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Registration number: 04525820

Parker Software Limited

Unaudited Financial Statements

for the Year Ended 30 September 2024

 

Parker Software Limited

Contents

Balance Sheet

1 to 2

Notes to the Unaudited Financial Statements

3 to 7

 

Parker Software Limited

(Registration number: 04525820)
Balance Sheet as at 30 September 2024

Note

2024
£

2023
£

Fixed assets

 

Tangible assets

4

803,262

826,557

Investments

5

6,326

6,326

 

809,588

832,883

Current assets

 

Debtors

6

2,090,902

2,092,527

Cash at bank and in hand

 

75,255

212,926

 

2,166,157

2,305,453

Creditors: Amounts falling due within one year

7

(183,529)

(309,289)

Net current assets

 

1,982,628

1,996,164

Total assets less current liabilities

 

2,792,216

2,829,047

Provisions for liabilities

(19,162)

(23,588)

Net assets

 

2,773,054

2,805,459

Capital and reserves

 

Called up share capital

1,000

1,000

Retained earnings

2,772,054

2,804,459

Shareholders' funds

 

2,773,054

2,805,459

 

Parker Software Limited

(Registration number: 04525820)
Balance Sheet as at 30 September 2024

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

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 16 May 2025 and signed on its behalf by:
 

.........................................
Mr S Parker
Company secretary and director

 

Parker Software Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 September 2024

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
Victoria Business Park Prospect Way
Knypersley
Stoke-On-Trent
Staffordshire
ST8 7PL
UK

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

These financial statements are prepared in Sterling, which is the functional currency of the company. All monetary amounts are rounded to the nearest £.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Foreign currency transactions and balances

Transactions in foreign currencies are recorded at the exchange rate ruling at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are retranslated at the closing rates at the balance sheet date. All exchange differences are included in the profit and loss account.

Tax

The tax expense for the period comprises current and deferred tax.

 

Parker Software Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 September 2024

The current tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Deferred tax is recognised on temporary differences arising between the tax bases of assets and liabilities and their carrying amounts in the financial statements and on unused tax losses or tax credits in the company. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the reporting date.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Freehold property

Not provided

Fixtures and fittings

10% on reducing balance

Motor vehicles

25% on reducing balance

Computer equipment

33% on reducing balance

Investments

Fixed asset investments are stated at historical cost less provision for any diminution in value.

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 9 (2023 - 15).

 

Parker Software Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 September 2024

4

Tangible assets

Freehold property
£

Fixtures, fittings and equipment
 £

Motor vehicles
 £

Total
£

Cost or valuation

At 1 October 2023

702,410

185,552

180,132

1,068,094

Additions

-

7,253

-

7,253

At 30 September 2024

702,410

192,805

180,132

1,075,347

Depreciation

At 1 October 2023

-

150,757

90,780

241,537

Charge for the year

-

8,210

22,338

30,548

At 30 September 2024

-

158,967

113,118

272,085

Carrying amount

At 30 September 2024

702,410

33,838

67,014

803,262

At 30 September 2023

702,410

34,795

89,352

826,557

Included within the net book value of land and buildings above is £702,410 (2023 - £702,410) in respect of freehold property.
 

5

Fixed asset Investments

2024
£

2023
£

Investments in subsidiaries

6,326

6,326

 

Parker Software Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 September 2024

Details of undertakings

Details of the investments (including principal place of business of unincorporated entities) in which the company holds 20% or more of the nominal value of any class of share capital are as follows:

Undertaking

Registered office

Holding

Proportion of voting rights and shares held

2024

2023

Subsidiary undertakings

Parker Software Inc

4767 New Broad Street
Baldwin Park
Orlando Florida

USA

Ordinary

100%

100%

Subsidiary undertakings

Parker Software Inc

The principal activity of Parker Software Inc is Software development.

6

Debtors

Current

Note

2024
£

2023
£

Trade debtors

 

12,068

37,158

Amounts owed by related parties

1,963,860

1,897,158

Prepayments

 

34,027

33,560

Other debtors

 

80,947

124,651

   

2,090,902

2,092,527

 

Parker Software Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 September 2024

7

Creditors

Creditors: amounts falling due within one year

Note

2024
£

2023
£

Due within one year

 

Trade creditors

 

19,363

20,546

Amounts owed to related parties

83,668

-

Taxation and social security

 

11,044

12,971

Accruals and deferred income

 

11,568

11,674

Other creditors

 

57,886

264,098

 

183,529

309,289