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REGISTERED NUMBER: 04690065 (England and Wales)










RAY PARRY PLAYGROUND SERVICES LIMITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 28 FEBRUARY 2025






RAY PARRY PLAYGROUND SERVICES LIMITED (REGISTERED NUMBER: 04690065)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 FEBRUARY 2025




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


RAY PARRY PLAYGROUND SERVICES LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 28 FEBRUARY 2025







DIRECTORS: R C Parry
Mrs D M Parry
T Parry





SECRETARY: R C Parry





REGISTERED OFFICE: The Follies
1 Eastwood Road
Shrewsbury
Shropshire
SY3 8YJ





REGISTERED NUMBER: 04690065 (England and Wales)





ACCOUNTANTS: Harvey Telford & Bates Chartered Accountants
10 Park Plaza
Battlefield Enterprise Park
Shrewsbury
Shropshire
SY1 3AF

RAY PARRY PLAYGROUND SERVICES LIMITED (REGISTERED NUMBER: 04690065)

BALANCE SHEET
28 FEBRUARY 2025

2025 2024
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 3 - -
Tangible assets 4 75,668 95,623
75,668 95,623

CURRENT ASSETS
Stocks 2,590 21,483
Debtors 5 112,673 88,598
Cash at bank 177,977 201,819
293,240 311,900
CREDITORS
Amounts falling due within one year 6 97,943 125,487
NET CURRENT ASSETS 195,297 186,413
TOTAL ASSETS LESS CURRENT
LIABILITIES

270,965

282,036

CREDITORS
Amounts falling due after more than
one year

7

(11,338

)

(20,904

)

PROVISIONS FOR LIABILITIES (17,499 ) (17,753 )
NET ASSETS 242,128 243,379

RAY PARRY PLAYGROUND SERVICES LIMITED (REGISTERED NUMBER: 04690065)

BALANCE SHEET - continued
28 FEBRUARY 2025

2025 2024
Notes £    £    £    £   
CAPITAL AND RESERVES
Called up share capital 125 125
Retained earnings 242,003 243,254
SHAREHOLDERS' FUNDS 242,128 243,379

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 February 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 28 February 2025 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 18 March 2025 and were signed on its behalf by:





R C Parry - Director


RAY PARRY PLAYGROUND SERVICES LIMITED (REGISTERED NUMBER: 04690065)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 FEBRUARY 2025

1. 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.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2003, is being amortised evenly over its estimated useful life of ten years.

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.
Plant and machinery etc - 25% on reducing balance

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

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.


RAY PARRY PLAYGROUND SERVICES LIMITED (REGISTERED NUMBER: 04690065)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 28 FEBRUARY 2025

1. ACCOUNTING POLICIES - continued
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.

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.

2. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2024 - 3 ) .

3. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 March 2024
and 28 February 2025 195,000
AMORTISATION
At 1 March 2024
and 28 February 2025 195,000
NET BOOK VALUE
At 28 February 2025 -
At 29 February 2024 -

RAY PARRY PLAYGROUND SERVICES LIMITED (REGISTERED NUMBER: 04690065)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 28 FEBRUARY 2025

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor
machinery fittings vehicles Totals
£    £    £    £   
COST
At 1 March 2024 36,193 15,593 91,498 143,284
Additions - 5,380 - 5,380
Disposals - (624 ) - (624 )
At 28 February 2025 36,193 20,349 91,498 148,040
DEPRECIATION
At 1 March 2024 15,314 9,472 22,875 47,661
Charge for year 5,220 2,848 17,156 25,224
Eliminated on disposal - (513 ) - (513 )
At 28 February 2025 20,534 11,807 40,031 72,372
NET BOOK VALUE
At 28 February 2025 15,659 8,542 51,467 75,668
At 29 February 2024 20,879 6,121 68,623 95,623

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2025 2024
£    £   
Trade debtors 105,429 80,722
Other debtors 1,882 2,789
Prepayments 5,362 5,087
112,673 88,598

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2025 2024
£    £   
Hire purchase contracts 9,893 9,226
Trade creditors 35,315 65,001
Tax 32,739 10,019
Social security and other taxes 13,436 6,955
Credit card 5,132 1,343
Accruals and deferred income 1,428 32,943
97,943 125,487

RAY PARRY PLAYGROUND SERVICES LIMITED (REGISTERED NUMBER: 04690065)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 28 FEBRUARY 2025

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2025 2024
£    £   
Hire purchase contracts 10,610 20,502
Director's loan acc 728 402
11,338 20,904

8. SECURED DEBTS

The following secured debts are included within creditors:

2025 2024
£    £   
Hire purchase contracts 20,503 29,728