2024-04-012025-03-312025-03-31false10811018PARKWORX 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PARKWORX LIMITED

Registered Number
10811018
(England and Wales)

Unaudited Financial Statements for the Year ended
31 March 2025

PARKWORX LIMITED
Company Information
for the year from 1 April 2024 to 31 March 2025

Director

PARKER, Christopher

Registered Address

Greenwood Accountancy 5 - 7 Pellew Arcade
Teign Street
Teignmouth
TQ14 8PE

Registered Number

10811018 (England and Wales)
PARKWORX LIMITED
Statement of Financial Position
31 March 2025

Notes

2025

2024

£

£

£

£

Fixed assets
Tangible assets328,2864,813
28,2864,813
Current assets
Debtors466,57725,241
Cash at bank and on hand46,6369,242
113,21334,483
Creditors amounts falling due within one year5(58,175)(13,065)
Net current assets (liabilities)55,03821,418
Total assets less current liabilities83,32426,231
Creditors amounts falling due after one year6(25,461)(14,739)
Net assets57,86311,492
Capital and reserves
Called up share capital11
Profit and loss account57,86211,491
Shareholders' funds57,86311,492
The financial statements were approved and authorised for issue by the Director on 22 May 2025, and are signed on its behalf by:
PARKER, Christopher
Director
Registered Company No. 10811018
PARKWORX LIMITED
Notes to the Financial Statements
for the year ended 31 March 2025

1.Accounting policies
Statutory information
The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.
Statement of compliance
The financial statements have been prepared in accordance with the Companies Act 2006 and FRS 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland including Section 1A Small Entities.
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, the financial reporting standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover policy
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services.
Finance costs
Finance costs charged to the profit or loss include interest expense calculated using the effective interest method from FRS 102:11, finance charges on finance leases, and exchange differences on foreign currency borrowings where these are treated as an adjustment to interest costs.
Current taxation
Current tax is recognised in profit or loss, except for taxes related to revaluations of land and buildings which are recognised in other comprehensive income. Current tax represents the amount of tax payable (receivable) in respect of taxable profit (loss) for the current, or past, reporting periods. Current tax is measured at the amount expected to be paid (recovered) using the tax rates and laws which have been enacted, or substantively enacted, by the balance sheet date. Where payments to HM Revenue and Customs exceed liabilities owed, an asset is recognised to the extent of the amount of tax recoverable.
Tangible fixed assets and depreciation
All fixed assets are initially recorded at cost. Property, plant and equipment is used in the company's principal activity for the production and supply of goods or for administrative purposes and is stated in the balance sheet under the historic cost model. This model requires the assets to be stated at cost less amounts in respect of depreciation and less any accumulated impairment losses. Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value (which is the expected amount that would currently be obtained from disposal of an asset, after deducting the estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life), over the useful economic life of the respective asset as follows:

Reducing balance (%)
Vehicles20
Finance leases and hire purchase contracts
Assets held under finance leases which are leases where substantially all the risks and rewards of ownership of the asset have passed to the company, and hire purchase contracts are capitalised in the balance sheet. They are depreciated over the shorter of their useful lives or the term of the lease.
2.Average number of employees

20252024
Average number of employees during the year44
3.Tangible fixed assets

Vehicles

Total

££
Cost or valuation
At 01 April 2410,50010,500
Additions24,85024,850
At 31 March 2535,35035,350
Depreciation and impairment
At 01 April 245,6875,687
Charge for year1,3771,377
At 31 March 257,0647,064
Net book value
At 31 March 2528,28628,286
At 31 March 244,8134,813
4.Debtors: amounts due within one year

2025

2024

££
Trade debtors / trade receivables62,12424,645
Other debtors4,453596
Total66,57725,241
5.Creditors: amounts due within one year

2025

2024

££
Trade creditors / trade payables25,8304,302
Bank borrowings and overdrafts2,889-
Taxation and social security16,6745,387
Finance lease and HP contracts4,311-
Other creditors8,4713,376
Total58,17513,065
6.Creditors: amounts due after one year

2025

2024

££
Bank borrowings and overdrafts9,32214,739
Other creditors16,139-
Total25,46114,739
7.Obligations under finance leases

2025

2024

££
Finance lease and HP contracts16,139-