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PARKWAY CAR SALES LTD

Registered Number
04926410
(England and Wales)

Unaudited Financial Statements for the Year ended
31 July 2024

PARKWAY CAR SALES LTD
Company Information
for the year from 1 August 2023 to 31 July 2024

Directors

NOBLE, Paul Phillip
NOBLE, Stuart David

Company Secretary

NOBLE, Stuart David

Registered Address

Parkway Car Sales
Southampton Road
Eastleigh
SO50 5QT

Registered Number

04926410 (England and Wales)
PARKWAY CAR SALES LTD
Balance Sheet as at
31 July 2024

Notes

2024

2023

£

£

£

£

Fixed assets
Tangible assets31,4071,178
1,4071,178
Current assets
Stocks4212,096262,317
Debtors5240,09397,341
Cash at bank and on hand12,083
452,190361,741
Creditors amounts falling due within one year6(327,100)(238,835)
Net current assets (liabilities)125,090122,906
Total assets less current liabilities126,497124,084
Creditors amounts falling due after one year7(41,667)(91,667)
Net assets84,83032,417
Capital and reserves
Called up share capital101101
Profit and loss account84,72932,316
Shareholders' funds84,83032,417
The financial statements were approved and authorised for issue by the Board of Directors on 10 January 2025, and are signed on its behalf by:
NOBLE, Paul Phillip
Director
Registered Company No. 04926410
PARKWAY CAR SALES LTD
Notes to the Financial Statements
for the year ended 31 July 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.
Revenue from sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
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:

Reducing balance (%)Straight line (years)
Fixtures and fittings-5
Vehicles20-
Office Equipment-4
Stocks and work in progress
Stocks are valued at the lower of cost and estimated selling price (less any associated costs to enable such sales to complete).
2.Average number of employees

20242023
Average number of employees during the year77
3.Tangible fixed assets

Vehicles

Fixtures & fittings

Office Equipment

Total

££££
Cost or valuation
At 01 August 233,5002,0007,04012,540
Additions-653241894
At 31 July 243,5002,6537,28113,434
Depreciation and impairment
At 01 August 233,5002,0005,86211,362
Charge for year556109-665
At 31 July 244,0562,1095,86212,027
Net book value
At 31 July 24(556)5441,4191,407
At 31 July 23--1,1781,178
4.Stocks

2024

2023

££
Other stocks212,096262,317
Total212,096262,317
5.Debtors: amounts due within one year

2024

2023

££
Amounts owed by associates and joint ventures / participating interests240,09397,341
Total240,09397,341
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.
6.Creditors: amounts due within one year

2024

2023

££
Trade creditors / trade payables5,1534,888
Bank borrowings and overdrafts220,393122,636
Taxation and social security95,178105,943
Other creditors-819
Accrued liabilities and deferred income6,3764,549
Total327,100238,835
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.
7.Creditors: amounts due after one year

2024

2023

££
Bank borrowings and overdrafts41,66791,667
Total41,66791,667
8.Directors advances, credits and guarantees

Brought forward

Amount advanced

Amount repaid

Carried forward

££££
NOBLE, Paul Phillip48,670196,520125,144120,046
NOBLE, Stuart David48,670196,520125,144120,046
97,340393,040250,288240,092