Acorah Software Products - Accounts Production 19.3.600 false true 28 February 2025 29 February 2024 false 1 March 2025 28 February 2026 28 February 2026 08891987 Mr William Watters Mr Michael O'Connor iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 08891987 2025-02-28 08891987 2026-02-28 08891987 2025-03-01 2026-02-28 08891987 frs-core:CurrentFinancialInstruments 2026-02-28 08891987 frs-core:Non-currentFinancialInstruments 2026-02-28 08891987 frs-core:ShareCapital 2026-02-28 08891987 frs-core:RetainedEarningsAccumulatedLosses 2026-02-28 08891987 frs-bus:PrivateLimitedCompanyLtd 2025-03-01 2026-02-28 08891987 frs-bus:FilletedAccounts 2025-03-01 2026-02-28 08891987 frs-bus:SmallEntities 2025-03-01 2026-02-28 08891987 frs-bus:AuditExempt-NoAccountantsReport 2025-03-01 2026-02-28 08891987 frs-bus:SmallCompaniesRegimeForAccounts 2025-03-01 2026-02-28 08891987 frs-bus:Director1 2025-03-01 2026-02-28 08891987 frs-bus:Director2 2025-03-01 2026-02-28 08891987 frs-countries:EnglandWales 2025-03-01 2026-02-28 08891987 2024-02-28 08891987 2025-02-28 08891987 2024-02-29 2025-02-28 08891987 frs-core:CurrentFinancialInstruments 2025-02-28 08891987 frs-core:Non-currentFinancialInstruments 2025-02-28 08891987 frs-core:ShareCapital 2025-02-28 08891987 frs-core:RetainedEarningsAccumulatedLosses 2025-02-28
Registered number: 08891987
Park Right Ltd
Unaudited Financial Statements
For The Year Ended 28 February 2026
Contents
Page
Balance Sheet 1
Notes to the Financial Statements 2—3
Page 1
Balance Sheet
Registered number: 08891987
2026 2025
Notes £ £ £ £
CURRENT ASSETS
Cash at bank and in hand 1,110 794
1,110 794
Creditors: Amounts Falling Due Within One Year 5 (20,798 ) (18,705 )
NET CURRENT ASSETS (LIABILITIES) (19,688 ) (17,911 )
TOTAL ASSETS LESS CURRENT LIABILITIES (19,688 ) (17,911 )
Creditors: Amounts Falling Due After More Than One Year 6 (51,837 ) (56,337 )
NET LIABILITIES (71,525 ) (74,248 )
CAPITAL AND RESERVES
Called up share capital 7 100 100
Profit and Loss Account (71,625 ) (74,348 )
SHAREHOLDERS' FUNDS (71,525) (74,248)
For the year ending 28 February 2026 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
Mr William Watters
Director
8th July 2026
The notes on pages 2 to 3 form part of these financial statements.
Page 1
Page 2
Notes to the Financial Statements
1. General Information
Park Right Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 08891987 . The registered office is 20 Melbourne Avenue, Fleetwood, FY7 8AY.
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.
3. Average Number of Employees
Average number of employees, including directors, during the year was:
2026 2025
Office and administration 2 2
2 2
4. Debtors
2026 2025
£ £
Due within one year
5. Creditors: Amounts Falling Due Within One Year
2026 2025
£ £
Corporation tax 1,614 1,574
VAT - 1,083
Accruals and deferred income 5,166 4,459
Directors' loan accounts 14,018 11,589
20,798 18,705
6. Creditors: Amounts Falling Due After More Than One Year
2026 2025
£ £
Bank loans 51,837 56,337
Page 2
Page 3
7. Share Capital
2026 2025
£ £
Allotted, Called up and fully paid 100 100
Page 3