2023-04-012024-03-312024-03-31false10671559PARK GATE DRY CLEANERS 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PARK GATE DRY CLEANERS LIMITED

Registered Number
10671559
(England and Wales)

Unaudited Financial Statements for the Year ended
31 March 2024

PARK GATE DRY CLEANERS LIMITED
Company Information
for the year from 1 April 2023 to 31 March 2024

Directors

CHIVERS, Janine Louise
CHIVERS, John Paul

Registered Address

Anchor House School Lane
Chandler's Ford
Eastleigh
SO53 4DY

Registered Number

10671559 (England and Wales)
PARK GATE DRY CLEANERS LIMITED
Balance Sheet as at
31 March 2024

Notes

2024

2023

£

£

£

£

Fixed assets
Tangible assets320,85325,904
20,85325,904
Current assets
Debtors42,4731,747
Cash at bank and on hand35,44451,293
37,91753,040
Creditors amounts falling due within one year5(15,074)(49,867)
Net current assets (liabilities)22,8433,173
Total assets less current liabilities43,69629,077
Creditors amounts falling due after one year(16,000)(18,400)
Net assets27,69610,677
Capital and reserves
Called up share capital2020
Profit and loss account27,67610,657
Shareholders' funds27,69610,677
The financial statements were approved and authorised for issue by the Board of Directors on 29 July 2024, and are signed on its behalf by:
CHIVERS, John Paul
Director
Registered Company No. 10671559
PARK GATE DRY CLEANERS LIMITED
Notes to the Financial Statements
for the year ended 31 March 2024

1.Accounting policies
Statutory information
The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.
Statement of compliance
The financial statements have been prepared in compliance with FRS 102 Section 1A as it applies to the financial statements for the period and there were no material departures from the reporting standard.
Functional and presentation currency
The financial statements are presented in sterling and this is the functional currency of the company.
Turnover policy
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.
Revenue from sale of goods
Turnover represents the provision of dry cleaning services and is recognised at the point of sale.
Employee benefits
Contributions to defined contribution plans are expensed in the period to which they relate.
Tangible fixed assets and depreciation
Tangible fixed assets are stated at cost or valuation less depreciation. Depreciation is provided on all tangible fixed assets as follows:

Straight line (years)
Land and buildings5
Plant and machinery6
Fixtures and fittings5
Office Equipment4
Finance leases and hire purchase contracts
Assets held under finance leases which are leases where substantially all the risks and rewards of ownership of the asset have passed to the company, and hire purchase contracts are capitalised in the balance sheet. They are depreciated over the shorter of their useful lives or the term of the lease.
2.Average number of employees

20242023
Average number of employees during the year55
3.Tangible fixed assets

Total

£
Cost or valuation
At 01 April 2356,138
Additions605
At 31 March 2456,743
Depreciation and impairment
At 01 April 2330,234
Charge for year5,656
At 31 March 2435,890
Net book value
At 31 March 2420,853
At 31 March 2325,904
4.Debtors: amounts due within one year

2024

2023

££
Other debtors84-
Prepayments and accrued income2,3891,747
Total2,4731,747
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
5.Creditors: amounts due within one year

2024

2023

££
Bank borrowings and overdrafts2,4002,400
Amounts owed to related parties2,11244,421
Taxation and social security8,6501,808
Other creditors9488
Accrued liabilities and deferred income1,8181,150
Total15,07449,867
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
6.Directors advances, credits and guarantees

Brought forward

Amount advanced

Amount repaid

Carried forward

££££
CHIVERS, Janine Louise(22,210)36,76415,610(1,056)
CHIVERS, John Paul(22,210)36,76415,610(1,056)
(44,420)73,52831,220(2,112)