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REGISTERED NUMBER: 03263858 (England and Wales)


















UNAUDITED FINANCIAL STATEMENTS

FOR THE PERIOD 1 APRIL 2023 TO 29 MARCH 2024

FOR

PARKINSON BAILIFF SERVICES LIMITED

PARKINSON BAILIFF SERVICES LIMITED (REGISTERED NUMBER: 03263858)






CONTENTS OF THE FINANCIAL STATEMENTS
for the Period 1 April 2023 to 29 March 2024




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


PARKINSON BAILIFF SERVICES LIMITED

COMPANY INFORMATION
for the Period 1 April 2023 to 29 March 2024







DIRECTOR: Mrs P Brookman





SECRETARY: Mrs P Brookman





REGISTERED OFFICE: The Lodge to Shaw Hill
177 Preston Road
Whittle-le-Woods
Chorley
Lancashire
PR6 7PR





REGISTERED NUMBER: 03263858 (England and Wales)





ACCOUNTANTS: Fairhurst Accountants Ltd
Chartered Accountants
Douglas Bank House
Wigan Lane
Wigan
Lancashire
WN1 2TB

PARKINSON BAILIFF SERVICES LIMITED (REGISTERED NUMBER: 03263858)

STATEMENT OF FINANCIAL POSITION
29 March 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 293,267 237,269

CURRENT ASSETS
Debtors 5 1,585,228 1,707,519
Cash at bank and in hand 373,804 535,172
1,959,032 2,242,691
CREDITORS
Amounts falling due within one year 6 649,472 801,661
NET CURRENT ASSETS 1,309,560 1,441,030
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,602,827

1,678,299

CREDITORS
Amounts falling due after more than one
year

7

(30,029

)

(356,307

)

PROVISIONS FOR LIABILITIES (18,898 ) -
NET ASSETS 1,553,900 1,321,992

CAPITAL AND RESERVES
Called up share capital 60 60
Retained earnings 1,553,840 1,321,932
SHAREHOLDERS' FUNDS 1,553,900 1,321,992

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 29 March 2024.

The members have not required the company to obtain an audit of its financial statements for the period ended 29 March 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her 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.

PARKINSON BAILIFF SERVICES LIMITED (REGISTERED NUMBER: 03263858)

STATEMENT OF FINANCIAL POSITION - continued
29 March 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 director and authorised for issue on 26 March 2025 and were signed by:





Mrs P Brookman - Director


PARKINSON BAILIFF SERVICES LIMITED (REGISTERED NUMBER: 03263858)

NOTES TO THE FINANCIAL STATEMENTS
for the Period 1 April 2023 to 29 March 2024

1. STATUTORY INFORMATION

Parkinson Bailiff Services 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.

The disclosure requirements of section 1a of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The Principal accounting policies adopted in the preparation of the financial statements are set out below.

Turnover
Turnover represents the fair value of services provided and is measured at the fair value of the consideration receivable excluding value added tax.

Turnover is recognised at the point that the service has been performed.

Tangible fixed assets
Tangible fixed assets are stated at cost less accumulated depreciation and impairment losses.

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Land and buildings - 2% on cost
Plant and machinery etc - 25% on reducing balance, 10% and 15% on reducing balance and 33.3% on cost.

Financial instruments
The company has elected to apply the provisions of FRS 102 Section 11 'Basic Financial Instruments' to all of its financial instruments.

The following assets and liabilities are classified as financial instruments; bank accounts, trade debtors, trade creditors, accruals, Director's loan accounts and hire purchase agreements.

Financial instruments that are payable or receivable within one year, typically bank accounts, trade creditors, accruals, Director's loan accounts, hire purchase agreements and trade debtors, are measured initially and subsequently at the undiscounted amount of the cash or other consideration that is expected to be paid or received.

Financial instruments repayable in more than one year such as hire purchase agreements are initially measured at present value of the future payments and subsequently at amortised cost using the effective interest method unless the effect of discounting would be immaterial.

Taxation
Taxation for the period 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 statement of financial position date.


PARKINSON BAILIFF SERVICES LIMITED (REGISTERED NUMBER: 03263858)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Period 1 April 2023 to 29 March 2024

2. ACCOUNTING POLICIES - continued
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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 period 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.

Research and development
Expenditure on research and development is written off in the year in which it is incurred.


Hire purchase and leasing commitments
Assets obtained under hire purchase contracts are capitalised in the balance sheet and are depreciated over their useful economic lives.

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.

Rentals paid under operating leases are charged to profit or loss as incurred.

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.

Compensation for business interruption
The company has recognised income from a business interruption insurance policy. Income is recognised at the point there becomes an unconditional contractual right to receive compensation; this is usually when the claim amount has been agreed by the insurer. The compensation is measured by the insurer based on the amount and timing of expected cashflows during the period of interruption included in the agreed claim; discounted at a rate that reflects the credit risk of the insurer.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the period was 16 (2023 - 16 ) .

PARKINSON BAILIFF SERVICES LIMITED (REGISTERED NUMBER: 03263858)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Period 1 April 2023 to 29 March 2024

4. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 April 2023 60,835 341,034 401,869
Additions - 120,647 120,647
Disposals - (31,407 ) (31,407 )
At 29 March 2024 60,835 430,274 491,109
DEPRECIATION
At 1 April 2023 23,119 141,481 164,600
Charge for period 1,216 53,495 54,711
Eliminated on disposal - (21,469 ) (21,469 )
At 29 March 2024 24,335 173,507 197,842
NET BOOK VALUE
At 29 March 2024 36,500 256,767 293,267
At 31 March 2023 37,716 199,553 237,269

The net book value of tangible fixed assets includes £ 73,759 (2023 - £ 92,511 ) in respect of assets held under hire purchase contracts.

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 295,462 272,328
Other debtors 1,289,766 1,435,191
1,585,228 1,707,519

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 56,077 167,440
Hire purchase contracts 20,723 20,723
Trade creditors 31,569 31,668
Taxation and social security 474,258 544,751
Other creditors 66,845 37,079
649,472 801,661

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans 18,519 324,074
Hire purchase contracts 11,510 32,233
30,029 356,307

PARKINSON BAILIFF SERVICES LIMITED (REGISTERED NUMBER: 03263858)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Period 1 April 2023 to 29 March 2024

8. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Bank loans 74,596 491,514
Hire purchase contracts 32,233 52,956
106,829 544,470

9. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the period ended 29 March 2024 and the year ended 31 March 2023:

2024 2023
£    £   
Mrs P Brookman
Balance outstanding at start of period 541,090 543,960
Amounts advanced 220,375 463,630
Amounts repaid - (466,500 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of period 761,465 541,090

Interest has been charged on the above at the rate of 2% per annum.

10. RELATED PARTY DISCLOSURES

M R Blagbrough
Shareholder with significant influence

During the year dividends of £100,000 (2023: £100,000) were paid to M R Blagbrough.

Included in debtors is £48,044 (2022: £148,044) due from M R Blagbrough.

There are no fixed repayment terms and interest has been charged at 2% per annum.