IRIS Accounts Production v24.1.0.578 04588421 Board of Directors Board of Directors 1.1.23 31.12.23 31.12.23 false true false false true false Ordinary 1.00000 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh045884212022-12-31045884212023-12-31045884212023-01-012023-12-31045884212021-12-31045884212022-01-012022-12-31045884212022-12-3104588421ns15:EnglandWales2023-01-012023-12-3104588421ns14:PoundSterling2023-01-012023-12-3104588421ns10:Director12023-01-012023-12-3104588421ns10:Director22023-01-012023-12-3104588421ns10:PrivateLimitedCompanyLtd2023-01-012023-12-3104588421ns10:SmallEntities2023-01-012023-12-3104588421ns10:AuditExempt-NoAccountantsReport2023-01-012023-12-3104588421ns10:SmallCompaniesRegimeForDirectorsReport2023-01-012023-12-3104588421ns10:SmallCompaniesRegimeForAccounts2023-01-012023-12-3104588421ns10:FullAccounts2023-01-012023-12-3104588421ns10:OrdinaryShareClass12023-01-012023-12-3104588421ns10:CompanySecretary12023-01-012023-12-3104588421ns10:RegisteredOffice2023-01-012023-12-3104588421ns5:CurrentFinancialInstruments2023-12-3104588421ns5:CurrentFinancialInstruments2022-12-3104588421ns5:ShareCapital2023-12-3104588421ns5:ShareCapital2022-12-3104588421ns5:RetainedEarningsAccumulatedLosses2023-12-3104588421ns5:RetainedEarningsAccumulatedLosses2022-12-3104588421ns5:PlantMachinery2023-01-012023-12-3104588421ns5:MotorVehicles2023-01-012023-12-3104588421ns5:ComputerEquipment2023-01-012023-12-3104588421ns5:ShortLeaseholdAssetsns5:LandBuildings2022-12-3104588421ns5:PlantMachinery2022-12-3104588421ns5:MotorVehicles2022-12-3104588421ns5:ComputerEquipment2022-12-3104588421ns5:ShortLeaseholdAssetsns5:LandBuildings2023-01-012023-12-3104588421ns5:ShortLeaseholdAssetsns5:LandBuildings2023-12-3104588421ns5:PlantMachinery2023-12-3104588421ns5:MotorVehicles2023-12-3104588421ns5:ComputerEquipment2023-12-3104588421ns5:ShortLeaseholdAssetsns5:LandBuildings2022-12-3104588421ns5:PlantMachinery2022-12-3104588421ns5:MotorVehicles2022-12-3104588421ns5:ComputerEquipment2022-12-3104588421ns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-12-3104588421ns5:CurrentFinancialInstrumentsns5:WithinOneYear2022-12-3104588421ns5:Non-currentFinancialInstruments2023-12-3104588421ns5:Non-currentFinancialInstruments2022-12-3104588421ns5:WithinOneYear2023-12-3104588421ns5:WithinOneYear2022-12-3104588421ns5:BetweenOneFiveYears2023-12-3104588421ns5:BetweenOneFiveYears2022-12-3104588421ns5:AllPeriods2023-12-3104588421ns5:AllPeriods2022-12-3104588421ns10:OrdinaryShareClass12023-12-31
REGISTERED NUMBER: 04588421 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 December 2023

for

Park Hose & Gaskets Limited

Park Hose & Gaskets Limited (Registered number: 04588421)






Contents of the Financial Statements
for the Year Ended 31 December 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Park Hose & Gaskets Limited

Company Information
for the Year Ended 31 December 2023







DIRECTORS: P Fletcher
M C Wood





SECRETARY: M C Wood





REGISTERED OFFICE: 11 Cranford Court
Hardwick Grange
Woolston
Warrington
Cheshire
WA1 4RX





REGISTERED NUMBER: 04588421 (England and Wales)





ACCOUNTANTS: Lucas Reis Ltd
Chartered Accountants
Lansdowne House
85 Buxton Road
Stockport
Cheshire
SK2 6LR

Park Hose & Gaskets Limited (Registered number: 04588421)

Balance Sheet
31 December 2023

31.12.23 31.12.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 29,373 9,995

CURRENT ASSETS
Stocks 161,630 158,976
Debtors 5 295,518 320,171
Investments 6 353,212 348,045
Cash at bank 413,061 280,082
1,223,421 1,107,274
CREDITORS
Amounts falling due within one year 7 370,531 376,646
NET CURRENT ASSETS 852,890 730,628
TOTAL ASSETS LESS CURRENT
LIABILITIES

882,263

740,623

PROVISIONS FOR LIABILITIES 4,456 1,899
NET ASSETS 877,807 738,724

CAPITAL AND RESERVES
Called up share capital 9 100 100
Retained earnings 877,707 738,624
SHAREHOLDERS' FUNDS 877,807 738,724

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

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

Park Hose & Gaskets Limited (Registered number: 04588421)

Balance Sheet - continued
31 December 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 1 March 2024 and were signed on its behalf by:




P Fletcher - Director



M C Wood - Director


Park Hose & Gaskets Limited (Registered number: 04588421)

Notes to the Financial Statements
for the Year Ended 31 December 2023

1. STATUTORY INFORMATION

Park Hose & Gaskets 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 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 - 15% on reducing balance
Motor vehicles - 20% on reducing balance
Office equipment - 15% on reducing balance

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

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.

Park Hose & Gaskets Limited (Registered number: 04588421)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023

2. ACCOUNTING POLICIES - continued

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 6 (2022 - 6 ) .

4. TANGIBLE FIXED ASSETS
Short Plant and Motor Office
leasehold machinery vehicles equipment Totals
£    £    £    £    £   
COST
At 1 January 2023 - 26,656 - 25,010 51,666
Additions 5,919 230 18,267 175 24,591
At 31 December 2023 5,919 26,886 18,267 25,185 76,257
DEPRECIATION
At 1 January 2023 - 23,474 - 18,197 41,671
Charge for year - 512 3,653 1,048 5,213
At 31 December 2023 - 23,986 3,653 19,245 46,884
NET BOOK VALUE
At 31 December 2023 5,919 2,900 14,614 5,940 29,373
At 31 December 2022 - 3,182 - 6,813 9,995

5. DEBTORS
31.12.23 31.12.22
£    £   
Amounts falling due within one year:
Trade debtors 277,877 302,220
Prepayments and accrued income 1,641 1,951
279,518 304,171

Amounts falling due after more than one year:
Other debtors - rent deposit 16,000 16,000

Aggregate amounts 295,518 320,171

Park Hose & Gaskets Limited (Registered number: 04588421)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023

6. CURRENT ASSET INVESTMENTS
31.12.23 31.12.22
£    £   
Other current asset investment 353,212 348,045

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Trade creditors 221,111 239,046
Tax 104,543 78,242
Social security and other taxes 3,198 3,199
VAT 37,068 48,596
Other creditors 1,880 4,651
Accruals and deferred income 2,731 2,912
370,531 376,646

8. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
31.12.23 31.12.22
£    £   
Within one year 3,966 8,111
Between one and five years - 2,670
3,966 10,781

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.12.23 31.12.22
value: £    £   
100 Ordinary £1 100 100

10. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is P Fletcher.