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REGISTERED NUMBER: 11728386 (England and Wales)










Report of the Director and


Abridged Financial Statements for the Year Ended 31 December 2023

for

Parkside Engineering & Construction Ltd

Parkside Engineering & Construction Ltd (Registered number: 11728386)






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




Page

Company Information 1

Report of the Director 2

Abridged Balance Sheet 3

Notes to the Financial Statements 5


Parkside Engineering & Construction Ltd

Company Information
for the Year Ended 31 December 2023







DIRECTOR: C M Bentley





REGISTERED OFFICE: 40 Market Place
Belper
Derbyshire
DE56 1FZ





REGISTERED NUMBER: 11728386 (England and Wales)





ACCOUNTANTS: NRB Accountancy Limited
40 Market Place
Belper
Derbyshire
DE56 1FZ

Parkside Engineering & Construction Ltd (Registered number: 11728386)

Report of the Director
for the Year Ended 31 December 2023

The director presents his report with the financial statements of the company for the year ended 31 December 2023.

DIRECTOR
C M Bentley held office during the whole of the period from 1 January 2023 to the date of this report.

This report has been prepared in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

ON BEHALF OF THE BOARD:





C M Bentley - Director


18 October 2024

Parkside Engineering & Construction Ltd (Registered number: 11728386)

Abridged Balance Sheet
31 December 2023

31.12.23 31.12.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 2,906 3,874

CURRENT ASSETS
Debtors - 15,550
Cash at bank 4 7,031
4 22,581
CREDITORS
Amounts falling due within one year 1,992 25,573
NET CURRENT LIABILITIES (1,988 ) (2,992 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

918

882

PROVISIONS FOR LIABILITIES 552 736
NET ASSETS 366 146

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings 364 144
366 146

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 director acknowledges his 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.

Parkside Engineering & Construction Ltd (Registered number: 11728386)

Abridged 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.

All the members have consented to the preparation of an abridged Balance Sheet for the year ended 31 December 2023 in accordance with Section 444(2A) of the Companies Act 2006.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 18 October 2024 and were signed by:





C M Bentley - Director


Parkside Engineering & Construction Ltd (Registered number: 11728386)

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

1. STATUTORY INFORMATION

Parkside Engineering & Construction Ltd 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 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 balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet 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.

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

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2022 - 1 ) .

Parkside Engineering & Construction Ltd (Registered number: 11728386)

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

4. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 January 2023
and 31 December 2023 10,031
DEPRECIATION
At 1 January 2023 6,157
Charge for year 968
At 31 December 2023 7,125
NET BOOK VALUE
At 31 December 2023 2,906
At 31 December 2022 3,874

5. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

During the year the director, Mr C Bentley, introduced funds to and withdrew funds from the company by way of a director's loan account. Interest of £87 has been charged on the loan at the official rate of interest per annum, and the loan is repayable upon demand. The maximum outstanding during the year was £14,324. At the year end the company owed the director £1,335 (2022: The director owed the company £4,715) and this amount is included in creditors.

6. ULTIMATE CONTROLLING PARTY

The controlling party is C M Bentley.