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REGISTERED NUMBER: 01231127 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 December 2024

for

Colin Parker (Masonry) Limited

Colin Parker (Masonry) Limited (Registered number: 01231127)

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










Page

Balance Sheet 1

Notes to the Financial Statements 3


Colin Parker (Masonry) Limited (Registered number: 01231127)

Balance Sheet
31 December 2024

31.12.24 31.12.23
Notes £ £
Fixed assets
Tangible assets 4 574,967 602,810

Current assets
Stocks 349,436 360,436
Debtors 5 122,908 119,789
Cash at bank and in hand 13,827 25,312
486,171 505,537
Creditors
Amounts falling due within one year 6 (370,594 ) (285,668 )
Net current assets 115,577 219,869
Total assets less current liabilities 690,544 822,679

Creditors
Amounts falling due after more than one
year

7

(4,311

)

(17,175

)
Net assets 686,233 805,504

Capital and reserves
Called up share capital 138 138
Revaluation reserve 8 223,121 227,528
Capital redemption reserve 862 862
Retained earnings 462,112 576,976
686,233 805,504

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

Colin Parker (Masonry) Limited (Registered number: 01231127)

Balance Sheet - continued
31 December 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 director and authorised for issue on 26 April 2025 and were signed by:





Mr C D Parker - Director


Colin Parker (Masonry) Limited (Registered number: 01231127)

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


1. Statement of compliance

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.

2. Accounting policies

Basis of preparing the financial statements
The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

Critical accounting judgements and key sources of estimation uncertainty
The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.

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 the cost less estimated residual value of each asset over its estimated useful life.
Freehold property - 2% on cost
Plant and machinery - 15% p.a. reducing balance
Fixtures and fittings - 15% p.a. reducing balance
Motor vehicles - 25% p.a. reducing balance
Computer equipment - 15% p.a. 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. Net realisable value is calculated at the lower of cost or selling price less cost to complete.

Colin Parker (Masonry) Limited (Registered number: 01231127)

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


2. Accounting policies - continued

Financial instruments
A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument.

Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.

Debt instruments are subsequently measured at amortised cost.

Financial assets that are measured at cost or amortised cost are reviewed for objective evidence of impairment at the end of each reporting date. If there is objective evidence of impairment, an impairment loss is recognised in profit or loss immediately.

For all equity instruments regardless of significance, and other financial assets that are individually significant, these are assessed individually for impairment. Other financial assets are either assessed individually or grouped on the basis of similar credit risk characteristics.

Any reversals of impairment are recognised in profit or loss immediately, to the extent that the reversal does not result in a carrying amount of the financial asset that exceeds what the carrying amount would have been had the impairment not previously been recognised. Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the entity after deducting all of its financial liabilities.

Where the contractual obligations of financial instruments (including share capital) are equivalent to a similar debt instrument, those financial instruments are classed as financial liabilities. Financial liabilities are presented as such in the balance sheet. Finance costs and gains or losses relating to financial liabilities are included in the profit and loss account. Finance costs are calculated so as to produce a constant rate of return on the outstanding liability.

Where the contractual terms of share capital do not have any terms meeting the definition of a financial liability then this is classed as an equity instrument. Dividends and distributions relating to equity instruments are debited direct to equity.

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.


Colin Parker (Masonry) Limited (Registered number: 01231127)

Notes to the Financial Statements - continued
for the Year Ended 31 December 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 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 held under hire purchase contracts are recognised in the balance sheet as assets and liabilities at the lower of the fair value of the assets and the present value of the minimum lease payments, which is determined at the inception of the lease term. Any initial direct costs of the lease are added to the amount recognised as an asset.

Lease payments are apportioned between the finance charges and reduction of the outstanding lease liability using the effective interest method. Finance charges are allocated to each period so as to produce a constant rate of interest on the remaining balance of the liability.

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 17 (2023 - 18 ) .

4. Tangible fixed assets
Fixtures
Freehold Plant and and
property machinery fittings
£ £ £
Cost or valuation
At 1 January 2024
and 31 December 2024 843,244 589,014 65,144
Depreciation
At 1 January 2024 304,507 557,265 62,617
Charge for year 15,397 4,767 382
At 31 December 2024 319,904 562,032 62,999
Net book value
At 31 December 2024 523,340 26,982 2,145
At 31 December 2023 538,737 31,749 2,527

Colin Parker (Masonry) Limited (Registered number: 01231127)

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


4. Tangible fixed assets - continued

Motor Computer
vehicles equipment Totals
£ £ £
Cost or valuation
At 1 January 2024
and 31 December 2024 143,344 21,394 1,662,140
Depreciation
At 1 January 2024 115,098 19,843 1,059,330
Charge for year 7,062 235 27,843
At 31 December 2024 122,160 20,078 1,087,173
Net book value
At 31 December 2024 21,184 1,316 574,967
At 31 December 2023 28,246 1,551 602,810

Freehold property includes land and buildings held at deemed cost. Deemed cost was ascertained by Januarys, an independent firm of valuers, in accordance with the RICS Valuation Standards (6th Edition) in October 2008 and amounted to £800,000.

5. Debtors: amounts falling due within one year
31.12.24 31.12.23
£ £
Trade debtors 97,272 95,934
Other debtors 25,636 23,855
122,908 119,789

6. Creditors: amounts falling due within one year
31.12.24 31.12.23
£ £
Bank loans and overdrafts 79,149 72,760
Hire purchase contracts 3,004 3,004
Trade creditors 131,768 128,296
Taxation and social security 20,807 22,692
Other creditors 135,866 58,916
370,594 285,668

Liabilities disclosed under creditors falling due within one year totalling £82,111 (2021 : £98,031) are secured by the company. The security is a debenture on all assets and a charge on the specific assets being financed.

Colin Parker (Masonry) Limited (Registered number: 01231127)

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


7. Creditors: amounts falling due after more than one year
31.12.24 31.12.23
£ £
Bank loans 3,059 12,919
Hire purchase contracts 1,252 4,256
4,311 17,175

Liabilities disclosed under creditors falling due after more than one year totalling £14,307 (2021 : £20,227) are secured to the company. The security is a charge on the specific assets being financed.

8. Reserves
Revaluation
reserve
£
At 1 January 2024 227,528
Reclassification from
revaluation reserve (4,407 )

At 31 December 2024 223,121

Profit and loss account - This reserve records distributable retained earnings and accumulated losses.