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REGISTERED NUMBER: 11961670 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 APRIL 2023

FOR

PARCO PLUMBING AND HEATING LIMITED

PARCO PLUMBING AND HEATING LIMITED (REGISTERED NUMBER: 11961670)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


PARCO PLUMBING AND HEATING LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 APRIL 2023







DIRECTOR: Mr J Parfitt





REGISTERED OFFICE: Flat 6
50 Coombe Road
Croydon
Surrey
CR0 5SG





REGISTERED NUMBER: 11961670 (England and Wales)





ACCOUNTANTS: Bayar Hughes & Co
Chartered Certified Accountants
4 Green Lane Business Park
238 Green lane
New Eltham
London
SE9 3TL

PARCO PLUMBING AND HEATING LIMITED (REGISTERED NUMBER: 11961670)

BALANCE SHEET
30 APRIL 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 5,550 6,475
Tangible assets 5 17,175 2,202
22,725 8,677

CURRENT ASSETS
Debtors 6 3,001 113
Cash at bank 1,260 1,753
4,261 1,866
CREDITORS
Amounts falling due within one year 7 31,018 20,098
NET CURRENT LIABILITIES (26,757 ) (18,232 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(4,032

)

(9,555

)

CAPITAL AND RESERVES
Called up share capital 8 100 100
Retained earnings 9 (4,132 ) (9,655 )
SHAREHOLDERS' FUNDS (4,032 ) (9,555 )

PARCO PLUMBING AND HEATING LIMITED (REGISTERED NUMBER: 11961670)

BALANCE SHEET - continued
30 APRIL 2023


The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

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 director and authorised for issue on 30 August 2023 and were signed by:





Mr J Parfitt - Director


PARCO PLUMBING AND HEATING LIMITED (REGISTERED NUMBER: 11961670)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2023

1. STATUTORY INFORMATION

Parco Plumbing and Heating 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 comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2019, is being amortised evenly over its estimated useful life of ten years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Tools & Equipment - 25% on reducing balance
Motor Van - 25% on reducing balance

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 balance sheet date.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2022 - 1 ) .

PARCO PLUMBING AND HEATING LIMITED (REGISTERED NUMBER: 11961670)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 APRIL 2023

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 May 2022
and 30 April 2023 9,250
AMORTISATION
At 1 May 2022 2,775
Amortisation for year 925
At 30 April 2023 3,700
NET BOOK VALUE
At 30 April 2023 5,550
At 30 April 2022 6,475

5. TANGIBLE FIXED ASSETS
Tools &
Equipment Motor Van Totals
£    £    £   
COST
At 1 May 2022 2,219 3,000 5,219
Additions 370 21,594 21,964
Disposals - (3,000 ) (3,000 )
At 30 April 2023 2,589 21,594 24,183
DEPRECIATION
At 1 May 2022 1,283 1,734 3,017
Charge for year 326 5,399 5,725
Eliminated on disposal - (1,734 ) (1,734 )
At 30 April 2023 1,609 5,399 7,008
NET BOOK VALUE
At 30 April 2023 980 16,195 17,175
At 30 April 2022 936 1,266 2,202

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade Debtors 115 -
CIS Debtors 2,789 -
Other Debtors & Prepayments 97 113
3,001 113

PARCO PLUMBING AND HEATING LIMITED (REGISTERED NUMBER: 11961670)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 APRIL 2023

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Directors' Loan Accounts 29,638 18,610
Other Creditors & Accruals 1,380 1,488
31,018 20,098

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
100 Ordinary 1 100 100

9. RESERVES
Retained
earnings
£   

At 1 May 2022 (9,655 )
Profit for the year 5,523
At 30 April 2023 (4,132 )