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Company registration number: 08189180
Park Steel Structures Limited
Unaudited filleted abridged financial statements
30 September 2024
Park Steel Structures Limited
Contents
Directors and other information
Abridged statement of financial position
Statement of changes in equity
Notes to the financial statements
Park Steel Structures Limited
Directors and other information
Directors J. Diaz-Sanchez
S. Parkinson
Company number 08189180
Registered office 1A Smithy Mills Lane
Adel
Leeds
LS16 8HF
Accountants Bostocks Boyce Welch
The Counting House
Tower Buildings
Wade House Road
Shelf
HX3 7PB
Park Steel Structures Limited
Abridged statement of financial position
30 September 2024
2024 2023
Note £ £ £ £
Fixed assets
Tangible assets 4 33,628 17,837
_______ _______
33,628 17,837
Current assets
Debtors 2,128,882 2,180,849
Cash at bank and in hand 114,982 355,573
_______ _______
2,243,864 2,536,422
Creditors: amounts falling due
within one year ( 944,939) ( 1,290,013)
_______ _______
Net current assets 1,298,925 1,246,409
_______ _______
Total assets less current liabilities 1,332,553 1,264,246
Creditors: amounts falling due
after more than one year ( 52,407) ( 100,505)
_______ _______
Net assets 1,280,146 1,163,741
_______ _______
Capital and reserves
Called up share capital 1 1
Profit and loss account 1,280,145 1,163,740
_______ _______
Shareholders funds 1,280,146 1,163,741
_______ _______
For the year ending 30 September 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors responsibilities:
- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;
- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the abridged statement of comprehensive income has not been delivered.
All of the members have consented to the preparation of the abridged statement of comprehensive income and the abridged statement of financial position for the current year ending 30 September 2024 in accordance with Section 444(2A) of the Companies Act 2006.
These financial statements were approved by the board of directors and authorised for issue on 11 February 2025 , and are signed on behalf of the board by:
J. Diaz-Sanchez
Director
Company registration number: 08189180
Park Steel Structures Limited
Statement of changes in equity
Year ended 30 September 2024
Called up share capital Profit and loss account Total
£ £ £
At 1 October 2022 1 1,097,684 1,097,685
Profit for the year 66,056 66,056
_______ _______ _______
Total comprehensive income for the year - 66,056 66,056
_______ _______ _______
At 30 September 2023 and 1 October 2023 1 1,163,740 1,163,741
Profit for the year 116,405 116,405
_______ _______ _______
Total comprehensive income for the year - 116,405 116,405
_______ _______ _______
At 30 September 2024 1 1,280,145 1,280,146
_______ _______ _______
Park Steel Structures Limited
Notes to the financial statements
Year ended 30 September 2024
1. General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 1A Smithy Mills Lane, Adel, Leeds, LS16 8HF.
2. Statement of compliance
These financial statements have been prepared in compliance with the provisions of FRS 102, Section 1A, 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Turnover
Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax.
Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.
Tangible assets
tangible assets are initially recorded at cost, and are subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in capital and reserves, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in capital and reserves in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in capital and reserves in respect of that asset, the excess shall be recognised in profit or loss.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Fittings fixtures and equipment - 25 % reducing balance
Motor vehicles - 25 % reducing balance
If there is an indication that there has been a significant change in depreciation rate, useful life or residual value of tangible assets, the depreciation is revised prospectively to reflect the new estimates.
Defined contribution plans
Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund. When contributions are not expected to be settled wholly within 12 months of the end of the reporting date in which the employees render the related service, the liability is measured on a discounted present value basis. The unwinding of the discount is recognised in finance costs in profit or loss in the period in which it arises.
4. Tangible assets
£
Cost
At 1 October 2023 63,626
Additions 27,000
_______
At 30 September 2024 90,626
_______
Depreciation
At 1 October 2023 45,789
Charge for the year 11,209
_______
At 30 September 2024 56,998
_______
Carrying amount
At 30 September 2024 33,628
_______
At 30 September 2023 17,837
_______