IRIS Accounts Production v24.2.0.383 05564334 Board of Directors Board of Directors 1.1.23 31.12.23 31.12.23 false true false false true false 12742 12742 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh055643342022-12-31055643342023-12-31055643342023-01-012023-12-31055643342021-12-31055643342022-01-012022-12-31055643342022-12-3105564334ns15:EnglandWales2023-01-012023-12-3105564334ns14:PoundSterling2023-01-012023-12-3105564334ns10:Director12023-01-012023-12-3105564334ns10:Director22023-01-012023-12-3105564334ns10:PrivateLimitedCompanyLtd2023-01-012023-12-3105564334ns10:SmallEntities2023-01-012023-12-3105564334ns10:AuditExempt-NoAccountantsReport2023-01-012023-12-3105564334ns10:SmallCompaniesRegimeForDirectorsReport2023-01-012023-12-3105564334ns10:SmallCompaniesRegimeForAccounts2023-01-012023-12-3105564334ns10:FullAccounts2023-01-012023-12-310556433441ns10:Director12021-12-310556433441ns10:Director12022-01-012022-12-3105564334ns10:Director32023-01-012023-12-3105564334ns10:Director42023-01-012023-12-3105564334ns10:CompanySecretary12023-01-012023-12-3105564334ns10:RegisteredOffice2023-01-012023-12-3105564334ns5:CurrentFinancialInstruments2023-12-3105564334ns5:CurrentFinancialInstruments2022-12-3105564334ns5:Non-currentFinancialInstruments2023-12-3105564334ns5:Non-currentFinancialInstruments2022-12-3105564334ns5:ShareCapital2023-12-3105564334ns5:ShareCapital2022-12-3105564334ns5:RetainedEarningsAccumulatedLosses2023-12-3105564334ns5:RetainedEarningsAccumulatedLosses2022-12-3105564334ns5:PlantMachinery2023-01-012023-12-3105564334ns5:PlantMachinery2022-12-3105564334ns5:PlantMachinery2023-12-3105564334ns5:PlantMachinery2022-12-3105564334ns5:PlantMachineryns5:LeasedAssetsHeldAsLessee2022-12-3105564334ns5:PlantMachineryns5:LeasedAssetsHeldAsLessee2023-12-3105564334ns5:PlantMachineryns5:LeasedAssetsHeldAsLessee2022-12-3105564334ns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-12-3105564334ns5:CurrentFinancialInstrumentsns5:WithinOneYear2022-12-31055643341ns10:Director12022-12-31055643341ns10:Director12021-12-31055643341ns10:Director12023-01-012023-12-31055643341ns10:Director12022-01-012022-12-31055643341ns10:Director12023-12-31055643341ns10:Director12022-12-31
















Parkfield Painting Contractors Limited

Unaudited Financial Statements for the Year Ended 31 December 2023






Parkfield Painting Contractors Limited (Registered number: 05564334)






Contents of the Financial Statements
for the Year Ended 31 December 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Parkfield Painting Contractors Limited

Company Information
for the Year Ended 31 December 2023







DIRECTORS: M A Owen
J Porter
Miss N Kelly
Mrs M Owen





SECRETARY: Mrs M Owen





REGISTERED OFFICE: 48 - 52 Penny Lane
Mossley Hill
Liverpool
Merseyside
L18 1DG





REGISTERED NUMBER: 05564334 (England and Wales)





ACCOUNTANTS: Matthews Sutton & Co Ltd
Chartered Certified Accountants
48 - 52 Penny Lane
Mossley Hill
Liverpool
Merseyside
L18 1DG

Parkfield Painting Contractors Limited (Registered number: 05564334)

Balance Sheet
31 December 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 37,998 39,186

CURRENT ASSETS
Debtors 5 73,559 101,265
Cash at bank and in hand 355,683 213,060
429,242 314,325
CREDITORS
Amounts falling due within one year 6 261,435 157,734
NET CURRENT ASSETS 167,807 156,591
TOTAL ASSETS LESS CURRENT
LIABILITIES

205,805

195,777

CREDITORS
Amounts falling due after more than one
year

7

(15,660

)

(25,780

)

PROVISIONS FOR LIABILITIES (9,385 ) -
NET ASSETS 180,760 169,997

CAPITAL AND RESERVES
Called up share capital 102 102
Retained earnings 180,658 169,895
SHAREHOLDERS' FUNDS 180,760 169,997

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 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.

Parkfield Painting Contractors Limited (Registered number: 05564334)

Balance Sheet - continued
31 December 2023


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 2 September 2024 and were signed on its behalf by:




M A Owen - Director



J Porter - Director


Parkfield Painting Contractors Limited (Registered number: 05564334)

Notes to the Financial Statements
for the Year Ended 31 December 2023

1. STATUTORY INFORMATION

Parkfield Painting Contractors 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 represents net invoiced sales of services, excluding value added tax.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery etc - 15% 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.

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2022 - 4 ) .

Parkfield Painting Contractors Limited (Registered number: 05564334)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 January 2023 98,265
Additions 5,518
Transfer to ownership (4,165 )
At 31 December 2023 99,618
DEPRECIATION
At 1 January 2023 59,079
Charge for year 6,706
Transfer to ownership (4,165 )
At 31 December 2023 61,620
NET BOOK VALUE
At 31 December 2023 37,998
At 31 December 2022 39,186

Fixed assets, included in the above, which are held under hire purchase contracts or finance leases are as follows:

Plant and
machinery
etc
£   
COST
At 1 January 2023 10,794
Transfer to ownership (10,794 )
At 31 December 2023 -
DEPRECIATION
At 1 January 2023 4,165
Transfer to ownership (4,165 )
At 31 December 2023 -
NET BOOK VALUE
At 31 December 2023 -
At 31 December 2022 6,629

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 50,075 90,870
Amounts owed by group undertakings 235 -
Other debtors 23,249 10,395
73,559 101,265

Parkfield Painting Contractors Limited (Registered number: 05564334)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 10,119 9,870
Trade creditors 32,224 38,851
Taxation and social security 55,336 69,400
Other creditors 163,756 39,613
261,435 157,734

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Bank loans 15,660 25,780

8. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 December 2023 and 31 December 2022:

2023 2022
£    £   
M A Owen and M A Owen
Balance outstanding at start of year - 12,742
Amounts repaid - (12,742 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year - -

9. ULTIMATE CONTROLLING PARTY

By virtue of the share ownership split of the company, it is the opinion of the directors that there is no ultimate controlling party.