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Registered number: 13176985









PARKSERVE SOLUTIONS LIMITED









FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 30 NOVEMBER 2024

 
PARKSERVE SOLUTIONS LIMITED
REGISTERED NUMBER: 13176985

BALANCE SHEET
AS AT 30 NOVEMBER 2024

2024
2023
Note
£
£

Fixed assets
  

Tangible assets
 4 
31,645
42,588

  
31,645
42,588

Current assets
  

Debtors: amounts falling due within one year
 5 
821,524
1,023,466

Cash at bank and in hand
 6 
858,946
1,041,285

  
1,680,470
2,064,751

Creditors: amounts falling due within one year
 7 
(1,167,986)
(1,671,264)

Net current assets
  
 
 
512,484
 
 
393,487

Total assets less current liabilities
  
544,129
436,075

Provisions for liabilities
  

Deferred tax
 8 
(7,911)
(10,647)

  
 
 
(7,911)
 
 
(10,647)

Net assets
  
536,218
425,428


Capital and reserves
  

Called up share capital 
 9 
100
100

Profit and loss account
  
536,118
425,328

  
536,218
425,428


Page 1

 
PARKSERVE SOLUTIONS LIMITED
REGISTERED NUMBER: 13176985
    
BALANCE SHEET (CONTINUED)
AS AT 30 NOVEMBER 2024

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The company has opted not to file the statement of comprehensive income in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf by: 




M Tomlinson
Director

Date: 30 June 2025

The notes on pages 3 to 8 form part of these financial statements.

Page 2

 
PARKSERVE SOLUTIONS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2024

1.


General information

Parkserve Solutions Limited is a company incorporated and registered in the England and Wales. The address of the registered office is Collingwood House, Schooner Court, Crossways Business Park, Dartford, Kent, DA2 6QQ.
The principal activity of the company is facilities management, including the provision of mechanical, electrical and civil engineering services.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The following principal accounting policies have been applied:

 
2.2

Going concern

The directors have undertaken a going concern assessment and conclude that there are no significant uncertainties that would impact the company's ability to continue as a going concern for the next 12 months. These financial statements have therefore been prepared on a going concern basis.

 
2.3

Revenue

Revenue arises from facility management contracts and is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The amount of revenue included reflects the accruals of the right to consideration as the contract activity progresses by reference to the value of the work performed. The following criteria must also be met before revenue is recognised:

Rendering of services on property and civil engineering contracts
Revenue from a contract to provide facilities management property and engineering services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
• the amount of revenue can be measured reliably;
• it is probable that the Company will receive the consideration due under the contract;
• the stage of completion of the contract at the end of the reporting period can be measured reliably;
• the costs incurred and the costs to complete the contract can be measured reliably; and
• where the contract outcome cannot be measured reliably, revenue is recognised only to the extent  
  of the expenses recognised that are recoverable.
 

Page 3

 
PARKSERVE SOLUTIONS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2024

2.Accounting policies (continued)

 
2.4

Interest income

Interest income is recognised in profit or loss using the effective interest method.

 
2.5

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

 
2.6

Current and deferred taxation

The tax expense for the year comprises current and deferred tax. Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the company operates and generates income.

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the balance sheet date, except that:
The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and
Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.

Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the balance sheet date.


 
2.7

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Page 4

 
PARKSERVE SOLUTIONS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2024

2.Accounting policies (continued)


2.7
Tangible fixed assets (continued)

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, on the following bases:.


Motor vehicles
-
25%
Reducing balance
Office equipment
-
33%
Reducing balance

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

 
2.8

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

 
2.9

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
2.10

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

 
2.11

Provisions for liabilities

Provisions are recognised when an event has taken place that gives rise to a legal or constructive obligation, a transfer of economic benefits is probable and a reliable estimate can be made.
Provisions are measured as the best estimate of the amount required to settle the obligation, taking into account the related risks and uncertainties.
 
Increases in provisions are generally charged as an expense to profit or loss.

Page 5

 
PARKSERVE SOLUTIONS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2024

2.Accounting policies (continued)

  
2.12

Financial instruments

The company only enters into basic financial instrument transactions that result in the recognition of
financial assets and liabilities like trade and other debtors and creditors, loans from banks and other
third parties, loans to related parties and investments in ordinary shares.
Debt instruments (other than those wholly repayment or receivable within one year), including loans and other accounts receivable and payable, are initially measured at present value of the future cash flows and subsequently at amortised costs the effective interest method. Debt instruments that are payable or receivable within one year, typi.cally trade debtors and creditors, are measured, initially and subsequently, at the undiscounted amount of the cash or other consideration expected to be paid or received. However, if the arrangements of a short-term instrument constitute a financing transaction, like the payment of a trade debt deferred beyond normal business terms or in case of an out-right short-term loan that is not at market rate, the financial asset or liability is measured, initially at the present value of future cash flows discounted at market rate of interest for similar debt instrument and subsequently at amortised cost unless it qualifies as a loan from a director in the case of small company, or a public entity concessionary loan.


3.


Employees

The average monthly number of employees, including directors, during the year was 3 (2023 - 3).


4.


Tangible fixed assets





Motor vehicles
Office equipment
Total

£
£
£



Cost or valuation


At 1 December 2023
50,718
5,450
56,168



At 30 November 2024

50,718
5,450
56,168



Depreciation


At 1 December 2023
11,688
1,892
13,580


Charge for the year on owned assets
9,758
1,185
10,943



At 30 November 2024

21,446
3,077
24,523



Net book value



At 30 November 2024
29,272
2,373
31,645



At 30 November 2023
39,030
3,558
42,588

Page 6

 
PARKSERVE SOLUTIONS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2024

5.


Debtors

2024
2023
£
£


Trade debtors
47,863
198,403

Amounts owed by group undertakings
30,140
-

Other debtors
39,485
2,949

Prepayments and accrued income
704,036
822,114

821,524
1,023,466



6.


Cash and cash equivalents

2024
2023
£
£

Cash at bank and in hand
858,946
1,041,285

858,946
1,041,285



7.


Creditors: Amounts falling due within one year

2024
2023
£
£

Trade creditors
166,368
226,075

Amounts owed to group undertakings
23,386
51

Corporation tax
40,076
46,237

Other taxation and social security
9,173
4,644

Other creditors
796
894

Accruals and deferred income
928,187
1,393,363

1,167,986
1,671,264


Page 7

 
PARKSERVE SOLUTIONS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2024

8.


Deferred taxation




2024
2023


£

£






At beginning of year
(10,647)
(13,378)


Charged to profit or loss
2,736
2,731



At end of year
(7,911)
(10,647)

The provision for deferred taxation is made up as follows:

2024
2023
£
£


Accelerated capital allowances
(7,911)
(10,647)

(7,911)
(10,647)


9.


Share capital

2024
2023
£
£
Allotted, called up and fully paid



100 (2023 - 100) Ordinary shares of £1.00 each
100
100



10.


Controlling party

The parent undertaking of the smallest group for which consolidated accounts are available, is Coniston Holdings Limited, a company registered in England and Wales, at Collingwood House, Schooner Court, Crossways, Dartford, Kent, DA2 6QQ.


11.


Auditors' information

The auditors' report on the financial statements for the year ended 30 November 2024 was unqualified.

The audit report was signed on 2 July 2025 by Ben Bradley (Senior statutory auditor) on behalf of Barnes Roffe Audit Limited.

 
Page 8