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REGISTERED NUMBER: 04975588 (England and Wales)















Unaudited Financial Statements

for the Year Ended 30th November 2023

for

Parkers Rock and Gifts Limited

Parkers Rock and Gifts Limited (Registered number: 04975588)






Contents of the Financial Statements
for the year ended 30th November 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Parkers Rock and Gifts Limited

Company Information
for the year ended 30th November 2023







DIRECTORS: Mr M S Parker
Mrs D Parker





SECRETARY: Mr M S Parker





REGISTERED OFFICE: Black Bull House
353-355 Station Road
Bamber Bridge
Preston
Lancashire
PR5 6EE





REGISTERED NUMBER: 04975588 (England and Wales)





ACCOUNTANTS: Robin Oatridge & Co Limited
Chartered Certified Accountants
Black Bull House
353-355 Station Road
Bamber Bridge
Preston
Lancashire
PR5 6EE

Parkers Rock and Gifts Limited (Registered number: 04975588)

Balance Sheet
30th November 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 244,550 253,185

CURRENT ASSETS
Stocks 5 42,750 57,250
Debtors 6 678,189 35,000
Cash at bank 62,511 831,121
783,450 923,371
CREDITORS
Amounts falling due within one year 7 291,344 339,431
NET CURRENT ASSETS 492,106 583,940
TOTAL ASSETS LESS CURRENT
LIABILITIES

736,656

837,125

PROVISIONS FOR LIABILITIES - 2,534
NET ASSETS 736,656 834,591

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 736,556 834,491
SHAREHOLDERS' FUNDS 736,656 834,591

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30th November 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30th November 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.

Parkers Rock and Gifts Limited (Registered number: 04975588)

Balance Sheet - continued
30th November 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 31st August 2024 and were signed on its behalf by:





Mr M S Parker - Director


Parkers Rock and Gifts Limited (Registered number: 04975588)

Notes to the Financial Statements
for the year ended 30th November 2023

1. STATUTORY INFORMATION

Parkers Rock and Gifts 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.
Freehold property - Straight line over 50 years
Plant and machinery - 10% on reducing balance
Motor vehicles - 25% 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 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.

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.

Parkers Rock and Gifts Limited (Registered number: 04975588)

Notes to the Financial Statements - continued
for the year ended 30th November 2023

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2022 - 5 ) .

4. TANGIBLE FIXED ASSETS
Freehold Plant and Motor
property machinery vehicles Totals
£    £    £    £   
COST
At 1st December 2022
and 30th November 2023 280,819 9,510 26,800 317,129
DEPRECIATION
At 1st December 2022 40,969 7,394 15,581 63,944
Charge for year 5,617 213 2,805 8,635
At 30th November 2023 46,586 7,607 18,386 72,579
NET BOOK VALUE
At 30th November 2023 234,233 1,903 8,414 244,550
At 30th November 2022 239,850 2,116 11,219 253,185

5. STOCKS
2023 2022
£    £   
Stocks 42,750 57,250

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Other debtors 678,189 35,000

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 15,936 27,305
Taxation and social security 22,309 64,896
Other creditors 253,099 247,230
291,344 339,431

8. ULTIMATE CONTROLLING PARTY

The controlling party is Mr M S Parker.