Company Registration No. 05401197 (England and Wales)
WILLIAM PARKMAN & DAUGHTERS LIMITED
Unaudited accounts
for the year ended 31 December 2024
WILLIAM PARKMAN & DAUGHTERS LIMITED
Unaudited accounts
Contents
WILLIAM PARKMAN & DAUGHTERS LIMITED
Company Information
for the year ended 31 December 2024
Director
Charlotte Amy Burles Corbett
Company Number
05401197 (England and Wales)
Registered Office
61 / 62 Tredegar Street
Risca
Newport
NP11 6BW
Wales
Accountants
BARFORD OWEN DAVIES LIMITED
Sophia House
28 Cathedral Road
Cardiff
CF11 9LJ
WILLIAM PARKMAN & DAUGHTERS LIMITED
Statement of financial position
as at 31 December 2024
Intangible assets
90,784
104,185
Tangible assets
65,604
93,032
Cash at bank and in hand
116,833
61,049
Creditors: amounts falling due within one year
(136,640)
(102,807)
Net current assets
73,684
45,987
Total assets less current liabilities
230,072
243,204
Creditors: amounts falling due after more than one year
(53,488)
(81,061)
Provisions for liabilities
Deferred tax
(3,154)
(9,165)
Net assets
173,430
152,978
Called up share capital
10,000
10,000
Profit and loss account
163,430
142,978
Shareholders' funds
173,430
152,978
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. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges her 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 and authorised for issue on 15 August 2025 and were signed on its behalf by
Charlotte Amy Burles Corbett
Director
Company Registration No. 05401197
WILLIAM PARKMAN & DAUGHTERS LIMITED
Notes to the Accounts
for the year ended 31 December 2024
WILLIAM PARKMAN & DAUGHTERS LIMITED is a private company, limited by shares, registered in England and Wales, registration number 05401197. The registered office is 61 / 62 Tredegar Street, Risca, Newport, NP11 6BW, Wales.
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.
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.
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws.
Deferred tax assets and liabilities are not discounted.
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
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:
WILLIAM PARKMAN & DAUGHTERS LIMITED
Notes to the Accounts
for the year ended 31 December 2024
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.
Government grants in relation to tangible fixed assets are credited to profit and loss account over the useful lives of the related assets, whereas those in relation to expenditure are credited when the expenditure is charged to profit and loss.
4
Intangible fixed assets
Goodwill
At 31 December 2024
134,002
Charge for the year
13,401
At 31 December 2024
43,218
At 31 December 2024
90,784
At 31 December 2023
104,185
5
Tangible fixed assets
Motor vehicles
Fixtures & fittings
Total
Cost or valuation
At cost
At cost
At 1 January 2024
90,081
137,446
227,527
Disposals
-
(26,593)
(26,593)
At 31 December 2024
90,081
115,600
205,681
At 1 January 2024
27,601
106,894
134,495
Charge for the year
13,536
15,490
29,026
On disposals
-
(23,444)
(23,444)
At 31 December 2024
41,137
98,940
140,077
At 31 December 2024
48,944
16,660
65,604
At 31 December 2023
62,480
30,552
93,032
Carrying values included above held under finance leases and hire purchase contracts:
£
£
- Motor vehicles
47,434
57,345
WILLIAM PARKMAN & DAUGHTERS LIMITED
Notes to the Accounts
for the year ended 31 December 2024
Amounts falling due within one year
Accrued income and prepayments
93,491
85,745
7
Creditors: amounts falling due within one year
2024
2023
Bank loans and overdrafts
19,186
19,186
Obligations under finance leases and hire purchase contracts
11,426
13,231
Taxes and social security
51,035
29,501
8
Creditors: amounts falling due after more than one year
2024
2023
Obligations under finance leases and hire purchase contracts
18,476
29,901
9
Average number of employees
During the year the average number of employees was 12 (2023: 12).