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REGISTERED NUMBER: 03751499 (England and Wales)















Parker Environmental Services Ltd

Unaudited Financial Statements

for the Year Ended 30 April 2024






Parker Environmental Services Ltd (Registered number: 03751499)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Parker Environmental Services Ltd

Company Information
for the Year Ended 30 April 2024







DIRECTORS: D Parker
J Parker
C Parker





SECRETARY: C Parker





REGISTERED OFFICE: Unit 11
Polo Grounds Ind Est
New Inn
Pontypool
Gwent
NP4 0TW





REGISTERED NUMBER: 03751499 (England and Wales)





ACCOUNTANTS: Xeinadin South Wales & West Limited
Accountants & Business Advisors
11 New Street
Pontnewydd
Cwmbran
NP44 1EE

Parker Environmental Services Ltd (Registered number: 03751499)

Balance Sheet
30 April 2024

30.4.24 30.4.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 1,676,523 1,537,242

CURRENT ASSETS
Stocks 60,392 115,828
Debtors 5 1,241,986 1,213,608
Cash at bank 1,592,822 1,481,861
2,895,200 2,811,297
CREDITORS
Amounts falling due within one year 6 580,368 576,572
NET CURRENT ASSETS 2,314,832 2,234,725
TOTAL ASSETS LESS CURRENT
LIABILITIES

3,991,355

3,771,967

CREDITORS
Amounts falling due after more than one year 7 (58,859 ) (168,345 )

PROVISIONS FOR LIABILITIES (144,600 ) (140,000 )

ACCRUALS AND DEFERRED INCOME (5,400 ) (7,200 )
NET ASSETS 3,782,496 3,456,422

CAPITAL AND RESERVES
Called up share capital 100 100
Share premium 19,980 19,980
Revaluation reserve 9 52,317 52,317
Retained earnings 3,710,099 3,384,025
3,782,496 3,456,422

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.

Parker Environmental Services Ltd (Registered number: 03751499)

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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 29 January 2025 and were signed on its behalf by:





D Parker - Director


Parker Environmental Services Ltd (Registered number: 03751499)

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

1. STATUTORY INFORMATION

Parker Environmental Services Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).


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.

Turnover includes revenue earned from the sale of goods and from the rendering of services. 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 the work performed to date to the total estimated contract costs.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 15% on cost
Fixtures and fittings - 15% on cost
Motor vehicles - 20% on cost

Stocks
Stocks and work in progress are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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.

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.

Parker Environmental Services Ltd (Registered number: 03751499)

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

2. ACCOUNTING POLICIES - continued

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 32 (2023 - 30 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Freehold Plant and and Motor
property machinery fittings vehicles Totals
£    £    £    £    £   
COST
At 1 May 2023 858,832 321,489 174,803 527,131 1,882,255
Additions 20,445 57,678 28,882 333,291 440,296
Disposals - - - (179,690 ) (179,690 )
At 30 April 2024 879,277 379,167 203,685 680,732 2,142,861
DEPRECIATION
At 1 May 2023 - 179,457 62,217 103,339 345,013
Charge for year - 36,965 26,330 109,034 172,329
Eliminated on disposal - - - (51,004 ) (51,004 )
At 30 April 2024 - 216,422 88,547 161,369 466,338
NET BOOK VALUE
At 30 April 2024 879,277 162,745 115,138 519,363 1,676,523
At 30 April 2023 858,832 142,032 112,586 423,792 1,537,242

The net book value of the assets under hire purchase agreements at the year end was £88,099 (2023: £243,603) with depreciation charged of £23,208 (2023:£19,434).

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.4.24 30.4.23
£    £   
Trade debtors 583,516 667,715
Other debtors 658,470 545,893
1,241,986 1,213,608

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.4.24 30.4.23
£    £   
Bank loans and overdrafts 10,000 10,000
Hire purchase contracts 5,240 9,846
Trade creditors 358,756 281,497
Taxation and social security 163,789 248,085
Other creditors 42,583 27,144
580,368 576,572

Parker Environmental Services Ltd (Registered number: 03751499)

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

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
30.4.24 30.4.23
£    £   
Bank loans 12,467 22,467
Hire purchase contracts 46,392 145,878
58,859 168,345

8. SECURED DEBTS

The following secured debts are included within creditors:

30.4.24 30.4.23
£    £   
Hire purchase contracts 51,632 155,724

The hire purchase agreements are secured on the asset to which they relate.

9. RESERVES
Revaluation
reserve
£   
At 1 May 2023
and 30 April 2024 52,317

10. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

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

30.4.24 30.4.23
£    £   
D Parker and C Parker
Balance outstanding at start of year 371,436 264,686
Amounts advanced 50,000 148,750
Amounts repaid - (42,000 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 421,436 371,436