Registered number
06740345
Parkfields Estates Ltd
Filleted Accounts
31 December 2023
Parkfields Estates Ltd
Registered number: 06740345
Balance Sheet
as at 31 December 2023
Notes 2023 2022
£ £
Fixed assets
Tangible assets 3 10,411 10,991
Current assets
Debtors 4 40,916 26,370
Cash at bank and in hand 171,407 280,334
212,323 306,704
Creditors: amounts falling due within one year 5 (56,312) (67,926)
Net current assets 156,011 238,778
Total assets less current liabilities 166,422 249,769
Creditors: amounts falling due after more than one year 6 (21,742) (32,483)
Net assets 144,680 217,286
Capital and reserves
Called up share capital 1 1
Profit and loss account 144,679 217,285
Shareholders' funds 144,680 217,286
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Ravi Attal
Director
Approved by the board on 2 February 2024
Parkfields Estates Ltd
Notes to the Accounts
for the year ended 31 December 2023
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Plant and machinery over 5 years
Fixtures, fittings, tools and equipment over 5 years
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods.
Pensions
Contributions to defined contribution plans are expensed in the period to which they relate.
2 Employees 2023 2022
Number Number
Average number of persons employed by the company 9 8
3 Tangible fixed assets
Plant and machinery etc
£
Cost
At 1 January 2023 71,932
Additions 3,778
At 31 December 2023 75,710
Depreciation
At 1 January 2023 60,941
Charge for the year 4,358
At 31 December 2023 65,299
Net book value
At 31 December 2023 10,411
At 31 December 2022 10,991
4 Debtors 2023 2022
£ £
Trade debtors 40,916 26,370
5 Creditors: amounts falling due within one year 2023 2022
£ £
Trade creditors 11,114 2,250
Taxation and social security costs 45,198 65,676
56,312 67,926
6 Creditors: amounts falling due after one year 2023 2022
£ £
Bank loans 21,742 32,483
7 Other information
Parkfields Estates Ltd is a private company limited by shares and incorporated in England. Its registered office is:
1 The Crescent
Southall
Middlesex
UB1 1RE
Parkfields Estates Ltd 06740345 false 2023-01-01 2023-12-31 2023-12-31 VT Final Accounts April 2024 Ravi Attal No description of principal activity 06740345 2022-01-01 2022-12-31 06740345 core:WithinOneYear 2022-12-31 06740345 core:AfterOneYear 2022-12-31 06740345 core:ShareCapital 2022-12-31 06740345 core:RetainedEarningsAccumulatedLosses 2022-12-31 06740345 2023-01-01 2023-12-31 06740345 bus:PrivateLimitedCompanyLtd 2023-01-01 2023-12-31 06740345 bus:AuditExempt-NoAccountantsReport 2023-01-01 2023-12-31 06740345 bus:Director40 2023-01-01 2023-12-31 06740345 1 2023-01-01 2023-12-31 06740345 2 2023-01-01 2023-12-31 06740345 core:PlantMachinery 2023-01-01 2023-12-31 06740345 countries:England 2023-01-01 2023-12-31 06740345 bus:FRS102 2023-01-01 2023-12-31 06740345 bus:FilletedAccounts 2023-01-01 2023-12-31 06740345 2023-12-31 06740345 core:WithinOneYear 2023-12-31 06740345 core:AfterOneYear 2023-12-31 06740345 core:ShareCapital 2023-12-31 06740345 core:RetainedEarningsAccumulatedLosses 2023-12-31 06740345 core:PlantMachinery 2023-12-31 06740345 2022-12-31 06740345 core:PlantMachinery 2022-12-31 iso4217:GBP xbrli:pure