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REGISTERED NUMBER: 07655055 (England and Wales)







Unaudited Financial Statements

for the Year Ended 30 June 2024

for

Park 'N' Load Metal Recycling Limited

Park 'N' Load Metal Recycling Limited (Registered number: 07655055)






Contents of the Financial Statements
for the Year Ended 30 June 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Park 'N' Load Metal Recycling Limited

Company Information
for the Year Ended 30 June 2024







DIRECTORS: Mr C Young
Mr M K Waller





REGISTERED OFFICE: Buttermilk Hall Farm
Baldock Road
Near Cottered
Buntingford
Hertfordshire
SG9 9RH





REGISTERED NUMBER: 07655055 (England and Wales)





ACCOUNTANTS: DSCO
The Tower
The Maltings
Hoe Lane
Ware
Hertfordshire
SG12 9LR

Park 'N' Load Metal Recycling Limited (Registered number: 07655055)

Balance Sheet
30 June 2024

30.6.24 30.6.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 33,738 46,163

CURRENT ASSETS
Debtors 5 1,295 2,496
Cash at bank 43,697 33,416
44,992 35,912
CREDITORS
Amounts falling due within one year 6 42,817 42,654
NET CURRENT ASSETS/(LIABILITIES) 2,175 (6,742 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

35,913

39,421

PROVISIONS FOR LIABILITIES 7 6,410 8,771
NET ASSETS 29,503 30,650

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 29,403 30,550
SHAREHOLDERS' FUNDS 29,503 30,650

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

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

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 17 March 2025 and were signed on its behalf by:



Mr M K Waller - Director


Park 'N' Load Metal Recycling Limited (Registered number: 07655055)

Notes to the Financial Statements
for the Year Ended 30 June 2024

1. STATUTORY INFORMATION

Park 'N' Load Metal Recycling 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.
Plant and machinery - 25% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 25% 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.

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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

Park 'N' Load Metal Recycling Limited (Registered number: 07655055)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2024

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2023 - 4 ) .

4. TANGIBLE FIXED ASSETS
Plant and Motor Computer
machinery vehicles equipment Totals
£    £    £    £   
COST
At 1 July 2023 161,258 20,482 597 182,337
Additions - - 316 316
Disposals - (20,482 ) - (20,482 )
At 30 June 2024 161,258 - 913 162,171
DEPRECIATION
At 1 July 2023 116,983 18,987 204 136,174
Charge for year 11,069 - 177 11,246
Eliminated on disposal - (18,987 ) - (18,987 )
At 30 June 2024 128,052 - 381 128,433
NET BOOK VALUE
At 30 June 2024 33,206 - 532 33,738
At 30 June 2023 44,275 1,495 393 46,163

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.24 30.6.23
£    £   
Trade debtors 1,001 1,236
Other debtors 294 1,260
1,295 2,496

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.24 30.6.23
£    £   
Trade creditors 2,441 2,517
Taxation and social security 16,868 17,234
Other creditors 23,508 22,903
42,817 42,654

7. PROVISIONS FOR LIABILITIES
30.6.24 30.6.23
£    £   
Deferred tax 6,410 8,771

Park 'N' Load Metal Recycling Limited (Registered number: 07655055)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2024

7. PROVISIONS FOR LIABILITIES - continued

Deferred
tax
£   
Balance at 1 July 2023 8,771
Accelerated capital allowances (2,361 )
Balance at 30 June 2024 6,410

8. ULTIMATE CONTROLLING PARTY

No one party has ultimate control.