9253887falseSecond hand car dealer2023-11-012024-10-31http://www.companieshouse.gov.uk/2023-10-31http://www.companieshouse.gov.uk/pt:PlantMachinery2023-10-31http://www.companieshouse.gov.uk/pt:ShareCapital2023-10-31http://www.companieshouse.gov.uk/cd:Director12023-11-012024-10-31http://www.companieshouse.gov.uk/pt:PlantMachinery2024-10-31http://www.companieshouse.gov.uk/pt:ShareCapital2024-10-31http://www.companieshouse.gov.uk/cd:OrdinaryShareClass12023-11-012024-10-31http://www.companieshouse.gov.uk/pt:MotorCars2023-10-31http://www.companieshouse.gov.uk/cd:RegisteredOffice2023-11-012024-10-31http://www.companieshouse.gov.uk/pt:MotorCars2024-10-31http://www.companieshouse.gov.uk/cd:AuditExemptWithAccountantsReport2023-11-012024-10-31http://www.companieshouse.gov.uk/pt:CurrentFinancialInstruments2024-10-31http://www.companieshouse.gov.uk/pt:CurrentFinancialInstruments2023-10-31http://www.companieshouse.gov.uk/2023-11-012024-10-31http://www.companieshouse.gov.uk/2023-10-31http://www.companieshouse.gov.uk/cd:FRS1022023-11-012024-10-31http://www.companieshouse.gov.uk/2024-10-31http://www.companieshouse.gov.uk/cd:FullAccounts2023-11-012024-10-31http://www.companieshouse.gov.uk/cd:PrivateLimitedCompanyLtd2023-11-012024-10-31iso4217:GBPxbrli:sharesxbrli:pure
Registered number: 9253887

PARKSIDE MOTORS LTD

ACCOUNTS
FOR THE YEAR ENDED 31/10/2024

Prepared By:
DK Accounting Services Ltd
Chartered Certified Accoutants
8 Flora Close
Stanmore
HA7 4PY

PARKSIDE MOTORS LTD

ACCOUNTS
FOR THE YEAR ENDED 31/10/2024
DIRECTORS
Gokhan Kismar
REGISTERED OFFICE
200 Burntoak Broadway
Edgware
Middlesex
HA8 0AP
COMPANY DETAILS
Private company limited by shares registered in EW - England and Wales, registered number 9253887
ACCOUNTANTS
DK Accounting Services Ltd
Chartered Certified Accoutants
8 Flora Close
Stanmore
HA7 4PY

PARKSIDE MOTORS LTD

ACCOUNTS
FOR THEYEARENDED31/10/2024
CONTENTS
Page
Directors' Report-
Accountants' Report-
Statement Of Comprehensive Income-
Balance Sheet3
Notes To The Accounts4
The following do not form part of the statutory financial statements:
Trading And Profit And Loss Account-
Profit And Loss Account Summaries-

PARKSIDE MOTORS LTD

BALANCE SHEET AT 31/10/2024
20242023
Notes££
FIXED ASSETS
Tangible assets344,36848,672
CURRENT ASSETS
Stock1,190,6121,117,993
Debtors5393,330145,153
Cash at bank and in hand7179,916
1,584,6591,273,062
CREDITORS: Amounts falling due within one year61,551,9961,189,190
NET CURRENT ASSETS32,66383,872
TOTAL ASSETS LESS CURRENT LIABILITIES77,031132,544
CAPITAL AND RESERVES
Called up share capital7100100
Profit and loss account76,931132,444
SHAREHOLDERS' FUNDS77,031132,544
For the year ending 31/10/2024 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.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The directors have decided not to deliver to the registrar a copy of the company's profit and loss account.
Approved by the board on 08/07/2025 and signed on their behalf by
.............................
Gokhan Kismar
Director

PARKSIDE MOTORS LTD

NOTES TO THE ACCOUNTS
FOR THE YEAR ENDED 31/10/2024
1. ACCOUNTING POLICIES
1a. Basis Of Accounting
The accounts have been prepared under the historical cost convention.
The accounts have been prepared in accordance with FRS102 section 1A - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006 .
1b. Depreciation
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives.
Plant and Machinery 15%
Motor Cars 25%
1c. Stocks
Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell (net realisable value). Costs, which comprise direct production costs, are based on the method most appropriate to the type of inventory class, but usually on a first-in-first-out basis. Overheads are charged to profit or loss as incurred. Net realisable value is based on the estimated selling price less any estimated completion or selling costs.
When stocks are sold, the carrying amount of those stocks is recognised as an expense in the period in which the related revenue is recognised. The amount of any write-down of stocks to net realisable value and all losses of stocks are recognised as an expense in the period in which the write-down or loss occurs. The amount of any reversal of any write-down of stocks is recognised as a reduction in the amount of stocks recognised as an expense in the period in which the reversal occurs.
2. EMPLOYEES
20242023
No.No.
Average number of employees44

PARKSIDE MOTORS LTD

3. TANGIBLE FIXED ASSETS
Plant and
MachineryMotor CarsTotal
£££
Cost
At 01/11/202368,68728,12596,812
Additions4,573-4,573
At 31/10/202473,26028,125101,385
Depreciation
At 01/11/202328,91419,22648,140
For the year6,6522,2258,877
At 31/10/202435,56621,45157,017
Net Book Amounts
At 31/10/202437,6946,67444,368
At 31/10/202339,7738,89948,672
4. STOCK 20242023
££
Stock comprises:
Stock1,190,6121,117,993
1,190,6121,117,993
5. DEBTORS 20242023
££
Amounts falling due within one year
Trade debtors344,494123,417
VAT11,9742,906
Other debtors Rent Deposit9,6009,600
Directors current account5,039-
Loan sedulous Ltd22,2239,230
393,330145,153

PARKSIDE MOTORS LTD

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
20242023
££
UK corporation tax42,17454,523
PAYE control11,1023,616
Directors current account-617
Bank loans and overdrafts24,521-
BIZCAP LOAN ID BU195180857,473-
Loan Fleximizw cap ltd 183,926-
SANTANDER BOUNCE BACK LOAN 31,48238,889
MAXCAP MAXIMISE LOAN60,63550,464
FUNDING CIRCLE48,454-
CAPIFY UK SME LOANS39-
Trade creditors23,64950,001
Nextgear loan359,473358,608
Capital On Tap Credit Card36,19036,196
Accruals-3,917
AMERICAN EXPRESS12,551-
Barclaycard commercial11,46512,181
BCA LOAN 648,862580,178
1,551,9961,189,190
7. SHARE CAPITAL 20242023
££
Allotted, issued and fully paid:
100 Ordinary shares of £1.00 each100100
100100