IRIS Accounts Production v24.2.0.383 12130003 Board of Directors Board of Directors 1.4.23 31.3.24 31.3.24 false true false false true false Ordinary 1.00000 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh121300032023-03-31121300032024-03-31121300032023-04-012024-03-31121300032022-03-31121300032022-04-012023-03-31121300032023-03-3112130003ns15:EnglandWales2023-04-012024-03-3112130003ns14:PoundSterling2023-04-012024-03-3112130003ns10:Director12023-04-012024-03-3112130003ns10:Director22023-04-012024-03-3112130003ns10:PrivateLimitedCompanyLtd2023-04-012024-03-3112130003ns10:SmallEntities2023-04-012024-03-3112130003ns10:AuditExempt-NoAccountantsReport2023-04-012024-03-3112130003ns10:SmallCompaniesRegimeForDirectorsReport2023-04-012024-03-3112130003ns10:SmallCompaniesRegimeForAccounts2023-04-012024-03-3112130003ns10:FullAccounts2023-04-012024-03-3112130003ns10:OrdinaryShareClass12023-04-012024-03-3112130003ns10:RegisteredOffice2023-04-012024-03-3112130003ns5:CurrentFinancialInstruments2024-03-3112130003ns5:CurrentFinancialInstruments2023-03-3112130003ns5:ShareCapital2024-03-3112130003ns5:ShareCapital2023-03-3112130003ns5:RetainedEarningsAccumulatedLosses2024-03-3112130003ns5:RetainedEarningsAccumulatedLosses2023-03-3112130003ns5:PlantMachinery2023-04-012024-03-3112130003ns5:PlantMachinery2024-03-3112130003ns5:WithinOneYearns5:CurrentFinancialInstruments2024-03-3112130003ns5:WithinOneYearns5:CurrentFinancialInstruments2023-03-3112130003ns10:OrdinaryShareClass12024-03-3112130003ns5:RetainedEarningsAccumulatedLosses2023-03-3112130003ns5:RetainedEarningsAccumulatedLosses2023-04-012024-03-31
REGISTERED NUMBER: 12130003 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024

FOR

PARKIN COMMERCIAL STORAGE LIMITED

PARKIN COMMERCIAL STORAGE LIMITED (REGISTERED NUMBER: 12130003)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


PARKIN COMMERCIAL STORAGE LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2024







DIRECTORS: Mr L Parkin
Mr D L Parkin





REGISTERED OFFICE: Fraser Ross House
24 Broad Street
Stamford
Lincolnshire
PE9 1PJ





REGISTERED NUMBER: 12130003 (England and Wales)





ACCOUNTANTS: Brayshaw Morey
Certified Public Accountants
Fraser Ross House
24 Broad Street
Stamford
Lincolnshire
PE9 1PJ

PARKIN COMMERCIAL STORAGE LIMITED (REGISTERED NUMBER: 12130003)

STATEMENT OF FINANCIAL POSITION
31 MARCH 2024

31.3.24 31.3.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 5 3,600 -

CURRENT ASSETS
Debtors 6 2,400 2,565
Cash at bank 232,004 175,142
234,404 177,707
CREDITORS
Amounts falling due within one year 7 55,606 23,190
NET CURRENT ASSETS 178,798 154,517
TOTAL ASSETS LESS CURRENT
LIABILITIES

182,398

154,517

CAPITAL AND RESERVES
Called up share capital 8 2 2
Retained earnings 9 182,396 154,515
SHAREHOLDERS' FUNDS 182,398 154,517

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2024 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.

PARKIN COMMERCIAL STORAGE LIMITED (REGISTERED NUMBER: 12130003)

STATEMENT OF FINANCIAL POSITION - continued
31 MARCH 2024


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 8 October 2024 and were signed on its behalf by:




Mr L Parkin - Director



Mr D L Parkin - Director


PARKIN COMMERCIAL STORAGE LIMITED (REGISTERED NUMBER: 12130003)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

1. STATUTORY INFORMATION

Parkin Commercial Storage 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. STATEMENT OF COMPLIANCE

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.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements have been prepared under the historical cost convention.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 25% 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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 2 ) .

PARKIN COMMERCIAL STORAGE LIMITED (REGISTERED NUMBER: 12130003)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
Additions 4,800
At 31 March 2024 4,800
DEPRECIATION
Charge for year 1,200
At 31 March 2024 1,200
NET BOOK VALUE
At 31 March 2024 3,600

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Trade debtors 2,400 2,565

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Taxation and social security 19,111 12,718
Other creditors 36,495 10,472
55,606 23,190

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.3.24 31.3.23
value: £    £   
2 Ordinary £1 2 2

9. RESERVES
Retained
earnings
£   

At 1 April 2023 154,515
Profit for the year 58,881
Dividends (31,000 )
At 31 March 2024 182,396