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REGISTERED NUMBER: 03826649 (England and Wales)















A W Parry Lifts Limited

Unaudited Financial Statements for the Year Ended 31 August 2023






A W Parry Lifts Limited (Registered number: 03826649)






Contents of the Financial Statements
for the year ended 31 August 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


A W Parry Lifts Limited

Company Information
for the year ended 31 August 2023







DIRECTOR: D Upton





REGISTERED OFFICE: Unit 1, Ashmead Business Centre
Ashmead Road
Keynsham
Bristol
BS31 1SX





REGISTERED NUMBER: 03826649 (England and Wales)





ACCOUNTANTS: Webb & Co Ltd
Accountants and Business Advisers
One New Street
Wells
Somerset
BA5 2LA

A W Parry Lifts Limited (Registered number: 03826649)

Balance Sheet
31 August 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 3 55,769 81,518

CURRENT ASSETS
Stocks 51,156 100,260
Debtors 4 172,692 129,363
Cash at bank 617,632 542,783
841,480 772,406
CREDITORS
Amounts falling due within one year 5 148,503 121,018
NET CURRENT ASSETS 692,977 651,388
TOTAL ASSETS LESS CURRENT
LIABILITIES

748,746

732,906

CREDITORS
Amounts falling due after more than one
year

6

(26,667

)

(36,667

)

PROVISIONS FOR LIABILITIES (7,671 ) (1,608 )
NET ASSETS 714,408 694,631

CAPITAL AND RESERVES
Called up share capital 7 100 100
Capital redemption reserve 100 100
Retained earnings 714,208 694,431
SHAREHOLDERS' FUNDS 714,408 694,631

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 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.

A W Parry Lifts Limited (Registered number: 03826649)

Balance Sheet - continued
31 August 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 Profit and Loss Account has not been delivered.

The financial statements were approved by the director and authorised for issue on 31 October 2023 and were signed by:





D Upton - Director


A W Parry Lifts Limited (Registered number: 03826649)

Notes to the Financial Statements
for the year ended 31 August 2023

1. 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.
Plant and machinery - 33.3% on cost and 10% on reducing balance
Motor vehicles - 25% on cost

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

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and Loss Account, 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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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.

2. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 11 (2022 - 11 ) .

A W Parry Lifts Limited (Registered number: 03826649)

Notes to the Financial Statements - continued
for the year ended 31 August 2023

3. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor
machinery fittings vehicles Totals
£    £    £    £   
COST
At 1 September 2022 104,050 6,816 202,234 313,100
Additions 6,892 - - 6,892
At 31 August 2023 110,942 6,816 202,234 319,992
DEPRECIATION
At 1 September 2022 96,452 6,816 128,314 231,582
Charge for year 2,481 - 30,160 32,641
At 31 August 2023 98,933 6,816 158,474 264,223
NET BOOK VALUE
At 31 August 2023 12,009 - 43,760 55,769
At 31 August 2022 7,598 - 73,920 81,518

4. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 147,815 98,945
Other debtors 24,877 30,418
172,692 129,363

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 10,000 10,000
Trade creditors 3,225 4,377
Taxation and social security 79,681 64,070
Other creditors 55,597 42,571
148,503 121,018

6. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Bank loans 26,667 36,667

7. CALLED UP SHARE CAPITAL

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