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REGISTERED NUMBER: 08159318 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2024

FOR

PARKWAY FABRICATIONS LIMITED

PARKWAY FABRICATIONS LIMITED (REGISTERED NUMBER: 08159318)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


PARKWAY FABRICATIONS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 AUGUST 2024







DIRECTORS: A Corton
A W Scott





REGISTERED OFFICE: 1 Parkway Avenue
SHEFFIELD
S9 4WB





REGISTERED NUMBER: 08159318 (England and Wales)





ACCOUNTANTS: Hollis and Co Limited
Chartered Accountants
35 Wilkinson Street
Sheffield
South Yorkshire
S10 2GB

PARKWAY FABRICATIONS LIMITED (REGISTERED NUMBER: 08159318)

BALANCE SHEET
31 AUGUST 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 220,669 59,826

CURRENT ASSETS
Stocks 45,000 45,000
Debtors 5 254,182 234,430
Cash at bank and in hand 89,609 243,666
388,791 523,096
CREDITORS
Amounts falling due within one year 6 226,071 236,445
NET CURRENT ASSETS 162,720 286,651
TOTAL ASSETS LESS CURRENT
LIABILITIES

383,389

346,477

CREDITORS
Amounts falling due after more than one
year

7

(77,693

)

(18,117

)

PROVISIONS FOR LIABILITIES 8 (55,187 ) (12,895 )
NET ASSETS 250,509 315,465

CAPITAL AND RESERVES
Called up share capital 9 120 120
Retained earnings 250,389 315,345
SHAREHOLDERS' FUNDS 250,509 315,465

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 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.

PARKWAY FABRICATIONS LIMITED (REGISTERED NUMBER: 08159318)

BALANCE SHEET - continued
31 AUGUST 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 19 March 2025 and were signed on its behalf by:





A Corton - Director


PARKWAY FABRICATIONS LIMITED (REGISTERED NUMBER: 08159318)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024

1. STATUTORY INFORMATION

Parkway Fabrications 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 or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery etc - 25% on reducing balance

Stocks
Stocks and work in progress are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 8 (2023 - 5 ) .

PARKWAY FABRICATIONS LIMITED (REGISTERED NUMBER: 08159318)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 AUGUST 2024

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 September 2023 154,278
Additions 234,400
At 31 August 2024 388,678
DEPRECIATION
At 1 September 2023 94,452
Charge for year 73,557
At 31 August 2024 168,009
NET BOOK VALUE
At 31 August 2024 220,669
At 31 August 2023 59,826

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Plant and
machinery
etc
£   
COST
Additions 155,000
At 31 August 2024 155,000
DEPRECIATION
Charge for year 38,750
At 31 August 2024 38,750
NET BOOK VALUE
At 31 August 2024 116,250

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 202,120 233,989
Other debtors 52,062 441
254,182 234,430

PARKWAY FABRICATIONS LIMITED (REGISTERED NUMBER: 08159318)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 AUGUST 2024

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 10,258 10,041
Hire purchase contracts 46,167 -
Trade creditors 141,203 100,235
Taxation and social security 18,264 110,219
Other creditors 10,179 15,950
226,071 236,445

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans 7,859 18,117
Hire purchase contracts 69,834 -
77,693 18,117

8. PROVISIONS FOR LIABILITIES
2024 2023
£    £   
Deferred tax 55,187 12,895

Deferred
tax
£   
Balance at 1 September 2023 12,895
Provided during year 42,292
Balance at 31 August 2024 55,187

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
120 Ordinary £1 120 120

10. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

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

2024 2023
£    £   
A W Scott
Balance outstanding at start of year 239 239
Amounts repaid - -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 239 239