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REGISTERED NUMBER: 06012549 (England and Wales)
























FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 NOVEMBER 2023

FOR

PARK IT HERE PRODUCTS LIMITED

PARK IT HERE PRODUCTS LIMITED (REGISTERED NUMBER: 06012549)

CONTENTS OF THE FINANCIAL STATEMENTS
For The Year Ended 30 November 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


PARK IT HERE PRODUCTS LIMITED

COMPANY INFORMATION
For The Year Ended 30 November 2023







DIRECTORS: Mr S Dickinson
Mrs A L Dickinson





SECRETARY: Mrs A L Dickinson





REGISTERED OFFICE: 5&6 Manor Court
Manor Garth
Scarborough
North Yorkshire
YO11 3TU





REGISTERED NUMBER: 06012549 (England and Wales)





ACCOUNTANTS: Fortus Limited
Business Advisors & Accountants
5&6 Manor Court
Manor Garth
Scarborough
North Yorkshire
YO11 3TU

PARK IT HERE PRODUCTS LIMITED (REGISTERED NUMBER: 06012549)

BALANCE SHEET
30 November 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 4,763 6,352
Tangible assets 5 1,498 1,170
6,261 7,522

CURRENT ASSETS
Debtors 6 7,609 18,000
Cash at bank 29,814 46,120
37,423 64,120
CREDITORS
Amounts falling due within one year 7 2,322 16,604
NET CURRENT ASSETS 35,101 47,516
TOTAL ASSETS LESS CURRENT LIABILITIES 41,362 55,038

CAPITAL AND RESERVES
Called up share capital 1,000 1,000
Share premium 19,750 19,750
Retained earnings 20,612 34,288
41,362 55,038

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 November 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 2023 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 28 August 2024 and were signed on its behalf by:




Mr S Dickinson - Director


PARK IT HERE PRODUCTS LIMITED (REGISTERED NUMBER: 06012549)

NOTES TO THE FINANCIAL STATEMENTS
For The Year Ended 30 November 2023


1. STATUTORY INFORMATION

Park It Here Products 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.

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.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Patents and licences are being amortised evenly over their estimated useful life of ten years.

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 machinery etc - 20% on reducing balance

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.

PARK IT HERE PRODUCTS LIMITED (REGISTERED NUMBER: 06012549)

NOTES TO THE FINANCIAL STATEMENTS - continued
For The Year Ended 30 November 2023


2. ACCOUNTING POLICIES - continued

Going concern
The directors have considered the impact of COVID-19 in relation to their assessment of going concern and in their opinion have taken all reasonable steps to mitigate these factors. As at the point of authorising the accounts, and for the foreseeable future, the directors consider the going concern assumption to still be appropriate. The directors acknowledge that given the currently rapidly changing business and social environment, there are likely to be significant unknown factors which may present themselves. Such factors are considered by the directors to represent a general inherent level of risk in relation to the going concern assumption albeit not quantifiable at this time.

Government grants
Government grants are recognised at the fair value of the asset received or receivable when there is reasonable assurance that the company will comply with conditions attaching to them and the grants will be received using the accrual model.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2022 - NIL).

4. INTANGIBLE FIXED ASSETS
Other
intangible
assets
£   
COST
At 1 December 2022
and 30 November 2023 15,886
AMORTISATION
At 1 December 2022 9,534
Charge for year 1,589
At 30 November 2023 11,123
NET BOOK VALUE
At 30 November 2023 4,763
At 30 November 2022 6,352

PARK IT HERE PRODUCTS LIMITED (REGISTERED NUMBER: 06012549)

NOTES TO THE FINANCIAL STATEMENTS - continued
For The Year Ended 30 November 2023


5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 December 2022 4,607
Additions 705
At 30 November 2023 5,312
DEPRECIATION
At 1 December 2022 3,437
Charge for year 377
At 30 November 2023 3,814
NET BOOK VALUE
At 30 November 2023 1,498
At 30 November 2022 1,170

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 3,600 18,000
Other debtors 4,009 -
7,609 18,000

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 144 1,266
Taxation and social security 924 9,893
Other creditors 1,254 5,445
2,322 16,604