Registration number: 02035387

Parkland Machines Limited

trading as Parkland Machines Ltd

Contents

Company Information	1
Balance Sheet	2 to 3
Notes to the Unaudited Financial Statements	4 to 10

Parkland Machines Limited

trading as Parkland Machines Ltd

Company Information

Directors

Peter Kelly Damian Kelly

Registered office

Office 4 1ST Floor Victory House The Sidings Clitheroe Lancashire BB7 9SE

Accountants

King Street Accounts 1ST Floor Victory House The Sidings Whalley BB7 9SE

Parkland Machines Limited

trading as Parkland Machines Ltd

(Registration number: 02035387)
Balance Sheet as at 25 February 2026

	Note	2026 £	2025 £
Fixed assets
Intangible assets	4	-	9,331
Tangible assets	5	14,918	18,587
		14,918	27,918
Current assets
Stocks	6	56,590	282,161
Debtors	7	33,652	55,133
Cash at bank and in hand		1,087	1,300
		91,329	338,594
Creditors: Amounts falling due within one year	8	(114,721)	(327,278)
Net current (liabilities)/assets		(23,392)	11,316
Total assets less current liabilities		(8,474)	39,234
Creditors: Amounts falling due after more than one year	8	(199,629)	(172,536)
Net liabilities		(208,103)	(133,302)
Capital and reserves
Called up share capital		140,100	140,100
Retained earnings		(348,203)	(273,402)
Shareholders' deficit		(208,103)	(133,302)

For the financial year ending 25 February 2026 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

•	The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and
•	The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 20 April 2026 and signed on its behalf by:
 

Parkland Machines Limited

trading as Parkland Machines Ltd

(Registration number: 02035387)
Balance Sheet as at 25 February 2026

......................................... Damian Kelly Director

Parkland Machines Limited

trading as Parkland Machines Ltd

Notes to the Unaudited Financial Statements for the Year Ended 25 February 2026

1	General information

The company is a private company limited by share capital, incorporated in England.

The address of its registered office is:
Office 4 1ST Floor
Victory House
The Sidings
Clitheroe
Lancashire
BB7 9SE
United Kingdom

These financial statements were authorised for issue by the Board on 20 April 2026.

2	Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Parkland Machines Limited

trading as Parkland Machines Ltd

Notes to the Unaudited Financial Statements for the Year Ended 25 February 2026

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class	Depreciation method and rate
Plant & Machinery	15% reducing balance
Fixtures & Fittings	10% reducing balance
Motor vehicles	25% reducing balance

Amortisation

Amortisation is provided on intangible assets so as to write off the cost, less any estimated residual value, over their useful life as follows:

Asset class	Amortisation method and rate
Intangible Assets	25% straight line

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method.

The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the inventories to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are impaired, the carrying amount is reduced to its selling price less costs to complete and sell; the impairment loss is recognised immediately in profit or loss.

Parkland Machines Limited

trading as Parkland Machines Ltd

Notes to the Unaudited Financial Statements for the Year Ended 25 February 2026

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Leases

Leases in which substantially all the risks and rewards of ownership are retained by the lessor are classified as operating leases. Payments made under operating leases are charged to profit or loss on a straight-line basis over the period of the lease.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

3	Staff numbers

The average number of persons employed by the company (including directors) during the year, was 8 (2025 - 10).

Parkland Machines Limited

trading as Parkland Machines Ltd

Notes to the Unaudited Financial Statements for the Year Ended 25 February 2026

4	Intangible assets

	Other intangible assets  £	Total £
Cost or valuation
At 26 February 2025	174,037	174,037
At 25 February 2026	174,037	174,037
Amortisation
At 26 February 2025	164,706	164,706
Amortisation charge	9,331	9,331
At 25 February 2026	174,037	174,037
Carrying amount
At 25 February 2026	-	-
At 25 February 2025	9,331	9,331

Parkland Machines Limited

trading as Parkland Machines Ltd

Notes to the Unaudited Financial Statements for the Year Ended 25 February 2026

5	Tangible assets

	Fixtures and fittings £	Plant and machinery £	Motor vehicles  £	Total £
Cost or valuation
At 26 February 2025	99,617	55,313	16,859	171,789
Disposals	-	-	(16,859)	(16,859)
At 25 February 2026	99,617	55,313	-	154,930
Depreciation
At 26 February 2025	86,530	50,848	15,824	153,202
Charge for the year	1,963	671	-	2,634
Eliminated on disposal	-	-	(15,824)	(15,824)
At 25 February 2026	88,493	51,519	-	140,012
Carrying amount
At 25 February 2026	11,124	3,794	-	14,918
At 25 February 2025	13,087	4,465	1,035	18,587

Parkland Machines Limited

trading as Parkland Machines Ltd

Notes to the Unaudited Financial Statements for the Year Ended 25 February 2026

6

Stocks

	2026 £	2025 £
Work in progress	-	223,193
Other inventories	56,590	58,968
	56,590	282,161

7

Debtors

Current	2026 £	2025 £
Trade debtors	30,365	45,841
Prepayments	2,664	7,186
Other debtors	623	2,106
	33,652	55,133

Parkland Machines Limited

trading as Parkland Machines Ltd

Notes to the Unaudited Financial Statements for the Year Ended 25 February 2026

8

Creditors

Creditors: amounts falling due within one year

	Note	2026 £	2025 £
Due within one year
Loans and borrowings	9	88,089	61,306
Trade creditors		19,667	89,220
Taxation and social security		2,696	6,847
Accruals and deferred income		3,000	4,639
Other creditors		1,269	165,266
		114,721	327,278

Creditors: amounts falling due after more than one year

	Note	2026 £	2025 £
Due after one year
Loans and borrowings	9	199,629	172,536

9	Loans and borrowings

Non-current loans and borrowings

	2026 £	2025 £
Other borrowings	199,629	172,536

Current loans and borrowings

	2026 £	2025 £
Bank overdrafts	88,089	61,306

10	Related party transactions

At the balance sheet date the company owed £199,629 to the directors (2025 £172,536 owed to the directors) .