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PARKCITY MULTITRADE LIMITED

Unaudited Financial Statements

for the Year Ended 31st May 2025






PARKCITY MULTITRADE LIMITED (REGISTERED NUMBER: 08071872)






Contents of the Financial Statements
for the year ended 31st May 2025




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


PARKCITY MULTITRADE LIMITED

Company Information
for the year ended 31st May 2025







DIRECTORS: Mrs V Williams
M Davies





REGISTERED OFFICE: Unit 10 New Vision Business Park
Glascoed Road
St Asaph
Denbighshire





REGISTERED NUMBER: 08071872 (England and Wales)






PARKCITY MULTITRADE LIMITED (REGISTERED NUMBER: 08071872)

Balance Sheet
31st May 2025

2025 2024
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 758,854 710,377
Investment property 5 410,626 291,162
1,169,480 1,001,539

CURRENT ASSETS
Work in progress 1,392,813 911,038
Debtors 6 486,093 386,448
Cash at bank and in hand 3,081,119 3,363,755
4,960,025 4,661,241
CREDITORS
Amounts falling due within one year 7 1,050,431 1,175,831
NET CURRENT ASSETS 3,909,594 3,485,410
TOTAL ASSETS LESS CURRENT LIABILITIES 5,079,074 4,486,949

CREDITORS
Amounts falling due after more than one
year

8

19,711

5,393
NET ASSETS 5,059,363 4,481,556

CAPITAL AND RESERVES
Called up share capital 101 101
Retained earnings 5,059,262 4,481,455
SHAREHOLDERS' FUNDS 5,059,363 4,481,556

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st May 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st May 2025 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

PARKCITY MULTITRADE LIMITED (REGISTERED NUMBER: 08071872)

Balance Sheet - continued
31st May 2025


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

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 13th August 2025 and were signed on its behalf by:





Mrs V Williams - Director


PARKCITY MULTITRADE LIMITED (REGISTERED NUMBER: 08071872)

Notes to the Financial Statements
for the year ended 31st May 2025

1. STATUTORY INFORMATION

Parkcity Multitrade Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).


2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 15% on reducing balance
Fixtures and fittings - 15% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 25% on cost

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

Stocks
Work in progress and work in progress are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing work in progress to their present location and condition.

Financial instruments
Trade creditors and directors loan (being repayable on demand) are measured at the undiscounted amount of cash or other consideration expected to be paid or received.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.


PARKCITY MULTITRADE LIMITED (REGISTERED NUMBER: 08071872)

Notes to the Financial Statements - continued
for the year ended 31st May 2025

2. ACCOUNTING POLICIES - continued
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 46 (2024 - 55 ) .

4. TANGIBLE FIXED ASSETS
Improvements Fixtures
to Plant and and
property machinery fittings
£    £    £   
COST
At 1st June 2024 17,265 111,925 14,275
Additions - 21,623 1,961
Disposals - - -
At 31st May 2025 17,265 133,548 16,236
DEPRECIATION
At 1st June 2024 10,124 58,123 8,699
Charge for year 1,071 11,314 1,131
Eliminated on disposal - - -
At 31st May 2025 11,195 69,437 9,830
NET BOOK VALUE
At 31st May 2025 6,070 64,111 6,406
At 31st May 2024 7,141 53,802 5,576

PARKCITY MULTITRADE LIMITED (REGISTERED NUMBER: 08071872)

Notes to the Financial Statements - continued
for the year ended 31st May 2025

4. TANGIBLE FIXED ASSETS - continued

Motor Computer
vehicles equipment Totals
£    £    £   
COST
At 1st June 2024 1,140,435 30,396 1,314,296
Additions 409,576 - 433,160
Disposals (281,606 ) - (281,606 )
At 31st May 2025 1,268,405 30,396 1,465,850
DEPRECIATION
At 1st June 2024 502,500 24,473 603,919
Charge for year 226,734 3,858 244,108
Eliminated on disposal (141,031 ) - (141,031 )
At 31st May 2025 588,203 28,331 706,996
NET BOOK VALUE
At 31st May 2025 680,202 2,065 758,854
At 31st May 2024 637,935 5,923 710,377

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1st June 2024 291,162
Additions 266,124
Disposals (146,660 )
At 31st May 2025 410,626
NET BOOK VALUE
At 31st May 2025 410,626
At 31st May 2024 291,162

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2025 2024
£    £   
Trade debtors 478,031 378,468
Amounts owed by associates 842 760
Other debtors 7,220 7,220
486,093 386,448

PARKCITY MULTITRADE LIMITED (REGISTERED NUMBER: 08071872)

Notes to the Financial Statements - continued
for the year ended 31st May 2025

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2025 2024
£    £   
Hire purchase contracts 16,309 7,190
Trade creditors 337,324 405,378
Taxation and social security 693,000 758,668
Other creditors 3,798 4,595
1,050,431 1,175,831

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2025 2024
£    £   
Hire purchase contracts 19,711 5,393

9. RELATED PARTY DISCLOSURES

As of 31 May 2025 the company is owed £842 (2024 - £759) from Parkcity Painting Limited, a company of which Vanessa Williams and Matthew Davies are also directors.