2023-05-012024-04-302024-04-30false02309411Parkin Fabrics Limited2025-01-0246410falseiso4217:GBPxbrli:pure023094112023-05-01023094112024-04-30023094112023-05-012024-04-30023094112022-05-01023094112023-04-30023094112022-05-012023-04-3002309411bus:SmallEntities2023-05-012024-04-3002309411bus:AuditExempt-NoAccountantsReport2023-05-012024-04-3002309411bus:AbridgedAccounts2023-05-012024-04-3002309411bus:PrivateLimitedCompanyLtd2023-05-012024-04-3002309411core:WithinOneYear2024-04-3002309411core:AfterOneYear2024-04-3002309411core:WithinOneYear2023-04-3002309411core:AfterOneYear2023-04-3002309411core:ShareCapital2024-04-3002309411core:SharePremium2024-04-3002309411core:RevaluationReserve2024-04-3002309411core:OtherReservesSubtotal2024-04-3002309411core:RetainedEarningsAccumulatedLosses2024-04-3002309411core:ShareCapital2023-04-3002309411core:SharePremium2023-04-3002309411core:RevaluationReserve2023-04-3002309411core:OtherReservesSubtotal2023-04-3002309411core:RetainedEarningsAccumulatedLosses2023-04-3002309411core:LandBuildings2024-04-3002309411core:PlantMachinery2024-04-3002309411core:Vehicles2024-04-3002309411core:FurnitureFittings2024-04-3002309411core:OfficeEquipment2024-04-3002309411core:NetGoodwill2024-04-3002309411core:IntangibleAssetsOtherThanGoodwill2024-04-3002309411core:ListedExchangeTraded2024-04-3002309411core:UnlistedNon-exchangeTraded2024-04-3002309411core:LandBuildings2023-04-3002309411core:PlantMachinery2023-04-3002309411core:Vehicles2023-04-3002309411core:FurnitureFittings2023-04-3002309411core:OfficeEquipment2023-04-3002309411core:NetGoodwill2023-04-3002309411core:IntangibleAssetsOtherThanGoodwill2023-04-3002309411core:ListedExchangeTraded2023-04-3002309411core:UnlistedNon-exchangeTraded2023-04-3002309411core:LandBuildings2023-05-012024-04-3002309411core:PlantMachinery2023-05-012024-04-3002309411core:Vehicles2023-05-012024-04-3002309411core:FurnitureFittings2023-05-012024-04-3002309411core:OfficeEquipment2023-05-012024-04-3002309411core:NetGoodwill2023-05-012024-04-3002309411core:IntangibleAssetsOtherThanGoodwill2023-05-012024-04-3002309411core:ListedExchangeTraded2023-05-012024-04-3002309411core:UnlistedNon-exchangeTraded2023-05-012024-04-3002309411core:MoreThanFiveYears2023-05-012024-04-3002309411core:Non-currentFinancialInstruments2024-04-3002309411core:Non-currentFinancialInstruments2023-04-3002309411dpl:CostSales2023-05-012024-04-3002309411dpl:DistributionCosts2023-05-012024-04-3002309411core:LandBuildings2023-05-012024-04-3002309411core:PlantMachinery2023-05-012024-04-3002309411core:Vehicles2023-05-012024-04-3002309411core:FurnitureFittings2023-05-012024-04-3002309411core:OfficeEquipment2023-05-012024-04-3002309411dpl:AdministrativeExpenses2023-05-012024-04-3002309411core:NetGoodwill2023-05-012024-04-3002309411core:IntangibleAssetsOtherThanGoodwill2023-05-012024-04-3002309411dpl:GroupUndertakings2023-05-012024-04-3002309411dpl:ParticipatingInterests2023-05-012024-04-3002309411dpl:GroupUndertakingscore:ListedExchangeTraded2023-05-012024-04-3002309411core:ListedExchangeTraded2023-05-012024-04-3002309411dpl:GroupUndertakingscore:UnlistedNon-exchangeTraded2023-05-012024-04-3002309411core:UnlistedNon-exchangeTraded2023-05-012024-04-3002309411dpl:CostSales2022-05-012023-04-3002309411dpl:DistributionCosts2022-05-012023-04-3002309411core:LandBuildings2022-05-012023-04-3002309411core:PlantMachinery2022-05-012023-04-3002309411core:Vehicles2022-05-012023-04-3002309411core:FurnitureFittings2022-05-012023-04-3002309411core:OfficeEquipment2022-05-012023-04-3002309411dpl:AdministrativeExpenses2022-05-012023-04-3002309411core:NetGoodwill2022-05-012023-04-3002309411core:IntangibleAssetsOtherThanGoodwill2022-05-012023-04-3002309411dpl:GroupUndertakings2022-05-012023-04-3002309411dpl:ParticipatingInterests2022-05-012023-04-3002309411dpl:GroupUndertakingscore:ListedExchangeTraded2022-05-012023-04-3002309411core:ListedExchangeTraded2022-05-012023-04-3002309411dpl:GroupUndertakingscore:UnlistedNon-exchangeTraded2022-05-012023-04-3002309411core:UnlistedNon-exchangeTraded2022-05-012023-04-3002309411core:NetGoodwill2024-04-3002309411core:IntangibleAssetsOtherThanGoodwill2024-04-3002309411core:LandBuildings2024-04-3002309411core:PlantMachinery2024-04-3002309411core:Vehicles2024-04-3002309411core:FurnitureFittings2024-04-3002309411core:OfficeEquipment2024-04-3002309411core:AfterOneYear2024-04-3002309411core:WithinOneYear2024-04-3002309411core:ListedExchangeTraded2024-04-3002309411core:UnlistedNon-exchangeTraded2024-04-3002309411core:ShareCapital2024-04-3002309411core:SharePremium2024-04-3002309411core:RevaluationReserve2024-04-3002309411core:OtherReservesSubtotal2024-04-3002309411core:RetainedEarningsAccumulatedLosses2024-04-3002309411core:NetGoodwill2023-04-3002309411core:IntangibleAssetsOtherThanGoodwill2023-04-3002309411core:LandBuildings2023-04-3002309411core:PlantMachinery2023-04-3002309411core:Vehicles2023-04-3002309411core:FurnitureFittings2023-04-3002309411core:OfficeEquipment2023-04-3002309411core:AfterOneYear2023-04-3002309411core:WithinOneYear2023-04-3002309411core:ListedExchangeTraded2023-04-3002309411core:UnlistedNon-exchangeTraded2023-04-3002309411core:ShareCapital2023-04-3002309411core:SharePremium2023-04-3002309411core:RevaluationReserve2023-04-3002309411core:OtherReservesSubtotal2023-04-3002309411core:RetainedEarningsAccumulatedLosses2023-04-3002309411core:NetGoodwill2022-05-0102309411core:IntangibleAssetsOtherThanGoodwill2022-05-0102309411core:LandBuildings2022-05-0102309411core:PlantMachinery2022-05-0102309411core:Vehicles2022-05-0102309411core:FurnitureFittings2022-05-0102309411core:OfficeEquipment2022-05-0102309411core:AfterOneYear2022-05-0102309411core:WithinOneYear2022-05-0102309411core:ListedExchangeTraded2022-05-0102309411core:UnlistedNon-exchangeTraded2022-05-0102309411core:ShareCapital2022-05-0102309411core:SharePremium2022-05-0102309411core:RevaluationReserve2022-05-0102309411core:OtherReservesSubtotal2022-05-0102309411core:RetainedEarningsAccumulatedLosses2022-05-0102309411core:AfterOneYear2023-05-012024-04-3002309411core:WithinOneYear2023-05-012024-04-3002309411core:Non-currentFinancialInstrumentscore:CostValuation2023-05-012024-04-3002309411core:Non-currentFinancialInstrumentscore:AdditionsToInvestments2023-05-012024-04-3002309411core:Non-currentFinancialInstrumentscore:RevaluationsIncreaseDecreaseInInvestments2023-05-012024-04-3002309411core:Non-currentFinancialInstrumentscore:DisposalsDecreaseInInvestments2023-05-012024-04-3002309411core:Non-currentFinancialInstrumentscore:ProvidedReleasedInPeriodProvisionsForImpairmentInvestments2023-05-012024-04-3002309411core:Non-currentFinancialInstrumentscore:ImpairmentLossReversalProvisionsForImpairmentInvestments2023-05-012024-04-3002309411core:Non-currentFinancialInstrumentscore:AcquisitionsIncreaseInProvisionsForImpairmentInvestments2023-05-012024-04-3002309411core:Non-currentFinancialInstrumentscore:DisposalsDecreaseInProvisionsForImpairmentInvestments2023-05-012024-04-3002309411core:Non-currentFinancialInstrumentscore:OtherIncreaseDecreaseInProvisionsForImpairmentInvestments2023-05-012024-04-3002309411core:Non-currentFinancialInstrumentscore:CostValuation2024-04-3002309411core:Non-currentFinancialInstrumentscore:AdditionsToInvestments2024-04-3002309411core:Non-currentFinancialInstrumentscore:RevaluationsIncreaseDecreaseInInvestments2024-04-3002309411core:Non-currentFinancialInstrumentscore:DisposalsDecreaseInInvestments2024-04-3002309411core:Non-currentFinancialInstrumentscore:ProvidedReleasedInPeriodProvisionsForImpairmentInvestments2024-04-3002309411core:Non-currentFinancialInstrumentscore:ImpairmentLossReversalProvisionsForImpairmentInvestments2024-04-3002309411core:Non-currentFinancialInstrumentscore:AcquisitionsIncreaseInProvisionsForImpairmentInvestments2024-04-3002309411core:Non-currentFinancialInstrumentscore:DisposalsDecreaseInProvisionsForImpairmentInvestments2024-04-3002309411core:Non-currentFinancialInstrumentscore:OtherIncreaseDecreaseInProvisionsForImpairmentInvestments2024-04-3002309411core:Non-currentFinancialInstrumentscore:CostValuation2023-04-3002309411core:Non-currentFinancialInstrumentscore:AdditionsToInvestments2023-04-3002309411core:Non-currentFinancialInstrumentscore:RevaluationsIncreaseDecreaseInInvestments2023-04-3002309411core:Non-currentFinancialInstrumentscore:DisposalsDecreaseInInvestments2023-04-3002309411core:Non-currentFinancialInstrumentscore:ProvidedReleasedInPeriodProvisionsForImpairmentInvestments2023-04-3002309411core:Non-currentFinancialInstrumentscore:ImpairmentLossReversalProvisionsForImpairmentInvestments2023-04-3002309411core:Non-currentFinancialInstrumentscore:AcquisitionsIncreaseInProvisionsForImpairmentInvestments2023-04-3002309411core:Non-currentFinancialInstrumentscore:DisposalsDecreaseInProvisionsForImpairmentInvestments2023-04-3002309411core:Non-currentFinancialInstrumentscore:OtherIncreaseDecreaseInProvisionsForImpairmentInvestments2023-04-3002309411bus:Director12023-05-012024-04-30

Parkin Fabrics Limited

Registered Number
02309411
(England and Wales)

Unaudited Financial Statements for the Year ended
30 April 2024

Parkin Fabrics Limited
Company Information
for the year from 1 May 2023 to 30 April 2024

Director

Nicholas David Parkin

Registered Address

Unit 10 Platt & Hill Industrial Park
Fitton Hill Road
Oldham
OL8 2ES

Registered Number

02309411 (England and Wales)
Parkin Fabrics Limited
Balance Sheet as at
30 April 2024

Notes

2024

2023

£

£

£

£

Fixed assets
Tangible assets325,57022,198
25,57022,198
Current assets
Stocks107,540194,556
Debtors53,48157,015
Cash at bank and on hand27,33954,754
188,360306,325
Creditors amounts falling due within one year(84,464)(111,970)
Net current assets (liabilities)103,896194,355
Total assets less current liabilities129,466216,553
Creditors amounts falling due after one year(17,333)(35,124)
Provisions for liabilities(5,002)(5,002)
Net assets107,131176,427
Capital and reserves
Called up share capital100100
Profit and loss account107,031176,327
Shareholders' funds107,131176,427
The financial statements were approved and authorised for issue by the Director on 2 January 2025, and are signed on its behalf by:
Nicholas David Parkin
Director
Registered Company No. 02309411
Parkin Fabrics Limited
Notes to the Financial Statements
for the year ended 30 April 2024

1.Accounting policies
Statutory information
The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.
Statement of compliance
The financial statements have been prepared in compliance with FRS 102 Section 1A as it applies to the financial statements for the period and there were no material departures from the reporting standard.
Revenue from sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Employee 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.
Foreign currency translation
Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.
Deferred tax
Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Tangible fixed assets and depreciation
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Stocks and work in progress
Inventories are valued at the lower of cost and estimated selling price (less any associated costs to enable such sales to complete).
2.Average number of employees

20242023
Average number of employees during the year34
3.Tangible fixed assets

Total

£
Cost or valuation
At 01 May 2393,377
Additions4,734
At 30 April 2498,111
Depreciation and impairment
At 01 May 2371,179
Charge for year1,362
At 30 April 2472,541
Net book value
At 30 April 2425,570
At 30 April 2322,198