Registered number
09859987
LOWER PARKSTONE LTD
Filleted Accounts
31 January 2024
LOWER PARKSTONE LTD
Registered number: 09859987
Balance Sheet
as at 31 January 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 61,783 23,831
Current assets
Stocks 3,310 3,205
Debtors 4 11,878 5,068
Cash at bank and in hand 42,751 83,692
57,939 91,965
Creditors: amounts falling due within one year 5 (74,025) (57,221)
Net current (liabilities)/assets (16,086) 34,744
Total assets less current liabilities 45,697 58,575
Creditors: amounts falling due after more than one year 6 (13,362) (23,241)
Net assets 32,335 35,334
Capital and reserves
Called up share capital 100 100
Profit and loss account 32,235 35,234
Shareholders' funds 32,335 35,334
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.
Meraz Ahmed Choudhury
Director
Approved by the board on 21 August 2024
LOWER PARKSTONE LTD
Notes to the Accounts
for the year ended 31 January 2024
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. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
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:
Motor vehicles 20% reducing balance
Leasehold land and buildings Nil
Fixtures, fittings, tools and equipment 15% reducing balance
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 8 8
3 Tangible fixed assets
Land and buildings Plant and machinery etc Motor vehicles Total
£ £ £ £
Cost
At 1 February 2023 12,383 35,711 - 48,094
Additions - - 49,581 49,581
At 31 January 2024 12,383 35,711 49,581 97,675
Depreciation
At 1 February 2023 - 24,263 - 24,263
Charge for the year - 1,717 9,912 11,629
At 31 January 2024 - 25,980 9,912 35,892
Net book value
At 31 January 2024 12,383 9,731 39,669 61,783
At 31 January 2023 12,383 11,448 - 23,831
4 Debtors 2024 2023
£ £
Trade debtors 9,358 2,548
Other debtors 2,520 2,520
11,878 5,068
5 Creditors: amounts falling due within one year 2024 2023
£ £
Bank loans and overdrafts 10,648 10,648
Trade creditors 6,381 9,338
Directors current account 15,500 -
Taxation and social security costs 24,163 24,934
Other creditors 17,333 12,301
74,025 57,221
6 Creditors: amounts falling due after one year 2024 2023
£ £
Bank loans 13,362 23,241
7 Other information
LOWER PARKSTONE LTD is a private company limited by shares and incorporated in England. Its registered office is:
17 Plumbers Row
Unit 4
Upper ground
London
E1 1EQ
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