Company registration number SC197029 (Scotland)
PARK DIGITAL SYSTEMS LTD
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2025
PAGES FOR FILING WITH REGISTRAR
PARK DIGITAL SYSTEMS LTD
COMPANY INFORMATION
Directors
Mr D J Park
Mrs M R Park
Secretary
Mrs M R Park
Company number
SC197029
Registered office
Unit 1 & 6
Turnbull Way
Livingston
West Lothian
United Kingdom
EH54 0RB
Accountants
Azets
Titanium 1
King's Inch Place
Renfrew
United Kingdom
PA4 8WF
PARK DIGITAL SYSTEMS LTD
CONTENTS
Page
Balance sheet
1 - 2
Notes to the financial statements
3 - 6
PARK DIGITAL SYSTEMS LTD
BALANCE SHEET
AS AT 30 JUNE 2025
30 June 2025
- 1 -
2025
2024
Notes
£
£
£
£
Fixed assets
Tangible assets
3
23,344
25,875
Current assets
Debtors
4
68,052
41,120
Cash at bank and in hand
105,422
124,126
173,474
165,246
Creditors: amounts falling due within one year
5
(88,946)
(79,029)
Net current assets
84,528
86,217
Total assets less current liabilities
107,872
112,092
Creditors: amounts falling due after more than one year
6
-
0
(1,500)
Provisions for liabilities
(5,836)
(6,468)
Net assets
102,036
104,124
Capital and reserves
Called up share capital
2
2
Profit and loss reserves
102,034
104,122
Total equity
102,036
104,124

The directors of the company have elected not to include a copy of the profit and loss account within the financial statements.true

For the financial year ended 30 June 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

T he members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

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

PARK DIGITAL SYSTEMS LTD
BALANCE SHEET (CONTINUED)
AS AT 30 JUNE 2025
30 June 2025
- 2 -
The financial statements were approved by the board of directors and authorised for issue on 9 December 2025 and are signed on its behalf by:
Mr D J Park
Director
Company Registration No. SC197029
PARK DIGITAL SYSTEMS LTD
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2025
- 3 -
1
Accounting policies
Company information

Park Digital Systems Ltd is a private company limited by shares incorporated in Scotland. The registered office is Unit 1 & 6, Turnbull Way, Livingston, West Lothian, United Kingdom, EH54 0RB.

1.1
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary a mounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention, modified to include the revaluation of freehold properties and to include investment properties and certain financial instruments at fair value. The principal accounting policies adopted are set out below.

1.2
Turnover

Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.

1.3
Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Office equipment and fittings
25% reducing basis
Motor vehicles
25% reducing basis

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

1.4
Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

1.5
Equity instruments

Equity instruments issued by the company are recorded at the proceeds received, net of transaction costs. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the company.

1.6
Taxation

The tax expense represents the sum of the tax currently payable and deferred tax.

PARK DIGITAL SYSTEMS LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 JUNE 2025
1
Accounting policies
(Continued)
- 4 -
Current tax

The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss account because it excludes items of income or expense that are taxable or deductible in other years and it further excludes 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 reporting end date.

Deferred tax

Deferred tax liabilities are generally recognised for all timing differences and deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Such assets and liabilities are not recognised if the timing difference arises from goodwill or from the initial recognition of other assets and liabilities in a transaction that affects neither the tax profit nor the accounting profit.

The carrying amount of deferred tax assets is reviewed at each reporting end date 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 is calculated at the tax rates that are expected to apply in the period when the liability is settled or the asset is realised. Deferred tax is charged or credited in the profit and loss account, except when it relates to items charged or credited directly to equity, in which case the deferred tax is also dealt with in equity. Deferred tax assets and liabilities are offset when the company has a legally enforceable right to offset current tax assets and liabilities and the deferred tax assets and liabilities relate to taxes levied by the same tax authority.

1.7
Retirement benefits

Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.

1.8
Leases

Rentals payable under operating leases, including any lease incentives received, are charged to profit or loss on a straight line basis over the term of the relevant lease except where another more systematic basis is more representative of the time pattern in which economic benefits from the lease s asset are consumed.

2
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

2025
2024
Number
Number
Total
2
2
PARK DIGITAL SYSTEMS LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 JUNE 2025
- 5 -
3
Tangible fixed assets
Office equipment and fittings
Motor vehicles
Total
£
£
£
Cost
At 1 July 2024
6,921
24,807
31,728
Additions
4,401
-
0
4,401
Disposals
(1,362)
-
0
(1,362)
At 30 June 2025
9,960
24,807
34,767
Depreciation and impairment
At 1 July 2024
3,787
2,066
5,853
Depreciation charged in the year
1,111
5,685
6,796
Eliminated in respect of disposals
(1,226)
-
0
(1,226)
At 30 June 2025
3,672
7,751
11,423
Carrying amount
At 30 June 2025
6,288
17,056
23,344
At 30 June 2024
3,134
22,741
25,875
4
Debtors
2025
2024
Amounts falling due within one year:
£
£
Trade debtors
67,752
40,870
Other debtors
300
250
68,052
41,120
5
Creditors: amounts falling due within one year
2025
2024
£
£
Trade creditors
8,116
1,985
Taxation and social security
62,225
66,374
Other creditors
18,605
10,670
88,946
79,029
6
Creditors: amounts falling due after more than one year
2025
2024
£
£
Other creditors
-
0
1,500
PARK DIGITAL SYSTEMS LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 JUNE 2025
- 6 -
7
Pension commitments

The company operates a defined contribution scheme. The assets of the scheme are held separately from those of the company in an independently administered fund. The pension cost charge represents contributions payable by the company to the fund and amounted to £76,000 (20 24 - £50,000).

8
Operating lease commitments
Lessee

At the reporting end date the company had outstanding commitments for future minimum lease payments under non-cancellable operating leases, as follows:

2025
2024
£
£
595
580
9
Related party transactions

Included within other creditors is a balance due to the directors of the company amounting to £2,393 (20 24 - £1,302). Interest is charged on any overdrawn balance at the HMRC approved rate. This loan is unsecured and repayable on demand.

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