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
Parasol Restaurant Limited
Company Information
for the year ended 29 February 2024
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
Parasol Restaurant Limited
Statement of financial position
as at 29 February 2024
Intangible assets
12,500
12,500
Tangible assets
31,584
30,475
Cash at bank and in hand
36,630
37,183
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)
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
Parasol Restaurant Limited
Notes to the Accounts
for the year ended 29 February 2024
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.
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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
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 (including purchased goodwill and patents) are included at cost less accumulated amortisation.
4
Intangible fixed assets
Goodwill
At 29 February 2024
12,500
At 29 February 2024
12,500
At 28 February 2023
12,500
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
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
At 29 February 2024
15,437
6,077
10,070
31,584
At 28 February 2023
13,950
7,840
8,685
30,475
Amounts falling due within one year
Accrued income and prepayments
-
2,500
7
Creditors: amounts falling due within one year
2024
2023
Taxes and social security
6,759
3,964
8
Creditors: amounts falling due after more than one year
2024
2023
Loans from directors
37,599
55,000
9
Average number of employees
During the year the average number of employees was 9 (2023: 9).