Parkdale Joinery Ltd - Accounts to registrar (filleted)

REGISTERED NUMBER: 08008197 (England and Wales)

Parkdale Joinery Ltd

Unaudited Financial Statements for the Year Ended 31 March 2025

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

J T Parkinson

Mrs A L Parkinson

SECRETARY:

Mrs A L Parkinson

REGISTERED OFFICE:

Tally Ho

Haighton Green Lane

Haighton

Preston

Lancashire

PR2 5SS

REGISTERED NUMBER:

08008197 (England and Wales)

ACCOUNTANTS:

Addison & Co

Ebor House

91 Galgate

Barnard Castle

Co Durham

DL12 8ES

FIXED ASSETS

Tangible assets

4

132,753

126,949

CURRENT ASSETS

Stocks

23,166

24,650

Debtors

5

19,179

22,394

Cash at bank

30,031

18,790

72,376

65,834

CREDITORS

Amounts falling due within one year

6

114,648

87,910

NET CURRENT LIABILITIES

(42,272

)

(22,076

)

TOTAL ASSETS LESS CURRENT
LIABILITIES

90,481

104,873

CREDITORS

Amounts falling due after more than one
year

7

(1,462

)

(12,542

)

PROVISIONS FOR LIABILITIES

(14,691

)

(15,215

)

NET ASSETS

74,328

77,116

CAPITAL AND RESERVES

Called up share capital

100

Retained earnings

74,228

77,016

SHAREHOLDERS' FUNDS

74,328

77,116

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 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.

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 24 December 2025 and were signed on its behalf by:

J T Parkinson - Director

1.	STATUTORY INFORMATION

Parkdale Joinery 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 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

Motor vehicles

-

20% on reducing balance

Stocks

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

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.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2024 - 3 ) .

4.	TANGIBLE FIXED ASSETS

Improvements

Freehold

to

Plant and

property

machinery

£

COST

At 1 April 2024

50,719

16,481

92,607

Additions

-

18,500

At 31 March 2025

50,719

16,481

111,107

DEPRECIATION

At 1 April 2024

-

47,055

Charge for year

-

9,608

At 31 March 2025

-

56,663

NET BOOK VALUE

At 31 March 2025

50,719

16,481

54,444

At 31 March 2024

50,719

16,481

45,552

Motor

Computer

vehicles

equipment

Totals

£

COST

At 1 April 2024

44,800

2,855

207,462

Additions

-

18,500

At 31 March 2025

44,800

2,855

225,962

DEPRECIATION

At 1 April 2024

32,516

942

80,513

Charge for year

2,457

631

12,696

At 31 March 2025

34,973

1,573

93,209

NET BOOK VALUE

At 31 March 2025

9,827

1,282

132,753

At 31 March 2024

12,284

1,913

126,949

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

Trade debtors

-

16,308

Other debtors

1,353

1,574

VAT

16,801

4,512

Prepayments

1,025

-

19,179

22,394

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

Bank loans and overdrafts

10,648

11,677

Hire purchase contracts

-

7,832

Trade creditors

27,138

13,786

Corporation tax

9,692

15,696

Social security and other taxes

609

-

Other creditors

8,795

11,133

Directors' current accounts

57,766

27,786

114,648

87,910

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR

31.3.25

31.3.24

£

Bounceback loan

1,462

12,542

8.	RELATED PARTY DISCLOSURES

The company uses premises owned by the director, on which it pays a rent of £500.