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Company Registration No. 11134259 (England and Wales)
Parker Masters Ltd Unaudited accounts for the year ended 31 December 2023
Parker Masters Ltd Unaudited accounts Contents
Page
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Parker Masters Ltd Company Information for the year ended 31 December 2023
Directors
Jonathan Masters Erika Masters
Company Number
11134259 (England and Wales)
Registered Office
Unit 2, Plot 3, Kelsey Close Attleborough Fields Industrial Estate Nuneaton Warwickshire CV11 6RS
Accountants
RLTP Accountants Suite 8, Riverside Business Centre Foundry Lane Milford, Belper Derbyshire DE56 0RN
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Parker Masters Ltd Statement of financial position as at 31 December 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
22,897 
18,444 
Current assets
Inventories
6,030 
30 
Debtors
28,338 
31,354 
Cash at bank and in hand
37,070 
58,095 
71,438 
89,479 
Creditors: amounts falling due within one year
(16,515)
(25,998)
Net current assets
54,923 
63,481 
Total assets less current liabilities
77,820 
81,925 
Creditors: amounts falling due after more than one year
(15,700)
(22,133)
Net assets
62,120 
59,792 
Capital and reserves
Called up share capital
2 
2 
Profit and loss account
62,118 
59,790 
Shareholders' funds
62,120 
59,792 
For the year ending 31 December 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 2 July 2024 and were signed on its behalf by
Jonathan Masters Director Company Registration No. 11134259
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Parker Masters Ltd Notes to the Accounts for the year ended 31 December 2023
1
Statutory information
Parker Masters Ltd is a private company, limited by shares, registered in England and Wales, registration number 11134259. The registered office is Unit 2, Plot 3, Kelsey Close, Attleborough Fields Industrial Estate, Nuneaton, Warwickshire, CV11 6RS.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
20% RB
Motor vehicles
20% RB
Intangible fixed assets
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
4
Intangible fixed assets
Goodwill 
£ 
Cost
At 1 January 2023
11,300 
At 31 December 2023
11,300 
Amortisation
At 1 January 2023
11,300 
At 31 December 2023
11,300 
Net book value
At 31 December 2023
- 
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Parker Masters Ltd Notes to the Accounts for the year ended 31 December 2023
5
Tangible fixed assets
Plant & machinery 
Motor vehicles 
Computer equipment 
Total 
£ 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At cost 
At 1 January 2023
21,382 
24,160 
1,066 
46,608 
Additions
10,000 
- 
333 
10,333 
At 31 December 2023
31,382 
24,160 
1,399 
56,941 
Depreciation
At 1 January 2023
13,869 
13,852 
443 
28,164 
Charge for the year
3,503 
2,062 
315 
5,880 
At 31 December 2023
17,372 
15,914 
758 
34,044 
Net book value
At 31 December 2023
14,010 
8,246 
641 
22,897 
At 31 December 2022
7,513 
10,308 
623 
18,444 
6
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
Trade debtors
28,648 
31,354 
Other debtors
(310)
- 
28,338 
31,354 
7
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
VAT
1,916 
7,506 
Trade creditors
3,997 
29 
Taxes and social security
9,665 
16,927 
Other creditors
37 
- 
Loans from directors
- 
961 
Accruals
900 
575 
16,515 
25,998 
8
Creditors: amounts falling due after more than one year
2023 
2022 
£ 
£ 
Bank loans
14,500 
20,500 
Obligations under finance leases and hire purchase contracts
1,200 
1,633 
15,700 
22,133 
9
Average number of employees
During the year the average number of employees was 2 (2022: 1).
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