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REGISTERED NUMBER: 10183572 (England and Wales)















Unaudited Financial Statements

for the Year Ended 31 May 2024

for

Park Fever Supplies Ltd

Park Fever Supplies Ltd (Registered number: 10183572)






Contents of the Financial Statements
for the Year Ended 31 May 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3

Chartered Accountants' Report 6

Park Fever Supplies Ltd

Company Information
for the Year Ended 31 May 2024







DIRECTOR: Mr A P Varley





SECRETARY: Mr A P Varley





REGISTERED OFFICE: Hanover Court
5 Queen Street
Lichfield
Staffordshire
WS13 6QD





REGISTERED NUMBER: 10183572 (England and Wales)





ACCOUNTANTS: Tomkinson Teal (Lichfield) LLP
Hanover Court
5 Queen Street
Lichfield
Staffordshire
WS13 6QD

Park Fever Supplies Ltd (Registered number: 10183572)

Balance Sheet
31 May 2024

2024 2023
Notes £    £   
FIXED ASSETS
Tangible assets 4 - 191

CURRENT ASSETS
Stocks 3,000 3,000
Debtors 5 6,262 7,080
Cash at bank and in hand 2,205 1,713
11,467 11,793
CREDITORS
Amounts falling due within one year 6 (16,006 ) (13,205 )
NET CURRENT LIABILITIES (4,539 ) (1,412 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(4,539

)

(1,221

)

CAPITAL AND RESERVES
Called up share capital 7 1 1
Retained earnings (4,540 ) (1,222 )
SHAREHOLDERS' FUNDS (4,539 ) (1,221 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 May 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

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 Profit and Loss Account has not been delivered.

The financial statements were approved by the director and authorised for issue on 28 August 2024 and were signed by:





Mr A P Varley - Director


Park Fever Supplies Ltd (Registered number: 10183572)

Notes to the Financial Statements
for the Year Ended 31 May 2024

1. STATUTORY INFORMATION

Park Fever Supplies Ltd 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.

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
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.
Short leasehold - 20% on cost
Plant and machinery - 20% on cost
Computer equipment - 33% on cost

Stocks
Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing stock to its present location and condition. Cost is calculated using the first-in, first-out formula. Provision is made for damaged, obsolete and slow-moving stock where appropriate.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and Loss Account, 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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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.

Going concern
The financial statements have been prepared on a going concern basis, which places reliance on the continued support of the company's director and shareholder.

The Director continues to provide ongoing financial support to the business as and when required and has no reason to believe that the company will not have adequate resources to continue its current operations and that it remains appropriate to prepare the company's financial statements on a going concern basis and the financial statements do not include the adjustments that would result if the company was unable to continue as a going concern.

Park Fever Supplies Ltd (Registered number: 10183572)

Notes to the Financial Statements - continued
for the Year Ended 31 May 2024

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 2 ) .

4. TANGIBLE FIXED ASSETS
Short Plant and Computer
leasehold machinery equipment Totals
£    £    £    £   
COST
At 1 June 2023
and 31 May 2024 13,491 869 1,416 15,776
DEPRECIATION
At 1 June 2023 13,491 815 1,279 15,585
Charge for year - 54 137 191
At 31 May 2024 13,491 869 1,416 15,776
NET BOOK VALUE
At 31 May 2024 - - - -
At 31 May 2023 - 54 137 191

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 1,051 117
Other debtors 5,211 6,963
6,262 7,080

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts - 96
Trade creditors 10,941 7,969
Taxation and social security 2,794 3,081
Other creditors 2,271 2,059
16,006 13,205

7. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
1 Ordinary £1 1 1

8. OTHER FINANCIAL COMMITMENTS

As at 31 May 2024, there were outstanding pension contributions of £344 (2022: £189).

Park Fever Supplies Ltd (Registered number: 10183572)

Notes to the Financial Statements - continued
for the Year Ended 31 May 2024

9. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 May 2024 and 31 May 2023:

2024 2023
£    £   
Mr A P Varley
Balance outstanding at start of year 4,667 8,520
Amounts advanced 10,852 12,440
Amounts repaid (13,171 ) (16,293 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 2,348 4,667

Chartered Accountants' Report to the Director
on the Unaudited Financial Statements of
Park Fever Supplies Ltd

The following reproduces the text of the report prepared for the director in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Director are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Park Fever Supplies Ltd for the year ended 31 May 2024 which comprise the Profit and Loss Account, Balance Sheet, Statement of Changes in Equity and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the director of Park Fever Supplies Ltd in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Park Fever Supplies Ltd and state those matters that we have agreed to state to the director of Park Fever Supplies Ltd in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Park Fever Supplies Ltd and its director for our work or for this report.

It is your duty to ensure that Park Fever Supplies Ltd has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and loss of Park Fever Supplies Ltd. You consider that Park Fever Supplies 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 financial statements of Park Fever Supplies 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 financial statements.






Tomkinson Teal (Lichfield) LLP
Hanover Court
5 Queen Street
Lichfield
Staffordshire
WS13 6QD


28 August 2024