Company Registration No. 03920829 (England and Wales)
Parkland Associates Ltd
Unaudited accounts
for the year ended 31 March 2025
Parkland Associates Ltd
Unaudited accounts
Contents
Parkland Associates Ltd
Company Information
for the year ended 31 March 2025
Company Number
03920829 (England and Wales)
Registered Office
12 Plantation Drive
Sutton Coldfield
West Midlands
B75 7JQ
United Kingdom
Parkland Associates Ltd
Statement of financial position
as at 31 March 2025
Cash at bank and in hand
29,202
25,025
Creditors: amounts falling due within one year
(12,731)
(13,194)
Net current assets
21,086
16,219
Total assets less current liabilities
21,397
16,549
Provisions for liabilities
Called up share capital
100
100
Profit and loss account
21,231
16,383
Shareholders' funds
21,331
16,483
For the year ending 31 March 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 in accordance with section 476 of the Companies Act 2006.
The director acknowledges her responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 21 April 2025 and were signed on its behalf by
Deborah Howard
Director
Company Registration No. 03920829
Parkland Associates Ltd
Notes to the Accounts
for the year ended 31 March 2025
Parkland Associates Ltd is a private company, limited by shares, registered in England and Wales, registration number 03920829. The registered office is 12 Plantation Drive , Sutton Coldfield, West Midlands, B75 7JQ, United Kingdom.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Computer equipment
Over 2 years
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws.
Deferred tax assets and liabilities are not discounted.
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
Parkland Associates Ltd
Notes to the Accounts
for the year ended 31 March 2025
4
Tangible fixed assets
Computer equipment
Amounts falling due within one year
6
Creditors: amounts falling due within one year
2025
2024
Bank loans and overdrafts
500
1,014
Taxes and social security
8,312
7,205
Other creditors
3,903
4,960
7
Average number of employees
During the year the average number of employees was 2 (2024: 2).