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REGISTERED NUMBER: 07207458 (England and Wales)
























Unaudited Financial Statements

for the Year Ended 31 August 2024

for

C H Parker (Kings Norton) Limited

C H Parker (Kings Norton) Limited (Registered number: 07207458)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


C H Parker (Kings Norton) Limited

Company Information
for the Year Ended 31 August 2024







DIRECTORS: P Duffy
A Duffy



SECRETARY: Mrs J L Duffy



REGISTERED OFFICE: 58 The Parkway
Shelfield
Walsall
West Midlands
WS4 1XB



REGISTERED NUMBER: 07207458 (England and Wales)



ACCOUNTANTS: James, Stanley & Co. Limited
1,733 Coventry Road
South Yardley
Birmingham
West Midlands
B26 1DT



BANKERS: Santander UK plc
Santander
Bootle
Merseyside
L30 4GB

C H Parker (Kings Norton) Limited (Registered number: 07207458)

Balance Sheet
31 August 2024

31.8.24 31.8.23
Notes £    £    £   
FIXED ASSETS
Intangible assets 5 - -
Property, plant and equipment 6 7,303 9,054
7,303 9,054

CURRENT ASSETS
Inventories 7 804 851
Debtors 8 56,724 121,408
Cash at bank and in hand 4,043 5,170
61,571 127,429
CREDITORS
Amounts falling due within one
year

9

66,595

134,566
NET CURRENT LIABILITIES (5,024 ) (7,137 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

2,279

1,917

PROVISIONS FOR LIABILITIES 1,826 1,721
NET ASSETS 453 196

CAPITAL AND RESERVES
Called up share capital 11 100 100
Retained earnings 353 96
SHAREHOLDERS' FUNDS 453 196

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

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

The directors acknowledge their 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.

C H Parker (Kings Norton) Limited (Registered number: 07207458)

Balance Sheet - continued
31 August 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 27 May 2025 and were signed on its behalf by:





P Duffy - Director


C H Parker (Kings Norton) Limited (Registered number: 07207458)

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

1. STATUTORY INFORMATION

C H Parker (Kings Norton) 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.

The presentation currency of the financial statements is the Pound Sterling (£).


2. 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. There have been no material departures from this standard.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements have been prepared under the historical cost convention.

At 31 August 2024, the company had net current liabilities of £5,024, however the directors believe that the company will be able to meet its liabilities as they fall due and therefore feel it appropriate to draw up these financial statements on the going concern basis. The financial statements do not include any adjustments that would arise should the company be unable to continue trading.

Related party exemption
The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

Turnover
Turnover represents net invoiced sales of goods and services provided, excluding value added tax.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of this business in 2017, was amortised evenly over its deemed useful life of five years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 25% on reducing balance
Fixtures and fittings - 25% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 33% on cost

Stocks
Inventories are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.


C H Parker (Kings Norton) Limited (Registered number: 07207458)

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

3. ACCOUNTING POLICIES - continued
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.

Operating leases
Rentals paid under operating leases are charged to the profit and loss account as incurred.

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.

Loans from directors
As a small entity the company measures a basic financial liability that are loans from directors at transaction price.

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2023 - 2 ) .

5. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 September 2023
and 31 August 2024 29,000
AMORTISATION
At 1 September 2023
and 31 August 2024 29,000
NET BOOK VALUE
At 31 August 2024 -
At 31 August 2023 -

C H Parker (Kings Norton) Limited (Registered number: 07207458)

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

6. PROPERTY, PLANT AND EQUIPMENT
Fixtures
Plant and and Motor Computer
machinery fittings vehicles equipment Totals
£    £    £    £    £   
COST
At 1 September 2023 6,509 3,992 9,928 3,151 23,580
Additions 800 178 - - 978
At 31 August 2024 7,309 4,170 9,928 3,151 24,558
DEPRECIATION
At 1 September 2023 3,479 2,782 5,740 2,525 14,526
Charge for year 957 347 1,047 378 2,729
At 31 August 2024 4,436 3,129 6,787 2,903 17,255
NET BOOK VALUE
At 31 August 2024 2,873 1,041 3,141 248 7,303
At 31 August 2023 3,030 1,210 4,188 626 9,054

7. INVENTORIES
31.8.24 31.8.23
£    £   
Stocks 804 851

8. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.8.24 31.8.23
£    £   
Trade debtors 9,517 5,888
Amounts owed by group undertakings 37,551 21,851
Amounts owed by fellow subsidiary - 83,301
Other debtors 9,364 9,940
Prepayments and accrued income 292 428
56,724 121,408

9. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.8.24 31.8.23
£    £   
Trade creditors 19,100 15,687
Amounts owed to fellow subsidiary 35,446 111,636
Tax 5,414 2,053
Social security and other taxes 1,544 2,031
Other creditors 2,753 932
Directors' current accounts 25 -
Accruals and deferred income 2,313 2,227
66,595 134,566

C H Parker (Kings Norton) Limited (Registered number: 07207458)

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

10. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
31.8.24 31.8.23
£    £   
Within one year - 4,083

11. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.8.24 31.8.23
value: £    £   
100 Ordinary £1 100 100

12. CAPITAL COMMITMENTS
31.8.24 31.8.23
£    £   
Contracted but not provided for in the
financial statements - -

13. RELATED PARTY DISCLOSURES

Balances with associated companies are unsecured and interest free with no specific repayment terms.