Parry Catering Group Ltd 10438595 false 2023-03-01 2024-02-29 2024-02-29 The principal activity of the company is Other Business Support Service Activities Digita Accounts Production Advanced 6.30.9574.0 true false true true true true true true true true 10438595 2023-03-01 2024-02-29 10438595 2024-02-29 10438595 bus:OrdinaryShareClass1 2024-02-29 10438595 core:CurrentFinancialInstruments 2024-02-29 10438595 core:CurrentFinancialInstruments core:WithinOneYear 2024-02-29 10438595 core:Non-currentFinancialInstruments core:AfterOneYear 2024-02-29 10438595 core:FurnitureFittingsToolsEquipment 2024-02-29 10438595 core:LandBuildings 2024-02-29 10438595 bus:SmallEntities 2023-03-01 2024-02-29 10438595 bus:AuditExemptWithAccountantsReport 2023-03-01 2024-02-29 10438595 bus:FilletedAccounts 2023-03-01 2024-02-29 10438595 bus:SmallCompaniesRegimeForAccounts 2023-03-01 2024-02-29 10438595 bus:RegisteredOffice 2023-03-01 2024-02-29 10438595 bus:Director1 2023-03-01 2024-02-29 10438595 bus:Director2 2023-03-01 2024-02-29 10438595 bus:OrdinaryShareClass1 2023-03-01 2024-02-29 10438595 bus:PrivateLimitedCompanyLtd 2023-03-01 2024-02-29 10438595 core:FurnitureFittings 2023-03-01 2024-02-29 10438595 core:FurnitureFittingsToolsEquipment 2023-03-01 2024-02-29 10438595 core:LandBuildings 2023-03-01 2024-02-29 10438595 core:OfficeEquipment 2023-03-01 2024-02-29 10438595 core:PlantMachinery 2023-03-01 2024-02-29 10438595 core:Subsidiary1 2023-03-01 2024-02-29 10438595 core:Subsidiary1 1 2023-03-01 2024-02-29 10438595 core:Subsidiary1 countries:England 2023-03-01 2024-02-29 10438595 core:Subsidiary2 2023-03-01 2024-02-29 10438595 core:Subsidiary2 1 2023-03-01 2024-02-29 10438595 core:Subsidiary2 countries:England 2023-03-01 2024-02-29 10438595 core:Subsidiary3 2023-03-01 2024-02-29 10438595 core:Subsidiary3 1 2023-03-01 2024-02-29 10438595 core:Subsidiary3 countries:England 2023-03-01 2024-02-29 10438595 core:Subsidiary4 2023-03-01 2024-02-29 10438595 core:Subsidiary4 1 2023-03-01 2024-02-29 10438595 core:Subsidiary4 countries:England 2023-03-01 2024-02-29 10438595 core:Subsidiary5 2023-03-01 2024-02-29 10438595 core:Subsidiary5 1 2023-03-01 2024-02-29 10438595 core:Subsidiary5 countries:England 2023-03-01 2024-02-29 10438595 core:Subsidiary6 2023-03-01 2024-02-29 10438595 core:Subsidiary6 1 2023-03-01 2024-02-29 10438595 core:Subsidiary6 countries:England 2023-03-01 2024-02-29 10438595 core:Subsidiary7 2023-03-01 2024-02-29 10438595 core:Subsidiary7 1 2023-03-01 2024-02-29 10438595 core:Subsidiary7 countries:England 2023-03-01 2024-02-29 10438595 1 2023-03-01 2024-02-29 10438595 countries:England 2023-03-01 2024-02-29 10438595 2023-02-28 10438595 core:FurnitureFittingsToolsEquipment 2023-02-28 10438595 core:LandBuildings 2023-02-28 10438595 2022-03-01 2023-02-28 10438595 2023-02-28 10438595 bus:OrdinaryShareClass1 2023-02-28 10438595 core:CurrentFinancialInstruments 2023-02-28 10438595 core:CurrentFinancialInstruments core:WithinOneYear 2023-02-28 10438595 core:Non-currentFinancialInstruments core:AfterOneYear 2023-02-28 10438595 core:FurnitureFittingsToolsEquipment 2023-02-28 10438595 core:LandBuildings 2023-02-28 10438595 core:Subsidiary1 1 2022-03-01 2023-02-28 10438595 core:Subsidiary2 1 2022-03-01 2023-02-28 10438595 core:Subsidiary3 1 2022-03-01 2023-02-28 10438595 core:Subsidiary4 1 2022-03-01 2023-02-28 10438595 core:Subsidiary5 1 2022-03-01 2023-02-28 10438595 core:Subsidiary6 1 2022-03-01 2023-02-28 10438595 core:Subsidiary7 1 2022-03-01 2023-02-28 iso4217:GBP xbrli:pure xbrli:shares

Registration number: 10438595

Parry Catering Group Ltd

Unaudited Filleted Abridged Financial Statements

for the Year Ended 29 February 2024

 

Parry Catering Group Ltd

Contents

Company Information

1

Abridged Balance Sheet

2

Notes to the Unaudited Abridged Financial Statements

3 to 7

 

Parry Catering Group Ltd

Company Information

Directors

Mr MW Banton

Mrs B Banton

Registered office

The New Factory Town End Road
Draycott
Derbyshire
DE72 3PT

Accountants

DJM Accountants BLJ Limited
26 High Street
Rickmansworth
WD3 1ER

 

Parry Catering Group Ltd

(Registration number: 10438595)
Abridged Balance Sheet as at 29 February 2024

Note

2024
£

2023
£

Fixed assets

 

Tangible assets

4

1,086,813

1,169,934

Current assets

 

Debtors

404,906

276,430

Investments

6

400,005

400,005

Cash at bank and in hand

 

549,009

540,482

 

1,353,920

1,216,917

Creditors: Amounts falling due within one year

(319,308)

(237,275)

Net current assets

 

1,034,612

979,642

Total assets less current liabilities

 

2,121,425

2,149,576

Creditors: Amounts falling due after more than one year

(380,333)

(461,833)

Net assets

 

1,741,092

1,687,743

Capital and reserves

 

Called up share capital

7

50,000

50,000

Revaluation reserve

550,000

550,000

Retained earnings

1,141,092

1,087,743

Shareholders' funds

 

1,741,092

1,687,743

For the financial year ending 29 February 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

All of the company’s members have consented to the preparation of an Abridged Balance Sheet in accordance with Section 444(2A) of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 26 November 2024 and signed on its behalf by:
 

Mr MW Banton
Director

   
     
 

Parry Catering Group Ltd

Notes to the Unaudited Abridged Financial Statements for the Year Ended 29 February 2024

1

General information

The company is a private company limited by share capital, incorporated in England.

The address of its registered office is:
The New Factory Town End Road
Draycott
Derbyshire
DE72 3PT

These financial statements were authorised for issue by the Board on 26 November 2024.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These abridged financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These abridged financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Going concern

The financial statements have been prepared on a going concern basis.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tax

The tax expense for the period comprises current tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

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

 

Parry Catering Group Ltd

Notes to the Unaudited Abridged Financial Statements for the Year Ended 29 February 2024

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Land and building

in accordance with the property

Plant and machinery

5% straight line method

Fixtures and fittings

25% straight line method

Equipment

25% straight line method

Investments

Investments in equity shares which are publicly traded or where the fair value can be measured reliably are initially measured at fair value, with changes in fair value recognised in profit or loss. Investments in equity shares which are not publicly traded and where fair value cannot be measured reliably are measured at cost less impairment.


Interest income on debt securities, where applicable, is recognised in income using the effective interest method. Dividends on equity securities are recognised in income when receivable.

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

 

Parry Catering Group Ltd

Notes to the Unaudited Abridged Financial Statements for the Year Ended 29 February 2024

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 2 (2023 - 2).

4

Tangible assets

Land and buildings
£

Furniture, fittings and equipment
 £

Total
£

Cost or valuation

At 1 March 2023

1,342,418

265,000

1,607,418

At 29 February 2024

1,342,418

265,000

1,607,418

Depreciation

At 1 March 2023

268,484

169,000

437,484

Charge for the year

67,121

16,000

83,121

At 29 February 2024

335,605

185,000

520,605

Carrying amount

At 29 February 2024

1,006,813

80,000

1,086,813

At 28 February 2023

1,073,934

96,000

1,169,934

Included within the net book value of land and buildings above is £1,006,813 (2023 - £1,073,934) in respect of freehold land and buildings.
 

 

Parry Catering Group Ltd

Notes to the Unaudited Abridged Financial Statements for the Year Ended 29 February 2024

5

Investments

Details of undertakings

Details of the investments (including principal place of business of unincorporated entities) in which the company holds 20% or more of the nominal value of any class of share capital are as follows:

Undertaking

Registered office

Holding

Proportion of voting rights and shares held

2024

2023

Subsidiary undertakings

Parry Catering Equipment (Midlands) Ltd

The New Factory, Town End Road, Draycott, Derby, DE72 3PT

England

Ordinary shares

100%

100%

Parry Clinical Equipment Limited

The New Factory, Town End Road, Draycott, Derby, DE72 3PT

England

Ordinary

100%

100%

Parry Medical Equipment Limited

The New Factory, Town End Road, Draycott, Derby, DE72 3PT

England

Ordinary

100%

100%

Parry Educational Equipment Limited

The New Factory, Town End Road, Draycott, Derby, DE72 3PT

England

Ordinary

100%

100%

Parry Stainless Equipment Limited

The New Factory, Town End Road, Draycott, Derby, DE72 3PT

England

Ordinary

100%

100%

Parry Healthcare Equipment Limited

The New Factory, Town End Road, Draycott, Derby, DE72 3PT

England

Ordinary

100%

100%

Flexi-Serve Limited

The New Factory, Town End Road, Draycott, Derby, DE72 3PT

England

Ordinary

100%

100%

 

Parry Catering Group Ltd

Notes to the Unaudited Abridged Financial Statements for the Year Ended 29 February 2024

Subsidiary undertakings

Parry Catering Equipment (Midlands) Ltd

The principal activity of Parry Catering Equipment (Midlands) Ltd is Manufacture of catering equipment.

Parry Clinical Equipment Limited

The principal activity of Parry Clinical Equipment Limited is Manufacture of clinical equipment.

Parry Medical Equipment Limited

The principal activity of Parry Medical Equipment Limited is Manufacture of medical equipment.

Parry Educational Equipment Limited

The principal activity of Parry Educational Equipment Limited is Manufacture of educational equipment.

Parry Stainless Equipment Limited

The principal activity of Parry Stainless Equipment Limited is Manufacture of stainless equipment.

Parry Healthcare Equipment Limited

The principal activity of Parry Healthcare Equipment Limited is Manufacture of healthcare equipment.

Flexi-Serve Limited

The principal activity of Flexi-Serve Limited is Dormant.

6

Current asset investments

2024
£

2023
£

Shares in group undertakings

400,005

400,005

7

Share capital

Allotted, called up and fully paid shares

2024

2023

No.

£

No.

£

Share capital of £1 each

50,000

50,000

50,000

50,000

       

8

Parent and ultimate parent undertaking

The ultimate controlling party is M W Banton, a director of the company.