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REGISTERED NUMBER: 13389617 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 May 2024

for

Parkers Electrical Services Ltd

Parkers Electrical Services Ltd (Registered number: 13389617)






Contents of the Financial Statements
for the Year Ended 31 May 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4

Report of the Accountants 7

Parkers Electrical Services Ltd

Company Information
for the Year Ended 31 May 2024







DIRECTORS: A W Parker
C A Walker





REGISTERED OFFICE: 30 Valley Crescent
Blaydon-On-Tyne
NE21 4HJ





REGISTERED NUMBER: 13389617 (England and Wales)





ACCOUNTANTS: AWS Accountancy Limited
3 Berrymoor Court
Northumberland Business Park
Cramlington
Northumberland
NE23 7RZ

Parkers Electrical Services Ltd (Registered number: 13389617)

Balance Sheet
31 May 2024

31.5.24 31.5.23
Notes £ £ £ £
FIXED ASSETS
Tangible assets 4 18,377 6,752

CURRENT ASSETS
Debtors 5 37,365 29,791
Cash at bank and in hand 16,704 16,488
54,069 46,279
CREDITORS
Amounts falling due within one year 6 23,302 10,997
NET CURRENT ASSETS 30,767 35,282
TOTAL ASSETS LESS CURRENT
LIABILITIES

49,144

42,034

CREDITORS
Amounts falling due after more than
one year

7

7,000

7,000
NET ASSETS 42,144 35,034

CAPITAL AND RESERVES
Called up share capital 100 1
Retained earnings 42,044 35,033
SHAREHOLDERS' FUNDS 42,144 35,034

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 May 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 2024 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 Electrical Services Ltd (Registered number: 13389617)

Balance Sheet - continued
31 May 2024


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 17 October 2024 and were signed on its behalf by:





A W Parker - Director


Parkers Electrical Services Ltd (Registered number: 13389617)

Notes to the Financial Statements
for the Year Ended 31 May 2024

1. STATUTORY INFORMATION

Parkers Electrical Services Ltd 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 - 25% on reducing balance
Computer equipment - 15% on reducing balance

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 1 ) .

Parkers Electrical Services Ltd (Registered number: 13389617)

Notes to the Financial Statements - continued
for the Year Ended 31 May 2024

4. TANGIBLE FIXED ASSETS
Plant and Motor Computer
machinery vehicles equipment Totals
£ £ £ £
COST
At 1 June 2023 - 11,500 333 11,833
Additions 310 17,250 99 17,659
At 31 May 2024 310 28,750 432 29,492
DEPRECIATION
At 1 June 2023 - 5,031 50 5,081
Charge for year 47 5,930 57 6,034
At 31 May 2024 47 10,961 107 11,115
NET BOOK VALUE
At 31 May 2024 263 17,789 325 18,377
At 31 May 2023 - 6,469 283 6,752

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.5.24 31.5.23
£ £
Trade debtors 15,997 8,783
Other debtors 3,851 4,138
Directors' loan accounts 17,517 16,870
37,365 29,791

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.5.24 31.5.23
£ £
Trade creditors 2,121 922
Tax 13,000 7,671
VAT 7,143 1,654
Other creditors 250 -
Accrued expenses 788 750
23,302 10,997

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
31.5.24 31.5.23
£ £
Bank loans - 1-2 years 7,000 7,000

Parkers Electrical Services Ltd (Registered number: 13389617)

Notes to the Financial Statements - continued
for the Year Ended 31 May 2024

8. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 May 2024 and 31 May 2023:

31.5.24 31.5.23
£ £
A W Parker
Balance outstanding at start of year 16,870 11,877
Amounts advanced 17,517 18,648
Amounts repaid (16,870 ) (13,655 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 17,517 16,870

Parkers Electrical Services Ltd

Report of the Accountants to the Directors of
Parkers Electrical Services Ltd

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

As described on the Balance Sheet you are responsible for the preparation of the financial statements for the year ended 31 May 2024 set out on pages one to nine and you consider that the company is exempt from an audit.

In accordance with your instructions, we have compiled these unaudited financial statements in order to assist you to fulfil your statutory responsibilities, from the accounting records and information and explanations supplied to us.






AWS Accountancy Limited
3 Berrymoor Court
Northumberland Business Park
Cramlington
Northumberland
NE23 7RZ


17 October 2024