GARY PARKER HEARING CARE LTD


Director	Gary Lee Parker


Registered Address	Yatton House 108 Mannamead Road
	Mannamead
	Plymouth
	PL3 5QH


Registered Number	10006116 (England and Wales)

Balance Sheet as at
28 February 2025

	Notes	2025		2024
		£	£	£	£
Fixed assets
Tangible assets	3		943		1,312
			943		1,312
Current assets
Debtors	5	52,235		38,177
Cash at bank and on hand		226,839		277,954
		279,074		316,131
Creditors amounts falling due within one year	6	(56,769)		(96,510)
Net current assets (liabilities)			222,305		219,621
Total assets less current liabilities			223,248		220,933
Provisions for liabilities	7		(179)		(328)
Net assets			223,069		220,605
Capital and reserves
Called up share capital			101		101
Profit and loss account			222,968		220,504
Shareholders' funds			223,069		220,605

The company was entitled to exemption from audit for this reporting period 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 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 in accordance with the provisions applicable to companies subject to the small companies regime.
The directors have chosen to not file a copy of the company’s profit and loss account under section 444 (5A) Companies Act 2006.

The financial statements were approved and authorised for issue by the Director on 26 August 2025, and are signed on its behalf by:

Gary Lee Parker
Director
Registered Company No. 10006116

GARY PARKER HEARING CARE LTD

Notes to the Financial Statements
for the year ended 28 February 2025

1.	Accounting policies

	Statutory information
	The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

	Statement of compliance
	The financial statements have been prepared in compliance with FRS 102 Section 1A as it applies to the financial statements for the period and there were no material departures from the reporting standard.

	Revenue from sale of goods
	Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. 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.

Revenue from sale of goods

Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. 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.

	Employee benefits
	Contributions to defined contribution plans are expensed in the period to which they relate.

	Deferred tax
	Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.

Deferred tax

Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.

	Tangible fixed assets and depreciation
	Tangible fixed assets are stated at cost or valuation less depreciation. Depreciation is provided on all tangible fixed assets as follows:


	Reducing balance (%)	Straight line (years)
Fixtures and fittings	15	-
Office Equipment	-	3

	Stocks and work in progress
	Stocks are valued at the lower of cost and estimated selling price (less any associated costs to enable such sales to complete).

2.	Average number of employees


		2025		2024
	Average number of employees during the year	1		1

3.	Tangible fixed assets

	Fixtures & fittings	Office Equipment	Total
	£	£	£
Cost or valuation
At 01 March 24	1,870	3,368	5,238
At 28 February 25	1,870	3,368	5,238
Depreciation and impairment
At 01 March 24	1,196	2,730	3,926
Charge for year	101	268	369
At 28 February 25	1,297	2,998	4,295
Net book value
At 28 February 25	573	370	943
At 29 February 24	674	638	1,312

4.	Stocks

5.	Debtors: amounts due within one year

	2025	2024
	£	£
Trade debtors / trade receivables	51,865	37,807
Prepayments and accrued income	370	370
Total	52,235	38,177

6.	Creditors: amounts due within one year

	2025	2024
	£	£
Trade creditors / trade payables	140	140
Taxation and social security	8,879	21,575
Other creditors	43,534	68,343
Accrued liabilities and deferred income	4,216	6,452
Total	56,769	96,510

7.	Provisions for liabilities

	2025	2024
	£	£
Net deferred tax liability (asset)	179	328
Total	179	328

8.	Related party transactions
	At the year end the company owed the director, Gary Parker £25,038 (2024 - £66,730)