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REGISTERED NUMBER: 09141505 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 28TH FEBRUARY 2023

FOR

PARKER EQUIPMENT HIRE LTD

PARKER EQUIPMENT HIRE LTD (REGISTERED NUMBER: 09141505)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28TH FEBRUARY 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


PARKER EQUIPMENT HIRE LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 28TH FEBRUARY 2023







DIRECTOR: G Parker





REGISTERED OFFICE: Venture Court
2 Debdale Road
Wellingborough
Northamptonshire
NN8 5AA





REGISTERED NUMBER: 09141505 (England and Wales)





ACCOUNTANTS: ISIS Business Solutions (Northants) LLP
Venture Court
2 Debdale Road
Wellingborough
Northamptonshire
NN8 5AA

PARKER EQUIPMENT HIRE LTD (REGISTERED NUMBER: 09141505)

BALANCE SHEET
28TH FEBRUARY 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 38,134 47,668

CURRENT ASSETS
Debtors 5 54,168 43,868
Cash at bank 28,395 13,691
82,563 57,559
CREDITORS
Amounts falling due within one year 6 101,947 100,830
NET CURRENT LIABILITIES (19,384 ) (43,271 )
TOTAL ASSETS LESS CURRENT LIABILITIES 18,750 4,397

CAPITAL AND RESERVES
Called up share capital 1 1
Retained earnings 18,749 4,396
SHAREHOLDERS' FUNDS 18,750 4,397

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28th February 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 28th February 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 13th October 2023 and were signed by:





G Parker - Director


PARKER EQUIPMENT HIRE LTD (REGISTERED NUMBER: 09141505)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28TH FEBRUARY 2023

1. STATUTORY INFORMATION

Parker Equipment Hire Ltd 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 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
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Motor vehicles - 20% 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.

Deferred tax
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 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.

3. EMPLOYEES AND DIRECTORS

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

PARKER EQUIPMENT HIRE LTD (REGISTERED NUMBER: 09141505)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 28TH FEBRUARY 2023

4. TANGIBLE FIXED ASSETS
Motor
vehicles
£   
COST
At 1st March 2022
and 28th February 2023 121,544
DEPRECIATION
At 1st March 2022 73,876
Charge for year 9,534
At 28th February 2023 83,410
NET BOOK VALUE
At 28th February 2023 38,134
At 28th February 2022 47,668

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Amounts owed by group undertakings 37,268 37,268
Other debtors 16,900 6,600
54,168 43,868

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 44,400 44,401
Amounts owed to group undertakings 39,999 39,999
Taxation and social security 17,048 15,930
Other creditors 500 500
101,947 100,830

7. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

Included in debtors is ana mount owing by the director of £10,300.

8. RELATED PARTY DISCLOSURES

During the year sales were made to Parker & Son Transport Ltd, a connected company, of £30,000 (2022: £30,000).

At the balance sheet date, included within other debtors is an amount owing from Parker & Son Transport Ltd of £37,268 (2022: £37,268).

At the balance sheet date, included within other creditors is an amount owing to Parker Transport Holdings Ltd of £39,999 (2022: £39,999).