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REGISTERED NUMBER: 12303866 (England and Wales)









Unaudited Financial Statements

for the Year Ended 30 November 2024

for

Parkhead Paving Ltd

Parkhead Paving Ltd (Registered number: 12303866)






Contents of the Financial Statements
for the Year Ended 30 November 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Parkhead Paving Ltd

Company Information
for the Year Ended 30 November 2024







DIRECTORS: L Ruddiforth
Mrs A Ruddiforth





REGISTERED OFFICE: 60 Alms Hill Road
Sheffield
S11 9RS





REGISTERED NUMBER: 12303866 (England and Wales)





ACCOUNTANTS: Camplejohn Rowan
CFC House
Acorn Business Park
Woodseats Close
Sheffield
South Yorkshire
S8 0TB

Parkhead Paving Ltd (Registered number: 12303866)

Balance Sheet
30 November 2024

30.11.24 30.11.23
Notes £    £   
FIXED ASSETS
Tangible assets 4 30,749 40,492

CURRENT ASSETS
Stocks 94,742 52,918
Debtors 5 109,976 -
Cash at bank 1,520 1,261
206,238 54,179
CREDITORS
Amounts falling due within one year 6 (220,525 ) (64,535 )
NET CURRENT LIABILITIES (14,287 ) (10,356 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

16,462

30,136

CREDITORS
Amounts falling due after more than one
year

7

(8,086

)

(19,822

)

PROVISIONS FOR LIABILITIES (7,687 ) (10,123 )
NET ASSETS 689 191

CAPITAL AND RESERVES
Called up share capital 8 100 100
Retained earnings 9 589 91
SHAREHOLDERS' FUNDS 689 191

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 November 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 2024 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.

Parkhead Paving Ltd (Registered number: 12303866)

Balance Sheet - continued
30 November 2024


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 26 February 2025 and were signed on its behalf by:





L Ruddiforth - Director


Parkhead Paving Ltd (Registered number: 12303866)

Notes to the Financial Statements
for the Year Ended 30 November 2024

1. STATUTORY INFORMATION

Parkhead Paving Ltd 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.

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 represents the sale of services. It is recognised when the services are provided.

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 - 25% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 25% on reducing balance

Stocks
Work in progress is valued at the lower of cost and net realisable value.

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

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.

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 2 (2023 - 2 ) .

Parkhead Paving Ltd (Registered number: 12303866)

Notes to the Financial Statements - continued
for the Year Ended 30 November 2024

4. TANGIBLE FIXED ASSETS
Plant and Motor Computer
machinery vehicles equipment Totals
£    £    £    £   
COST
At 1 December 2023 31,881 21,059 1,049 53,989
Additions 507 - - 507
At 30 November 2024 32,388 21,059 1,049 54,496
DEPRECIATION
At 1 December 2023 7,970 5,265 262 13,497
Charge for year 6,105 3,948 197 10,250
At 30 November 2024 14,075 9,213 459 23,747
NET BOOK VALUE
At 30 November 2024 18,313 11,846 590 30,749
At 30 November 2023 23,911 15,794 787 40,492

Assets held on hire purchase contracts had a net book value at the year end of £11,846 (2023: £15,794). Depreciation charged on these assets during the year was £3,948 (2023: £5,265).

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.11.24 30.11.23
£    £   
Trade debtors 3,157 -
Other debtors 5,500 -
Directors' current accounts 101,319 -
109,976 -

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.11.24 30.11.23
£    £   
Hire purchase contracts 11,736 11,736
Trade creditors 26,415 -
Tax 70,890 27,803
Social security and other taxes 19,138 -
VAT 78,551 13,699
Other creditors 13,795 11,288
Directors' current accounts - 9
220,525 64,535

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
30.11.24 30.11.23
£    £   
Hire purchase contracts 8,086 19,822

Parkhead Paving Ltd (Registered number: 12303866)

Notes to the Financial Statements - continued
for the Year Ended 30 November 2024

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 30.11.24 30.11.23
value: £    £   
100 Ordinary £1 100 100

9. RESERVES
Retained
earnings
£   

At 1 December 2023 91
Profit for the year 124,498
Dividends (124,000 )
At 30 November 2024 589