Caseware UK (AP4) 2023.0.135 2023.0.135 2024-03-312024-03-311972023-04-01false19No description of principal activity21truetruefalse 04707872 2023-04-01 2024-03-31 04707872 2022-04-01 2023-03-31 04707872 2024-03-31 04707872 2023-03-31 04707872 2022-04-01 04707872 c:Director1 2023-04-01 2024-03-31 04707872 c:Director4 2023-04-01 2024-03-31 04707872 d:Buildings d:LongLeaseholdAssets 2023-04-01 2024-03-31 04707872 d:Buildings d:LongLeaseholdAssets 2024-03-31 04707872 d:Buildings d:LongLeaseholdAssets 2023-03-31 04707872 d:PlantMachinery 2023-04-01 2024-03-31 04707872 d:PlantMachinery 2024-03-31 04707872 d:PlantMachinery 2023-03-31 04707872 d:PlantMachinery d:OwnedOrFreeholdAssets 2023-04-01 2024-03-31 04707872 d:PlantMachinery d:LeasedAssetsHeldAsLessee 2023-04-01 2024-03-31 04707872 d:MotorVehicles 2023-04-01 2024-03-31 04707872 d:MotorVehicles 2024-03-31 04707872 d:MotorVehicles 2023-03-31 04707872 d:MotorVehicles d:OwnedOrFreeholdAssets 2023-04-01 2024-03-31 04707872 d:MotorVehicles d:LeasedAssetsHeldAsLessee 2023-04-01 2024-03-31 04707872 d:FurnitureFittings 2023-04-01 2024-03-31 04707872 d:FurnitureFittings 2024-03-31 04707872 d:FurnitureFittings 2023-03-31 04707872 d:FurnitureFittings d:OwnedOrFreeholdAssets 2023-04-01 2024-03-31 04707872 d:FurnitureFittings d:LeasedAssetsHeldAsLessee 2023-04-01 2024-03-31 04707872 d:OwnedOrFreeholdAssets 2023-04-01 2024-03-31 04707872 d:LeasedAssetsHeldAsLessee 2023-04-01 2024-03-31 04707872 d:CurrentFinancialInstruments 2024-03-31 04707872 d:CurrentFinancialInstruments 2023-03-31 04707872 d:Non-currentFinancialInstruments 2024-03-31 04707872 d:Non-currentFinancialInstruments 2023-03-31 04707872 d:CurrentFinancialInstruments d:WithinOneYear 2024-03-31 04707872 d:CurrentFinancialInstruments d:WithinOneYear 2023-03-31 04707872 d:Non-currentFinancialInstruments d:AfterOneYear 2024-03-31 04707872 d:Non-currentFinancialInstruments d:AfterOneYear 2023-03-31 04707872 d:Non-currentFinancialInstruments d:BetweenOneTwoYears 2024-03-31 04707872 d:Non-currentFinancialInstruments d:BetweenOneTwoYears 2023-03-31 04707872 d:Non-currentFinancialInstruments d:BetweenTwoFiveYears 2024-03-31 04707872 d:Non-currentFinancialInstruments d:BetweenTwoFiveYears 2023-03-31 04707872 d:ShareCapital 2024-03-31 04707872 d:ShareCapital 2023-03-31 04707872 d:RetainedEarningsAccumulatedLosses 2024-03-31 04707872 d:RetainedEarningsAccumulatedLosses 2023-03-31 04707872 c:OrdinaryShareClass1 2023-04-01 2024-03-31 04707872 c:OrdinaryShareClass1 2024-03-31 04707872 c:OrdinaryShareClass1 2023-03-31 04707872 c:OrdinaryShareClass2 2023-04-01 2024-03-31 04707872 c:OrdinaryShareClass2 2024-03-31 04707872 c:OrdinaryShareClass2 2023-03-31 04707872 c:OrdinaryShareClass3 2023-04-01 2024-03-31 04707872 c:OrdinaryShareClass3 2024-03-31 04707872 c:OrdinaryShareClass3 2023-03-31 04707872 c:OrdinaryShareClass4 2023-04-01 2024-03-31 04707872 c:OrdinaryShareClass4 2024-03-31 04707872 c:OrdinaryShareClass4 2023-03-31 04707872 c:FRS102 2023-04-01 2024-03-31 04707872 c:Audited 2023-04-01 2024-03-31 04707872 c:FullAccounts 2023-04-01 2024-03-31 04707872 c:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 04707872 d:WithinOneYear 2024-03-31 04707872 d:WithinOneYear 2023-03-31 04707872 d:BetweenOneFiveYears 2024-03-31 04707872 d:BetweenOneFiveYears 2023-03-31 04707872 c:SmallCompaniesRegimeForAccounts 2023-04-01 2024-03-31 04707872 d:AcceleratedTaxDepreciationDeferredTax 2024-03-31 04707872 d:AcceleratedTaxDepreciationDeferredTax 2023-03-31 04707872 2 2023-04-01 2024-03-31 04707872 e:PoundSterling 2023-04-01 2024-03-31 iso4217:GBP xbrli:shares xbrli:pure
Registered number: 04707872














PARKER CEILINGS LIMITED
FINANCIAL STATEMENTS
INFORMATION FOR FILING WITH THE REGISTRAR
FOR THE YEAR ENDED 31 MARCH 2024

 
PARKER CEILINGS LIMITED
REGISTERED NUMBER:04707872

BALANCE SHEET
AS AT 31 MARCH 2024

2024
2023
                                                                     Note

FIXED ASSETS
  

Tangible assets
 4 
21,177
25,279

CURRENT ASSETS
  

Debtors: amounts falling due within one year
 5 
588,985
472,027

Cash at bank and in hand
  
348,583
400,358

  
937,568
872,385

  

Creditors: amounts falling due within one year
 6 
(531,558)
(463,855)

NET CURRENT ASSETS
  
 
 
406,010
 
 
408,530

TOTAL ASSETS LESS CURRENT LIABILITIES
  
427,187
433,809

Creditors: amounts falling due after more than one year
 7 
(19,059)
(29,094)

  
408,128
404,715

PROVISIONS FOR LIABILITIES
  

Deferred tax
 9 
(1,877)
(2,510)

NET ASSETS
  
£406,251
£402,205


CAPITAL AND RESERVES
  

Called up share capital 
 10 
100
100

Profit and loss account
  
406,151
402,105

  
£406,251
£402,205


The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 4 October 2024.




___________________________
Mr D M Kingston
___________________________
Mr S M B Wickham
Director
Director

The notes on pages 2 to 8 form part of these financial statements.
Page 1

 
PARKER CEILINGS LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

1.


General information

Parker Ceilings Limited is a private company limited by shares incorporated in England and Wales.
The registered company number is  04707872.
The registered office address of the company is The Estate Office, Park Lane, Laughton, East Sussex, BN8 6BP.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The following principal accounting policies have been applied:

 
2.2

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Sale of goods

Revenue from the sale of goods is recognised when all of the following conditions are satisfied:
the Company has transferred the significant risks and rewards of ownership to the buyer;
the Company retains neither continuing managerial involvement to the degree usually associated with ownership nor effective control over the goods sold;
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the transaction; and
the costs incurred or to be incurred in respect of the transaction can be measured reliably.

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the contract;
the stage of completion of the contract at the end of the reporting period can be measured reliably; and
the costs incurred and the costs to complete the contract can be measured reliably.

 
2.3

Interest income

Interest income is recognised in profit or loss using the effective interest method.

Page 2

 
PARKER CEILINGS LIMITED
 

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

2.Accounting policies (continued)

 
2.4

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

 
2.5

Borrowing costs

All borrowing costs are recognised in profit or loss in the year in which they are incurred.

 
2.6

Pensions

Defined contribution pension plan

The Company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the Company pays fixed contributions into a separate entity. Once the contributions have been paid the Company has no further payment obligations.

The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the Balance Sheet. The assets of the plan are held separately from the Company in independently administered funds.

 
2.7

Current and deferred taxation

The tax expense for the year comprises current and deferred tax. Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the Company operates and generates income.

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the balance sheet date, except that:
The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and
Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.

Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

 
2.8

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Page 3

 
PARKER CEILINGS LIMITED
 

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

2.Accounting policies (continued)


2.8
Tangible fixed assets (continued)

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, on a reducing balance basis.

Depreciation is provided on the following basis:

Long-term leasehold property
-
2% straight line basis
Plant and machinery
-
25% reducing balance basis
Motor vehicles
-
25% reducing balance basis
Fixtures and fittings
-
25% reducing balance basis

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

 
2.9

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

 
2.10

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
2.11

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

 
2.12

Provisions for liabilities

Provisions are recognised when an event has taken place that gives rise to a legal or constructive obligation, a transfer of economic benefits is probable and a reliable estimate can be made.
Provisions are measured as the best estimate of the amount required to settle the obligation, taking into account the related risks and uncertainties.
 
Increases in provisions are generally charged as an expense to profit or loss.


3.


Employees

The average monthly number of employees, including directors, during the year was 19 (2023 - 21).

Page 4

 
PARKER CEILINGS LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

4.


Tangible fixed assets





Long-term leasehold property
Plant and machinery
Motor vehicles
Fixtures and fittings
Total



Cost or valuation


At 1 April 2023
9,858
3,707
89,954
19,881
123,400


Additions
-
-
-
688
688


Disposals
-
-
(12,656)
-
(12,656)



At 31 March 2024

9,858
3,707
77,298
20,569
111,432



Depreciation


At 1 April 2023
115
2,918
80,926
14,162
98,121


Charge for the year on owned assets
197
197
750
1,546
2,690


Charge for the year on financed assets
-
-
1,374
-
1,374


Disposals
-
-
(11,930)
-
(11,930)



At 31 March 2024

312
3,115
71,120
15,708
90,255



Net book value



At 31 March 2024
£9,546
£592
£6,178
£4,861
£21,177



At 31 March 2023
£9,743
£789
£9,028
£5,719
£25,279

Page 5

 
PARKER CEILINGS LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

5.


Debtors

2024
2023


Trade debtors
87,469
150,836

Other debtors
37,348
8,444

Amounts recoverable on long term contracts
464,168
312,747

£588,985
£472,027



6.


Creditors: Amounts falling due within one year

2024
2023

Bank loans
10,036
9,786

Trade creditors
174,271
149,344

Amounts owed to group undertakings
113,808
74,151

Corporation tax
90,496
110,166

Other taxation and social security
17,800
20,514

Other creditors
4,581
5,812

Accruals and deferred income
120,566
94,082

£531,558
£463,855



7.


Creditors: Amounts falling due after more than one year

2024
2023

Bank loans
£19,059
£29,094



8.


Loans


Analysis of the maturity of loans is given below:


2024
2023

Amounts falling due within one year

Bank loans
10,036
9,786

Amounts falling due 1-2 years

Bank loans
10,289
10,036

Amounts falling due 2-5 years

Bank loans
8,770
19,058


£29,095
£38,880


Page 6

 
PARKER CEILINGS LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

9.


Deferred taxation




2024
2023





At beginning of year
2,510
1,763


Charged to profit or loss
(633)
747



At end of year
£1,877
£2,510

The provision for deferred taxation is made up as follows:

2024
2023


Accelerated capital allowances
£1,877
£2,510

Page 7

 
PARKER CEILINGS LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

10.


Share capital

2024
2023
Allotted, called up and fully paid



25 (2023 - 25) 'A' ordinary shares of £1.00 each
25
25
25 (2023 - 25) 'B' ordinary shares of £1.00 each
25
25
25 (2023 - 25) 'C' ordinary shares of £1.00 each
25
25
25 (2023 - 25) 'D' ordinary shares of £1.00 each
25
25

£100

£100



11.


Pension commitments

The Company operates a defined contributions pension scheme. The assets of the scheme are held separately from those of the Company  in an independently administered fund. The pension cost charge represents contributions payable by the Company to the fund and amounted to £56,306 (2023 - £67,205). Contributions totalling £2,524 (2023 - £3,920) were payable to the fund at the balance sheet date and are included in creditors.


12.
Controlling party

At the balance sheet date, the immediate parent undertaking is Parker Ceilings (Holdings) Limited, a company incorporated in England and Wales. The registered address of Parker Ceilings (Holdings) Limited is The Estate Office, Park Lane, Laughton, East Sussex, BN8 6BP.
Parker Ceilings (Holdings) Limited is the controlling party of the company and holds the entire issued share capital of Parker Ceilings Limited. There is no single controlling party of the parent undertaking.
The company is exempt from the requirement of preparing consolidated financial statements as it is a subsidiary undertaking of a small group under section 383 of the Companies Act 2006.



13.


Commitments under operating leases

At 31 March 2024 the Company had future minimum lease payments due under non-cancellable operating leases for each of the following periods:

2024
2023


Not later than 1 year
13,103
-

Later than 1 year and not later than 5 years
43,676
-

£56,779
£-


14.


Auditors' information

The auditors' report on the financial statements for the year ended 31 March 2024 was unqualified.

The audit report was signed on 27 November 2024 by Joshua Conlon FCCA (Senior Statutory Auditor) on behalf of Magee Gammon Corporate Limited.

Page 8