Company registration number 04926410 (England and Wales)
PARKWAY CAR SALES LTD
ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2025
PAGES FOR FILING WITH REGISTRAR
PARKWAY CAR SALES LTD
COMPANY INFORMATION
Directors
Mr Paul Noble
Mr Stuart Noble
Company number
04926410
Registered office
Southampton Road
Eastleigh
Southampton
Hampshire
England
SO50 5QT
Accountants
Xeinadin
First Floor Secure House
Lulworth Close
Chandler's Ford
Eastleigh
Hampshire
England
SO53 3TL
PARKWAY CAR SALES LTD
CONTENTS
Page
Directors' report
1
Accountants' report
2
Profit and loss account
3
Balance sheet
4
Notes to the financial statements
5 - 8
PARKWAY CAR SALES LTD
DIRECTORS' REPORT
FOR THE YEAR ENDED 31 JULY 2025
- 1 -

The directors present their annual report and financial statements for the year ended 31 July 2025.

Directors

The directors who held office during the year and up to the date of signature of the financial statements were as follows:

Mr Paul Noble
Mr Stuart Noble
Small companies exemption

This report has been prepared in accordance with the provisions applicable to companies entitled to the small companies exemption.

On behalf of the board
Mr Paul Noble
Director
27 November 2025
PARKWAY CAR SALES LTD
ACCOUNTANTS' REPORT TO THE BOARD OF DIRECTORS ON THE PREPARATION OF THE UNAUDITED STATUTORY FINANCIAL STATEMENTS OF PARKWAY CAR SALES LTD FOR THE YEAR ENDED 31 JULY 2025
- 2 -

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Parkway Car Sales Ltd for the year ended 31 July 2025 which comprise the profit and loss account, the balance sheet and the related notes from the company’s accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at https://www.icaew.com/regulation.

This report is made solely to the b oard of d irectors of Parkway Car Sales Ltd, as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the financial statements of Parkway Car Sales Ltd and state those matters that we have agreed to state to the b oard of d irectors of Parkway Car Sales Ltd, as a body, in this report in accordance with ICAEW Technical Release 07/16 AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Parkway Car Sales Ltd and its b oard of d irectors as a body, for our work or for this report.

It is your duty to ensure that Parkway Car Sales Ltd has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Parkway Car Sales Ltd. You consider that Parkway Car Sales Ltd is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Parkway Car Sales Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory f inancial statements.

Xeinadin
First Floor Secure House
Lulworth Close
Chandler's Ford
Eastleigh
Hampshire
SO53 3TL
England
27 November 2025
PARKWAY CAR SALES LTD
PROFIT AND LOSS ACCOUNT
FOR THE YEAR ENDED 31 JULY 2025
- 3 -
2025
2024
Notes
£
£
Turnover
3,860,995
3,414,314
Cost of sales
(3,179,671)
(2,882,970)
Gross profit
681,324
531,344
Administrative expenses
(499,823)
(434,329)
Other operating income
85,171
165,361
Operating profit
266,672
262,376
Interest payable and similar expenses
(15,164)
(15,607)
Profit before taxation
251,508
246,769
Tax on profit
3
(64,677)
(61,637)
Profit for the financial year
186,831
185,132

The profit and loss account has been prepared on the basis that all operations are continuing operations.

PARKWAY CAR SALES LTD
BALANCE SHEET
AS AT
31 JULY 2025
31 July 2025
- 4 -
2025
2024
Notes
£
£
£
£
Fixed assets
Tangible assets
4
1,972
1,404
Current assets
Stocks
5
244,731
212,096
Debtors
6
285,202
240,093
Cash at bank and in hand
1
1
529,934
452,190
Creditors: amounts falling due within one year
7
(437,029)
(327,100)
Net current assets
92,905
125,090
Total assets less current liabilities
94,877
126,494
Creditors: amounts falling due after more than one year
8
-
0
(41,667)
Net assets
94,877
84,827
Capital and reserves
Called up share capital
103
101
Profit and loss reserves
94,774
84,726
Total equity
94,877
84,827

For the financial year ended 31 July 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

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.

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.

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

The financial statements were approved by the board of directors and authorised for issue on 27 November 2025 and are signed on its behalf by:
Mr Paul Noble
Director
Company registration number 04926410 (England and Wales)
PARKWAY CAR SALES LTD
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2025
- 5 -
1
Accounting policies
Company information

Parkway Car Sales Ltd is a private company limited by shares incorporated in England and Wales. The registered office is , Southampton Road, Eastleigh, Southampton, Hampshire, England, SO50 5QT.

1.1
Basis of preparation

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

Revenue comprises sales of goods or services provided to customers net of value added tax and other sales taxes, less an appropriate deduction for actual and expected returns and discounts. Revenue is recognised when performance obligations are satisfied and the control of goods or services is transferred to the buyer. Where the performance obligation is satisfied over time, revenue is recognised in accordance with its progress towards complete satisfaction of that performance obligation.

When cash inflows are deferred and represent a financing arrangement, the promised consideration is adjusted for the effects of the time value of money, which is recognised as interest income.

The nature, timing of satisfaction of performance obligations and significant payment terms of the company's major sources of revenue are as follows:

Revenue from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have passed to the buyer (usually on dispatch of the goods), the amount of revenue can be measured reliably, it is probable that the economic benefits associated with the transaction will flow to the entity and the costs incurred or to be incurred in respect of the transaction can be measured reliably.

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:

Fixtures and fittings
5 years straight line method
Computers
4 years straight line method
Motor vehicles
20% on reducing balance
1.4
Stocks

Stocks are valued at the lower of cost and estimated selling price (less any associated costs to enable such sales to complete).

PARKWAY CAR SALES LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 JULY 2025
1
Accounting policies
(Continued)
- 6 -
1.5
Taxation

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

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.

1.6
Retirement benefits

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

1.7
Leases
As lessee

At inception, the company assesses whether a contract is, or contains, a lease. A lease arises where the contract conveys the right to control the use of an identified asset for a period of time in exchange for consideration. Control of the use of an asset occurs where the company has both the right to direct the use of the asset, and the right to obtain substantially all the economic benefits from that use.

Where a tangible asset is acquired through a lease, the company recognises a right-of-use asset and a lease liability at the lease commencement date. Right-of-use assets are included within the same line items on the Balance sheet as owned assets.

2
Employees

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

2025
2024
Number
Number
Total
9
7
3
Taxation
2025
2024
£
£
Current tax
UK corporation tax on profits for the current period
64,677
61,637

A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods.

PARKWAY CAR SALES LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 JULY 2025
- 7 -
4
Tangible fixed assets
Fixtures and fittings
Computers
Motor vehicles
Total
£
£
£
£
Cost
At 1 August 2024
2,653
7,281
3,500
13,434
Additions
-
0
1,603
-
0
1,603
At 31 July 2025
2,653
8,884
3,500
15,037
Depreciation and impairment
At 1 August 2024
2,109
6,421
3,500
12,030
Depreciation charged in the year
131
904
-
0
1,035
At 31 July 2025
2,240
7,325
3,500
13,065
Carrying amount
At 31 July 2025
413
1,559
-
0
1,972
At 31 July 2024
544
860
-
0
1,404
5
Stocks
2025
2024
£
£
Stocks
244,731
212,096
6
Debtors
2025
2024
Amounts falling due within one year:
£
£
Other debtors
285,202
240,093

Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.

7
Creditors: amounts falling due within one year
2025
2024
£
£
Bank loans and overdrafts
145,520
79,724
Trade creditors
2,719
5,153
Taxation and social security
114,571
95,178
Other creditors
174,219
147,045
437,029
327,100
PARKWAY CAR SALES LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 JULY 2025
7
Creditors: amounts falling due within one year
(Continued)
- 8 -

Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.

8
Creditors: amounts falling due after more than one year
2025
2024
Notes
£
£
Bank loans and overdrafts
-
0
41,667
9
Related party transactions

At the year end the company was owed the following amounts:

- Maplewood Property Services LTD - £168,210 (2024: £0)

10
Directors' transactions

At the year end the company was owed the following amounts:

- Mr P Noble - £58,496 (2024: £120,047)

- Mr S Noble - £58,496 (2024: £120,047)

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