963)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Corporation tax 6,712 -
VAT 16,319 14,976
Other creditors - 25,476
Accruals and deferred income 11,911 12,814
34,942 53,266

7. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
31.3.24 31.3.23
£    £   
Within one year 18,000 15,600

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.3.24 31.3.23
value: £    £   
70 A Ordinary £1 70 70
30 B Ordinary £1 30 30
100 100

9. ULTIMATE CONTROLLING PARTY

The ultimate parent undertaking is Parkin Holdings Limited

The parent company's registered office is:

Unit 1 Carbon Court
Springvale Road
Park Springs
Barnsley
S72 7FF