IRIS Accounts Production v23.3.0.418 00862322 director 1.4.22 31.3.23 31.3.23 false true false false true false Ordinary 1.00000 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh008623222022-03-31008623222023-03-31008623222022-04-012023-03-31008623222021-03-31008623222021-04-012022-03-31008623222022-03-3100862322ns10:Originalns15:EnglandWales2022-04-012023-03-3100862322ns14:PoundSterlingns10:Original2022-04-012023-03-3100862322ns10:Originalns10:Director12022-04-012023-03-3100862322ns10:Original2022-04-012023-03-3100862322ns10:Original2023-03-3100862322ns10:Originalns10:PrivateLimitedCompanyLtd2022-04-012023-03-3100862322ns10:Originalns10:SmallEntities2022-04-012023-03-3100862322ns10:Originalns10:AuditExempt-NoAccountantsReport2022-04-012023-03-3100862322ns10:Originalns10:SmallCompaniesRegimeForDirectorsReport2022-04-012023-03-3100862322ns10:SmallCompaniesRegimeForAccountsns10:Original2022-04-012023-03-3100862322ns10:Originalns10:FullAccounts2022-04-012023-03-3100862322ns10:Originalns10:OrdinaryShareClass12022-04-012023-03-3100862322ns10:Originalns10:RegisteredOffice2022-04-012023-03-3100862322ns10:Original2022-03-3100862322ns10:Originalns5:CurrentFinancialInstruments2023-03-3100862322ns10:Originalns5:CurrentFinancialInstruments2022-03-3100862322ns5:ShareCapitalns10:Original2023-03-3100862322ns5:ShareCapitalns10:Original2022-03-3100862322ns10:Originalns5:RetainedEarningsAccumulatedLosses2023-03-3100862322ns10:Originalns5:RetainedEarningsAccumulatedLosses2022-03-3100862322ns10:Originalns5:FurnitureFittings2022-04-012023-03-3100862322ns10:Originalns5:ComputerEquipment2022-04-012023-03-3100862322ns10:Original2021-04-012022-03-3100862322ns10:Originalns5:FurnitureFittings2022-03-3100862322ns10:Originalns5:ComputerEquipment2022-03-3100862322ns10:Original2022-03-3100862322ns10:Originalns5:FurnitureFittings2023-03-3100862322ns10:Originalns5:ComputerEquipment2023-03-3100862322ns10:Originalns5:FurnitureFittings2022-03-3100862322ns10:Originalns5:ComputerEquipment2022-03-3100862322ns10:Originalns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-03-3100862322ns10:Originalns5:CurrentFinancialInstrumentsns5:WithinOneYear2022-03-3100862322ns10:Originalns10:OrdinaryShareClass12023-03-31
REGISTERED NUMBER: 00862322 (England and Wales)






Albert Parker & Son Limited

Financial Statements

for the Year Ended 31 March 2023






Albert Parker & Son Limited (Registered number: 00862322)

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


Albert Parker & Son Limited

Company Information
for the year ended 31 March 2023







DIRECTOR: Mr J R Parker





REGISTERED OFFICE: Britannia House
31 Warrengate
Wakefield
West Yorkshire
WF1 1SA





REGISTERED NUMBER: 00862322 (England and Wales)





ACCOUNTANTS: SMH Jolliffe Cork Ltd
Chartered Accountants
33 George Street
Wakefield
West Yorkshire
WF1 1LX

Albert Parker & Son Limited (Registered number: 00862322)

Balance Sheet
31 March 2023

2023 2022
Notes £ £ £ £
FIXED ASSETS
Tangible assets 4 2,925 2,750

CURRENT ASSETS
Stocks 5,620 5,916
Debtors 5 1,457 1,801
Cash at bank and in hand 5,225 2,941
12,302 10,658
CREDITORS
Amounts falling due within one year 6 9,462 8,756
NET CURRENT ASSETS 2,840 1,902
TOTAL ASSETS LESS CURRENT
LIABILITIES

5,765

4,652

PROVISIONS FOR LIABILITIES 556 524
NET ASSETS 5,209 4,128

Albert Parker & Son Limited (Registered number: 00862322)

Balance Sheet - continued
31 March 2023

2023 2022
Notes £ £ £ £

CAPITAL AND RESERVES
Called up share capital 7 100 100
Retained earnings 5,109 4,028
SHAREHOLDERS' FUNDS 5,209 4,128

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 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 15 November 2023 and were signed by:





Mr J R Parker - Director


Albert Parker & Son Limited (Registered number: 00862322)

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


1. STATUTORY INFORMATION

Albert Parker & Son 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 functional and presentational currency for the company is the pound sterling (£). All financial information presented has been rounded to the nearest (£), unless otherwise stated.

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.
Fixtures and fittings - 10% on reducing balance
Office equipment - 10% on reducing balance

Fixed assets are initially recorded at cost.

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

Financial instruments
The company has chosen to adopt Sections 11 and 12 of FRS 102 in respect of financial instruments.

All financial assets and liabilities are initially measured at transaction price (including transaction costs), except for those financial assets classified as at fair value through profit or loss, which are initially measured at fair value (which is normally the transaction price excluding transaction costs), unless the arrangement constitutes a financing transaction. If an arrangement constitutes a financing transaction, the financial asset or financial liability is measured at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.

Financial assets and liabilities are only offset in the balance sheet when and only when there exists a legally enforceable right to set off the recognised amounts and the company intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.

Financial assets are derecognised when and only when; a) the contractual rights to the cash flows from the financial asset expire or are settled, b) the company transfers to another party substantially all of the risks and rewards of ownership of the financial asset, or, c) the company, despite having retained some, but not all, significant risks and rewards of ownership, has transferred control of the asset to another party.

Financial liabilities are derecognised only when the obligation specified in the contract is discharged, cancelled or expires.


Albert Parker & Son Limited (Registered number: 00862322)

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


2. ACCOUNTING POLICIES - continued
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 2 (2022 - 2 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
and Office
fittings equipment Totals
£ £ £
COST
At 1 April 2022 8,488 8,702 17,190
Additions - 500 500
At 31 March 2023 8,488 9,202 17,690
DEPRECIATION
At 1 April 2022 7,427 7,013 14,440
Charge for year 106 219 325
At 31 March 2023 7,533 7,232 14,765
NET BOOK VALUE
At 31 March 2023 955 1,970 2,925
At 31 March 2022 1,061 1,689 2,750

Albert Parker & Son Limited (Registered number: 00862322)

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 322 376
Tax - 402
VAT 48 -
Prepayments and accrued income 1,087 1,023
1,457 1,801

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£ £
Trade creditors 2,199 495
Tax 287 -
VAT - 42
Other creditors 621 1,197
Directors' current accounts 4,380 5,408
Accruals and deferred income 1,975 1,614
9,462 8,756

7. CALLED UP SHARE CAPITAL

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