Company Registration No. 11944839 (England and Wales)
Parkroy Precision Ltd
Unaudited accounts
for the year ended 31 March 2025
Parkroy Precision Ltd
Statement of financial position
as at 31 March 2025
Cash at bank and in hand
19,022
40,606
Creditors: amounts falling due within one year
(48,037)
(63,611)
Net current assets
635
5,424
Called up share capital
200
200
Profit and loss account
435
5,224
Shareholders' funds
635
5,424
For the year ending 31 March 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 7 August 2025 and were signed on its behalf by
Iain Gordon Tinsley
Director
Company Registration No. 11944839
Parkroy Precision Ltd
Notes to the Accounts
for the year ended 31 March 2025
Parkroy Precision Ltd is a private company, limited by shares, registered in England and Wales, registration number 11944839. The registered office is Unit 1 Middleway Industrial Estate, 239-255 Moseley Road, Highgate, Birmingham, West Midlands, B12 0EA, United Kingdom.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Motor vehicles
8 years straight line
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against profit on a straight line basis over the lease term.
Assets held under finance leases and hire purchase contracts are capitalised and depreciated over their useful lives. The corresponding lease or hire purchase obligation is treated in the balance sheet as a liability. The interest element of rental obligations is charged to the profit and loss account over the period of the lease at a constant proportion of the outstanding balance of capital repayments.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. 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.
Parkroy Precision Ltd
Notes to the Accounts
for the year ended 31 March 2025
4
Tangible fixed assets
Motor vehicles
Amounts falling due within one year
Trade debtors
29,131
24,704
Accrued income and prepayments
519
3,725
6
Creditors: amounts falling due within one year
2025
2024
Trade creditors
7,456
9,699
Taxes and social security
6,862
9,898
Proposed dividends
3,000
2,000
Other creditors
36,671
36,671
Loans from directors
(11,182)
28
Allotted, called up and fully paid:
100 Ordinary A shares of £1 each
100
100
100 Ordinary B shares of £1 each
100
100
Parkroy Precision Ltd
Notes to the Accounts
for the year ended 31 March 2025
Brought
Forward
Advance/
credit
Repaid
Carried
Forward
Iain Tinsley
-
5,591
-
5,591
Andrew Tinsley
-
5,591
-
5,591
9
Average number of employees
During the year the average number of employees was 2 (2024: 2).