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REGISTERED NUMBER: 00843098 (England and Wales)















L. PARDOE & SON (IVERLEY) LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2023






L. PARDOE & SON (IVERLEY) LIMITED (REGISTERED NUMBER: 00843098)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023










Page

Company Information 1

Chartered Accountants' Report 2

Statement of Financial Position 3

Notes to the Financial Statements 5


L. PARDOE & SON (IVERLEY) LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2023







DIRECTORS: Mrs. B. Pardoe
Mr. B.M. Pardoe
Mr. A.L. Pardoe
Mr. D. Pardoe





SECRETARY: Mr. B.M. Pardoe





REGISTERED OFFICE: 'Iverley Park Farm'
Iverley
Stourbridge
West Midlands
DY7 6PU





REGISTERED NUMBER: 00843098 (England and Wales)





ACCOUNTANTS: Folkes Worton LLP
15-17 Church Street
Stourbridge
West Midlands
DY8 1LU

CHARTERED ACCOUNTANTS' REPORT TO THE BOARD OF DIRECTORS
ON THE UNAUDITED FINANCIAL STATEMENTS OF
L. PARDOE & SON (IVERLEY) LIMITED


The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Statement of Financial Position. Readers are cautioned that the Statement of Comprehensive Income and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of L. Pardoe & Son (Iverley) Limited for the year ended 31 March 2023 which comprise the Income Statement, Statement of Financial Position, Statement of Changes in Equity 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 within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of L. Pardoe & Son (Iverley) Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of L. Pardoe & Son (Iverley) Limited and state those matters that we have agreed to state to the Board of Directors of L. Pardoe & Son (Iverley) Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than L. Pardoe & Son (Iverley) Limited and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that L. Pardoe & Son (Iverley) Limited 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 L. Pardoe & Son (Iverley) Limited. You consider that L. Pardoe & Son (Iverley) Limited 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 L. Pardoe & Son (Iverley) Limited. 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 financial statements.






Folkes Worton LLP
15-17 Church Street
Stourbridge
West Midlands
DY8 1LU


4 October 2023

L. PARDOE & SON (IVERLEY) LIMITED (REGISTERED NUMBER: 00843098)

STATEMENT OF FINANCIAL POSITION
31 MARCH 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 392,475 396,536

CURRENT ASSETS
Stocks 131,718 99,758
Debtors 5 94,839 101,472
Cash at bank and in hand 92,840 43,432
319,397 244,662
CREDITORS
Amounts falling due within one year 6 187,164 115,239
NET CURRENT ASSETS 132,233 129,423
TOTAL ASSETS LESS CURRENT
LIABILITIES

524,708

525,959

CREDITORS
Amounts falling due after more than one year 7 (26,669 ) (36,670 )

PROVISIONS FOR LIABILITIES (10,392 ) (5,464 )
NET ASSETS 487,647 483,825

CAPITAL AND RESERVES
Called up share capital 1,002 1,002
Retained earnings 486,645 482,823
SHAREHOLDERS' FUNDS 487,647 483,825

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2023 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

L. PARDOE & SON (IVERLEY) LIMITED (REGISTERED NUMBER: 00843098)

STATEMENT OF FINANCIAL POSITION - continued
31 MARCH 2023


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

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 4 October 2023 and were signed on its behalf by:





Mr. B.M. Pardoe - Director


L. PARDOE & SON (IVERLEY) LIMITED (REGISTERED NUMBER: 00843098)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023


1. STATUTORY INFORMATION

L. Pardoe & Son (Iverley) Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover represents net sales of goods/services, excluding value added tax

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Freehold property - 2% on cost
Plant and machinery - 10% on cost
Fixtures and fittings - 10% on cost
Motor vehicles - 25% on cost
Computer equipment - 25% on cost

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it 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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. 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 difference.

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.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

L. PARDOE & SON (IVERLEY) LIMITED (REGISTERED NUMBER: 00843098)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2023


3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 5 (2022 - 5 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Freehold Plant and and
property machinery fittings
£    £    £   
COST
At 1 April 2022 478,813 433,041 3,282
Additions - 24,955 -
Disposals - (43,100 ) -
At 31 March 2023 478,813 414,896 3,282
DEPRECIATION
At 1 April 2022 167,545 348,180 3,282
Charge for year 9,496 18,399 -
Eliminated on disposal - (42,140 ) -
At 31 March 2023 177,041 324,439 3,282
NET BOOK VALUE
At 31 March 2023 301,772 90,457 -
At 31 March 2022 311,268 84,861 -

Motor Computer
vehicles equipment Totals
£    £    £   
COST
At 1 April 2022 7,250 757 923,143
Additions - - 24,955
Disposals - - (43,100 )
At 31 March 2023 7,250 757 904,998
DEPRECIATION
At 1 April 2022 7,250 350 526,607
Charge for year - 161 28,056
Eliminated on disposal - - (42,140 )
At 31 March 2023 7,250 511 512,523
NET BOOK VALUE
At 31 March 2023 - 246 392,475
At 31 March 2022 - 407 396,536

L. PARDOE & SON (IVERLEY) LIMITED (REGISTERED NUMBER: 00843098)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2023


5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 88,597 98,027
Tax 1,948 -
VAT 3,398 2,582
Prepayments and accrued income 896 863
94,839 101,472

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 10,000 10,000
Trade creditors 91,560 23,225
Tax - 1,948
Social security and other taxes 685 552
Other creditors - 20
Directors' loan accounts 74,662 75,289
Accruals 10,257 4,205
187,164 115,239

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Bank loans - 1-2 years 10,000 10,000
Bank loans due after one year 16,669 26,670
26,669 36,670

8. ULTIMATE CONTROLLING PARTY

No single individual exerts full control over the company.