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REGISTERED NUMBER: 08970270 (England and Wales)















Unaudited Financial Statements for the Year Ended 30 April 2024

for

G Parry Electrical Services Ltd

G Parry Electrical Services Ltd (Registered number: 08970270)






Contents of the Financial Statements
for the Year Ended 30 April 2024




Page

Balance Sheet 1

Notes to the Financial Statements 3


G Parry Electrical Services Ltd (Registered number: 08970270)

Balance Sheet
30 April 2024

30.4.24 30.4.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 124,613 134,978
Investment property 5 86,555 73,718
211,168 208,696

CURRENT ASSETS
Stocks 1,500 1,800
Debtors 6 228,906 292,909
Cash at bank 64,639 66,738
295,045 361,447
CREDITORS
Amounts falling due within one year 7 141,606 172,740
NET CURRENT ASSETS 153,439 188,707
TOTAL ASSETS LESS CURRENT
LIABILITIES

364,607

397,403

CREDITORS
Amounts falling due after more than one
year

8

(11,594

)

(21,567

)

PROVISIONS FOR LIABILITIES 9 (20,286 ) (28,726 )
NET ASSETS 332,727 347,110

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 332,627 347,010
SHAREHOLDERS' FUNDS 332,727 347,110

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.

G Parry Electrical Services Ltd (Registered number: 08970270)

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 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 2 December 2024 and were signed on its behalf by:





Mr G Parry - Director


G Parry Electrical Services Ltd (Registered number: 08970270)

Notes to the Financial Statements
for the Year Ended 30 April 2024

1. STATUTORY INFORMATION

G Parry Electrical Services Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number: 08970270

Registered office: Cefn Y Waen Isaf
Waunfawr
Caernarfon
Gwynedd
LL55 4LQ

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.
Land and buildings - Straight line over 10 years
Plant and machinery etc - 25% on reducing balance

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

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.


G Parry Electrical Services Ltd (Registered number: 08970270)

Notes to the Financial Statements - continued
for the Year Ended 30 April 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 7 (2023 - 6 ) .

4. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 May 2023 22,304 196,087 218,391
Additions - 36,456 36,456
Disposals - (16,000 ) (16,000 )
At 30 April 2024 22,304 216,543 238,847
DEPRECIATION
At 1 May 2023 2,230 81,183 83,413
Charge for year 2,231 35,590 37,821
Eliminated on disposal - (7,000 ) (7,000 )
At 30 April 2024 4,461 109,773 114,234
NET BOOK VALUE
At 30 April 2024 17,843 106,770 124,613
At 30 April 2023 20,074 114,904 134,978

G Parry Electrical Services Ltd (Registered number: 08970270)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2024

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 May 2023 73,718
Additions 12,837
At 30 April 2024 86,555
NET BOOK VALUE
At 30 April 2024 86,555
At 30 April 2023 73,718

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.4.24 30.4.23
£    £   
Trade debtors 15,946 188
Other debtors 212,960 292,721
228,906 292,909

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.4.24 30.4.23
£    £   
Bank loans and overdrafts 15,676 11,624
Trade creditors 25,121 27,373
Taxation and social security 37,962 78,302
Other creditors 62,847 55,441
141,606 172,740

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
30.4.24 30.4.23
£    £   
Bank loans 11,594 21,567

9. PROVISIONS FOR LIABILITIES
30.4.24 30.4.23
£    £   
Deferred tax 20,286 28,726

Deferred
tax
£   
Balance at 1 May 2023 28,726
Credit to Statement of Income and Retained Earnings during year (8,440 )
Balance at 30 April 2024 20,286