REGISTERED NUMBER: 04703328 (England and Wales)

Unaudited Financial Statements

for the Year Ended 31 March 2025

for

Parkgate Services (Bromsgrove) Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

P E Drew

T Drew

SECRETARY:

Mrs S M Drew

REGISTERED OFFICE:

169 Kidderminster Road

Parkgate

Bromsgrove

Worcestershire

B61 9AF

REGISTERED NUMBER:

04703328 (England and Wales)

ACCOUNTANTS:

Pinfields Limited

Chartered Accountants

Meryll House

57 Worcester Road

Bromsgrove

Worcestershire

B61 7DN

FIXED ASSETS

Tangible assets

4

390,868

426,048

CURRENT ASSETS

Stocks

5

1,504,686

890,704

Debtors

6

555,461

1,573,399

Cash at bank

22,091

30,004

2,082,238

2,494,107

CREDITORS

Amounts falling due within one year

7

611,317

1,020,571

NET CURRENT ASSETS

1,470,921

1,473,536

TOTAL ASSETS LESS CURRENT LIABILITIES

1,861,789

1,899,584

CREDITORS

Amounts falling due after more than one year

8

-

(15,661

)

PROVISIONS FOR LIABILITIES

9

(53,449

)

(62,092

)

NET ASSETS

1,808,340

1,821,831

CAPITAL AND RESERVES

Called up share capital

8

8

Retained earnings

1,808,332

1,821,823

SHAREHOLDERS' FUNDS

1,808,340

1,821,831

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 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 21 October 2025 and were signed on its behalf by:

T Drew - Director

1.	STATUTORY INFORMATION

Parkgate Services (Bromsgrove) 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 presentation currency of the financial statements is the Pound Sterling (£).

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.

Tangible fixed assets

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

Plant and machinery

-

25% on reducing balance

Fixtures and fittings

-

25% on reducing balance

Motor vehicles

-

25% on reducing balance

Computer equipment

-

25% on reducing balance

Stocks

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

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

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.

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 2 (2024 - 2 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

Freehold

Plant and

and

land

machinery

fittings

£

£

£

COST

At 1 April 2024

176,651

654,234

-

Additions

-

7,164

7,500

At 31 March 2025

176,651

661,398

7,500

DEPRECIATION

At 1 April 2024

-

414,523

-

Charge for year

-

61,166

313

At 31 March 2025

-

475,689

313

NET BOOK VALUE

At 31 March 2025

176,651

185,709

7,187

At 31 March 2024

176,651

239,711

-

Motor

Computer

vehicles

equipment

Totals

£

£

£

COST

At 1 April 2024

88,773

1,751

921,409

Additions

14,355

-

29,019

At 31 March 2025

103,128

1,751

950,428

DEPRECIATION

At 1 April 2024

79,684

1,154

495,361

Charge for year

2,571

149

64,199

At 31 March 2025

82,255

1,303

559,560

NET BOOK VALUE

At 31 March 2025

20,873

448

390,868

At 31 March 2024

9,089

597

426,048

5.

STOCKS

31.3.25

31.3.24

£

£

Stocks

1,070

965

Work-in-progress

1,503,616

889,739

1,504,686

890,704

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

£

Other debtors

555,461

1,573,399

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

£

Bank loans and overdrafts

-

10,119

Trade creditors

7,271

22,165

Tax

12,368

(16

)

Social security and other taxes

2,100

1,564

Other creditors

76,809

551,163

Wages control account

-

976

Pension Control

54

38

Directors' current accounts

505,965

426,562

Accrued expenses

6,750

8,000

611,317

1,020,571

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.3.25

31.3.24

£

£

Bank loans - 1-2 years

-

10,375

Bank loans - 2-5 years

-

5,286

-

15,661

9.	PROVISIONS FOR LIABILITIES

31.3.25

31.3.24

£

£

Deferred tax

Accelerated capital allowances

53,449

62,092

Deferred

tax

£

Balance at 1 April 2024

62,092

Accelerated capital allowances

(8,643

)

Balance at 31 March 2025

53,449

10.	RELATED PARTY DISCLOSURES

Included in debtors is an other debtor of £544,355 (2024 £564,901) due from a limited company under the control of the director of Parkgate Services Bromsgrove Ltd. This debtor is considered to be repayable on demand.

11.	ULTIMATE CONTROLLING PARTY

The company is under the control of Mr P E Drew.