PARK GARAGE (ELMSWELL) LIMITED

Company Registration Number:
08246247 (England and Wales)

Unaudited abridged accounts for the year ended 31 October 2024

Period of accounts

Start date: 01 November 2023

End date: 31 October 2024

PARK GARAGE (ELMSWELL) LIMITED

Contents of the Financial Statements

for the Period Ended 31 October 2024

Balance sheet
Notes

PARK GARAGE (ELMSWELL) LIMITED

Balance sheet

As at 31 October 2024


Notes
2024
2023


£
£
Called up share capital not paid: 0 0
Fixed assets
Intangible assets:   0 0
Tangible assets: 3 3,470 4,627
Investments:   0 0
Total fixed assets: 3,470 4,627
Current assets
Stocks: 4,075 2,633
Debtors:   28,194 25,804
Cash at bank and in hand: 43,988 55,947
Investments:   0 0
Total current assets: 76,257 84,384
Creditors: amounts falling due within one year:   (41,391) (43,275)
Net current assets (liabilities): 34,866 41,109
Total assets less current liabilities: 38,336 45,736
Creditors: amounts falling due after more than one year:   0 0
Provision for liabilities: (659) (879)
Total net assets (liabilities): 37,677 44,857
Capital and reserves
Called up share capital: 1 1
Share premium account: 0 0
Revaluation reserve: 00
Other reserves: 0 0
Profit and loss account: 37,676 44,856
Shareholders funds: 37,677 44,857

The notes form part of these financial statements

PARK GARAGE (ELMSWELL) LIMITED

Balance sheet statements

For the year ending 31 October 2024 the company was entitled to exemption 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 directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A).

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The directors have chosen to not file a copy of the company’s profit & loss account.

This report was approved by the board of directors on 30 April 2025
and signed on behalf of the board by:

Name: W C Grove-Merritt
Status: Director

The notes form part of these financial statements

PARK GARAGE (ELMSWELL) LIMITED

Notes to the Financial Statements

for the Period Ended 31 October 2024

1. Accounting policies

These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

Turnover policy

Turnover consists of the invoiced value (excluding VAT) receivable by the company in the ordinary course of business for goods supplied and for services supplied as a principal, adjusted for any sundry under or over payments, or other recording anomalies.

Tangible fixed assets and depreciation policy

Depreciation is calculated to write off the cost, less the estimated residual values, of tangible fixed assets over their estimated useful lives. Where there is evidence of impairment, fixed asset values are written down to reflect the same, with any such reduction in carried values being charged to operating profit. Plant & machinery - 25% reducing balance basis

Valuation and information policy

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

Other accounting policies

Deferred Taxation Deferred tax arises by virtue of the inclusion of items, of either income or expenditure, in taxation computations for periods that differ from those in which they are included in the accounts. Where the future reversal of such timing differences would result in either an increased or a reduced liability, provision is made in full, at such rates as might reasonably be expected to prevail. Pension Costs Contributions in respect of the company's defined contributions pension scheme are charged to the profit and loss account for the year in which they become payable. Differences between contributions payable and contributions actually paid, are shown as either accruals or prepayments at the year end. Going Concern Basis of Accounting The accounts have been prepared on the assumption that the company is able to carry on business as a going concern.

PARK GARAGE (ELMSWELL) LIMITED

Notes to the Financial Statements

for the Period Ended 31 October 2024

2. Employees

2024 2023
Average number of employees during the period 4 3

PARK GARAGE (ELMSWELL) LIMITED

Notes to the Financial Statements

for the Period Ended 31 October 2024

3. Tangible Assets

Total
Cost £
At 01 November 2023 20,560
Additions 0
Disposals 0
Revaluations 0
Transfers 0
At 31 October 2024 20,560
Depreciation
At 01 November 2023 15,933
Charge for year 1,157
On disposals 0
Other adjustments 0
At 31 October 2024 17,090
Net book value
At 31 October 2024 3,470
At 31 October 2023 4,627

PARK GARAGE (ELMSWELL) LIMITED

Notes to the Financial Statements

for the Period Ended 31 October 2024

4. Loans to directors

Name of director receiving advance or credit: W C Grove- Merritt
Description of the loan: The loan at the accounting date is the balance on the director's current account .
£
Balance at 01 November 2023 16,994
Advances or credits made: 35,923
Advances or credits repaid: 36,837
Balance at 31 October 2024 16,080

In common with most small owner managed entities, the company at times defrays sums to, for or on behalf of the director and the director, likewise defrays sums to, for or on behalf of the company. Such transactions are recorded to and from the director's current account. The director also makes lump sum repayments from time to time, if, as and when required. The balance on the director's current account at the end of the accounting period, is treated as a loan to, or from the director.