IRIS Accounts Production v24.3.2.46 01600895 Board of Directors 1.4.23 31.3.24 31.3.24 0 0 false true false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh016008952023-03-31016008952024-03-31016008952023-04-012024-03-31016008952022-03-31016008952022-04-012023-03-31016008952023-03-3101600895ns15:EnglandWales2023-04-012024-03-3101600895ns14:PoundSterling2023-04-012024-03-3101600895ns10:Director12023-04-012024-03-3101600895ns10:PrivateLimitedCompanyLtd2023-04-012024-03-3101600895ns10:SmallEntities2023-04-012024-03-3101600895ns10:AuditExemptWithAccountantsReport2023-04-012024-03-3101600895ns10:SmallCompaniesRegimeForDirectorsReport2023-04-012024-03-3101600895ns10:SmallCompaniesRegimeForAccounts2023-04-012024-03-3101600895ns10:FullAccounts2023-04-012024-03-3101600895ns10:Director22023-04-012024-03-3101600895ns10:CompanySecretary12023-04-012024-03-3101600895ns10:RegisteredOffice2023-04-012024-03-3101600895ns5:CurrentFinancialInstruments2024-03-3101600895ns5:CurrentFinancialInstruments2023-03-3101600895ns5:ShareCapital2024-03-3101600895ns5:ShareCapital2023-03-3101600895ns5:RetainedEarningsAccumulatedLosses2024-03-3101600895ns5:RetainedEarningsAccumulatedLosses2023-03-3101600895ns5:PlantMachinery2023-03-3101600895ns5:PlantMachinery2023-04-012024-03-3101600895ns5:PlantMachinery2024-03-3101600895ns5:PlantMachinery2023-03-3101600895ns5:WithinOneYearns5:CurrentFinancialInstruments2024-03-3101600895ns5:WithinOneYearns5:CurrentFinancialInstruments2023-03-31
REGISTERED NUMBER: 01600895 (England and Wales)












PARKER BROTHERS (CONTRACTORS) LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED

31 MARCH 2024






PARKER BROTHERS (CONTRACTORS) LIMITED (REGISTERED NUMBER: 01600895)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4

Chartered Accountants' Report 7

PARKER BROTHERS (CONTRACTORS) LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2024







DIRECTORS: G G Parker
S L Parker





SECRETARY: G G Parker





REGISTERED OFFICE: 29 Glyncoed Terrace
Llanelli
Carmarthenshire
SA15 1HQ





REGISTERED NUMBER: 01600895 (England and Wales)





ACCOUNTANTS: Bevan Buckland LLP
Ground Floor Cardigan House
Castle Court
Swansea Enterprise Park
Swansea
SA7 9LA

PARKER BROTHERS (CONTRACTORS) LIMITED (REGISTERED NUMBER: 01600895)

BALANCE SHEET
31 MARCH 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 3,626 8,208

CURRENT ASSETS
Work in progress 453,654 440,154
Debtors 5 3,614 1,432
Cash at bank 4,772 29,243
462,040 470,829
CREDITORS
Amounts falling due within one year 6 105,929 96,421
NET CURRENT ASSETS 356,111 374,408
TOTAL ASSETS LESS CURRENT
LIABILITIES

359,737

382,616

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings 359,735 382,614
SHAREHOLDERS' FUNDS 359,737 382,616

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

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

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.

PARKER BROTHERS (CONTRACTORS) LIMITED (REGISTERED NUMBER: 01600895)

BALANCE SHEET - continued
31 MARCH 2024



The financial statements were approved by the Board of Directors and authorised for issue on 21 March 2025 and were signed on its behalf by:





G G Parker - Director


PARKER BROTHERS (CONTRACTORS) LIMITED (REGISTERED NUMBER: 01600895)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

1. STATUTORY INFORMATION

Parker Brothers (Contractors) 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.

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.

Going concern
The directors have agreed to continue their financial support of the company during its loss making period until the work in progress assets are completed and sold. As such the directors believe that the going concern basis remains appropriate.

Tangible fixed assets
Tangible fixed assets are stated at cost less accumulated depreciation. Cost includes the original purchase price of the asset and the costs attributable to bringing the asset to its working condition for its intended use. Depreciation is provided at rates calculated to write off the cost of fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Plant and machinery-over 7 years
Motor Vehicles-over 4 years
Fixtures and fittings-over 3 years

Impairment of assets
At each reporting date fixed assets are reviewed to determine whether there is any indication that those assets have suffered an impairment loss. If there is an indication of possible impairment, the recoverable amount of any affected asset is estimated and compared with its carrying amount. If estimated recoverable amount is lower, the carrying amount is reduced to its estimated recoverable amount, and an impairment loss is recognised immediately in profit or loss.

If an impairment loss subsequently reverses, the carry amount of the asset is increased to the revised estimate of its recoverable amount, but not in excess of the amount that would have been determined had no impairment loss been recognised for the asset in prior years. A reversal of an impairment loss is recognised immediately in profit or loss.

Work in progress
In respect of work in progress and finished goods, cost includes all direct costs of production and the
appropriate proportion of production overheads.

Financial instruments
The company only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured at their settlement value.

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.


PARKER BROTHERS (CONTRACTORS) LIMITED (REGISTERED NUMBER: 01600895)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024

2. ACCOUNTING POLICIES - continued
Taxation
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.

Debtors
Trade and other debtors are recognised at the settlement amount due after any trade discount offered. Prepayments are valued at the amount prepaid net of any trade discounts due.

Cash at bank and in hand
Cash at bank and cash in hand includes cash and short term highly liquid investments with a short maturity of three months or less from the date of acquisition or opening of the deposit or similar account.

Creditors and provisions
Creditors and provisions are recognised where the company has a present obligation (legal and constructive) resulting from a past event that will probably result in the transfer of funds to a third party and the amount due to settle the obligation can be measured or estimated reliably. Creditors and provisions are normally recognised at their settlement amount after allowing for any trade discounts due.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2023 - NIL).

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 April 2023
and 31 March 2024 72,515
DEPRECIATION
At 1 April 2023 64,307
Charge for year 4,582
At 31 March 2024 68,889
NET BOOK VALUE
At 31 March 2024 3,626
At 31 March 2023 8,208

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Other debtors 3,614 1,432

PARKER BROTHERS (CONTRACTORS) LIMITED (REGISTERED NUMBER: 01600895)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Other creditors 105,929 96,421

CHARTERED ACCOUNTANTS' REPORT TO THE BOARD OF DIRECTORS
ON THE UNAUDITED FINANCIAL STATEMENTS OF
PARKER BROTHERS (CONTRACTORS) 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 Parker Brothers (Contractors) Limited for the year ended 31 March 2024 which comprise the Income Statement, 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 Parker Brothers (Contractors) 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 Parker Brothers (Contractors) Limited and state those matters that we have agreed to state to the Board of Directors of Parker Brothers (Contractors) 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 Parker Brothers (Contractors) Limited and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Parker Brothers (Contractors) 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 Parker Brothers (Contractors) Limited. You consider that Parker Brothers (Contractors) 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 Parker Brothers (Contractors) 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.






Bevan Buckland LLP
Ground Floor Cardigan House
Castle Court
Swansea Enterprise Park
Swansea
SA7 9LA


21 March 2025