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Company Registration No. 05490360 (England and Wales)
Ak & Ad Parker Limited Unaudited accounts for the year ended 31 March 2024
Ak & Ad Parker Limited Unaudited accounts Contents
Page
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Ak & Ad Parker Limited Company Information for the year ended 31 March 2024
Director
ANDREW PARKER
Company Number
05490360 (England and Wales)
Registered Office
Pigeon House Farm Todber Sturminster Newton DT10 1JB
Accountants
Simon John Christopher Ltd 1st Floor Suite, Drapers House Market Place Sturminster Newton Dorset DT10 1AS
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Ak & Ad Parker Limited Statement of financial position as at 31 March 2024
2024 
2023 
Notes
£ 
£ 
Called up share capital not paid
(2)
(2)
Fixed assets
Intangible assets
96,967 
105,035 
Tangible assets
85,726 
101,701 
182,693 
206,736 
Current assets
Inventories
47,070 
45,813 
Debtors
509,820 
627,519 
556,890 
673,332 
Creditors: amounts falling due within one year
(459,457)
(495,234)
Net current assets
97,433 
178,098 
Total assets less current liabilities
280,124 
384,832 
Creditors: amounts falling due after more than one year
(109,702)
(215,475)
Provisions for liabilities
Deferred tax
(21,431)
(25,426)
Net assets
148,991 
143,931 
Capital and reserves
Profit and loss account
148,991 
143,931 
Shareholders' funds
148,991 
143,931 
For the year ending 31 March 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 12 February 2025 and were signed on its behalf by
ANDREW PARKER Director Company Registration No. 05490360
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Ak & Ad Parker Limited Notes to the Accounts for the year ended 31 March 2024
1
Statutory information
Ak & Ad Parker Limited is a private company, limited by shares, registered in England and Wales, registration number 05490360. The registered office is Pigeon House Farm, Todber, Sturminster Newton, DT10 1JB.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Land & buildings
Nil
Plant & machinery
15% reducing balance
Motor vehicles
20% reducing balance
Biological assets
Biological assets are recognised only when three recognition criteria have been fulfilled: · the entity has control over the asset as a result of past events; · it is probable that future economic benefits associated with the asset will flow to the entity; and · the fair value or cost of the asset can be measured reliably. The company measures biological assets at cost less accumulated depreciation and accumulated impairment losses. In respect of agricultural produce harvested from a biological asset, this is measured at the point of harvest at lower of cost and estimated selling price less costs to complete and sell. Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases: Dairy 20% straight line
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 from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. 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.
Stocks
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
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Ak & Ad Parker Limited Notes to the Accounts for the year ended 31 March 2024
Financial instruments
Basic financial instruments are recognised at amortised cost, except for investments in non-convertible preference and non-puttable ordinary shares which are measured at fair value, with changes recognised in profit or loss. Derivative financial instruments are initially recorded at cost and thereafter at fair value with changes recognised in profit or loss.
Leased assets
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against profit on a straight line basis over the lease term. Assets held under finance leases and hire purchase contracts are capitalised and depreciated over their useful lives. The corresponding lease or hire purchase obligation is treated in the balance sheet as a liability. The interest element of rental obligations is charged to the profit and loss account over the period of the lease at a constant proportion of the outstanding balance of capital repayments.
Government grants
Government grants are recognised at the fair value of the asset received or receivable when there is reasonable assurance that the grant conditions will be met and the grants will be received. A grant that specifies performance conditions is recognised in income when the performance conditions are met. Where a grant does not specify performance conditions it is recognised in income when the proceeds are received or receivable. A grant received before the recognition criteria are satisfied is recognised as a liability.
Deferred taxation
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.
4
Intangible fixed assets
Goodwill 
Other 
Total 
£ 
£ 
£ 
Cost
At 1 April 2023
20,025 
171,874 
191,899 
Additions
- 
17,838 
17,838 
Disposals
- 
(44,800)
(44,800)
At 31 March 2024
20,025 
144,912 
164,937 
Amortisation
At 1 April 2023
20,025 
66,839 
86,864 
On disposals
- 
(26,400)
(26,400)
Charge for the year
- 
7,506 
7,506 
At 31 March 2024
20,025 
47,945 
67,970 
Net book value
At 31 March 2024
- 
96,967 
96,967 
At 31 March 2023
- 
105,035 
105,035 
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Ak & Ad Parker Limited Notes to the Accounts for the year ended 31 March 2024
5
Tangible fixed assets
Land & buildings 
Plant & machinery 
Motor vehicles 
Total 
£ 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At cost 
At 1 April 2023
24,441 
99,502 
147,744 
271,687 
At 31 March 2024
24,441 
99,502 
147,744 
271,687 
Depreciation
At 1 April 2023
- 
68,764 
101,222 
169,986 
Charge for the year
- 
4,610 
11,365 
15,975 
At 31 March 2024
- 
73,374 
112,587 
185,961 
Net book value
At 31 March 2024
24,441 
26,128 
35,157 
85,726 
At 31 March 2023
24,441 
30,738 
46,522 
101,701 
6
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Trade debtors
45,428 
45,428 
Accrued income and prepayments
110,065 
133,155 
Other debtors
354,327 
448,936 
509,820 
627,519 
7
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Bank loans and overdrafts
42,761 
78,108 
Obligations under finance leases and hire purchase contracts
17,749 
17,800 
Trade creditors
147,452 
147,452 
Taxes and social security
247,282 
247,789 
Accruals
4,213 
4,085 
459,457 
495,234 
8
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Bank loans
89,736 
183,203 
Obligations under finance leases and hire purchase contracts
19,966 
32,272 
109,702 
215,475 
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Ak & Ad Parker Limited Notes to the Accounts for the year ended 31 March 2024
9
Loans to directors
Brought Forward 
Advance/ credit 
Repaid 
Carried Forward 
£ 
£ 
£ 
£ 
ANDREW PARKER
Loans to directors
416,528 
211,516 
297,442 
330,602 
416,528 
211,516 
297,442 
330,602 
During the year the company made advances to a director of £211,516 (2023: £240,598) and a director made repayments of £297,442 (2023: £204,259). At the end of the accounting period a director owed the company £330,602 (2023: £416,528). The loan has an interest rate of 2.25%, is unsecured and has no repayment terms. Dividends totalling £0 (2023 - £0) were paid in the year in respect of shares held by the company's directors.
10
Average number of employees
During the year the average number of employees was 2 (2023: 2).
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