Registered number
14103565
PARK ROSE LIMITED
Filleted Accounts
31 May 2024
PARK ROSE LIMITED
Registered number: 14103565
Balance Sheet
as at 31 May 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 125,240 103,354
Current assets
Debtors 4 80,113 89,725
Cash at bank and in hand 122,728 4
202,841 89,729
Creditors: amounts falling due within one year 5 (202,149) (259,863)
Net current assets/(liabilities) 692 (170,134)
Total assets less current liabilities 125,932 (66,780)
Creditors: amounts falling due after more than one year 6 (50,840) -
Net assets/(liabilities) 75,092 (66,780)
Capital and reserves
Called up share capital 1 1
Profit and loss account 75,091 (66,781)
Shareholders' funds 75,092 (66,780)
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Mr Ali Huseyin Yildirim
Director
Approved by the board on 16 January 2025
PARK ROSE LIMITED
Notes to the Accounts
for the year ended 31 May 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
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. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Fixtures, fittings, tools and equipment 20% reducing balance
Motor Vehicle 100% FYA
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.
Debtors
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.
Creditors
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.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period.
Leased assets
A lease is classified as a finance lease it transfers substantially all the risks and rewards incidental to ownership including the premium, to be written off in P&L Accounts in lease life.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 14 1
3 Tangible fixed assets
Plant and machinery etc Motor vehicles Total
£ £ £
Cost
At 1 June 2023 103,354 - 103,354
Additions 13,082 40,113 53,195
At 31 May 2024 116,436 40,113 156,549
Depreciation
Charge for the year 23,287 8,022 31,309
At 31 May 2024 23,287 8,022 31,309
Net book value
At 31 May 2024 93,149 32,091 125,240
At 31 May 2023 103,354 - 103,354
4 Debtors 2024 2023
£ £
Deferred tax asset 96 -
Other debtors-Lease premium 80,017 89,725
80,113 89,725
5 Creditors: amounts falling due within one year 2024 2023
£ £
Trade creditors 16,286 16,044
Taxation and social security costs 47,390 (19,099)
Other creditors 138,473 262,918
202,149 259,863
6 Creditors: amounts falling due after one year 2024 2023
£ £
Obligations under finance lease and hire purchase contracts 50,840 -
7 Controlling party
Mr Ali Huseyin Yildirim
8 Other information
PARK ROSE LIMITED is a private company limited by shares and incorporated in England. Its registered office is:
34 Thorpedale Road
London
England
N4 3BL
PARK ROSE LIMITED 14103565 false 2023-06-01 2024-05-31 2024-05-31 VT Final Accounts April 2024 Mr Ali Huseyin Yildirim No description of principal activity 14103565 2022-06-01 2023-05-31 14103565 core:WithinOneYear 2023-05-31 14103565 core:AfterOneYear 2023-05-31 14103565 core:ShareCapital 2023-05-31 14103565 core:RetainedEarningsAccumulatedLosses 2023-05-31 14103565 2023-06-01 2024-05-31 14103565 bus:PrivateLimitedCompanyLtd 2023-06-01 2024-05-31 14103565 bus:AuditExemptWithAccountantsReport 2023-06-01 2024-05-31 14103565 bus:Director40 2023-06-01 2024-05-31 14103565 1 2023-06-01 2024-05-31 14103565 2 2023-06-01 2024-05-31 14103565 core:PlantMachinery 2023-06-01 2024-05-31 14103565 core:Vehicles 2023-06-01 2024-05-31 14103565 countries:England 2023-06-01 2024-05-31 14103565 bus:FRS102 2023-06-01 2024-05-31 14103565 bus:FilletedAccounts 2023-06-01 2024-05-31 14103565 2024-05-31 14103565 core:WithinOneYear 2024-05-31 14103565 core:AfterOneYear 2024-05-31 14103565 core:ShareCapital 2024-05-31 14103565 core:RetainedEarningsAccumulatedLosses 2024-05-31 14103565 core:PlantMachinery 2024-05-31 14103565 core:Vehicles 2024-05-31 14103565 2023-05-31 14103565 core:PlantMachinery 2023-05-31 14103565 core:Vehicles 2023-05-31 iso4217:GBP xbrli:pure