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Company Registration No. 10634316 (England and Wales)
PARC STORE LTD Unaudited accounts for the year ended 28 February 2025
PARC STORE LTD Unaudited accounts Contents
Page
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PARC STORE LTD Company Information for the year ended 28 February 2025
Director
DHIRESH BHIMJI PATEL
Company Number
10634316 (England and Wales)
Registered Office
Parc Store 2 Cilparc PORTHCAWL CF36 5ES
Accountants
Numera Accountancy Ltd Certified Public Accountants 39 Clive Street CARDIFF CF11 7HJ
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PARC STORE LTD Statement of financial position as at 28 February 2025
2025 
2024 
Notes
£ 
£ 
Fixed assets
Intangible assets
33,500 
50,250 
Tangible assets
6,095 
7,172 
39,595 
57,422 
Current assets
Inventories
18,890 
20,340 
Debtors
249 
56 
Cash at bank and in hand
149,493 
151,200 
168,632 
171,596 
Creditors: amounts falling due within one year
(28,593)
(31,166)
Net current assets
140,039 
140,430 
Total assets less current liabilities
179,634 
197,852 
Creditors: amounts falling due after more than one year
(72,360)
(119,701)
Net assets
107,274 
78,151 
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
107,174 
78,051 
Shareholders' funds
107,274 
78,151 
For the year ending 28 February 2025 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 in accordance with section 476 of the Companies Act 2006.
The director acknowledges his 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 17 July 2025 and were signed on its behalf by
DHIRESH BHIMJI PATEL Director Company Registration No. 10634316
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PARC STORE LTD Notes to the Accounts for the year ended 28 February 2025
1
Statutory information
PARC STORE LTD is a private company, limited by shares, registered in England and Wales, registration number 10634316. The registered office is Parc Store, 2 Cilparc , PORTHCAWL , CF36 5ES.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Deferred taxation
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.
Intangible fixed assets
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
Inventories
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
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PARC STORE LTD Notes to the Accounts for the year ended 28 February 2025
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Land & buildings
0.00
Plant & machinery
15%
Motor vehicles
15%
Fixtures & fittings
15%
Computer equipment
15%
Other tangible fixed assets
15%
4
Intangible fixed assets
Goodwill 
£ 
Cost
At 1 March 2024
167,500 
At 28 February 2025
167,500 
Amortisation
At 1 March 2024
117,250 
Charge for the year
16,750 
At 28 February 2025
134,000 
Net book value
At 28 February 2025
33,500 
At 29 February 2024
50,250 
Goodwill is amortised on the basis of 10 years useful life on straight line method. It includes the adjustments for previous years, if any.
5
Tangible fixed assets
Plant & machinery 
Computer equipment 
Total 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At 1 March 2024
9,097 
840 
9,937 
At 28 February 2025
9,097 
840 
9,937 
Depreciation
At 1 March 2024
2,532 
233 
2,765 
Charge for the year
986 
91 
1,077 
At 28 February 2025
3,518 
324 
3,842 
Net book value
At 28 February 2025
5,579 
516 
6,095 
At 29 February 2024
6,565 
607 
7,172 
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PARC STORE LTD Notes to the Accounts for the year ended 28 February 2025
6
Debtors
2025 
2024 
£ 
£ 
Amounts falling due within one year
Trade debtors
62 
56 
Accrued income and prepayments
187 
- 
249 
56 
7
Creditors: amounts falling due within one year
2025 
2024 
£ 
£ 
VAT
2,031 
587 
Trade creditors
10,805 
15,501 
Taxes and social security
10,564 
10,988 
Other creditors
1,141 
721 
Accruals
4,052 
3,369 
28,593 
31,166 
8
Creditors: amounts falling due after more than one year
2025 
2024 
£ 
£ 
Other creditors
525 
- 
Loans from directors
71,835 
119,701 
72,360 
119,701 
9
Average number of employees
During the year the average number of employees was 0 (2024: 0).
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