Company Registration No. SC505813 (Scotland)
Access Parkour Ltd
Unaudited accounts
for the year ended 31 August 2023
Access Parkour Ltd
Company Information
for the year ended 31 August 2023
Company Number
SC505813 (Scotland)
Registered Office
41 West Bowling Green St
Edinburgh
EH6 5NX
Accountants
CRK Consultants Ltd
14 Abbotsford Terrace
Lanark
ML11 7EG
Access Parkour Ltd
Statement of financial position
as at 31 August 2023
Tangible assets
7,398
9,614
Cash at bank and in hand
25,250
42,672
Creditors: amounts falling due within one year
(21,144)
(20,156)
Net current assets
23,345
40,817
Total assets less current liabilities
30,743
50,431
Provisions for liabilities
Deferred tax
(1,406)
(1,827)
Called up share capital
157
157
Profit and loss account
29,180
48,447
Shareholders' funds
29,337
48,604
For the year ending 31 August 2023 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 director acknowledges his 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 11 March 2024 and were signed on its behalf by
J N Hall
Director
Company Registration No. SC505813
Access Parkour Ltd
Notes to the Accounts
for the year ended 31 August 2023
Access Parkour Ltd is a private company, limited by shares, registered in Scotland, registration number SC505813. The registered office is 41 West Bowling Green St, Edinburgh, EH6 5NX.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
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 and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
25% straight line
Computer equipment
50% straight line
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that t 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 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 taxation computations in periods different from those in which they are included in the company's accounts. 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 differences.
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.
Access Parkour Ltd
Notes to the Accounts
for the year ended 31 August 2023
4
Tangible fixed assets
Plant & machinery
Motor vehicles
Total
Cost or valuation
At cost
At cost
At 1 September 2022
8,329
9,250
17,579
At 31 August 2023
9,333
9,250
18,583
At 1 September 2022
5,653
2,312
7,965
Charge for the year
1,486
1,734
3,220
At 31 August 2023
7,139
4,046
11,185
At 31 August 2023
2,194
5,204
7,398
At 31 August 2022
2,676
6,938
9,614
Amounts falling due within one year
Accrued income and prepayments
12,579
8,911
6
Creditors: amounts falling due within one year
2023
2022
Trade creditors
5,222
6,938
Taxes and social security
13,940
11,346
Loans from directors
1,187
1,085
7
Average number of employees
During the year the average number of employees was 12 (2022: 12).
