2024-01-01 07765106 2025-02-28 07765106 2024-01-01 2025-02-28 07765106 2023-12-31 07765106 2023-01-01 2023-12-31 07765106 uk-core:WithinOneYear 2023-12-31 07765106 uk-core:WithinOneYear 2025-02-28 07765106 uk-core:ShareCapital 2025-02-28 07765106 uk-core:ShareCapital 2023-12-31 07765106 uk-core:RetainedEarningsAccumulatedLosses 2025-02-28 07765106 uk-core:RetainedEarningsAccumulatedLosses 2023-12-31 07765106 uk-bus:Director1 2024-01-01 2025-02-28 07765106 uk-core:CommercialMotorVehicles 2024-01-01 2025-02-28 07765106 uk-core:WithinOneYear 2025-02-28 07765106 uk-core:WithinOneYear 2023-12-31 iso4217:GBP xbrli:pure 07765106 uk-bus:AuditExemptWithAccountantsReport 2024-01-01 2025-02-28 07765106 uk-bus:FRS102 2024-01-01 2025-02-28 07765106 uk-bus:FilletedAccounts 2024-01-01 2025-02-28 07765106 uk-bus:PrivateLimitedCompanyLtd 2024-01-01 2025-02-28
Park Decorating Ltd
Registered Number:07765106
For the period 01 January 2024 to 28 February 2025
England and Wales
Unaudited Financial Statements
2
For the period 01 January 2024 to 28 February 2025
Park Decorating Ltd
Contents Page
1
Statement of Financial Position
2 to 3
Notes to the Financial Statements
3
Registered Number :
07765106
As at 28 February 2025
Park Decorating Ltd
Statement of Financial Position
£
£
2023
2025
Notes
Fixed assets
Property, plant and equipment
-
586
2
-
586
Current assets
Trade and other receivables
1,030
695
3
2,557
Cash and cash equivalents
111
806
3,587
Trade and other payables: amounts falling due within one year
(4,023)
(4,207)
4
(436)
(3,401)
Net current liabilities
Total assets less current liabilities
(3,401)
150
(3,401)
Net assets/liabilities
150
Capital and reserves
Called up share capital
100
100
Retained earnings
(3,501)
50
(3,401)
150
Shareholders' funds
For the period 01 January 2024 to 28 February 2025 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 of its financial statements for the period 01 January 2024 to 28 February 2025 in accordance with Section 476 of the Companies Act 2006
The director acknowledges his responsibilities for:a) ensuring that the company keeps proper 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 Section 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.
In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.
The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
Mr Lawrence Stephen Park Director
These financial statements were approved and authorised for issue by the Board on 19 March 2025 and were signed by:
The notes form part of these financial statements
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4
For the period 01 January 2024 to 28 February 2025
Park Decorating Ltd
Notes to the Financial Statements
Statutory Information
Park Decorating Ltd is a private limited company, limited by shares, domiciled in England and Wales, registration number 07765106.
Principal place of business:
Flat 306
The Metropole
The Leas, Folkestone
Kent
CT20 2LU
Registered address:
3 Conqueror Court
Sittingbourne
Kent
ME10 5BH
The presentation currency is £ sterling.
1. Accounting policies
Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of Section 1A of Financial Reporting Standard 102 'The
Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006. The financial statements have
been prepared under the historical costs convention as modified by the revaluation of certain assets.
Revenue recognition
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
Property, plant and equipment
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
25% Reducing balance
Motor vehicles
Hire purchase and leasing commitments
Rentals payable under operating leases are charged against income on a straight line basis over the lease term.
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5
For the period 01 January 2024 to 28 February 2025
Park Decorating Ltd
Notes to the Financial Statements Continued
2. Property, plant and equipment
Motor vehicles
£
Cost or valuation
At 01 January 2024
10,397
Disposals
(10,397)
At 28 February 2025
-
Provision for depreciation and impairment
At 01 January 2024
9,811
(9,811)
On disposal
At 28 February 2025
-
At 28 February 2025
Net book value
-
At 31 December 2023
586
3. Trade and other receivables
2023
2025
£
£
Trade debtors
-
100
Other debtors
695
930
1,030
695
4. Trade and other payables: amounts falling due within one year
2023
2025
£
£
Bank loans and overdraft
-
2,581
Trade creditors
-
120
Taxation and social security
-
1,322
Other creditors
4,207
-
4,207
4,023
5. Average number of persons employed
During the year the average number of employees was 1 (2023 : 1)
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