Registered number
06615375
IRONING PARLA LIMITED
Filleted Accounts
30 June 2024
IRONING PARLA LIMITED
Registered number: 06615375
Balance Sheet
as at 30 June 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 26,855 19,357
Current assets
Stocks 745 620
Debtors 4 4,428 5,599
Cash at bank and in hand 12,892 11,453
18,065 17,672
Creditors: amounts falling due within one year 5 (28,723) (8,614)
Net current (liabilities)/assets (10,658) 9,058
Total assets less current liabilities 16,197 28,415
Creditors: amounts falling due after more than one year 6 (16,235) (11,130)
Net (liabilities)/assets (38) 17,285
Capital and reserves
Called up share capital 100 100
Profit and loss account (138) 17,185
Shareholders' funds (38) 17,285
The director is 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 director acknowledges his 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.
Yilmaz Hulukan
Director
Approved by the board on 28 February 2025
IRONING PARLA LIMITED
Notes to the Accounts
for the year ended 30 June 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 rendering of ironing services.
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 in the year of acquisition, at rates calculated to write off the cost, less estimated residual value,as follows:
Plant and machinery 18% reducing balance method.
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.
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 corporation tax liability is recognised for the tax payable on the taxable profit. Corporation tax liability is not discounted.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 2 2
3 Tangible fixed assets
Plant and machinery etc
£
Cost
At 1 July 2023 60,588
Additions 11,683
At 30 June 2024 72,271
Depreciation
At 1 July 2023 41,231
Charge for the year 4,185
At 30 June 2024 45,416
Net book value
At 30 June 2024 26,855
At 30 June 2023 19,357
4 Debtors 2024 2023
£ £
Prepayments & other debtors 4,428 5,599
5 Creditors: amounts falling due within one year 2024 2023
£ £
Bank loan & overdrafts 2,362 2,362
Obligations under finance lease and hire purchase contracts 9,357 5,563
Corporation tax - 689
Other creditors 17,004 -
28,723 8,614
6 Creditors: amounts falling due after one year 2024 2023
£ £
Bank loans 7,959 10,205
Obligations under finance lease and hire purchase contracts 8,276 925
16,235 11,130
7 Other information
IRONING PARLA LIMITED is a private company limited by shares and incorporated in England. Its registered office is:
61A Spa Road
Hockley
Essex
SS5 4AR
IRONING PARLA LIMITED 06615375 false 2023-07-01 2024-06-30 2024-06-30 VT Final Accounts April 2024 Yilmaz Hulukan No description of principal activity 06615375 2022-07-01 2023-06-30 06615375 core:WithinOneYear 2023-06-30 06615375 core:AfterOneYear 2023-06-30 06615375 core:ShareCapital 2023-06-30 06615375 core:RetainedEarningsAccumulatedLosses 2023-06-30 06615375 2023-07-01 2024-06-30 06615375 bus:PrivateLimitedCompanyLtd 2023-07-01 2024-06-30 06615375 bus:AuditExemptWithAccountantsReport 2023-07-01 2024-06-30 06615375 bus:Director40 2023-07-01 2024-06-30 06615375 1 2023-07-01 2024-06-30 06615375 2 2023-07-01 2024-06-30 06615375 core:PlantMachinery 2023-07-01 2024-06-30 06615375 countries:England 2023-07-01 2024-06-30 06615375 bus:FRS102 2023-07-01 2024-06-30 06615375 bus:FilletedAccounts 2023-07-01 2024-06-30 06615375 2024-06-30 06615375 core:WithinOneYear 2024-06-30 06615375 core:AfterOneYear 2024-06-30 06615375 core:ShareCapital 2024-06-30 06615375 core:RetainedEarningsAccumulatedLosses 2024-06-30 06615375 core:PlantMachinery 2024-06-30 06615375 2023-06-30 06615375 core:PlantMachinery 2023-06-30 iso4217:GBP xbrli:pure