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Company Registration No. 12484082 (England and Wales)
Parasol Restaurant Limited Unaudited accounts for the year ended 29 February 2024
Parasol Restaurant Limited Unaudited accounts Contents
Page
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Parasol Restaurant Limited Company Information for the year ended 29 February 2024
Director
Kok Seng Wong
Company Number
12484082 (England and Wales)
Registered Office
5 MARKET PLACE ABINGDON OXFORDSHIRE OX14 3HG UNITED KINGDOM
Accountants
Utopians Accountants 49 Highview Pinner Middlesex HA5 3PE
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Parasol Restaurant Limited Statement of financial position as at 29 February 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Intangible assets
12,500 
12,500 
Tangible assets
31,584 
30,475 
44,084 
42,975 
Current assets
Inventories
12,959 
4,647 
Debtors
- 
2,500 
Cash at bank and in hand
36,630 
37,183 
49,589 
44,330 
Creditors: amounts falling due within one year
(21,740)
(19,333)
Net current assets
27,849 
24,997 
Total assets less current liabilities
71,933 
67,972 
Creditors: amounts falling due after more than one year
(37,599)
(55,693)
Net assets
34,334 
12,279 
Capital and reserves
Called up share capital
10 
10 
Profit and loss account
34,324 
12,269 
Shareholders' funds
34,334 
12,279 
For the year ending 29 February 2024 the company was entitled to exemption from audit under section 480 of the Companies Act 2006 relating to dormant 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 1 September 2024 and were signed on its behalf by
Kok Seng Wong Director Company Registration No. 12484082
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Parasol Restaurant Limited Notes to the Accounts for the year ended 29 February 2024
1
Statutory information
Parasol Restaurant Limited is a private company, limited by shares, registered in England and Wales, registration number 12484082. The registered office is 5 MARKET PLACE, ABINGDON, OXFORDSHIRE, OX14 3HG, UNITED KINGDOM.
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:
Plant & machinery
10% on reducing balance
Motor vehicles
20% on reducing balance
Fixtures & fittings
10% on reducing balance
Intangible fixed assets
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
4
Intangible fixed assets
Goodwill 
£ 
Cost
At 1 March 2023
12,500 
At 29 February 2024
12,500 
Amortisation
At 1 March 2023
- 
At 29 February 2024
- 
Net book value
At 29 February 2024
12,500 
At 28 February 2023
12,500 
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Parasol Restaurant Limited Notes to the Accounts for the year ended 29 February 2024
5
Tangible fixed assets
Plant & machinery 
Motor vehicles 
Fixtures & fittings 
Total 
£ 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At cost 
At 1 March 2023
15,500 
9,800 
9,650 
34,950 
Additions
2,884 
- 
2,150 
5,034 
At 29 February 2024
18,384 
9,800 
11,800 
39,984 
Depreciation
At 1 March 2023
1,550 
1,960 
965 
4,475 
Charge for the year
1,397 
1,763 
765 
3,925 
At 29 February 2024
2,947 
3,723 
1,730 
8,400 
Net book value
At 29 February 2024
15,437 
6,077 
10,070 
31,584 
At 28 February 2023
13,950 
7,840 
8,685 
30,475 
6
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Accrued income and prepayments
- 
2,500 
7
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
VAT
13,488 
13,912 
Trade creditors
1,493 
961 
Taxes and social security
6,759 
3,964 
Other creditors
- 
496 
21,740 
19,333 
8
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Trade creditors
- 
693 
Loans from directors
37,599 
55,000 
37,599 
55,693 
9
Average number of employees
During the year the average number of employees was 9 (2023: 9).
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