Company registration number 11677594 (England and Wales)
PARKER RYAN TRAINING LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2024
PAGES FOR FILING WITH REGISTRAR
PARKER RYAN TRAINING LIMITED
CONTENTS
Page
Balance sheet
1 - 2
Notes to the financial statements
3 - 5
PARKER RYAN TRAINING LIMITED
BALANCE SHEET
AS AT
30 NOVEMBER 2024
30 November 2024
- 1 -
2024
2023
Notes
£
£
£
£
Fixed assets
Tangible assets
3
71,577
85,702
Current assets
Stocks
5,700
2,684
Debtors
4
74,680
65,291
Cash at bank and in hand
39,102
83,228
119,482
151,203
Creditors: amounts falling due within one year
5
(96,002)
(91,230)
Net current assets
23,480
59,973
Total assets less current liabilities
95,057
145,675
Creditors: amounts falling due after more than one year
6
(42,553)
(74,647)
Provisions for liabilities
(17,894)
(16,283)
Net assets
34,610
54,745
Capital and reserves
Called up share capital
4
4
Profit and loss reserves
34,606
54,741
Total equity
34,610
54,745

The directors of the company have elected not to include a copy of the profit and loss account within the financial statements.true

For the financial year ended 30 November 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

PARKER RYAN TRAINING LIMITED
BALANCE SHEET (CONTINUED)
AS AT
30 NOVEMBER 2024
30 November 2024
- 2 -
The financial statements were approved by the board of directors and authorised for issue on 2 April 2025 and are signed on its behalf by:
Darren Parker
Director
Company Registration No. 11677594
PARKER RYAN TRAINING LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2024
- 3 -
1
Accounting policies
Company information

Parker Ryan Training Limited is a private company limited by shares incorporated in England and Wales. The registered office is Dudley Court South, The Waterfront, Level Street, Brierley Hill, West Midlands, England, DY5 1XN.

1.1
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. 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 financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention, [modified to include the revaluation of freehold properties and to include investment properties and certain financial instruments at fair value]. The principal accounting policies adopted are set out below.

1.2
Turnover

Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.

1.3
Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Plant and equipment
25% reducing balance
Fixtures and fittings
25% reducing balance
Computers
25% reducing balance
Motor vehicles
25% reducing balance

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

1.4
Stocks

Stock is valued at the lower of cost and estimated selling price less costs to sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacture/completion.

1.5
Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

PARKER RYAN TRAINING LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 NOVEMBER 2024
1
Accounting policies
(Continued)
- 4 -
1.6
Financial instruments

The following assets and liabilities are classified as financial instruments – trade debtors, trade creditors, bank loans and directors’ loans.

Directors’ loans (being repayable on demand), trade debtors and trade creditors are measured at the undiscounted amount of cash or other consideration expected to be paid or received.

1.7
Taxation

The tax expense represents the sum of the tax currently payable and deferred tax.

2
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

2024
2023
Number
Number
Total
3
3
3
Tangible fixed assets
Plant and machinery etc
£
Cost
At 1 December 2023
144,462
Additions
9,735
At 30 November 2024
154,197
Depreciation and impairment
At 1 December 2023
58,760
Depreciation charged in the year
23,860
At 30 November 2024
82,620
Carrying amount
At 30 November 2024
71,577
At 30 November 2023
85,702
PARKER RYAN TRAINING LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 NOVEMBER 2024
- 5 -
4
Debtors
2024
2023
Amounts falling due within one year:
£
£
Trade debtors
74,212
60,058
Other debtors
468
5,233
74,680
65,291
5
Creditors: amounts falling due within one year
2024
2023
£
£
Bank loans
15,485
14,838
Trade creditors
338
6,971
Corporation tax
28,312
2,175
Other taxation and social security
32,293
40,965
Other creditors
19,574
26,281
96,002
91,230
6
Creditors: amounts falling due after more than one year
2024
2023
£
£
Bank loans and overdrafts
20,829
34,772
Trade creditors
885
2,635
Other creditors
20,839
37,240
42,553
74,647
7
Related party transactions

During the year the company traded with Parker Ryan Logistics Limited. Darren Parker and Colin Ryan are both shareholders and Directors of Parker Ryan Logistics Limited.

 

During the year total sales of £2,619 were made to Parker Ryan Logistics Limited.

2024-11-302023-12-01false02 April 2025CCH SoftwareCCH Accounts Production 2022.200No description of principal activityDarren ParkerColin Ryan116775942023-12-012024-11-30116775942024-11-30116775942023-11-3011677594core:OtherPropertyPlantEquipment2024-11-3011677594core:OtherPropertyPlantEquipment2023-11-3011677594core:CurrentFinancialInstrumentscore:WithinOneYear2024-11-3011677594core:CurrentFinancialInstrumentscore:WithinOneYear2023-11-3011677594core:Non-currentFinancialInstrumentscore:AfterOneYear2024-11-3011677594core:Non-currentFinancialInstrumentscore:AfterOneYear2023-11-3011677594core:CurrentFinancialInstruments2024-11-3011677594core:CurrentFinancialInstruments2023-11-3011677594core:Non-currentFinancialInstruments2024-11-3011677594core:Non-currentFinancialInstruments2023-11-3011677594core:ShareCapital2024-11-3011677594core:ShareCapital2023-11-3011677594core:RetainedEarningsAccumulatedLosses2024-11-3011677594core:RetainedEarningsAccumulatedLosses2023-11-3011677594bus:Director12023-12-012024-11-3011677594core:PlantMachinery2023-12-012024-11-3011677594core:FurnitureFittings2023-12-012024-11-3011677594core:ComputerEquipment2023-12-012024-11-3011677594core:MotorVehicles2023-12-012024-11-30116775942022-12-012023-11-3011677594core:OtherPropertyPlantEquipment2023-11-3011677594core:OtherPropertyPlantEquipment2023-12-012024-11-3011677594core:WithinOneYear2024-11-3011677594core:WithinOneYear2023-11-3011677594bus:PrivateLimitedCompanyLtd2023-12-012024-11-3011677594bus:SmallCompaniesRegimeForAccounts2023-12-012024-11-3011677594bus:FRS1022023-12-012024-11-3011677594bus:AuditExemptWithAccountantsReport2023-12-012024-11-3011677594bus:Director22023-12-012024-11-3011677594bus:FullAccounts2023-12-012024-11-30xbrli:purexbrli:sharesiso4217:GBP