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REGISTERED NUMBER: 02847344 (England and Wales)












UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 APRIL 2024

FOR

PARKHOUSE EVANS LIMITED

PARKHOUSE EVANS LIMITED (REGISTERED NUMBER: 02847344)

CONTENTS OF THE FINANCIAL STATEMENTS
for the year ended 30 April 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


PARKHOUSE EVANS LIMITED

COMPANY INFORMATION
for the year ended 30 April 2024







DIRECTORS: E A Evans
J G Parkhouse Evans





SECRETARY: E A Evans





REGISTERED OFFICE: Unit 2
Charnwood Edge Business Park
Syston Road
Leicester
LE7 4UZ





REGISTERED NUMBER: 02847344 (England and Wales)





ACCOUNTANTS: Magma Audit LLP
Unit 2 Charnwood Edge Business Park
Syston Road, Leicester
LE7 4UZ
Magma Audit LLP is part
Of the Dains Group

PARKHOUSE EVANS LIMITED (REGISTERED NUMBER: 02847344)

BALANCE SHEET
30 April 2024

2024 2023
Notes £    £   
FIXED ASSETS
Tangible assets 4 2,593 3,887

CURRENT ASSETS
Stocks 1,500 1,500
Debtors 5 20,318 25,923
Cash at bank 20,677 23,634
42,495 51,057
CREDITORS
Amounts falling due within one year 6 (19,999 ) (20,627 )
NET CURRENT ASSETS 22,496 30,430
TOTAL ASSETS LESS CURRENT
LIABILITIES

25,089

34,317

PROVISIONS FOR LIABILITIES (450 ) (544 )
NET ASSETS 24,639 33,773

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 24,539 33,673
24,639 33,773

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.

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 21 January 2025 and were signed on its behalf by:





J G Parkhouse Evans - Director


PARKHOUSE EVANS LIMITED (REGISTERED NUMBER: 02847344)

NOTES TO THE FINANCIAL STATEMENTS
for the year ended 30 April 2024


1. STATUTORY INFORMATION

Parkhouse Evans Limited is a limited company, limited by shares, registered in England and Wales. Its registered office address is and the Unit 2 Charnwood Edge Business Park, Syston Road, Cossington, LE7 4UZ, registered number is 02847344.

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.

Going concern
At the time of approving the financial statements, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus the directors continue to adopt the going concern basis of accounting in preparing the financial statements.

Turnover
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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 33% on reducing balance

Stocks
Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is based on the cost of purchase on a first in, first out basis. Work in progress and finished goods include labour and attributable overheads.

At each balance sheet date, stocks are assessed for impairment. If stock is impaired, the carrying amount is reduced to its selling price less costs to complete and sell. The impairment loss is recognised immediately in profit or loss.

Financial instruments
(i) Financial assets

Basic financial assets, including trade and other debtors, cash and bank balances are initially recognised at transaction price, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest.

Such assets are subsequently carried at amortised cost using the effective interest rate method.

(ii) Financial liabilities

Basic financial liabilities, including trade and other creditors are initially recognised at transaction price, unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate.


PARKHOUSE EVANS LIMITED (REGISTERED NUMBER: 02847344)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 30 April 2024


2. ACCOUNTING POLICIES - continued
Taxation
The tax expense for the year comprises current and deferred tax.

Tax is recognised in profit or loss except that a change 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.

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.

Both current and deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

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 4 (2023 - 4 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
and
fittings
£   
COST
At 1 May 2023
and 30 April 2024 13,134
DEPRECIATION
At 1 May 2023 9,247
Charge for year 1,294
At 30 April 2024 10,541
NET BOOK VALUE
At 30 April 2024 2,593
At 30 April 2023 3,887

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 16,754 21,752
Social security and other tax 3,564 4,171
20,318 25,923

PARKHOUSE EVANS LIMITED (REGISTERED NUMBER: 02847344)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 30 April 2024


6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 225 -
Tax 484 2,010
VAT 7,232 7,412
Other creditors 9,182 8,035
Directors' current accounts 476 920
Accrued expenses 2,400 2,250
19,999 20,627

7. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 30 April 2024 and 30 April 2023:

2024 2023
£    £   
J G Parkhouse Evans and E A Evans
Balance outstanding at start of year (920 ) (345 )
Amounts advanced 29,002 24,425
Amounts repaid (28,558 ) (25,000 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (476 ) (920 )