Acorah Software Products - Accounts Production 16.5.460 false true 29 February 2024 1 March 2023 false 1 March 2024 28 February 2025 28 February 2025 07939893 The Chamber Of Shipping Limited Richard Ballantyne The United Kingdom Major Ports Group Limited Port Skills And Safety Limited iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 07939893 2024-02-29 07939893 2025-02-28 07939893 2024-03-01 2025-02-28 07939893 frs-core:CurrentFinancialInstruments 2025-02-28 07939893 frs-core:ShareCapital 2025-02-28 07939893 frs-core:RetainedEarningsAccumulatedLosses 2025-02-28 07939893 frs-bus:PrivateLimitedCompanyLtd 2024-03-01 2025-02-28 07939893 frs-bus:FilletedAccounts 2024-03-01 2025-02-28 07939893 frs-bus:SmallEntities 2024-03-01 2025-02-28 07939893 frs-bus:AuditExempt-NoAccountantsReport 2024-03-01 2025-02-28 07939893 frs-bus:SmallCompaniesRegimeForAccounts 2024-03-01 2025-02-28 07939893 frs-bus:Director1 2024-03-01 2025-02-28 07939893 frs-bus:Director2 2024-03-01 2025-02-28 07939893 frs-bus:Director3 2024-03-01 2025-02-28 07939893 frs-bus:Director4 2024-03-01 2025-02-28 07939893 frs-countries:EnglandWales 2024-03-01 2025-02-28 07939893 2023-02-28 07939893 2024-02-29 07939893 2023-03-01 2024-02-29 07939893 frs-core:CurrentFinancialInstruments 2024-02-29 07939893 frs-core:ShareCapital 2024-02-29 07939893 frs-core:RetainedEarningsAccumulatedLosses 2024-02-29
Registered number: 07939893
30 Park Street Limited
Unaudited Financial Statements
For The Year Ended 28 February 2025
Portt & Co
Contents
Page
Balance Sheet 1
Notes to the Financial Statements 2—3
Page 1
Balance Sheet
Registered number: 07939893
2025 2024
Notes £ £ £ £
CURRENT ASSETS
Debtors 5 29,730 91,590
Cash at bank and in hand 109,229 16,119
138,959 107,709
Creditors: Amounts Falling Due Within One Year 6 (135,116 ) (105,536 )
NET CURRENT ASSETS (LIABILITIES) 3,843 2,173
TOTAL ASSETS LESS CURRENT LIABILITIES 3,843 2,173
NET ASSETS 3,843 2,173
CAPITAL AND RESERVES
Called up share capital 7 200 200
Profit and Loss Account 3,643 1,973
SHAREHOLDERS' FUNDS 3,843 2,173
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 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 company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Richard Ballantyne
Director
19/08/2025
The notes on pages 2 to 3 form part of these financial statements.
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Page 2
Notes to the Financial Statements
1. General Information
30 Park Street Limited is a private company, limited by shares, incorporated in England & Wales, registered number 07939893 . The registered office is 30 Park Street, Ground Floor, London, SE1 9EQ.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
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. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.3. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
Current and deferred tax are recognised in profit or loss for the year, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case current and deferred tax are recognised in other comprehensive income or directly in equity respectively.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 1 (2024: 1)
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4. Prior Period Adjustment
Re-classification of corporation tax creditor (comparative figures)
In the financial statements for the year ended 29 February 2024, corporation tax payable of £398 was mistakenly recorded as a corporation tax asset within “Debtors: amounts falling due within one year”.
The error has been corrected in these financial statements by re-classifying the amount to “Corporation tax payable” within “Creditors: amounts falling due within one year”. The adjustment affects presentation only and has no impact on profit for the year, net assets or cash flows.
The effect of the restatement on the 2024 comparative balance sheet is summarised below:
29 February 2024      As previously stated      Adjustment       Restated
Current assets             £91,192                           £398                  £91,590
Current liabilities        (£105,138)                       (£398)              (£105,536)
5. Debtors
2025 2024
£ £
Due within one year
Trade debtors 158 57,375
Other debtors 29,572 34,215
29,730 91,590
6. Creditors: Amounts Falling Due Within One Year
2025 2024
£ £
Trade creditors 79,523 74,010
Other creditors 55,201 31,128
Taxation and social security 392 398
135,116 105,536
7. Share Capital
2025 2024
£ £
Called Up Share Capital not Paid 100 100
Called Up Share Capital has been paid up 100 100
Amount of Allotted, Called Up Share Capital 200 200
8. Related Party Transactions
Included within creditors is the following loan from a director: at the start of the period the value of the loan was £nil (2024:£nil), during the period repayments were made of £nil (2024: £nil), there were advances of £40,009 (2024:
£nil), the total value of the loan at the end of the period was £40,009 (2024: £nil).
There was no interest charged on this loan, and the loan was repaid in full after the period end.
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