REGISTERED NUMBER: 13266169 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 December 2024

for

Parkers Service Centre Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

Chartered Certified Accountants' Report

7

DIRECTORS:

S A Lathwood

A D Parker

REGISTERED OFFICE:

6 Foundry Square

Leicester

Leicestershire

LE1 3WW

REGISTERED NUMBER:

13266169 (England and Wales)

ACCOUNTANTS:

Charnwood Accountants & Business Advisors LLP

The Point

Granite Way

Mountsorrel

Loughborough

Leicestershire

LE12 7TZ

FIXED ASSETS

Intangible assets

4

387,731

443,122

Tangible assets

5

38,498

44,902

426,229

488,024

CURRENT ASSETS

Stocks

14,036

15,104

Debtors

6

46,864

27,555

Cash at bank and in hand

311,041

288,379

371,941

331,038

CREDITORS

Amounts falling due within one year

7

226,522

227,244

NET CURRENT ASSETS

145,419

103,794

TOTAL ASSETS LESS CURRENT LIABILITIES

571,648

591,818

PROVISIONS FOR LIABILITIES

4,243

3,572

NET ASSETS

567,405

588,246

CAPITAL AND RESERVES

Called up share capital

61,000

61,000

Retained earnings

506,405

527,246

567,405

588,246

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 15 September 2025 and were signed on its behalf by:

S A Lathwood - Director

1.	STATUTORY INFORMATION

Parkers Service Centre Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2021, is being amortised evenly over its estimated useful life of ten years.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Long leasehold

-

20% on cost and 5% on cost

Plant and machinery

-

20% on cost

Motor vehicles

-

25% on reducing balance

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 11 (2023 - 12 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 January 2024

and 31 December 2024

553,902

AMORTISATION

At 1 January 2024

110,780

Charge for year

55,391

At 31 December 2024

166,171

NET BOOK VALUE

At 31 December 2024

387,731

At 31 December 2023

443,122

5.	TANGIBLE FIXED ASSETS

Long

Plant and

Motor

leasehold

machinery

vehicles

Totals

£

£

£

£

COST

At 1 January 2024

23,389

24,230

11,651

59,270

Additions

-

6,646

-

6,646

Disposals

-

(2,249

)

(9,651

)

(11,900

)

At 31 December 2024

23,389

28,627

2,000

54,016

DEPRECIATION

At 1 January 2024

666

8,812

4,890

14,368

Charge for year

1,194

5,101

1,028

7,323

Eliminated on disposal

-

(975

)

(5,198

)

(6,173

)

At 31 December 2024

1,860

12,938

720

15,518

NET BOOK VALUE

At 31 December 2024

21,529

15,689

1,280

38,498

At 31 December 2023

22,723

15,418

6,761

44,902

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.24

31.12.23

£

£

Trade debtors

42,416

23,714

Prepayments

4,448

3,841

46,864

27,555

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.24

31.12.23

£

£

Trade creditors

39,652

47,886

Amounts owed to group undertakings

27

258

Tax

43,940

33,479

Social security and other taxes

7,558

7,268

VAT

18,838

16,333

Other creditors

95,251

84,712

Directors' current accounts

5,976

23,950

Accrued expenses

15,280

13,358

226,522

227,244

8.	ULTIMATE CONTROLLING PARTY

The ultimate parent undertaking of the company is Parker Service Centre Holding Limited. The registered office and principal place of business of Parker Service Centre Holding Limited is 6 Foundry Square, Leicester, LE1 3WW.

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Parkers Service Centre Limited for the year ended 31 December 2024 which comprise the Income Statement, Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at http://www.accaglobal.com/rulebook.

This report is made solely to the Board of Directors of Parkers Service Centre Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Parkers Service Centre Limited and state those matters that we have agreed to state to the Board of Directors of Parkers Service Centre Limited, as a body, in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at

https://www.accaglobal.com/content/dam/ACCA_Global/Technical/fact/tf-163-jan-24.pdf.

To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Parkers Service Centre Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Parkers Service Centre Limited. You consider that Parkers Service Centre Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Parkers Service Centre Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

Charnwood Accountants & Business Advisors LLP

The Point

Granite Way

Mountsorrel

Loughborough

Leicestershire

LE12 7TZ

15 September 2025