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REGISTERED NUMBER: 02351241 (England and Wales)















John Parker International Limited

Financial Statements for the Year Ended 29th February 2024






John Parker International Limited (Registered number: 02351241)

Contents of the Financial Statements
for the Year Ended 29th February 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


John Parker International Limited

Company Information
for the Year Ended 29th February 2024







DIRECTORS: Mrs J Parker
J Parker



SECRETARY: Mrs J Parker



REGISTERED OFFICE: Little Owl Barn
Pedlinge
Hythe
Kent
CT21 4JJ



REGISTERED NUMBER: 02351241 (England and Wales)



ACCOUNTANTS: Sheen Stickland
Chartered Accountants
The Engine House
77 Station Road
Petersfield
Hampshire
GU32 3FQ



BANKERS: Santander Corporate & Commercial
Bridle Road
Bootle
L30 4GB

John Parker International Limited (Registered number: 02351241)

Balance Sheet
29th February 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 2,491,843 2,175,220

CURRENT ASSETS
Stocks 40,000 36,500
Debtors 5 153,839 483,546
Cash at bank and in hand 563,603 399,665
757,442 919,711
CREDITORS
Amounts falling due within one year 6 673,006 775,735
NET CURRENT ASSETS 84,436 143,976
TOTAL ASSETS LESS CURRENT
LIABILITIES

2,576,279

2,319,196

CREDITORS
Amounts falling due after more than
one year

7

(756,672

)

(861,972

)

PROVISIONS FOR LIABILITIES (143,944 ) (139,264 )
NET ASSETS 1,675,663 1,317,960

John Parker International Limited (Registered number: 02351241)

Balance Sheet - continued
29th February 2024

2024 2023
Notes £    £    £    £   
CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings 1,675,661 1,317,958
SHAREHOLDERS' FUNDS 1,675,663 1,317,960

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 29th February 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 29th February 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.

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 14th November 2024 and were signed on its behalf by:





J Parker - Director


John Parker International Limited (Registered number: 02351241)

Notes to the Financial Statements
for the Year Ended 29th February 2024


1. STATUTORY INFORMATION

John Parker International 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 represents net invoiced sales of services and related expenses, excluding value added tax. Fees for sales of services are recognised on the date that the service is performed. Recharged expenses are recognised at the point the expenditure is incurred.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Land and buildings - not provided
Plant and machinery etc - 33% on cost, 25% on reducing balance and 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.


John Parker International Limited (Registered number: 02351241)

Notes to the Financial Statements - continued
for the Year Ended 29th February 2024


2. ACCOUNTING POLICIES - continued
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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 19 (2023 - 18 ) .

John Parker International Limited (Registered number: 02351241)

Notes to the Financial Statements - continued
for the Year Ended 29th February 2024


4. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1st March 2023 1,468,337 1,943,627 3,411,964
Additions 491,390 - 491,390
At 29th February 2024 1,959,727 1,943,627 3,903,354
DEPRECIATION
At 1st March 2023 - 1,236,744 1,236,744
Charge for year - 174,767 174,767
At 29th February 2024 - 1,411,511 1,411,511
NET BOOK VALUE
At 29th February 2024 1,959,727 532,116 2,491,843
At 28th February 2023 1,468,337 706,883 2,175,220

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 46,883 275,154
Other debtors 106,956 208,392
153,839 483,546

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 65,404 60,874
Hire purchase contracts 28,969 26,706
Trade creditors 243,776 188,159
Taxation and social security 197,599 90,261
Other creditors 137,258 409,735
673,006 775,735

John Parker International Limited (Registered number: 02351241)

Notes to the Financial Statements - continued
for the Year Ended 29th February 2024


7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Bank loans 653,505 729,836
Hire purchase contracts 103,167 132,136
756,672 861,972

Amounts falling due in more than five years:

Repayable by instalments
Bank loans 300,968 -
Hire purchase - 3,081
300,968 3,081

8. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Hire purchase contracts 132,136 158,842
Bank loans 718,909 790,710
851,045 949,552

The bank overdraft and bank loans are secured by a fixed and floating charge on the freehold property and all company assets both present and future.

9. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 29th February 2024 and 28th February 2023:

2024 2023
£    £   
J F Parker and Mrs J Parker
Balance outstanding at start of year 30,326 -
Amounts advanced - 30,326
Amounts repaid (30,326 ) -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year - 30,326

John Parker International Limited (Registered number: 02351241)

Notes to the Financial Statements - continued
for the Year Ended 29th February 2024


9. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES - continued

The advance is unsecured, subject to the official rate of interest and repayable on demand.