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REGISTERED NUMBER: 09052119 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 28TH FEBRUARY 2025

FOR

PARKER & SON TRANSPORT LTD

PARKER & SON TRANSPORT LTD (REGISTERED NUMBER: 09052119)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


PARKER & SON TRANSPORT LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 28TH FEBRUARY 2025







DIRECTOR: G Parker





REGISTERED OFFICE: Venture Court
2 Debdale Road
Wellingborough
Northamptonshire
NN8 5AA





REGISTERED NUMBER: 09052119 (England and Wales)





ACCOUNTANTS: ISIS Business Solutions (Northants) LLP
Venture Court
2 Debdale Road
Wellingborough
Northamptonshire
NN8 5AA

PARKER & SON TRANSPORT LTD (REGISTERED NUMBER: 09052119)

BALANCE SHEET
28TH FEBRUARY 2025

2025 2024
Notes £    £    £   
FIXED ASSETS
Tangible assets 4 165,038 184,751

CURRENT ASSETS
Debtors 5 228,671 114,604
Cash at bank and in hand 116,939 179,144
345,610 293,748
CREDITORS
Amounts falling due within one year 6 203,639 189,769
NET CURRENT ASSETS 141,971 103,979
TOTAL ASSETS LESS CURRENT LIABILITIES 307,009 288,730

CREDITORS
Amounts falling due after more than one year 7 34,858 57,757
NET ASSETS 272,151 230,973

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings 272,149 230,971
SHAREHOLDERS' FUNDS 272,151 230,973

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

The members have not required the company to obtain an audit of its financial statements for the year ended 28th February 2025 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.

PARKER & SON TRANSPORT LTD (REGISTERED NUMBER: 09052119)

BALANCE SHEET - continued
28TH FEBRUARY 2025


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 16th April 2025 and were signed by:





G Parker - Director


PARKER & SON TRANSPORT LTD (REGISTERED NUMBER: 09052119)

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

1. STATUTORY INFORMATION

Parker & Son Transport Ltd 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 or, if held under a finance lease, over the lease term, whichever is the shorter.

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.

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 obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

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 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.

PARKER & SON TRANSPORT LTD (REGISTERED NUMBER: 09052119)

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

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 11 (2024 - 10 ) .

4. TANGIBLE FIXED ASSETS
Improvements Fixtures
to Plant and and
property machinery fittings
£    £    £   
COST
At 1st March 2024 3,204 9,551 11,274
Additions - - 812
Disposals - (6,168 ) -
At 28th February 2025 3,204 3,383 12,086
DEPRECIATION
At 1st March 2024 3,204 3,897 10,041
Charge for year - - 370
Eliminated on disposal - (514 ) -
At 28th February 2025 3,204 3,383 10,411
NET BOOK VALUE
At 28th February 2025 - - 1,675
At 29th February 2024 - 5,654 1,233

Motor Computer
vehicles equipment Totals
£    £    £   
COST
At 1st March 2024 290,746 14,174 328,949
Additions 43,996 3,921 48,729
Disposals - - (6,168 )
At 28th February 2025 334,742 18,095 371,510
DEPRECIATION
At 1st March 2024 117,296 9,760 144,198
Charge for year 60,984 1,434 62,788
Eliminated on disposal - - (514 )
At 28th February 2025 178,280 11,194 206,472
NET BOOK VALUE
At 28th February 2025 156,462 6,901 165,038
At 29th February 2024 173,450 4,414 184,751

The net book value of tangible fixed assets includes £ 142,421 (2024 - £ 156,531 ) in respect of assets held under hire purchase contracts.

PARKER & SON TRANSPORT LTD (REGISTERED NUMBER: 09052119)

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

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2025 2024
£    £   
Trade debtors 126,093 91,236
Amounts owed by group undertakings 80,283 -
Other debtors 22,295 23,368
228,671 114,604

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2025 2024
£    £   
Hire purchase contracts 32,367 33,753
Trade creditors 6,889 5,536
Amounts owed to group undertakings 72,888 92,937
Taxation and social security 74,986 50,146
Other creditors 16,509 7,397
203,639 189,769

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2025 2024
£    £   
Hire purchase contracts 34,858 57,757

8. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

Included within other creditors is an amount owing by the company to the director of £8,623 (2024: £12,508 debtor). This Loan has no repayment terms.

9. RELATED PARTY DISCLOSURES

Included within hire of machinery is an amount of £30,000 (2023: £30,250) paid to Parker Equipment Hire Limited, a connected company.

At the balance sheet date, the company was owed money from Parker Equipment Hire Limited, a connected company, of £80,283 (2024: £19,365 creditor) and to Parker Transport Holdings Limited, the parent company, of £72,888 (2024: £73,572).