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REGISTERED NUMBER: 04207612 (England and Wales)

























Unaudited Financial Statements

for the Year Ended 30 April 2024

for

Parker Design Consultants Limited

Parker Design Consultants Limited (Registered number: 04207612)






Contents of the Financial Statements
for the year ended 30 April 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4

Chartered Accountants' Report 8

Parker Design Consultants Limited

Company Information
for the year ended 30 April 2024







DIRECTORS: A Parker
S M Hallows





REGISTERED OFFICE: 18 Cheshire Avenue
Cheshire Business Park
Lostock Gralam
Northwich
Cheshire
CW9 7UA





REGISTERED NUMBER: 04207612 (England and Wales)





ACCOUNTANTS: Bennett Brooks & Co. Limited
Chartered Accountants
St George's Court
Winnington Avenue
Northwich
Cheshire
CW8 4EE

Parker Design Consultants Limited (Registered number: 04207612)

Balance Sheet
30 April 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - 21,251
Tangible assets 5 29,808 58,084
29,808 79,335

CURRENT ASSETS
Debtors 6 847,812 765,323
Cash at bank 201,895 265,534
1,049,707 1,030,857
CREDITORS
Amounts falling due within one year 7 435,933 443,352
NET CURRENT ASSETS 613,774 587,505
TOTAL ASSETS LESS CURRENT
LIABILITIES

643,582

666,840

CREDITORS
Amounts falling due after more than one year 8 (97,201 ) (150,000 )

PROVISIONS FOR LIABILITIES (6,914 ) (9,285 )
NET ASSETS 539,467 507,555

CAPITAL AND RESERVES
Called up share capital 9 1,100 1,100
Retained earnings 538,367 506,455
SHAREHOLDERS' FUNDS 539,467 507,555

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2024.

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

Parker Design Consultants Limited (Registered number: 04207612)

Balance Sheet - continued
30 April 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 Profit and Loss has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 18 November 2024 and were signed on its behalf by:




A Parker - Director



S M Hallows - Director


Parker Design Consultants Limited (Registered number: 04207612)

Notes to the Financial Statements
for the year ended 30 April 2024

1. STATUTORY INFORMATION

Parker Design Consultants 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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, excluding value added tax.

Goodwill
Goodwill has been amortised evenly over its estimated useful life of 20 years. The goodwill has been fully amortised in the year.

Tangible fixed assets
Tangible fixed assets are stated at cost less accumulated depreciation. Cost includes the original purchase price of the asset and the costs attributable to bringing the asset to its working condition for its intended use.

Depreciation is provided on all tangible fixed assets, at rates calculated to write off the cost, less estimated residual value, of each asset on a systematic basis over its expected useful life as follows:

Improvements to property- 10% on cost
Plant and machinery- 20% on cost
Fixtures and fittings- 20% on cost
Computer equipment- 20% on cost

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and Loss account, 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.

Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

Operating lease commitments
Rentals paid under operating leases are charged to the Profit and Loss account 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 the Profit and Loss account in the period to which they relate.

Parker Design Consultants Limited (Registered number: 04207612)

Notes to the Financial Statements - continued
for the year ended 30 April 2024

2. ACCOUNTING POLICIES - continued

Share capital
Ordinary, Ordinary B, Ordinary C, Ordinary D and Ordinary E shares are classed as equity.

Short term debtors and creditors
Short term debtors and creditors with no stated interest rate are recorded at transaction price. Any losses arising from impairment are recognised in the Profit and Loss account.

Distributions to equity holders
Dividends are recognised as a liability in the financial statements in the period in which the dividends are approved by the company's shareholders. These amounts are recognised in the statement of changes in equity.

Cash and cash equivalents
Cash and cash equivalents includes cash in hand, cash held with banks and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 17 (2023 - 20 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 May 2023
and 30 April 2024 850,000
AMORTISATION
At 1 May 2023 828,749
Charge for year 21,251
At 30 April 2024 850,000
NET BOOK VALUE
At 30 April 2024 -
At 30 April 2023 21,251

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 May 2023 357,950
Disposals (40,143 )
At 30 April 2024 317,807
DEPRECIATION
At 1 May 2023 299,866
Charge for year 28,276
Eliminated on disposal (40,143 )
At 30 April 2024 287,999
NET BOOK VALUE
At 30 April 2024 29,808
At 30 April 2023 58,084

Parker Design Consultants Limited (Registered number: 04207612)

Notes to the Financial Statements - continued
for the year ended 30 April 2024

5. TANGIBLE FIXED ASSETS - continued

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Plant and
machinery
etc
£   
COST
At 1 May 2023
and 30 April 2024 33,027
DEPRECIATION
At 1 May 2023 10,459
Charge for year 6,605
At 30 April 2024 17,064
NET BOOK VALUE
At 30 April 2024 15,963
At 30 April 2023 22,568

6. DEBTORS
2024 2023
£    £   
Amounts falling due within one year:
Trade debtors 440,820 261,009
Other debtors 188,631 193,956
629,451 454,965

Amounts falling due after more than one year:
Amounts owed by group undertakings 218,361 310,358

Aggregate amounts 847,812 765,323

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Hire purchase contracts 2,752 13,761
Trade creditors 77,782 99,638
Taxation and social security 115,974 115,907
Other creditors 239,425 214,046
435,933 443,352

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Other creditors 97,201 150,000

Parker Design Consultants Limited (Registered number: 04207612)

Notes to the Financial Statements - continued
for the year ended 30 April 2024

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
100 Ordinary £1 100 100
400 Ordinary B £1 400 400
400 Ordinary C £1 400 400
100 Ordinary D £1 100 100
100 Ordinary E £1 100 100
1,100 1,100

10. OTHER FINANCIAL COMMITMENTS

At the balance sheet date the company has non cancellable operating lease commitments totalling £6,550 (2023: £8,938)

11. RELATED PARTY DISCLOSURES

The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

At the year end the directors are owed £97,201 (2023: £249,625) in aggregation. The loans attract no interest, with £97,201 (2023: £150,000) repayable 13 months after the balance sheet date and the remainder repayable on demand.

12. ULTIMATE PARENT COMPANY

Parker Design Group (UK) Limited is the ultimate parent company. The parent's registered office is 18 Cheshire Avenue, Cheshire Business Park, Lostock Gralam, Northwich, Cheshire, CW9 7UA.

Chartered Accountants' Report to the Board of Directors
on the Unaudited Financial Statements of
Parker Design Consultants Limited

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.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Parker Design Consultants Limited for the year ended 30 April 2024 which comprise the Profit and Loss, Balance Sheet, Statement of Changes in Equity and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of Parker Design Consultants Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Parker Design Consultants Limited and state those matters that we have agreed to state to the Board of Directors of Parker Design Consultants Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Parker Design Consultants Limited and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Parker Design Consultants Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Parker Design Consultants Limited. You consider that Parker Design Consultants Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Parker Design Consultants Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






Bennett Brooks & Co. Limited
Chartered Accountants
St George's Court
Winnington Avenue
Northwich
Cheshire
CW8 4EE


18 November 2024