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REGISTERED NUMBER: 02242338 (England and Wales)












UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2023

FOR

PARKER MAYTHORN LIMITED

PARKER MAYTHORN LIMITED (REGISTERED NUMBER: 02242338)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


PARKER MAYTHORN LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2023







DIRECTORS: Mr G S Parker
Mr J M Foster



SECRETARY: Mr G S Parker



REGISTERED OFFICE: 12 Victoria Road
Barnsley
South Yorkshire
S70 2BB



REGISTERED NUMBER: 02242338 (England and Wales)



ACCOUNTANTS: Gibson Booth Limited
12 Victoria Road
Barnsley
South Yorkshire
S70 2BB



BANKERS: HSBC Bank PLC
5 Market Hill
Barnsley
South Yorkshire
S70 2PY

PARKER MAYTHORN LIMITED (REGISTERED NUMBER: 02242338)

BALANCE SHEET
31 MARCH 2023

31.3.23 31.3.22
Notes £ £ £ £
FIXED ASSETS
Tangible assets 4 10,232 11,847

CURRENT ASSETS
Stocks 5 1,000 1,000
Debtors 6 345,768 260,262
Cash at bank 103,751 106,469
450,519 367,731
CREDITORS
Amounts falling due within one year 7 158,739 98,174
NET CURRENT ASSETS 291,780 269,557
TOTAL ASSETS LESS CURRENT LIABILITIES 302,012 281,404

PROVISIONS FOR LIABILITIES 2,014 2,014
NET ASSETS 299,998 279,390

CAPITAL AND RESERVES
Called up share capital 8 50 50
Retained earnings 299,948 279,340
SHAREHOLDERS' FUNDS 299,998 279,390

PARKER MAYTHORN LIMITED (REGISTERED NUMBER: 02242338)

BALANCE SHEET - continued
31 MARCH 2023


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.

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 and authorised for issue by the Board of Directors and authorised for issue on 14 November 2023 and were signed on its behalf by:





Mr G S Parker - Director


PARKER MAYTHORN LIMITED (REGISTERED NUMBER: 02242338)

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

1. STATUTORY INFORMATION

Parker Maythorn 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.

The financial statements are presented in sterling which is the functional currency of the company and rounded to the nearest pound.

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.

Significant judgements and estimates
No judgements have been made in the process of applying the below accounting policies that have had the most significant effect on amounts recognised in the financial statements.

There are no key assumptions concerning the future and other key sources of estimation uncertainty at the reporting date that have a significant risk of causing material adjustment to the carrying amounts of assets and liabilities within the next financial year.

Turnover
When the outcome of a construction contract can be estimated reliably, contract costs and turnover are recognised by reference to the stage of completion at the balance sheet date. Stage of completion is measured by reference to contractual obligations performed.

Where the outcome cannot be measured reliably, contract costs are recognised as an expense in the period in which they are incurred and contract turnover is recognised to the extent of costs incurred that it is probable will be recoverable.

When it is probable that contract costs will exceed the total contract turnover, the expected loss is recognised as an expense immediately, with a corresponding provision.

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 - 10% on reducing balance

Tangible fixed assets are stated at cost (or deemed cost) or valuation less accumulated depreciation and accumulated impairment losses. Cost includes costs directly attributable to making the asset capable of operating as intended.

PARKER MAYTHORN LIMITED (REGISTERED NUMBER: 02242338)

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

2. ACCOUNTING POLICIES - continued

Stocks
Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing stock to its present location and condition. Cost is calculated using the first-in, first-out formula. Provision is made for damaged, obsolete and slow-moving stock where appropriate.

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.

Financial instruments
Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as either financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 14 (2022 - 12 ) .

PARKER MAYTHORN LIMITED (REGISTERED NUMBER: 02242338)

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

4. TANGIBLE FIXED ASSETS
Plant and
machinery
£
COST
At 1 April 2022
and 31 March 2023 18,778
DEPRECIATION
At 1 April 2022 6,931
Charge for year 1,615
At 31 March 2023 8,546
NET BOOK VALUE
At 31 March 2023 10,232
At 31 March 2022 11,847

5. STOCKS
31.3.23 31.3.22
£ £
Stocks 1,000 1,000

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.23 31.3.22
£ £
Trade debtors 300,329 69,512
Amounts owed by group undertakings 20,176 164,292
Other debtors 20,000 20,000
Prepayments and accrued income 5,263 6,458
345,768 260,262

PARKER MAYTHORN LIMITED (REGISTERED NUMBER: 02242338)

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

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.23 31.3.22
£ £
Trade creditors (980 ) (1,293 )
Corporation tax 52,342 47,018
Social security and other taxes 8,003 8,475
VAT 76,971 40,559
Other creditors 1,020 761
Directors' loan accounts 18,933 294
Accrued expenses 2,450 2,360
158,739 98,174

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.3.23 31.3.22
value: £ £
20 A Ordinary £1 20 20
20 B Ordinary £1 20 20
5 C Ordinary £1 5 5
5 D Ordinary £1 5 5
50 50

9. RELATED PARTY DISCLOSURES

S A & C Ibbotson

A business in in which Mr G. S. Parker and Mrs M. Parker are partners.

During 2018 amounts totalling £20,000 were loaned to S A & C Ibbotson. £20,000 remained outstanding as at 31 March 2023

10. ULTIMATE CONTROLLING PARTY

The controlling party is Parkers Roofing Holdings Limited.

The Parent Company's Registered Office is 12 Victoria Road, Barnsley, S70 2BB