REGISTERED NUMBER: 07317803 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31ST MARCH 2025

FOR

R S PARKIN LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Mr S Parkin

Mr R Parkin

Mr D R Brooks

Mr D L Hibbert

Mr D L Mellor

Mr R L Wells

REGISTERED OFFICE:

Unit 2, Carbon Court

Springvale Road

Park Springs

Barnsley

South Yorkshire

S72 7FF

REGISTERED NUMBER:

07317803 (England and Wales)

ACCOUNTANTS:

Gibson Booth Limited

12 Victoria Road

Barnsley

South Yorkshire

S70 2BB

BANKERS:

HSBC Bank PLC

5 Market Hill

Barnsley

South Yorkshire

S70 2PY

FIXED ASSETS

Intangible assets

4

-

-

Tangible assets

5

408,071

433,919

408,071

433,919

CURRENT ASSETS

Stocks

1,619,792

1,359,092

Debtors

6

82,729

103,883

Cash at bank and in hand

818,311

648,369

2,520,832

2,111,344

CREDITORS

Amounts falling due within one year

7

995,551

930,309

NET CURRENT ASSETS

1,525,281

1,181,035

TOTAL ASSETS LESS CURRENT LIABILITIES

1,933,352

1,614,954

PROVISIONS FOR LIABILITIES

51,204

56,537

NET ASSETS

1,882,148

1,558,417

CAPITAL AND RESERVES

Called up share capital

9

2

2

Retained earnings

1,882,146

1,558,415

SHAREHOLDERS' FUNDS

1,882,148

1,558,417

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st March 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st March 2025 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 24th September 2025 and were signed on its behalf by:

Mr S Parkin - Director

1.	STATUTORY INFORMATION

R S Parkin 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.

The financial statements are presented in sterling which is the functional currency of the company and rounded to the nearest pound.

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.

Significant judgements and estimates

No judgements have been made in the process of applying the below accounting policies that have had the most significant effect on amounts recognised in the financial statements.

There are no key assumptions concerning the future and other key sources of estimation uncertainty at the reporting date that have a significant risk of causing material adjustment to the carrying amounts of assets and liabilities within the next financial year.

Turnover

Turnover from the sale of automotive parts is recognised when significant risks and rewards of ownership of the goods have transferred over to the buyer, the amount of turnover can be measured reliably, it is probable that the economic benefits associated with the transaction will flow to the company and costs incurred or to be incurred in respect of the transaction can be measured reliably. This is usually on dispatch of the goods.

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.

Leasehold improvements

-

5% on cost

Plant and machinery

-

20% on reducing balance

Fixtures, fittings & equipment

-

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.

Research and development

Expenditure on research and development is written off in the year in which it is incurred.

Foreign currencies

Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

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 42 (2024 - 38 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1st April 2024

and 31st March 2025

10,000

AMORTISATION

At 1st April 2024

and 31st March 2025

10,000

NET BOOK VALUE

At 31st March 2025

-

At 31st March 2024

-

5.	TANGIBLE FIXED ASSETS

Fixtures,

Leasehold

Plant and

fittings

Motor

improvements

machinery

& equipment

vehicles

Totals

£

£

£

£

£

COST

At 1st April 2024

95,809

271,163

180,774

332,959

880,705

Additions

-

46,642

13,043

79,100

138,785

Disposals

-

-

-

(106,377

)

(106,377

)

At 31st March 2025

95,809

317,805

193,817

305,682

913,113

DEPRECIATION

At 1st April 2024

25,845

150,763

123,840

146,338

446,786

Charge for year

4,790

30,904

23,168

40,701

99,563

Eliminated on disposal

-

-

-

(41,307

)

(41,307

)

At 31st March 2025

30,635

181,667

147,008

145,732

505,042

NET BOOK VALUE

At 31st March 2025

65,174

136,138

46,809

159,950

408,071

At 31st March 2024

69,964

120,400

56,934

186,621

433,919

6.

DEBTORS

2025

2024

£

£

Amounts falling due within one year:

Trade debtors

-

1,562

Other debtors

41,256

17,535

Prepayments and accrued income

30,433

57,186

71,689

76,283

Amounts falling due after more than one year:

Other debtors 1-2 years

11,040

27,600

Aggregate amounts

82,729

103,883

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Bank loans and overdrafts

-

20,833

Trade creditors

208,263

222,273

Corporation tax

537,710

214,644

Social security and other taxes

23

-

VAT

28,544

44,021

Other creditors

137,211

426,238

Accrued expenses

83,800

2,300

995,551

930,309

8.	LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:

2025

2024

£

£

Within one year

77,900

77,900

9.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal value:

31.3.25

31.3.24

£

£

140

A Ordinary

£0.01

1.40

1.40

10

C Ordinary

£0.01

0.10

0.10

10

D Ordinary

£0.01

0.10

0.10

10

E Ordinary

£0.01

0.10

0.10

10

F Ordinary

£0.01

0.10

0.10

NIL

G Ordinary

£0.01

-

0.10

1.80

1.90

10.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31st March 2025 and 31st March 2024:

2025

2024

£

£

Mr S Parkin

Balance outstanding at start of year

-

4,082

Amounts advanced

-

8,505

Amounts repaid

-

(12,587

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

-

-

11.	ULTIMATE CONTROLLING PARTY

The ultimate parent undertaking is Parkin Holdings Limited

The parent company's registered office address is;

Unit 1 Carbon Court

Springvale Road

Park Springs

Barnsley

S72 7FF