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Company Registration No. 08008841 (England and Wales)
PARK ROAD GARAGE LTD Unaudited accounts for the year ended 31 March 2024
PARK ROAD GARAGE LTD Unaudited accounts Contents
Page
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PARK ROAD GARAGE LTD Company Information for the year ended 31 March 2024
Director
SYED IMRAN SHAH
Company Number
08008841 (England and Wales)
Registered Office
11 Ronald Close Bedford MK42 7SH
Accountants
Advice with Accounts Unit 50-51 Nottingham Business Centres Lenton Boulevard Nottingham NG7 2BY
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PARK ROAD GARAGE LTD Accountants' report
Accountants' report to the director of PARK ROAD GARAGE LTD on the preparation of the unaudited statutory accounts for the year ended 31 March 2024
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of PARK ROAD GARAGE LTD for the year ended 31 March 2024 as set out on pages 5 - 7 from the company's accounting records and from information and explanations you have given us.
This report is made solely to the Board of Directors of PARK ROAD GARAGE LTD, as a body, in accordance with the terms of our engagement. Our work has been undertaken solely to prepare for your approval the accounts of PARK ROAD GARAGE LTD and state those matters that we have agreed to state to them, as a body, in this report. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than PARK ROAD GARAGE LTD and its Board of Directors as a body for our work or for this report.
It is your duty to ensure that PARK ROAD GARAGE LTD has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of PARK ROAD GARAGE LTD. You consider that PARK ROAD GARAGE LTD is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit or a review of the accounts of PARK ROAD GARAGE LTD. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.
Advice with Accounts Unit 50-51 Nottingham Business Centres Lenton Boulevard Nottingham NG7 2BY 20 January 2025
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PARK ROAD GARAGE LTD Statement of financial position as at 31 March 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
453,088 
- 
Current assets
Inventories
659,292 
881,289 
Cash at bank and in hand
115,483 
238,188 
774,775 
1,119,477 
Creditors: amounts falling due within one year
(245,500)
(258,879)
Net current assets
529,275 
860,598 
Total assets less current liabilities
982,363 
860,598 
Creditors: amounts falling due after more than one year
(346,465)
(277,393)
Net assets
635,898 
583,205 
Capital and reserves
Called up share capital
1 
1 
Profit and loss account
635,897 
583,204 
Shareholders' funds
635,898 
583,205 
For the year ending 31 March 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 20 January 2025 and were signed on its behalf by
SYED IMRAN SHAH Director Company Registration No. 08008841
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PARK ROAD GARAGE LTD Notes to the Accounts for the year ended 31 March 2024
1
Statutory information
PARK ROAD GARAGE LTD is a private company, limited by shares, registered in England and Wales, registration number 08008841. The registered office is 11 Ronald Close, Bedford, MK42 7SH.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Turnover
Turnover represents the value, net of VAT and discounts, of goods provided to customers and work carried out in respect of services provided to customers.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the rate of 0%.
4
Tangible fixed assets
Land & buildings 
£ 
Cost or valuation
At cost 
At 1 April 2023
- 
Additions
453,088 
At 31 March 2024
453,088 
Depreciation
At 31 March 2024
- 
Net book value
At 31 March 2024
453,088 
5
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
VAT
9,442 
10,095 
Trade creditors
112,711 
119,007 
Taxes and social security
13,896 
20,326 
Loans from directors
109,451 
109,451 
245,500 
258,879 
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PARK ROAD GARAGE LTD Notes to the Accounts for the year ended 31 March 2024
6
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Bank loans
346,465 
277,393 
7
Share capital
2024 
2023 
£ 
£ 
Allotted, called up and fully paid:
1 Ordinary shares of £1 each
1 
1 
8
Average number of employees
During the year the average number of employees was 9 (2023: 9).
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