2023-09-01 NI647339 2024-08-31 NI647339 2023-09-01 2024-08-31 NI647339 2023-08-31 NI647339 2022-09-01 2023-08-31 NI647339 uk-core:WithinOneYear 2023-08-31 NI647339 uk-core:WithinOneYear 2024-08-31 NI647339 uk-core:AfterOneYear 2023-08-31 NI647339 uk-core:AfterOneYear 2024-08-31 NI647339 uk-core:ShareCapital 2024-08-31 NI647339 uk-core:ShareCapital 2023-08-31 NI647339 uk-core:SharePremium 2024-08-31 NI647339 uk-core:SharePremium 2023-08-31 NI647339 uk-core:RetainedEarningsAccumulatedLosses 2024-08-31 NI647339 uk-core:RetainedEarningsAccumulatedLosses 2023-08-31 NI647339 uk-bus:Director1 2023-09-01 2024-08-31 NI647339 uk-core:PlantMachinery 2023-09-01 2024-08-31 NI647339 uk-core:Goodwill 2023-08-31 NI647339 uk-core:Goodwill 2024-08-31 NI647339 uk-core:Goodwill 2023-09-01 2024-08-31 iso4217:GBP xbrli:pure NI647339 uk-bus:AuditExemptWithAccountantsReport 2023-09-01 2024-08-31 NI647339 uk-bus:FRS102 2023-09-01 2024-08-31 NI647339 uk-bus:FilletedAccounts 2023-09-01 2024-08-31 NI647339 uk-bus:PrivateLimitedCompanyLtd 2023-09-01 2024-08-31
W Park & Son Limited
Registered Number:NI647339
For the year ended 31 August 2024
Northern Ireland
Unaudited Financial Statements
2
For the year ended 31 August 2024
W Park & Son Limited
Contents Page
1
Statement of Financial Position
2 to 5
Notes to the Financial Statements
3
Registered Number :
NI647339
As at 31 August 2024
W Park & Son Limited
Statement of Financial Position
£
£
2023
2024
Notes
Fixed assets
Intangible assets
12,000
14,400
2
Property, plant and equipment
89,696
34,062
3
114,423
-
Investment property
216,119
48,462
Current assets
Inventories
48,240
22,350
4
Trade and other receivables
-
11,804
139,925
Cash and cash equivalents
2,467
36,621
188,165
Trade and other payables: amounts falling due within one
year
(82,162)
(108,445)
5
106,003
(71,824)
Net current liabilities
Total assets less current liabilities
144,295
154,465
Trade and other payables: amounts falling due after more
than one year
(100,000)
-
6
144,295
Net assets
54,465
Capital and reserves
Called up share capital
323
323
Share premium account
10,000
10,000
Retained earnings
133,972
44,142
144,295
54,465
Shareholders' funds
For the year ended 31 August 2024 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 year ended 31 August 2024 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.
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4
Registered Number :
NI647339
For the year ended 31 August 2024
W Park & Son Limited
Statement of Financial Position Continued
Mr Wilfred Park Director
These financial statements were approved and authorised for issue by the Board on 29 May 2025 and were signed by:
The notes form part of these financial statements
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5
For the year ended 31 August 2024
W Park & Son Limited
Notes to the Financial Statements
Statutory Information
W Park & Son Limited is a private limited company, limited by shares, domiciled in Northern Ireland, registration
number NI647339.
Registered address:
20 Markethill Road
Newtownhamilton
Newry
BT35 0BE
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 is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax or other similar sales taxes.
Property, plant and equipment
Property, plant and equipment, 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:
Plant and Machinery
10% Reducing balance
Government grants
Government grants received are credited to deferred income. Grants towards capital expenditure are released to the profit and loss account over the expected useful life of the assets. Grants received towards revenue expenditure are released to the profit and loss account as the related expenditure is incurred.
Inventories
Inventories are value at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.
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6
For the year ended 31 August 2024
W Park & Son Limited
Notes to the Financial Statements Continued
2. Intangible fixed assets
Goodwill
Cost or valuation
£
At 01 September 2023
24,000
At 31 August 2024
24,000
Amortisation
At 01 September 2023
9,600
2,400
Charge for year
At 31 August 2024
12,000
Net book value
At 31 August 2024
12,000
At 31 August 2023
14,400
3. Property, plant and equipment
Plant and
Machinery
£
Cost or
valuation
At 01 September 2023
48,772
65,600
Additions
At 31 August 2024
114,372
Provision for depreciation and impairment
At 01 September 2023
14,710
Charge for year
9,966
At 31 August 2024
24,676
At 31 August 2024
Net book value
89,696
At 31 August 2023
34,062
4. Inventories
2023
2024
£
£
Stocks
22,350
48,240
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7
For the year ended 31 August 2024
W Park & Son Limited
Notes to the Financial Statements Continued
5. Trade and other payables: amounts falling due within one year
2023
2024
£
£
Trade creditors
8,500
9,640
Taxation and social security
15,303
6,976
Other creditors
84,642
65,546
108,445
82,162
6. Trade and other payables: amounts falling due after more than one year
2023
2024
£
£
Other creditors
-
100,000
7. Average number of persons employed
During the year the average number of employees was 4 (2023 : 4)
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