2 false false false false false false false false false false true false false false false false false No description of principal activity 2022-12-01 Sage Accounts Production Advanced 2023 - FRS102_2023 15,203 15,203 15,203 xbrli:pure xbrli:shares iso4217:GBP 02652559 2022-12-01 2023-12-31 02652559 2023-12-31 02652559 2022-11-30 02652559 2021-12-01 2022-11-30 02652559 2022-11-30 02652559 2021-11-30 02652559 core:LandBuildings core:OwnedOrFreeholdAssets 2022-12-01 2023-12-31 02652559 core:FurnitureFittings 2022-12-01 2023-12-31 02652559 core:MotorVehicles 2022-12-01 2023-12-31 02652559 bus:Director1 2022-12-01 2023-12-31 02652559 core:LandBuildings 2022-11-30 02652559 core:FurnitureFittings 2022-11-30 02652559 core:MotorVehicles 2022-11-30 02652559 core:LandBuildings 2023-12-31 02652559 core:FurnitureFittings 2023-12-31 02652559 core:MotorVehicles 2023-12-31 02652559 core:LandBuildings 2022-12-01 2023-12-31 02652559 core:WithinOneYear 2023-12-31 02652559 core:WithinOneYear 2022-11-30 02652559 core:AfterOneYear 2023-12-31 02652559 core:AfterOneYear 2022-11-30 02652559 core:ShareCapital 2023-12-31 02652559 core:ShareCapital 2022-11-30 02652559 core:RevaluationReserve 2023-12-31 02652559 core:RevaluationReserve 2022-11-30 02652559 core:CapitalRedemptionReserve 2023-12-31 02652559 core:CapitalRedemptionReserve 2022-11-30 02652559 core:RetainedEarningsAccumulatedLosses 2023-12-31 02652559 core:RetainedEarningsAccumulatedLosses 2022-11-30 02652559 core:CostValuation core:Non-currentFinancialInstruments 2023-12-31 02652559 core:Non-currentFinancialInstruments 2023-12-31 02652559 core:Non-currentFinancialInstruments 2022-11-30 02652559 core:LandBuildings 2022-11-30 02652559 core:FurnitureFittings 2022-11-30 02652559 core:MotorVehicles 2022-11-30 02652559 bus:SmallEntities 2022-12-01 2023-12-31 02652559 bus:AuditExemptWithAccountantsReport 2022-12-01 2023-12-31 02652559 bus:SmallCompaniesRegimeForAccounts 2022-12-01 2023-12-31 02652559 bus:PrivateLimitedCompanyLtd 2022-12-01 2023-12-31 02652559 bus:FullAccounts 2022-12-01 2023-12-31
COMPANY REGISTRATION NUMBER: 02652559
C Parker & Sons Limited
Filleted Unaudited Financial Statements
31 December 2023
C Parker & Sons Limited
Statement of Financial Position
31 December 2023
31 Dec 23
30 Nov 22
Note
£
£
£
Fixed assets
Tangible assets
5
1,662,203
1,647,037
Investments
6
15,203
15,203
------------
------------
1,677,406
1,662,240
Current assets
Stocks
21,784
84,955
Debtors
7
142,313
430,424
Cash at bank and in hand
469,206
298,562
---------
---------
633,303
813,941
Creditors: amounts falling due within one year
8
111,123
233,401
---------
---------
Net current assets
522,180
580,540
------------
------------
Total assets less current liabilities
2,199,586
2,242,780
Creditors: amounts falling due after more than one year
9
142,301
126,882
------------
------------
Net assets
2,057,285
2,115,898
------------
------------
Capital and reserves
Called up share capital
30,000
30,000
Revaluation reserve
734,125
734,125
Capital redemption reserve
147,906
147,906
Profit and loss account
1,145,254
1,203,867
------------
------------
Shareholders funds
2,057,285
2,115,898
------------
------------
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.
For the period ending 31 December 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's responsibilities:
- The members have not required the company to obtain an audit of its financial statements for the period in question in accordance with section 476 ;
- The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
C Parker & Sons Limited
Statement of Financial Position (continued)
31 December 2023
These financial statements were approved by the board of directors and authorised for issue on 24 September 2024 , and are signed on behalf of the board by:
D Parker
Director
Company registration number: 02652559
C Parker & Sons Limited
Notes to the Financial Statements
Period from 1 December 2022 to 31 December 2023
1. General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Whales Lane, Marsh Gibbon, Bicester, Oxon, OX27 0HF.
2. Statement of compliance
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax. Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.
Income tax
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Foreign currencies
Foreign currency transactions are initially recorded in the functional currency, by applying the spot exchange rate as at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are translated at the exchange rate ruling at the reporting date, with any gains or losses being taken to the profit and loss account.
Tangible assets
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Freehold Property
-
2% straight line
Fixtures & Fittings
-
20% straight line
Motor Vehicles
-
25% reducing balance
Investments
Fixed asset investments are initially recorded at cost, and subsequently stated at cost less any accumulated impairment losses.
Listed investments are measured at fair value with changes in fair value being recognised in profit or loss.
Investments in associates
Investments in associates accounted for in accordance with the cost model are recorded at cost less any accumulated impairment losses.
Investments in joint ventures
Investments in joint ventures accounted for in accordance with the cost model are recorded at cost less any accumulated impairment losses.
Impairment of fixed assets
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date.
Stocks
Stocks are measured 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 the stock to its present location and condition.
Finance leases and hire purchase contracts
Assets held under finance leases and hire purchase contracts are recognised in the statement of financial position as assets and liabilities at the lower of the fair value of the assets and the present value of the minimum lease payments, which is determined at the inception of the lease term. Any initial direct costs of the lease are added to the amount recognised as an asset. Lease payments are apportioned between the finance charges and reduction of the outstanding lease liability using the effective interest method. Finance charges are allocated to each period so as to produce a constant rate of interest on the remaining balance of the liability.
4. Employee numbers
The average number of persons employed by the company during the period amounted to 2 (2022: 2 ).
5. Tangible assets
Land and buildings
Fixtures and fittings
Motor vehicles
Total
£
£
£
£
Cost
At 1 December 2022
1,516,783
104,688
437,271
2,058,742
Additions
22,850
735
198,745
222,330
Disposals
( 130,129)
( 130,129)
------------
---------
---------
------------
At 31 December 2023
1,539,633
105,423
505,887
2,150,943
------------
---------
---------
------------
Depreciation
At 1 December 2022
69,910
73,448
268,346
411,704
Charge for the period
20,969
8,784
63,412
93,165
Disposals
( 16,129)
( 16,129)
------------
---------
---------
------------
At 31 December 2023
90,879
82,232
315,629
488,740
------------
---------
---------
------------
Carrying amount
At 31 December 2023
1,448,754
23,191
190,258
1,662,203
------------
---------
---------
------------
At 30 November 2022
1,446,873
31,240
168,925
1,647,038
------------
---------
---------
------------
6. Investments
Other investments other than loans
£
Cost
At 1 December 2022 and 31 December 2023
15,203
--------
Impairment
At 1 December 2022 and 31 December 2023
--------
Carrying amount
At 31 December 2023
15,203
--------
At 30 November 2022
15,203
--------
7. Debtors
31 Dec 23
30 Nov 22
£
£
Trade debtors
110,155
398,933
Other debtors
32,158
31,491
---------
---------
142,313
430,424
---------
---------
8. Creditors: amounts falling due within one year
31 Dec 23
30 Nov 22
£
£
Bank loans and overdrafts
9,375
9,375
Trade creditors
37,889
142,256
Corporation tax
1,311
1
Social security and other taxes
9,509
16,492
Other creditors
53,039
65,277
---------
---------
111,123
233,401
---------
---------
9. Creditors: amounts falling due after more than one year
31 Dec 23
30 Nov 22
£
£
Bank loans and overdrafts
17,241
27,904
Other creditors
125,060
98,978
---------
---------
142,301
126,882
---------
---------