Registered number
10979841
PR Parker Plant Limited
Unaudited Filleted Accounts
31 August 2024
PR Parker Plant Limited
Registered number: 10979841
Balance Sheet
as at 31 August 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 122,830 118,284
Current assets
Stocks 22,500 25,000
Debtors 4 22,113 14,036
Cash at bank and in hand 26,175 17,361
70,788 56,397
Creditors: amounts falling due within one year 5 (49,865) (43,740)
Net current assets 20,923 12,657
Total assets less current liabilities 143,753 130,941
Creditors: amounts falling due after more than one year 6 (22,054) (54,684)
Net assets 121,699 76,257
Capital and reserves
Called up share capital 100 100
Profit and loss account 121,599 76,157
Shareholders' funds 121,699 76,257
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
PR Parker
Director
Approved by the board on 12 May 2025
PR Parker Plant Limited
Notes to the Accounts
for the year ended 31 August 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Plant and machinery 15% reducing balance
Vehicles 20% reducing balance
No depreciation is charged in the year of acquisition.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 3 3
3 Tangible fixed assets
Plant and machinery etc Motor vehicles Total
£ £ £
Cost
At 1 September 2023 92,013 45,367 137,380
Additions 20,333 18,585 38,918
Disposals (7,125) (8,950) (16,075)
At 31 August 2024 105,221 55,002 160,223
Depreciation
At 1 September 2023 8,768 10,328 19,096
Charge for the year 12,487 7,007 19,494
On disposals - (1,197) (1,197)
At 31 August 2024 21,255 16,138 37,393
Net book value
At 31 August 2024 83,966 38,864 122,830
At 31 August 2023 83,245 35,039 118,284
4 Debtors 2024 2023
£ £
Trade debtors 22,113 14,036
5 Creditors: amounts falling due within one year 2024 2023
£ £
Bank loans and overdrafts 3,000 3,000
Trade creditors 7,518 -
Taxation and social security costs 11,836 5,072
Other creditors 27,511 35,668
49,865 43,740
6 Creditors: amounts falling due after one year 2024 2023
£ £
Bank loans 2,931 5,916
Other creditors 19,123 48,768
22,054 54,684
7 Controlling party
The ultimate controlling party is PR Parker, director who was also a shareholder throughout the period.
8 Other information
PR Parker Plant Limited is a private company limited by shares and incorporated in England. Its registered office is:
33 Newton Road
Preston
PR2 1DY
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