Registration number: 10439825

Parry Catering Equipment (Midlands) Ltd

Contents

Company Information	1
Director's Report	2
Profit and Loss Account	3
Balance Sheet	4
Statement of Changes in Equity	5
Notes to the Unaudited Financial Statements	6 to 12

Parry Catering Equipment (Midlands) Ltd

Company Information

Director

Mr MW Banton

Registered office

The New Factory Town End Road Draycott Derbyshire DE72 3PT

Accountants

DJM Accountants & Consultancy Limited 71-75 Shelton Street Covent Garden London WC2H 9JQ

Parry Catering Equipment (Midlands) Ltd

Director's Report for the Year Ended 28 February 2025

The director presents his report and the financial statements for the year ended 28 February 2025.

Director of the company

The director who held office during the year was as follows:

Mr MW Banton

Principal activity

The principal activity of the company is Other Business Support Service Activitie

Small companies provision statement

This report has been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

Approved and authorised by the director on 12 September 2025
 

Mr MW Banton Director

Parry Catering Equipment (Midlands) Ltd

Profit and Loss Account for the Year Ended 28 February 2025

	Note	2025 £	2024 £
Turnover		5,833,551	6,312,324
Cost of sales		(3,218,450)	(3,005,737)
Gross profit		2,615,101	3,306,587
Administrative expenses		(2,893,798)	(2,826,810)
Operating (loss)/profit		(278,697)	479,777
Other interest receivable and similar income		(12,560)	(15,310)
Interest payable and similar expenses		8,248	6,349
		(4,312)	(8,961)
(Loss)/profit before tax	4	(283,009)	470,816
Profit/loss on disposal of operations
Written off Research and Development costs		(95,354)	(123,435)
(Loss)/profit for the financial year		(378,363)	347,381

The above results were derived from continuing operations.

The company has no recognised gains or losses for the year other than the results above.

Parry Catering Equipment (Midlands) Ltd

(Registration number: 10439825)
Balance Sheet as at 28 February 2025

	Note	2025 £	2024 £
Fixed assets
Intangible assets	5	2,391,959	2,735,742
Tangible assets	6	302,642	364,466
		2,694,601	3,100,208
Current assets
Stocks	7	686,661	769,037
Debtors	8	887,324	1,284,364
Cash at bank and in hand		605,678	325,971
		2,179,663	2,379,372
Creditors: Amounts falling due within one year	9	(1,215,559)	(1,582,357)
Net current assets		964,104	797,015
Total assets less current liabilities		3,658,705	3,897,223
Creditors: Amounts falling due after more than one year	9	(131,007)	-
Provisions for liabilities		(121,780)	(112,942)
Net assets		3,405,918	3,784,281
Capital and reserves
Called up share capital	10	400,000	400,000
Retained earnings		3,005,918	3,384,281
Shareholders' funds		3,405,918	3,784,281

For the financial year ending 28 February 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's 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 director acknowledges his 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 in accordance with the provisions applicable to companies subject to the small companies regime and FRS 102 ‘The Financial Reporting Standard Applicable in the UK and Republic of Ireland’.

Approved and authorised by the director on 12 September 2025
 

Mr MW Banton Director

Parry Catering Equipment (Midlands) Ltd

Statement of Changes in Equity for the Year Ended 28 February 2025

	Share capital £	Retained earnings £	Total £
At 1 March 2024	400,000	3,384,281	3,784,281
Loss for the year	-	(378,363)	(378,363)
At 28 February 2025	400,000	3,005,918	3,405,918

	Share capital £	Retained earnings £	Total £
At 1 March 2023	400,000	3,036,900	3,436,900
Profit for the year	-	347,381	347,381
At 29 February 2024	400,000	3,384,281	3,784,281

Parry Catering Equipment (Midlands) Ltd

Notes to the Unaudited Financial Statements for the Year Ended 28 February 2025

1	General information

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

The address of its registered office is:
The New Factory Town End Road
Draycott
Derbyshire
DE72 3PT

These financial statements were authorised for issue by the director on 12 September 2025.

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.

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, returns, 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 initially recorded at the functional currency rate prevailing at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are retranslated into the respective functional currency of the entity at the rates prevailing on the reporting period date. Non-monetary items carried at fair value that are denominated in foreign currencies are retranslated at the rate on the date when the fair value is re-measured.

Non-monetary items measured in terms of historical cost in a foreign currency are not retranslated.

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.

Parry Catering Equipment (Midlands) Ltd

Notes to the Unaudited Financial Statements for the Year Ended 28 February 2025

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
Plant and machinery	20% on costs
Fixtures and fittings	25% on costs
Motor vehicles	25% on costs
Equipment	10% on costs

Goodwill

Goodwill arising on the acquisition of an entity represents the excess of the cost of acquisition over the company’s interest in the net fair value of the identifiable assets, liabilities and contingent liabilities of the entity recognised at the date of acquisition. Goodwill is initially recognised as an asset at cost and is subsequently measured at cost less accumulated amortisation and accumulated impairment losses. Goodwill is held in the currency of the acquired entity and revalued to the closing rate at each reporting period date. Goodwill is amortised over its useful life, which shall not exceed ten years if a reliable estimate of the useful life cannot be made.

Amortisation

Amortisation is provided on intangible assets so as to write off the cost, less any estimated residual value, over their useful life as follows:

Asset class	Amortisation method and rate
Goodwill	amortised evenly over 10 years
Development costs	amortised evenly over 10 and 15 years

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method.

The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the inventories to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are impaired, the carrying amount is reduced to its selling price less costs to complete and sell; the impairment loss is recognised immediately in profit or loss.

Parry Catering Equipment (Midlands) Ltd

Notes to the Unaudited Financial Statements for the Year Ended 28 February 2025

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Provisions

Provisions are recognised when the company has an obligation at the reporting date as a result of a past event, it is probable that the company will be required to settle that obligation and a reliable estimate can be made of the amount of the obligation.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

3	Staff numbers

The average number of persons employed by the company (including the director) during the year, was 49 (2024 - 47).

4	Loss/profit before tax

Arrived at after charging/(crediting)

	2025 £	2024 £
Depreciation expense	97,342	96,362
Amortisation expense	375,620	308,561

Parry Catering Equipment (Midlands) Ltd

Notes to the Unaudited Financial Statements for the Year Ended 28 February 2025

5	Intangible assets

	Goodwill  £	Development costs  £	Total £
Cost or valuation
At 1 March 2024	20,000	3,880,953	3,900,953
Additions acquired separately	-	127,191	127,191
Disposals	-	(95,354)	(95,354)
At 28 February 2025	20,000	3,912,790	3,932,790
Amortisation
At 1 March 2024	14,500	1,150,711	1,165,211
Amortisation charge	2,000	373,620	375,620
At 28 February 2025	16,500	1,524,331	1,540,831
Carrying amount
At 28 February 2025	3,500	2,388,459	2,391,959
At 29 February 2024	5,500	2,730,242	2,735,742

The company has not capitalised all the expenditure this year due to deteriorating market conditions.

Parry Catering Equipment (Midlands) Ltd

Notes to the Unaudited Financial Statements for the Year Ended 28 February 2025

6	Tangible assets

	Fixtures and fittings £	Plant and machinery £	Equipment £	Motor vehicles  £
Cost or valuation
At 1 March 2024	270,074	223,145	638,445	25,000
Additions	8,205	4,763	3,725	22,950
Disposals	-	-	-	(18,000)
At 28 February 2025	278,279	227,908	642,170	29,950
Depreciation
At 1 March 2024	187,353	201,638	384,207	19,000
Charge for the year	28,702	7,981	55,437	5,222
Eliminated on disposal	-	-	-	(13,875)
At 28 February 2025	216,055	209,619	439,644	10,347
Carrying amount
At 28 February 2025	62,224	18,289	202,526	19,603
At 29 February 2024	82,721	21,507	254,238	6,000

	Total £
Cost or valuation
At 1 March 2024	1,156,664
Additions	39,643
Disposals	(18,000)
At 28 February 2025	1,178,307
Depreciation
At 1 March 2024	792,198
Charge for the year	97,342
Eliminated on disposal	(13,875)
At 28 February 2025	875,665
Carrying amount
At 28 February 2025	302,642
At 29 February 2024	364,466

7

Stocks

Parry Catering Equipment (Midlands) Ltd

Notes to the Unaudited Financial Statements for the Year Ended 28 February 2025

	2025 £	2024 £
Raw materials and consumables	364,765	383,493
Work in progress	48,488	66,714
Finished goods and goods for resale	273,408	318,830
	686,661	769,037

8

debtors

Current	Note	2025 £	2024 £
Trade debtors		766,010	929,822
Amounts owed by related parties	11	-	210,310
Prepayments		99,812	120,245
Other debtors		21,502	23,987
		887,324	1,284,364

Parry Catering Equipment (Midlands) Ltd

Notes to the Unaudited Financial Statements for the Year Ended 28 February 2025

9

Creditors

Creditors: amounts falling due within one year

	2025 £	2024 £
Due within one year
Trade creditors	864,514	873,541
Taxation and social security	168,774	189,704
Accruals and deferred income	162,076	204,007
Other creditors	20,195	315,105
	1,215,559	1,582,357

Creditors: amounts falling due after more than one year

	2025 £	2024 £
Due after one year
Other financial liabilities	131,007	-

10	Share capital

Allotted, called up and fully paid shares

	2025		2024
	No.	£	No.	£
Ordinary shares of £1 each	400,000	400,000	400,000	400,000

11	Related party transactions

Director's remuneration

The director's remuneration for the year was as follows:

	2025 £	2024 £
Remuneration	120,000	102,500
Contributions paid to money purchase schemes	40,000	40,000
	160,000	142,500

12	Parent and ultimate parent undertaking

The company's immediate parent is Parry Catering Group Limited, incorporated in England.