15
false
false
false
false
false
false
false
false
false
false
true
false
false
false
false
false
false
No description of principal activity
2024-01-01
Sage Accounts Production Advanced 2024 - FRS102_2024
17,935
1,969
19,904
9,997
3,810
13,807
6,097
7,938
20,022
10,022
10,000
10,000
xbrli:pure
xbrli:shares
iso4217:GBP
04125314
2024-01-01
2024-12-31
04125314
2024-12-31
04125314
2023-12-31
04125314
2023-01-01
2023-12-31
04125314
2023-12-31
04125314
2022-12-31
04125314
bus:Director1
2024-01-01
2024-12-31
04125314
core:WithinOneYear
2024-12-31
04125314
core:WithinOneYear
2023-12-31
04125314
core:ShareCapital
2024-12-31
04125314
core:ShareCapital
2023-12-31
04125314
core:CapitalRedemptionReserve
2024-12-31
04125314
core:CapitalRedemptionReserve
2023-12-31
04125314
core:RetainedEarningsAccumulatedLosses
2024-12-31
04125314
core:RetainedEarningsAccumulatedLosses
2023-12-31
04125314
core:BetweenOneFiveYears
2024-12-31
04125314
core:CostValuation
core:Non-currentFinancialInstruments
2024-12-31
04125314
core:Non-currentFinancialInstruments
core:ProvisionsForImpairmentInvestments
2024-12-31
04125314
core:Non-currentFinancialInstruments
2024-12-31
04125314
core:Non-currentFinancialInstruments
2023-12-31
04125314
bus:SmallEntities
2024-01-01
2024-12-31
04125314
bus:AuditExemptWithAccountantsReport
2024-01-01
2024-12-31
04125314
bus:SmallCompaniesRegimeForAccounts
2024-01-01
2024-12-31
04125314
bus:PrivateLimitedCompanyLtd
2024-01-01
2024-12-31
04125314
bus:FullAccounts
2024-01-01
2024-12-31
04125314
core:OfficeEquipment
2024-01-01
2024-12-31
04125314
core:OfficeEquipment
2023-12-31
04125314
core:OfficeEquipment
2024-12-31
04125314
core:KeyManagementPersonnel
2024-01-01
2024-12-31
04125314
core:AllAssociates
2024-01-01
2024-12-31
COMPANY REGISTRATION NUMBER:
04125314
|
Coleman Parkes Research Limited |
|
|
Filleted Unaudited Financial Statements |
|
|
Coleman Parkes Research Limited |
|
Year ended 31 December 2024
|
Statement of financial position |
1 |
|
|
|
Notes to the financial statements |
3 |
|
|
|
Coleman Parkes Research Limited |
|
|
Statement of Financial Position |
|
31 December 2024
Fixed assets
|
Tangible assets |
5 |
|
6,097 |
7,938 |
|
Investments |
6 |
|
10,000 |
10,000 |
|
|
-------- |
-------- |
|
|
16,097 |
17,938 |
|
|
|
|
|
Current assets
|
Debtors |
7 |
1,027,176 |
|
876,577 |
|
Cash at bank and in hand |
336,655 |
|
458,941 |
|
------------ |
|
------------ |
|
1,363,831 |
|
1,335,518 |
|
|
|
|
|
|
Creditors: amounts falling due within one year |
8 |
576,541 |
|
597,000 |
|
------------ |
|
------------ |
|
Net current assets |
|
787,290 |
738,518 |
|
|
--------- |
--------- |
|
Total assets less current liabilities |
|
803,387 |
756,456 |
|
|
|
|
|
Provisions
|
Taxation including deferred tax |
|
1,524 |
1,984 |
|
|
--------- |
--------- |
|
Net assets |
|
801,863 |
754,472 |
|
|
--------- |
--------- |
|
|
|
|
Capital and reserves
|
Called up share capital |
|
188 |
188 |
|
Capital redemption reserve |
|
86 |
86 |
|
Profit and loss account |
|
801,589 |
754,198 |
|
|
--------- |
--------- |
|
Shareholders funds |
|
801,863 |
754,472 |
|
|
--------- |
--------- |
|
|
|
|
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.
For the year ending 31 December 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 financial statements for the year in question in accordance with section 476
;
-
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements
.
|
Coleman Parkes Research Limited |
|
|
Statement of Financial Position (continued) |
|
31 December 2024
These financial statements were approved by the
board of directors
and authorised for issue on
4 August 2025
, and are signed on behalf of the board by:
Company registration number:
04125314
|
Coleman Parkes Research Limited |
|
|
Notes to the Financial Statements |
|
Year ended 31 December 2024
1.
General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Camburgh House, 27 New Dover Road, Canterbury, Kent, CT1 3DN.
2.
Statement of compliance
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3.
Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Consolidation
The entity has taken advantage of the option not to prepare consolidated financial statements contained in Section 399 of the Companies Act 2006 on the basis that the entity and its subsidiary undertakings comprise a small group.
Judgements and key sources of estimation uncertainty
The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.
Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for goods supplied and services rendered, stated net of discounts and of Value Added Tax. Revenue from the sale of services is recognised when the amount of revenue can be measured reliably, it is probable that the associated economic benefits will flow to the entity, the stage of completion can be measured reliably, and the costs incurred or to be incurred in respect of the transactions can be measured reliably. Revenue is recognised by reference to the stage of completion.
Income tax
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date. Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised 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 that are expected to apply to the reversal of the timing difference.
Foreign currencies
Foreign currency transactions are initially recorded in the functional currency, by applying the spot exchange rate as at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are translated at the exchange rate ruling at the reporting date, with any gains or losses being taken to the profit and loss account.
Operating leases
Lease payments are recognised as an expense over the lease term on a straight-line basis. The aggregate benefit of lease incentives is recognised as a reduction to expense over the lease term, on a straight-line basis.
Tangible assets
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
|
Equipment |
- |
25% straight line |
|
|
|
|
Investments
Fixed asset investments are initially recorded at cost, and subsequently stated at cost less any accumulated impairment losses.
Impairment of fixed assets
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date.
Provisions
Provisions are recognised when the entity has an obligation at the reporting date as a result of a past event, it is probable that the entity will be required to transfer economic benefits in settlement and the amount of the obligation can be estimated reliably. Provisions are recognised as a liability in the statement of financial position and the amount of the provision as an expense.
Financial instruments
Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account in other administrative expenses. Loans and borrowings are initially recognised at transaction price including transaction costs. Subsequently, they are measured at amortised cost using the effective interest rate method, less impairment. If an arrangement constitutes a finance transaction it is measured at present value.
Defined contribution plans
The company makes payments into a defined contribution pension scheme for certain employees. The assets of the scheme are held separately from those of the company. The annual contributions payable are charged to the profit and loss account.
4.
Employee numbers
The average number of persons employed by the company during the year amounted to
15
(2023:
12
).
5.
Tangible assets
|
Equipment |
Total |
|
£ |
£ |
|
Cost |
|
|
|
At 1 January 2024 |
17,935 |
17,935 |
|
Additions |
1,969 |
1,969 |
|
-------- |
-------- |
|
At 31 December 2024 |
19,904 |
19,904 |
|
-------- |
-------- |
|
Depreciation |
|
|
|
At 1 January 2024 |
9,997 |
9,997 |
|
Charge for the year |
3,810 |
3,810 |
|
-------- |
-------- |
|
At 31 December 2024 |
13,807 |
13,807 |
|
-------- |
-------- |
|
Carrying amount |
|
|
|
At 31 December 2024 |
6,097 |
6,097 |
|
-------- |
-------- |
|
At 31 December 2023 |
7,938 |
7,938 |
|
-------- |
-------- |
|
|
|
6.
Investments
|
Shares in group undertakings |
|
£ |
|
Cost |
|
|
At 1 January 2024 and 31 December 2024 |
20,022 |
|
-------- |
|
Impairment |
|
|
At 1 January 2024 and 31 December 2024 |
10,022 |
|
-------- |
|
|
|
Carrying amount |
|
|
At 31 December 2024 |
10,000 |
|
-------- |
|
At 31 December 2023 |
10,000 |
|
-------- |
|
|
7.
Debtors
|
2024 |
2023 |
|
£ |
£ |
|
Trade debtors |
455,874 |
409,501 |
|
Amounts owed by group undertakings and undertakings in which the company has a participating interest |
350,000 |
350,000 |
|
Other debtors |
221,302 |
117,076 |
|
------------ |
--------- |
|
1,027,176 |
876,577 |
|
------------ |
--------- |
|
|
|
8.
Creditors:
amounts falling due within one year
|
2024 |
2023 |
|
£ |
£ |
|
Trade creditors |
275,539 |
223,005 |
|
Corporation tax |
173,035 |
139,298 |
|
Social security and other taxes |
74,523 |
93,493 |
|
Other creditors |
53,444 |
141,204 |
|
--------- |
--------- |
|
576,541 |
597,000 |
|
--------- |
--------- |
|
|
|
There is a fixed and floating charge held over the present and future assets of the company.
9.
Operating leases
The total future minimum lease payments under non-cancellable operating leases are as follows:
|
2024 |
2023 |
|
£ |
£ |
|
Not later than 1 year |
7,345 |
– |
|
Later than 1 year and not later than 5 years |
9,794 |
– |
|
-------- |
---- |
|
17,139 |
– |
|
-------- |
---- |
|
|
|
10.
Related party transactions
At the balance sheet date, a director was owed £2,415 (2023: £517) by the company.
At the balance sheet date, a group company owed £350,000 (2023: £350,000) to the company.
11.
Controlling party
Saw Research Limited
is the company's ultimate parent. Saw Research Limited is registered in England and Wales. The registered address of the controlling company is 160 Swaton Road, London, E3 4ER
.