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REGISTERED NUMBER: 06494922 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 March 2024

for

Parkside Care Limited

Parkside Care Limited (Registered number: 06494922)






Contents of the Financial Statements
for the Year Ended 31 March 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Parkside Care Limited

Company Information
for the Year Ended 31 March 2024







DIRECTORS: R Kerr
A S Kerr
A R Kerr





REGISTERED OFFICE: 48 Linskill Terrace
North Shields
Tyne and Wear
NE30 2EW





REGISTERED NUMBER: 06494922 (England and Wales)





ACCOUNTANTS: Douglas Shaw Limited
7 Brenkley Way
Blezard Business Park
Seaton Burn
Tyne and Wear
NE13 6DS

Parkside Care Limited (Registered number: 06494922)

Balance Sheet
31 March 2024

31.3.24 31.3.23
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 1 1
Tangible assets 5 3,056,727 3,079,217
3,056,728 3,079,218

CURRENT ASSETS
Stocks 2,166 2,113
Debtors 6 239,867 168,623
Cash at bank 416,451 490,235
658,484 660,971
CREDITORS
Amounts falling due within one year 7 985,312 1,131,718
NET CURRENT LIABILITIES (326,828 ) (470,747 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

2,729,900

2,608,471

CREDITORS
Amounts falling due after more than
one year

8

(628,692

)

(627,518

)

PROVISIONS FOR LIABILITIES (64,809 ) (70,372 )
NET ASSETS 2,036,399 1,910,581

Parkside Care Limited (Registered number: 06494922)

Balance Sheet - continued
31 March 2024

31.3.24 31.3.23
Notes £    £    £    £   
CAPITAL AND RESERVES
Called up share capital 120 120
Retained earnings 2,036,279 1,910,461
2,036,399 1,910,581

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.

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 6 November 2024 and were signed on its behalf by:





A S Kerr - Director


Parkside Care Limited (Registered number: 06494922)

Notes to the Financial Statements
for the Year Ended 31 March 2024

1. STATUTORY INFORMATION

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

Goodwill
Goodwill is the difference between amounts paid on the acquisition of a business and the fair value of the separable net assets. It is amortised to profit and loss account over its estimated economic life of five years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Leasehold Property Improvements - 7 to 15 years
Fixtures, Fittings & Office Equipment - 4 to 15 years
Motor vehicles - 10 years

Stocks
Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

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.


Parkside Care Limited (Registered number: 06494922)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

2. ACCOUNTING POLICIES - continued
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.

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 117 (2023 - 115 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 April 2023
and 31 March 2024 978,580
AMORTISATION
At 1 April 2023
and 31 March 2024 978,579
NET BOOK VALUE
At 31 March 2024 1
At 31 March 2023 1

Parkside Care Limited (Registered number: 06494922)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

5. TANGIBLE FIXED ASSETS
Fixtures,
Leasehold Fittings
Freehold Property & Office Motor
property Improvements Equipment vehicles Totals
£    £    £    £    £   
COST
At 1 April 2023 2,796,541 85,069 604,364 7,307 3,493,281
Additions - - 32,173 - 32,173
Disposals - (20,556 ) (7,816 ) - (28,372 )
At 31 March 2024 2,796,541 64,513 628,721 7,307 3,497,082
DEPRECIATION
At 1 April 2023 - 65,951 340,806 7,307 414,064
Charge for year - 5,903 48,760 - 54,663
Eliminated on disposal - (20,556 ) (7,816 ) - (28,372 )
At 31 March 2024 - 51,298 381,750 7,307 440,355
NET BOOK VALUE
At 31 March 2024 2,796,541 13,215 246,971 - 3,056,727
At 31 March 2023 2,796,541 19,118 263,558 - 3,079,217

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Trade debtors 236,224 165,036
Other debtors 3,643 3,587
239,867 168,623

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Bank loans and overdrafts 47,409 93,578
Other loans 278,753 300,000
Trade creditors 80,857 94,325
Tax 79,569 56,942
Social security and other taxes 39,789 30,754
Other creditors and accruals 179,229 166,522
Directors' loan accounts 278,754 388,407
Deferred government grants 952 1,190
985,312 1,131,718

Parkside Care Limited (Registered number: 06494922)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
31.3.24 31.3.23
£    £   
Bank loans - 1-2 years 48,500 96,093
Bank loans - 2-5 years 148,316 293,385
Bank loans more 5 yr by instal 431,876 238,040
628,692 627,518

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 431,876 238,040