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REGISTERED NUMBER: 04626478 (England and Wales)















Unaudited Financial Statements

for the Year Ended 29 February 2024

for

Parmar Shoes Limited

Parmar Shoes Limited (Registered number: 04626478)






Contents of the Financial Statements
for the Year Ended 29 February 2024




Page

Statement of Financial Position 1

Notes to the Financial Statements 3


Parmar Shoes Limited (Registered number: 04626478)

Statement of Financial Position
29 February 2024

29.2.24 28.2.23
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 45,000 45,000
Property, plant and equipment 5 5,608 5,533
50,608 50,533

CURRENT ASSETS
Inventories 72,500 72,000
Debtors 6 14,510 13,500
Cash at bank and in hand 1,673 33,803
88,683 119,303
CREDITORS
Amounts falling due within one year 7 126,127 123,491
NET CURRENT LIABILITIES (37,444 ) (4,188 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

13,164

46,345

CREDITORS
Amounts falling due after more than one year 8 23,333 33,152
NET (LIABILITIES)/ASSETS (10,169 ) 13,193

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings (10,269 ) 13,093
SHAREHOLDERS' FUNDS (10,169 ) 13,193

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 29 February 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 29 February 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.

Parmar Shoes Limited (Registered number: 04626478)

Statement of Financial Position - continued
29 February 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 28 November 2024 and were signed on its behalf by:





Mr Girish Tapulal Parmar - Director


Parmar Shoes Limited (Registered number: 04626478)

Notes to the Financial Statements
for the Year Ended 29 February 2024

1. STATUTORY INFORMATION

Parmar Shoes Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number: 04626478

Registered office: 782 Green Lane
Dagenham
Essex
RM8 1YT

The presentation currency of the financial statements is the Pound Sterling (£).


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

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.
Fixtures and fittings - 15% on reducing balance
Computer equipment - 25% on reducing balance

Stocks
Inventories are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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 6 (2023 - 6 ) .

Parmar Shoes Limited (Registered number: 04626478)

Notes to the Financial Statements - continued
for the Year Ended 29 February 2024

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 March 2023
and 29 February 2024 100,000
AMORTISATION
At 1 March 2023
and 29 February 2024 55,000
NET BOOK VALUE
At 29 February 2024 45,000
At 28 February 2023 45,000

5. PROPERTY, PLANT AND EQUIPMENT
Fixtures
and Computer
fittings equipment Totals
£    £    £   
COST
At 1 March 2023 25,741 877 26,618
Additions - 1,207 1,207
At 29 February 2024 25,741 2,084 27,825
DEPRECIATION
At 1 March 2023 20,208 877 21,085
Charge for year 830 302 1,132
At 29 February 2024 21,038 1,179 22,217
NET BOOK VALUE
At 29 February 2024 4,703 905 5,608
At 28 February 2023 5,533 - 5,533

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
29.2.24 28.2.23
£    £   
Other debtors 14,510 13,500

Parmar Shoes Limited (Registered number: 04626478)

Notes to the Financial Statements - continued
for the Year Ended 29 February 2024

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
29.2.24 28.2.23
£    £   
Trade creditors - 900
Taxation and social security 22,636 19,055
Other creditors 103,491 103,536
126,127 123,491

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
29.2.24 28.2.23
£    £   
Bank loans 23,333 33,152