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Registration number: 06071832

Park Farm Plant Services Limited

Unaudited Filleted Financial Statements

for the Year Ended 28 February 2025

 

Park Farm Plant Services Limited

Contents

Company Information

1

Balance Sheet

2

Notes to the Unaudited Financial Statements

3 to 5

 

Park Farm Plant Services Limited

Company Information

Director

P Wilson

Registered office

Park Farm
Orton
Penrith
Cumbria
CA10 3SD

Accountants

Stables Thompson & Briscoe Limited
Chartered Accountants & Business AdvisersLowther House
Lowther Street
Kendal
LA9 4DX

 

Park Farm Plant Services Limited

(Registration number: 06071832)
Balance Sheet as at 28 February 2025

Note

2025
£

2024
£

Fixed assets

 

Tangible assets

4

11,347

13,257

Current assets

 

Stocks

10,000

11,060

Debtors

5

5,868

4,652

Cash at bank and in hand

 

17,277

17,404

 

33,145

33,116

Creditors: Amounts falling due within one year

6

(19,033)

(19,424)

Net current assets

 

14,112

13,692

Total assets less current liabilities

 

25,459

26,949

Creditors: Amounts falling due after more than one year

6

(100,000)

(100,000)

Net liabilities

 

(74,541)

(73,051)

Capital and reserves

 

Called up share capital

10

10

Retained earnings

(74,551)

(73,061)

Shareholders' deficit

 

(74,541)

(73,051)

For the financial year ending 28 February 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the director has not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the director on 21 May 2025
 

.........................................
P Wilson
Director

   
     
 

Park Farm Plant Services Limited

Notes to the Unaudited Financial Statements for the Year Ended 28 February 2025

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
Park Farm
Orton
Penrith
Cumbria
CA10 3SD

These financial statements were authorised for issue by the director on 21 May 2025.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

 

Park Farm Plant Services Limited

Notes to the Unaudited Financial Statements for the Year Ended 28 February 2025

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Plant and machinery

10% straight line

Motor vehicle

20% straight line

3

Staff numbers

The average number of persons employed by the company (including the director) during the year, was 1 (2024 - 1).

4

Tangible assets

Furniture, fittings and equipment
 £

Motor vehicles
 £

Total
£

Cost or valuation

At 1 March 2024

55,667

13,720

69,387

Additions

738

-

738

Disposals

-

(700)

(700)

At 28 February 2025

56,405

13,020

69,425

Depreciation

At 1 March 2024

46,624

9,506

56,130

Charge for the year

1,789

784

2,573

Eliminated on disposal

-

(625)

(625)

At 28 February 2025

48,413

9,665

58,078

Carrying amount

At 28 February 2025

7,992

3,355

11,347

At 29 February 2024

9,043

4,214

13,257

5

Debtors

Current

2025
£

2024
£

Trade debtors

5,528

4,335

Prepayments

340

317

 

5,868

4,652

 

Park Farm Plant Services Limited

Notes to the Unaudited Financial Statements for the Year Ended 28 February 2025

6

Creditors

Creditors: amounts falling due within one year

2025
£

2024
£

Due within one year

Accruals and deferred income

1,332

1,935

Other creditors

17,701

17,489

19,033

19,424

Creditors: amounts falling due after more than one year

2025
£

2024
£

Due after one year

 

Loans and borrowings

100,000

100,000