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REGISTERED NUMBER: 03564629 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 May 2024

for

Parkfield Health Care Limited

Parkfield Health Care Limited (Registered number: 03564629)






Contents of the Financial Statements
for the Year Ended 31 May 2024




Page

Company Information 1

Chartered Accountants' Report 2

Balance Sheet 3

Notes to the Financial Statements 5


Parkfield Health Care Limited

Company Information
for the Year Ended 31 May 2024







DIRECTORS: C J Flynn
L E Flynn





REGISTERED OFFICE: Westfield Manor
Westfield Lane
Idle
Bradford
West Yorkshire
BD10 8PY





REGISTERED NUMBER: 03564629 (England and Wales)





ACCOUNTANTS: Baker Fox Limited
Chartered Accountants
Owl Cotes Barn
Low Lane
Cowling
Keighley
West Yorkshire
BD22 0LE

Chartered Accountants' Report to the Board of Directors
on the Unaudited Financial Statements of
Parkfield Health Care Limited

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Parkfield Health Care Limited for the year ended 31 May 2024 which comprise the Statement of Income and Retained Earnings, Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of Parkfield Health Care Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Parkfield Health Care Limited and state those matters that we have agreed to state to the Board of Directors of Parkfield Health Care Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Parkfield Health Care Limited and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Parkfield Health Care Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and loss of Parkfield Health Care Limited. You consider that Parkfield Health Care Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Parkfield Health Care Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






Baker Fox Limited
Chartered Accountants
Owl Cotes Barn
Low Lane
Cowling
Keighley
West Yorkshire
BD22 0LE


10 February 2025

Parkfield Health Care Limited (Registered number: 03564629)

Balance Sheet
31 May 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 1 1
Tangible assets 5 242,225 274,263
242,226 274,264

CURRENT ASSETS
Debtors 6 1,437,436 1,127,683
Cash at bank 442,731 261,177
1,880,167 1,388,860
CREDITORS
Amounts falling due within one year 7 491,912 278,088
NET CURRENT ASSETS 1,388,255 1,110,772
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,630,481

1,385,036

CREDITORS
Amounts falling due after more than one year 8 (419,553 ) (109,917 )

PROVISIONS FOR LIABILITIES (60,556 ) (58,566 )
NET ASSETS 1,150,372 1,216,553

CAPITAL AND RESERVES
Called up share capital 9 1,000 1,000
Retained earnings 1,149,372 1,215,553
SHAREHOLDERS' FUNDS 1,150,372 1,216,553

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 May 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 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.

Parkfield Health Care Limited (Registered number: 03564629)

Balance Sheet - continued
31 May 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 10 February 2025 and were signed on its behalf by:





C J Flynn - Director


Parkfield Health Care Limited (Registered number: 03564629)

Notes to the Financial Statements
for the Year Ended 31 May 2024

1. STATUTORY INFORMATION

Parkfield Health Care Limited 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.

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.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
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.
Plant and machinery etc - 33% on cost and 15% on reducing balance

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.

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
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

Parkfield Health Care Limited (Registered number: 03564629)

Notes to the Financial Statements - continued
for the Year Ended 31 May 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 51 (2023 - 55 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 June 2023
and 31 May 2024 10,000
AMORTISATION
At 1 June 2023
and 31 May 2024 9,999
NET BOOK VALUE
At 31 May 2024 1
At 31 May 2023 1

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 June 2023 574,759
Additions 12,376
At 31 May 2024 587,135
DEPRECIATION
At 1 June 2023 300,496
Charge for year 44,414
At 31 May 2024 344,910
NET BOOK VALUE
At 31 May 2024 242,225
At 31 May 2023 274,263

Parkfield Health Care Limited (Registered number: 03564629)

Notes to the Financial Statements - continued
for the Year Ended 31 May 2024

5. TANGIBLE FIXED ASSETS - continued

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Plant and
machinery
etc
£   
COST
At 1 June 2023
and 31 May 2024 159,145
DEPRECIATION
At 1 June 2023 47,326
Charge for year 16,772
At 31 May 2024 64,098
NET BOOK VALUE
At 31 May 2024 95,047
At 31 May 2023 111,819

6. DEBTORS
2024 2023
£    £   
Amounts falling due within one year:
Trade debtors 200,584 160,908
Other debtors 1,066,002 966,775
1,266,586 1,127,683

Amounts falling due after more than one year:
Other debtors 170,850 -

Aggregate amounts 1,437,436 1,127,683

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 23,122 -
Hire purchase contracts 27,836 28,466
Trade creditors 38,673 49,672
Taxation and social security 264,338 128,821
Other creditors 137,943 71,129
491,912 278,088

Parkfield Health Care Limited (Registered number: 03564629)

Notes to the Financial Statements - continued
for the Year Ended 31 May 2024

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans 337,448 -
Hire purchase contracts 33,807 61,619
Other creditors 48,298 48,298
419,553 109,917

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 216,039 -

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
1,000 Ordinary 1 1,000 1,000

10. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 May 2024 and 31 May 2023:

2024 2023
£    £   
C J Flynn
Balance outstanding at start of year (18,850 ) -
Amounts advanced 272,003 78,150
Amounts repaid - (97,000 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 253,153 (18,850 )

L E Flynn
Balance outstanding at start of year 11 -
Amounts advanced 253,058 89,011
Amounts repaid - (89,000 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 253,069 11