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REGISTERED NUMBER: 02753173 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 APRIL 2024

FOR

PARK PRODUCE LIMITED

PARK PRODUCE LIMITED (REGISTERED NUMBER: 02753173)

CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 30 April 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


PARK PRODUCE LIMITED

COMPANY INFORMATION
for the Year Ended 30 April 2024







DIRECTORS: M E Webster
Mrs J Fallon



SECRETARY: M E Webster



REGISTERED OFFICE: 5 Crescent East
Thornton Cleveleys
Lancashire
FY5 3LJ



REGISTERED NUMBER: 02753173 (England and Wales)



ACCOUNTANTS: ma2 Limited
Chartered Accountants
5 Crescent East
Thornton Cleveleys
Lancashire
FY5 3LJ



BANKERS: Lloyds TSB
Market Street
Wigan
WN1 1JN

PARK PRODUCE LIMITED (REGISTERED NUMBER: 02753173)

BALANCE SHEET
30 April 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 150,839 26,284

CURRENT ASSETS
Debtors 5 15,020 892,305
Cash at bank 352,466 223,335
367,486 1,115,640
CREDITORS
Amounts falling due within one year 6 21,221 688,671
NET CURRENT ASSETS 346,265 426,969
TOTAL ASSETS LESS CURRENT
LIABILITIES

497,104

453,253

PROVISIONS FOR LIABILITIES 37,711 5,706
NET ASSETS 459,393 447,547

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 459,293 447,447
459,393 447,547

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 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.

PARK PRODUCE LIMITED (REGISTERED NUMBER: 02753173)

BALANCE SHEET - continued
30 April 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 20 January 2025 and were signed on its behalf by:





M E Webster - Director


PARK PRODUCE LIMITED (REGISTERED NUMBER: 02753173)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 30 April 2024


1. STATUTORY INFORMATION

Park Produce 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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Land and buildings - 25% on cost
Plant and machinery etc - 25% on reducing balance and 20% on reducing balance

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.

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.

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 4 (2023 - 5 ) .

PARK PRODUCE LIMITED (REGISTERED NUMBER: 02753173)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 30 April 2024


4. TANGIBLE FIXED ASSETS
Fixtures
Leasehold and Motor
property fittings vehicles Totals
£    £    £    £   
COST
At 1 May 2023 29,855 72,668 95,653 198,176
Additions - 17,941 155,362 173,303
At 30 April 2024 29,855 90,609 251,015 371,479
DEPRECIATION
At 1 May 2023 29,855 67,621 74,416 171,892
Charge for year - 4,598 44,150 48,748
At 30 April 2024 29,855 72,219 118,566 220,640
NET BOOK VALUE
At 30 April 2024 - 18,390 132,449 150,839
At 30 April 2023 - 5,047 21,237 26,284

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors - 847,848
Other debtors 2,618 9,412
VAT 6,619 23,820
Prepayments and accrued income 5,783 11,225
15,020 892,305

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 8,707 613,330
Tax 10,939 49,635
Accrued expenses 1,575 25,706
21,221 688,671