Parkes Products Limited Accounts






Parkes Products Limited

	Company No. 01905021
		Information for Filing with The Registrar
		31 January 2025

The Directors present their report and the accounts for the year ended 31 January 2025.

Principal activities
The principal activity of the company during the year under review was the manufacture and sale of building components.




Directors

The Directors who served at any time during the year were as follows:

R.S. Berwick
S.B.E. Berwick








































































The above report has been prepared in accordance with the provisions applicable to companies subject to the small companies regime as set out in Part 15 of the Companies Act 2006.

Signed on behalf of the board

R.S. Berwick
Director
31 October 2025

at	31 January 2025
Company No.		01905021	Notes	2025	2024
				£	£
Fixed assets

	Tangible assets		4	429,743	455,480


				429,743	455,480
Current assets
	Stocks		5	753,738	577,147
	Debtors		6	427,384	595,986

	Cash at bank and in hand			78,301	79,282
				1,259,423	1,252,415
Creditors: Amount falling due within one year			7	(371,421)	(393,025)
Net current assets				888,002	859,390
Total assets less current liabilities				1,317,745	1,314,870
Creditors: Amounts falling due after more than one year			8	(505,300)	(538,923)
Provisions for liabilities
	Deferred taxation			(12,191)	(13,562)

Net assets				800,254	762,385

Capital and reserves
	Called up share capital			9,000	9,000

	Revaluation reserve		11	85,007	87,756

	Profit and loss account		11	706,247	665,629

Total equity				800,254	762,385



These accounts have been prepared in accordance with the special provisions applicable to companies subject to the small companies regime of the Companies Act 2006.

For the year ended 31 January 2025 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 directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.



As permitted by section 444 (5A)of the Companies Act 2006 the directors have not delivered to the Registrar a copy of the company's profit and loss account.

Approved by the board on 31 October 2025 and signed on its behalf by:
R.S. Berwick
Director
31 October 2025

for the year ended 31 January 2025

General information

Parkes Products Limited is a private company limited by shares and incorporated in England and Wales.

Its registered number is: 01905021

Its registered office is:

Temple Works

Burrell Way

Thetford

Norfolk

IP24 3QT

The accounts have been prepared in accordance with FRS 102 Section 1A - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.

Accounting policies

Turnover

Turnover is measured at the fair value of the consideration received or receivable. Turnover is reduced for estimated customer returns, rebates and other similar allowances.

Tangible fixed assets and depreciation

Tangible fixed assets held for the company's own use are stated at cost less accumulated depreciation and accumulated impairment losses. Property which had been revalued previously in 1991 and carried at its revalued amount less depreciation prior to FRS102 was included in accordance with the transitional provisions for FRS102 at the revalued amount as deemed cost less depreciation and that valuation has not been updated. The company's freehold property was most recently valued at 18 May 2019 at £970,000: this valuation has not been used in the accounts.

At each balance sheet date, the company reviews the carrying amount of its tangible fixed assets to determine whether there is any indication that any items have suffered an impairment loss. If any such indication exists, the recoverable amount of an asset is estimated in order to determine the extent of the impairment loss.

Depreciation is provided at the following annual rates in order to write off the cost or valuation less the estimated residual value of each asset over its estimated useful life:

Freehold buildings

2% on cost

Plant and machinery

% at varying rates on cost

Taxation

Income tax expense represents the sum of the tax currently payable and deferred tax.

The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the profit and loss account because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The Company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.

Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable temporary differences. Deferred tax assets are generally recognised for all deductible timing differences to the extent that it is probable that taxable profits will be available against which those deductible temporary differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.

Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period.

Current or deferred tax for the year is recognised in profit or loss, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also recognised in other comprehensive income or directly in equity respectively.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell after making due allowance for obsolete and slow moving items.

Trade and other debtors

Trade and other debtors are measured at the transaction price less impairment losses for bad and doubtful debts.

Trade and other creditors

Short term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

Leased assets

Operating lease payments are recognised as an expense on a straight-line basis over the lease term.

Defined contribution pensions

The Company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the company pays fixed contributions into a separate entity. Once the contributions have been paid the company has no further payments obligations.

The contributions are recognised as expenses when they fall due. Amounts not paid are shown in accruals in the balance sheet. The assets of the plan are held separately from the company in independently administered funds.

3	Employees
			2025	2024
			Number	Number
		The average monthly number of employees (including directors) during the year was:	11	12

4	Tangible fixed assets
			Land and buildings	Plant and machinery	Total
			£	£	£
		Cost or revaluation
		At 1 February 2024	646,816	1,173,808	1,820,624




		At 31 January 2025	646,816	1,173,808	1,820,624
		Depreciation
		At 1 February 2024	249,068	1,116,076	1,365,144
		Charge for the year	10,036	15,701	25,737



		At 31 January 2025	259,104	1,131,777	1,390,881
		Net book values
		At 31 January 2025	387,712	42,031	429,743
		At 31 January 2024	397,748	57,732	455,480

5	Stocks
			2025	2024
			£	£


		Finished goods	753,738	577,147
			753,738	577,147

6	Debtors
			2025	2024
			£	£
		Trade debtors	403,617	569,953





		Other debtors	6,744	12,257
		Prepayments and accrued income	17,023	13,776
			427,384	595,986

7	Creditors:
		amounts falling due within one year
			2025	2024
			£	£

		Bank loans and overdrafts	33,053	29,447


		Trade creditors	144,957	108,913
		Amounts owed to group undertakings	75,000	75,000
		Taxes and social security	76,537	108,215
		Loans from directors	2,568	2,308

		Accruals and deferred income	39,306	69,142
			371,421	393,025

		The company has a bank loan repayable in instalments over a remaining term of 10 years 6 months. The loan is a commercial mortgage secured on the company's freehold property. The company has a factoring facility under which the balance due to factors is secured on book debts and by fixed and floating charge. There was no balance due to factors at 31 January 2025 or 2024.

8	Creditors:
		amounts falling due after more than one year
			2025	2024
			£	£

		Bank loans and overdrafts	505,300	538,923






			505,300	538,923

		Liabilities repayable in more than five years after the balance sheet date
		Amount repayable by instalments	340,842	390,579

			340,842	390,579

		The company has a bank loan repayable in instalments over a remaining term of 10 years 6 months. The loan is a commercial mortgage secured on the company's freehold property.

9	Creditors: secured liabilities
			2025	2024
			£	£
		The aggregate amount of secured liabilities included within creditors	538,353	568,370

Share Capital

Ordinary £1 shares fully paid

11	Reserves
			Revaluation Reserve	Total other reserves
			£	£
		At 1 February 2023	90,505	90,505
		Movement on revaluation reserve	(2,749)	(2,749)


		At 31 January 2024 and 1 February 2024	87,756	87,756
		Movement on revaluation reserve	(2,749)	(2,749)


		At 31 January 2025	85,007	85,007

		Revaluation reserve - reflects the revaluation of property other than investment properties.


		Profit and loss account - includes all current and prior period retained profits and losses.

12	Dividends
			2025	2024
			£	£
		Dividends for the period:
		Dividends paid in the period	58,000	47,700

			58,000	47,700

		Dividends by type:

		Equity dividends	58,000	47,700
			58,000	47,700

Related party disclosures

Transactions with related parties

Parent Company

The name of the parent of the smallest group for which consolidated financial statements are drawn up of which this entity is a member:

Reflex Safety Ltd

The parent's registered office address is:

Temple Works

Burrell Way

Thetford

Norfolk IP24 3QT