IRIS Accounts Production v25.1.0.734 04588421 director 1.1.24 31.12.24 31.12.24 28.4.25 false true false false true false Auditors Opinion Ordinary 1.00000 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh045884212023-12-31045884212024-12-31045884212024-01-012024-12-31045884212022-12-31045884212023-01-012023-12-31045884212023-12-3104588421ns15:EnglandWales2024-01-012024-12-3104588421ns14:PoundSterling2024-01-012024-12-3104588421ns10:Director12024-01-012024-12-3104588421ns10:PrivateLimitedCompanyLtd2024-01-012024-12-3104588421ns10:SmallEntities2024-01-012024-12-3104588421ns10:Audited2024-01-012024-12-3104588421ns10:SmallCompaniesRegimeForDirectorsReport2024-01-012024-12-3104588421ns10:SmallCompaniesRegimeForAccounts2024-01-012024-12-3104588421ns10:FullAccounts2024-01-012024-12-3104588421ns10:OrdinaryShareClass12024-01-012024-12-3104588421ns10:CompanySecretary12024-01-012024-12-3104588421ns10:RegisteredOffice2024-01-012024-12-3104588421ns5:CurrentFinancialInstruments2024-12-3104588421ns5:CurrentFinancialInstruments2023-12-3104588421ns5:ShareCapital2024-12-3104588421ns5:ShareCapital2023-12-3104588421ns5:RetainedEarningsAccumulatedLosses2024-12-3104588421ns5:RetainedEarningsAccumulatedLosses2023-12-3104588421ns5:LandBuildingsns5:ShortLeaseholdAssets2024-01-012024-12-3104588421ns5:PlantMachinery2024-01-012024-12-3104588421ns5:MotorVehicles2024-01-012024-12-3104588421ns5:ComputerEquipment2024-01-012024-12-3104588421ns5:LandBuildingsns5:ShortLeaseholdAssets2023-12-3104588421ns5:PlantMachinery2023-12-3104588421ns5:MotorVehicles2023-12-3104588421ns5:ComputerEquipment2023-12-3104588421ns5:LandBuildingsns5:ShortLeaseholdAssets2024-12-3104588421ns5:PlantMachinery2024-12-3104588421ns5:MotorVehicles2024-12-3104588421ns5:ComputerEquipment2024-12-3104588421ns5:LandBuildingsns5:ShortLeaseholdAssets2023-12-3104588421ns5:PlantMachinery2023-12-3104588421ns5:MotorVehicles2023-12-3104588421ns5:ComputerEquipment2023-12-3104588421ns5:WithinOneYearns5:CurrentFinancialInstruments2024-12-3104588421ns5:WithinOneYearns5:CurrentFinancialInstruments2023-12-3104588421ns5:Non-currentFinancialInstruments2024-12-3104588421ns5:Non-currentFinancialInstruments2023-12-3104588421ns5:WithinOneYear2024-12-3104588421ns5:WithinOneYear2023-12-3104588421ns5:BetweenOneFiveYears2024-12-3104588421ns5:BetweenOneFiveYears2023-12-3104588421ns5:AllPeriods2024-12-3104588421ns5:AllPeriods2023-12-3104588421ns10:OrdinaryShareClass12024-12-31
REGISTERED NUMBER: 04588421 (England and Wales)















Financial Statements for the Year Ended 31 December 2024

for

Park Hose & Gaskets Limited

Park Hose & Gaskets Limited (Registered number: 04588421)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Park Hose & Gaskets Limited

Company Information
for the Year Ended 31 December 2024







DIRECTOR: M J Carpenter





SECRETARY: N Clowes





REGISTERED OFFICE: 11 Cranford Court
Hardwick Grange
Woolston
Warrington
Cheshire
WA1 4RX





REGISTERED NUMBER: 04588421 (England and Wales)





AUDITORS: Lucas Reis Ltd
Chartered Accountants
Lansdowne House
85 Buxton Road
Stockport
Cheshire
SK2 6LR

Park Hose & Gaskets Limited (Registered number: 04588421)

Balance Sheet
31 December 2024

31.12.24 31.12.23
Notes £    £    £   
FIXED ASSETS
Tangible assets 4 24,575 29,373

CURRENT ASSETS
Stocks 141,306 161,630
Debtors 5 1,057,364 295,518
Investments 6 - 353,212
Cash at bank 280,298 413,061
1,478,968 1,223,421
CREDITORS
Amounts falling due within one year 7 380,883 370,531
NET CURRENT ASSETS 1,098,085 852,890
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,122,660

882,263

PROVISIONS FOR LIABILITIES 5,034 4,456
NET ASSETS 1,117,626 877,807

CAPITAL AND RESERVES
Called up share capital 9 100 100
Retained earnings 1,117,526 877,707
SHAREHOLDERS' FUNDS 1,117,626 877,807

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 director and authorised for issue on 28 April 2025 and were signed by:





M J Carpenter - Director


Park Hose & Gaskets Limited (Registered number: 04588421)

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

1. STATUTORY INFORMATION

Park Hose & Gaskets 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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Short leasehold - 25% on cost
Plant and machinery - 15% on reducing balance
Motor vehicles - 20% on reducing balance
Office equipment - 15% 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 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.

Park Hose & Gaskets Limited (Registered number: 04588421)

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

2. ACCOUNTING POLICIES - continued

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 6 (2023 - 6 ) .

4. TANGIBLE FIXED ASSETS
Short Plant and Motor Office
leasehold machinery vehicles equipment Totals
£    £    £    £    £   
COST
At 1 January 2024 5,919 26,886 18,267 25,185 76,257
Additions - 1,095 - - 1,095
At 31 December 2024 5,919 27,981 18,267 25,185 77,352
DEPRECIATION
At 1 January 2024 - 23,986 3,653 19,245 46,884
Charge for year 1,480 599 2,923 891 5,893
At 31 December 2024 1,480 24,585 6,576 20,136 52,777
NET BOOK VALUE
At 31 December 2024 4,439 3,396 11,691 5,049 24,575
At 31 December 2023 5,919 2,900 14,614 5,940 29,373

5. DEBTORS
31.12.24 31.12.23
£    £   
Amounts falling due within one year:
Trade debtors 283,536 277,877
Amounts owed by group undertakings 750,000 -
Prepayments and accrued income 7,828 1,641
1,041,364 279,518

Park Hose & Gaskets Limited (Registered number: 04588421)

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

5. DEBTORS - continued
31.12.24 31.12.23
£    £   
Amounts falling due after more than one year:
Other debtors - rent deposit 16,000 16,000

Aggregate amounts 1,057,364 295,518

6. CURRENT ASSET INVESTMENTS
31.12.24 31.12.23
£    £   
Other current asset investment - 353,212

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.24 31.12.23
£    £   
Trade creditors 209,092 221,111
Tax 106,566 104,543
Social security and other taxes 9,667 3,198
VAT 45,851 37,068
Other creditors 757 1,880
Accruals and deferred income 8,950 2,731
380,883 370,531

8. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
31.12.24 31.12.23
£    £   
Within one year 21,297 3,966
Between one and five years 70,000 -
91,297 3,966

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.12.24 31.12.23
value: £    £   
100 Ordinary £1 100 100

Park Hose & Gaskets Limited (Registered number: 04588421)

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

10. DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Sarah Reis (Senior Statutory Auditor)
for and on behalf of Lucas Reis Ltd

11. ULTIMATE CONTROLLING PARTY

The controlling party is the parent company.

The parent company is Hydroscand Group AB, incorporated in Sweden.
The financial statements of the parent company are available upon request from Box 401, SE-128 06 Skondal, Sweden.