Company Registration No. 01068402 (England and Wales)
Tom Parker Limited
Annual Report and Financial Statements
For the Year Ended
30 April 2025
TOM PARKER LIMITED
Tom Parker Limited
COMPANY INFORMATION
Directors
Mr T Parker
Mr R Parker
Mr T J Parker
Secretary
Mr T J Parker
Company number
01068402
Registered office
Marsh Lane Mill
Marsh Lane
Preston
Lancashire
United Kingdom
PR1 1HY
Auditor
Azets Audit Services
Chartered Accountants
Floor 1, Capital House
8 Pittman Court, Pittman Way
Fulwood
Preston
Lancashire
United Kingdom
PR2 9ZG
Bankers
Virgin Money
40 Church Street
Blackburn
Lancashire
BB1 5AW
Virgin Money
44 Fishergate
Preston
PR1 8BH
Solicitors
Napthens Solicitors
7 Winckley Square
Preston
United Kingdom
PR1 3JD
TOM PARKER LIMITED
Tom Parker Limited
CONTENTS
Page
Strategic report
1 - 2
Directors' report
3 - 4
Independent auditor's report
5 - 7
Statement of comprehensive income
8
Statement of financial position
9
Statement of changes in equity
10
Statement of cash flows
11
Notes to the financial statements
12 - 23
TOM PARKER LIMITED
Tom Parker Limited
STRATEGIC REPORT
FOR THE YEAR ENDED 30 APRIL 2025
- 1 -

The directors present the ir strategic report for the year ended 30 April 2025.

Fair review of the business

The principal activity of the company during the year was the buying, assembling and selling of hydraulic and pneumatic equipment with particular emphasis on industrial and mechanical couplings and all related ancillary products.

The trading conditions in the year have been challenging. In particular, the global supply chain crisis and volatility of currency exchange rates. Trading conditions have been difficult and turnover has reduced by £390,181.

The directors are pleased with the overall results for the year and credit must be given to all employees for their effort.

The company's wholly owned subsidiary, G and R Hydraulics and Pneumatics Limited was dormant throughout the year. Group accounts have not been prepared as the subsidiary will not be material to the group results.

Key performance indicators

The key performance indicators of the company are considered to be turnover, the gross profit margin and the operating profit margin.

| 2025 | 2024
| £ | £
Turnover | 14,696,157 | 15,086,338
Gross profit | 7,124,471 | 7,146,167
Operating profit | 2,040,885 | 2,334,918
Profit before taxation | 2,008,700 | 2,248,582
Profit after taxation | 1,490,857 | 1,674,638
Shareholders’ funds | 5,163,546 | 4,461,970

Position at the end of the year

The company is in a strong cash position at the end of the year, with cash reserves of £432,760 considered sufficient to meet liabilities as they fall due. The company current assets ratio remains at a healthy 2.81 compared to 2.05 in the previous year.

Research and development

The company's research and development activities are concentrated on the development of new products, new processes and the quality improvement of existing products.

TOM PARKER LIMITED
Tom Parker Limited
STRATEGIC REPORT (CONTINUED)
FOR THE YEAR ENDED 30 APRIL 2025
- 2 -
Principal risks and uncertainties

The board regularly reviews the business risks and uncertainties facing the company and takes the appropriate action. Set out below are the principal risk factors and the procedures to mitigate these risks and uncertainties.

The financial risks faced by the company are:

Financial Instruments Risk

The company's principal financial instruments comprise cash deposits and loans, together with trade debtors and trade creditors arising directly from trading. Their existence exposes the company to a number of financial risks which the company seeks to manage. These policies remain unchanged from previous years.

Credit Risk

The credit risk attributable to trade debtors is low as the company has a very disciplined credit control policy, which includes pursuing all bad debts through the courts, and are proud to report negligible bad or doubtful debts.

Interest Rate Risk

The company has no long term interest bearing debt and therefore interest rate fluctuations are not seen to be a significant risk to cashflow.

Liquidity Risk

The liquidity risk of the company is considered to be low because the company has a strong cash flow generated from operations, which will continue to support the company's operations.

Cash Flow Risk

The directors' policies of ensuring good credit control, regular reviews of pricing and using forward contracts to mitigate exchange variances ensures that cashflow for the company is strong. Cashflow is regularly reviewed and the directors monitor sales and targets to ensure that they are within expectations.

Exchange Risk

The company relies on overseas suppliers for many products. Hence the price it pays for goods are affected by movements on currency exchange rates. The company reviews and monitors exchange rates on a regular basis and takes action to mitigate the risk as appropriate such as the purchase of forward foreign currency contracts.

Competition risk

The industry in which the company operates is highly competitive. The directors maintain a sales and pricing policy to ensure customers are offered consistent value for money with a longer term approach. Price lists are reviewed regularly and updated to reflect changes in exchange rates as necessary.

The non financial risks faced by the company are:

Health and safety risk

The company recognises its obligations and the risk to its reputation of any incident affecting either its customers or employees. The directors are mindful of their responsibilities and comply with all relevant legislation.

Import risk

The company imports products from overseas. The company has taken all possible steps to mitigate this risk.

By order of the board

Mr T J Parker
Secretary
Date: 13 November 2025
TOM PARKER LIMITED
Tom Parker Limited
DIRECTORS' REPORT
FOR THE YEAR ENDED 30 APRIL 2025
- 3 -

The directors present their annual report and financial statements for the year ended 30 April 2025.

Directors

The directors who held office during the year and up to the date of signature of the financial statements were as follows:

Mr T Parker
Mr R Parker
Mr T J Parker
Results and dividends

The results for the year are set out on page 8.

Particulars of dividends paid are detailed in note 10 of the financial statements.

Future developments

The company intends to keep its competitive edge and maintain the current level of sales with the introduction of new products and increased marketing of the current range.

Auditor

The auditor, Azets Audit Services, is deemed to be reappointed under section 487(2) of the Companies Act 2006.

Statement of directors' responsibilities

The directors are responsible for preparing the annual report and the financial statements in accordance with applicable law and regulations.

Company law requires the directors to prepare financial statements for each financial year. Under that law the directors have elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law). Under company law the directors must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the company and of the profit or loss of the company for that period. In preparing these financial statements, the directors are required to:

- select suitable accounting policies and then apply them consistently;

- make judgements and accounting estimates that are reasonable and prudent;

- state whether applicable UK Accounting Standards have been followed, subject to any material departures disclosed and explained in the financial statements;

- prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business.

The directors are responsible for keeping adequate accounting records that are sufficient to show and explain the company’s transactions and disclose with reasonable accuracy at any time the financial position of the company and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

Strategic report

The company has chosen in accordance with Companies Act 2006, s. 414C(11) to set out in the company's strategic report information required by Large and Medium-sized Companies and Groups (Accounts and Reports) Regulations 2008, Sch. 7 to be contained in the directors' report. It has done so in respect of:

- Future developments

- Research and development

- Financial risk management objectives and policies

TOM PARKER LIMITED
Tom Parker Limited
DIRECTORS' REPORT (CONTINUED)
FOR THE YEAR ENDED 30 APRIL 2025
- 4 -
Statement of disclosure to auditor

So far as each person who was a director at the date of approving this report is aware, there is no relevant audit information of which the company’s auditor is unaware. Additionally, the directors individually have taken all the necessary steps that they ought to have taken as directors in order to make themselves aware of all relevant audit information and to establish that the company’s auditor is aware of that information.

By order of the board
Mr T J Parker
Secretary
13 November 2025
TOM PARKER LIMITED
Tom Parker Limited
INDEPENDENT AUDITOR'S REPORT
TO THE MEMBERS OF TOM PARKER LIMITED
- 5 -
Opinion

We have audited the financial statements of Tom Parker Limited (the 'company') for the year ended 30 April 2025 which comprise the statement of comprehensive income, the statement of financial position, the statement of changes in equity, the statement of cash flows and notes to the financial statements, including significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland (United Kingdom Generally Accepted Accounting Practice).

In our opinion the financial statements:

- give a true and fair view of the state of the company's affairs as at 30 April 2025 and of its profit for the year then ended;

- have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice; and

- have been prepared in accordance with the requirements of the Companies Act 2006.

Basis for opinion

We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditor's responsibilities for the audit of the financial statements section of our report. We are independent of the company in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC’s Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.

Conclusions relating to going concern

In auditing the financial statements, we have concluded that the directors' use of the going concern basis of accounting in the preparation of the financial statements is appropriate.

Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the company's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.

Our responsibilities and the responsibilities of the directors with respect to going concern are described in the relevant sections of this report.

Other information

The other information comprises the information included in the annual report other than the financial statements and our auditor's report thereon. The directors are responsible for the other information contained within the annual report. Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon. Our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the course of the audit, or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether this gives rise to a material misstatement in the financial statements themselves. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact.

We have nothing to report in this regard.

Opinions on other matters prescribed by the Companies Act 2006

In our opinion, based on the work undertaken in the course of our audit:

- the information given in the strategic report and the directors' r eport for the financial year for which the financial statements are prepared is consistent with the financial statements; and

- the strategic report and the directors' report have been prepared in accordance with applicable legal requirements.

TOM PARKER LIMITED
Tom Parker Limited
INDEPENDENT AUDITOR'S REPORT (CONTINUED)
TO THE MEMBERS OF TOM PARKER LIMITED
- 6 -
Matters on which we are required to report by exception

In the light of the knowledge and understanding of the company and its environment obtained in the course of the audit, we have not identifie d material misstatements in the strategic report or the directors' r eport.

We have nothing to report in respect of the following matters in relation to which the Companies Act 2006 requires us to report to you if, in our opinion:

- adequate accounting records have not been kept, or returns adequate for our audit have not been received from branches not visited by us; or

- the financial statements are not in agreement with the accounting records and returns; or

- certain disclosures of directors' remuneration specified by law are not made; or

- we have not received all the information and explanations we require for our audit.

Responsibilities of directors

As explained more fully in the directors' r esponsibilities s tatement, the directors are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the directors determine is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error. In preparing the financial statements, the directors are responsible for assessing the company's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the directors either intend to liquidate the company or to cease operations, or have no realistic alternative but to do so.

Auditor's responsibilities for the audit of the financial statements

Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an auditor's report that includes our opinion. Reasonable assurance is a high level of assurance but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.

A further description of our responsibilities is available on the Financial Reporting Council’s website at: https://www.frc.org.uk/auditorsresponsibilities. This description forms part of our auditor's report.

TOM PARKER LIMITED
Tom Parker Limited
INDEPENDENT AUDITOR'S REPORT (CONTINUED)
TO THE MEMBERS OF TOM PARKER LIMITED
- 7 -

Extent to which the audit was considered capable of detecting irregularities, including fraud

Irregularities, including fraud, are instances of non-compliance with laws and regulations. We design procedures in line with our responsibilities, outlined above and on the Financial Reporting Council’s website, to detect material misstatements in respect of irregularities, including fraud.

We obtain and update our understanding of the entity, its activities, its control environment, and likely future developments, including in relation to the legal and regulatory framework applicable and how the entity is complying with that framework. Based on this understanding, we identify and assess the risks of material misstatement of the financial statements, whether due to fraud or error, design and perform audit procedures responsive to those risks, and obtain audit evidence that is sufficient and appropriate to provide a basis for our opinion. This includes consideration of the risk of acts by the entity that were contrary to applicable laws and regulations, including fraud.

In response to the risk of irregularities and non-compliance with laws and regulations, including fraud, we designed procedures which included:

- Enquiry of management and those charged with governance around actual and potential litigation and claims as well as actual, suspected and alleged fraud;

- Assessing the extent of compliance with the laws and regulations considered to have a direct material effect on the financial statements or the operations of the company through enquiry and inspection;

- Reviewing financial statement disclosures and testing to supporting documentation to assess compliance with applicable laws and regulations;

- Performing audit work over the risk of management bias and override of controls, including testing of journal entries and other adjustments for appropriateness, evaluating the business rationale of significant transactions outside the normal course of business and reviewing accounting estimates for indicators of potential bias.

Because of the inherent limitations of an audit, there is a risk that we will not detect all irregularities, including those leading to a material misstatement in the financial statements or non-compliance with regulation. This risk increases the more that compliance with a law or regulation is removed from the events and transactions reflected in the financial statements, as we will be less likely to become aware of instances of non-compliance. The risk of not detecting a material misstatement resulting from fraud is higher than for one resulting from error, as fraud may involve collusion, forgery, intentional omissions, misrepresentations, or the override of internal control.

Use of our report

This report is made solely to the company's members, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might state to the company's members those matters we are required to state to them in an auditor's report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and the company's members as a body, for our audit work, for this report, or for the opinions we have formed.

Julie Flintoff BA(Hons) FCA
Senior Statutory Auditor
For and on behalf of Azets Audit Services
13 November 2025
Chartered Accountants
Statutory Auditor
Floor 1, Capital House
8 Pittman Court, Pittman Way
Fulwood
Preston
Lancashire
United Kingdom
PR2 9ZG
TOM PARKER LIMITED
Tom Parker Limited
STATEMENT OF COMPREHENSIVE INCOME
FOR THE YEAR ENDED 30 APRIL 2025
- 8 -
2025
2024
Notes
£
£
Revenue
3
14,696,157
15,086,338
Cost of sales
(7,571,686)
(7,940,171)
Gross profit
7,124,471
7,146,167
Distribution costs
(308,727)
(312,355)
Administrative expenses
(4,774,859)
(4,499,894)
Other operating income
-
0
1,000
Operating profit
4
2,040,885
2,334,918
Investment income
7
14,305
23,293
Finance costs
8
(46,490)
(109,629)
Profit before taxation
2,008,700
2,248,582
Tax on profit
9
(517,843)
(573,944)
Profit for the financial year
1,490,857
1,674,638

The income statement has been prepared on the basis that all operations are continuing operations.

TOM PARKER LIMITED
Tom Parker Limited
STATEMENT OF FINANCIAL POSITION
AS AT
30 APRIL 2025
30 April 2025
- 9 -
2025
2024
Notes
£
£
£
£
Non-current assets
Intangible assets
11
5,760
7,680
Property, plant and equipment
12
1,140,719
1,100,436
1,146,479
1,108,116
Current assets
Inventories
14
2,782,923
2,677,259
Trade and other receivables
15
3,202,946
3,206,469
Cash and cash equivalents
432,760
885,037
6,418,629
6,768,765
Current liabilities
16
(2,280,732)
(3,308,981)
Net current assets
4,137,897
3,459,784
Total assets less current liabilities
5,284,376
4,567,900
Provisions for liabilities
Deferred tax liability
17
120,830
105,930
(120,830)
(105,930)
Net assets
5,163,546
4,461,970
Equity
Called up share capital
20
6,664
6,221
Share premium account
2,009,467
998,729
Revaluation reserve
172,513
177,068
Retained earnings
2,974,902
3,279,952
Total equity
5,163,546
4,461,970
The financial statements were approved by the board of directors and authorised for issue on 13 November 2025 and are signed on its behalf by:
Mr R Parker
Director
Company Registration No. 01068402
TOM PARKER LIMITED
Tom Parker Limited
STATEMENT OF CHANGES IN EQUITY
FOR THE YEAR ENDED 30 APRIL 2025
- 10 -
Share capital
Share premium account
Revaluation reserve
Retained earnings
Total
Notes
£
£
£
£
£
Balance at 1 May 2023
6,221
998,729
181,623
3,455,721
4,642,294
Year ended 30 April 2024:
Profit and total comprehensive income for the year
-
-
-
1,674,638
1,674,638
Dividends
10
-
-
-
(1,854,962)
(1,854,962)
Transfers
-
-
(4,555)
4,555
-
Balance at 30 April 2024
6,221
998,729
177,068
3,279,952
4,461,970
Year ended 30 April 2025:
Profit and total comprehensive income for the year
-
-
-
1,490,857
1,490,857
Issue of share capital
20
443
1,010,738
-
-
1,011,181
Dividends
10
-
-
-
(1,800,462)
(1,800,462)
Transfers
-
-
(4,555)
4,555
-
Balance at 30 April 2025
6,664
2,009,467
172,513
2,974,902
5,163,546
TOM PARKER LIMITED
Tom Parker Limited
STATEMENT OF CASH FLOWS
FOR THE YEAR ENDED 30 APRIL 2025
- 11 -
2025
2024
Notes
£
£
£
£
Cash flows from operating activities
Cash generated from operations
24
1,311,683
2,152,817
Interest paid
(46,490)
(109,629)
Income taxes paid
(741,377)
(510,513)
Net cash inflow from operating activities
523,816
1,532,675
Investing activities
Purchase of intangible assets
-
0
(9,600)
Purchase of property, plant and equipment
(189,614)
(306,421)
Loans made to other entities
(11,503)
-
0
Interest received
14,305
23,293
Net cash used in investing activities
(186,812)
(292,728)
Financing activities
Proceeds from issue of shares
1,011,181
-
0
Dividends paid
(1,800,462)
(1,854,962)
Net cash used in financing activities
(789,281)
(1,854,962)
Net decrease in cash and cash equivalents
(452,277)
(615,015)
Cash and cash equivalents at beginning of year
885,037
1,500,052
Cash and cash equivalents at end of year
432,760
885,037
TOM PARKER LIMITED
Tom Parker Limited
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2025
- 12 -
1
Accounting policies
Company information

Tom Parker Limited is a company limited by shares and incorporated in England and Wales. The address of the registered office and principal place of business is Marsh Lane Mill, Marsh Lane, Preston, Lancashire, PR1 1HY.

The company's principal activities and nature of operations are detailed in the strategic report.

The company is tax resident in the United Kingdom.

1.1
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006.

The financial statements are prepared in Sterling, which is the functional currency of the company.

The financial statements have been prepared under the historical cost convention, modified to include the revaluation of freehold properties. The principal accounting policies adopted are set out below.

Consolidation

In the opinion of the directors, the company and its subsidiary undertaking comprise a medium-sized group. The company has taken advantage of the exemption provided by Section 405(2) of the Companies Act 2006 not to prepare group accounts as G&R Hydraulics and Pneumatics Limited, the wholly owned subsidiary, is immaterial to the group accounts as it has been dormant throughout the current and prior year.

1.2
Going concern

A true t the time of approving the financial statements, t he directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus t he directors continue to adopt the going concern basis of accounting in preparing the financial statements.

1.3
Revenue

Revenue represents the invoice value of goods and services provided during the year, excluding V alue Added Tax. Revenue is recognised when the company becomes entitled to it - usually on dispatch.

1.4
Intangible fixed assets other than goodwill

Intangible assets acquired separately from a business are recognised at cost and are subsequently measured at cost less accumulated amortisation and accumulated impairment losses.

Amortisation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Software
20% Straight Line
1.5
Property, plant and equipment

Property, plant and equipment are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

TOM PARKER LIMITED
Tom Parker Limited
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 APRIL 2025
1
Accounting policies
(Continued)
- 13 -

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Freehold land and buildings
2% Straight Line
Plant and machinery
20% Reducing Balance
Fixtures, fittings & equipment
20% Reducing Balance
Motor vehicles
25% Reducing Balance

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

1.6
Impairment of non-current assets

At each reporting period end date, the company reviews the carrying amounts of its tangible and intangible assets to determine whether there is any indication that those assets have suffered an impairment loss. If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss (if any). Where it is not possible to estimate the recoverable amount of an individual asset, the company estimates the recoverable amount of the cash-generating unit to which the asset belongs.

Recoverable amount is the higher of fair value less costs to sell and value in use. In assessing value in use, the estimated future cash flows are discounted to their present value using a pre-tax discount rate that reflects current market assessments of the time value of money and the risks specific to the asset for which the estimates of future cash flows have not been adjusted.

If the recoverable amount of an asset (or cash-generating unit) is estimated to be less than its carrying amount, the carrying amount of the asset (or cash-generating unit) is reduced to its recoverable amount. An impairment loss is recognised immediately in profit or loss, unless the relevant asset is carried at a revalued amount, in which case the impairment loss is treated as a revaluation decrease.

Recognised impairment losses are reversed if, and only if, the reasons for the impairment loss have ceased to apply. Where an impairment loss subsequently reverses, the carrying amount of the asset (or cash-generating unit) is increased to the revised estimate of its recoverable amount, but so that the increased carrying amount does not exceed the carrying amount that would have been determined had no impairment loss been recognised for the asset (or cash-generating unit) in prior years. A reversal of an impairment loss is recognised immediately in profit or loss, unless the relevant asset is carried at a revalued amount, in which case the reversal of the impairment loss is treated as a revaluation increase.

1.7
Inventories

Inventories are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost comprises of direct materials.

At each reporting date, an assessment is made for impairment. Any excess of the carrying amount of inventories over its estimated selling price less costs to complete and sell is recognised as an impairment loss in profit or loss. Reversals of impairment losses are also recognised in profit or loss.

1.8
Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand and deposits held at call with banks.

TOM PARKER LIMITED
Tom Parker Limited
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 APRIL 2025
1
Accounting policies
(Continued)
- 14 -
1.9
Financial instruments

The company has financial assets (debtors, cash and bank balances) and liabilities (creditors and accruals) of a kind that qualify as basic financial instruments. They are initially recognised at transaction value and subsequently measured at their settlement value.

Derivatives are initially recognised at fair value at the date a derivative contract is entered into and are subsequently remeasured to fair value at each reporting end date. The resulting gain or loss is recognised in profit or loss immediately.

A derivative with a positive fair value is recognised as a financial asset, whereas a derivative with a negative fair value is recognised as a financial liability.

The company enters into foreign exchange forward contracts in order to manage its exposure to foreign exchange risk.

1.10
Equity instruments

Equity instruments issued by the company are recorded at the proceeds received, net of transaction costs. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the company.

1.11
Taxation

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

Current tax

The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the income statement because it excludes items of income or expense that are taxable or deductible in other years and it further excludes 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 reporting end date.

Deferred tax

Deferred tax liabilities are generally recognised for all timing differences and deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Such assets and liabilities are not recognised if the timing difference arises from goodwill or from the initial recognition of other assets and liabilities in a transaction that affects neither the tax profit nor the accounting profit.

Deferred tax is calculated at the tax rates that are expected to apply in the period when the liability is settled or the asset is realised. Deferred tax is charged or credited in the income statement, except when it relates to items charged or credited directly to equity, in which case the deferred tax is also dealt with in equity. Deferred tax assets and liabilities are offset when the company has a legally enforceable right to offset current tax assets and liabilities and the deferred tax assets and liabilities relate to taxes levied by the same tax authority.

1.12
Employee benefits

The costs of short-term employee benefits are recognised as a liability and an expense, unless those costs are required to be recognised as part of the cost of stock or non-current assets.

The cost of any unused holiday entitlement is recognised in the period in which the employee’s services are received.

1.13
Retirement benefits

Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.

TOM PARKER LIMITED
Tom Parker Limited
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 APRIL 2025
1
Accounting policies
(Continued)
- 15 -
1.14
Leases

Rentals payable under operating leases, including any lease incentives received, are charged to profit or loss on a straight line basis over the term of the relevant lease except where another more systematic basis is more representative of the time pattern in which economic benefits from the lease s asset are consumed.

Rental income from operating leases is recognised on a straight line basis over the term of the relevant lease.

1.15
Foreign exchange

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 the transaction.

2
Judgements and key sources of estimation uncertainty

In the application of the company’s accounting policies, the directors are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.

Critical judgements

The following judgements (apart from those involving estimates) have had the most significant effect on amounts recognised in the financial statements.

Inventory Provision

Inventory provisions include obsolescence and write downs which take into account historical information related to sales and represent the expected write down between the estimated net realisable value and the original cost. Net realisable value represents the estimated selling price less all estimated costs to be incurred in marketing, selling and distribution.

TOM PARKER LIMITED
Tom Parker Limited
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 APRIL 2025
- 16 -
3
Revenue

An analysis of the company's revenue is as follows:

2025
2024
£
£
Revenue analysed by class of business
Sale of goods
14,696,157
15,086,338
2025
2024
£
£
Other significant revenue
Interest income
14,305
23,293
2025
2024
£
£
Revenue analysed by geographical market
United Kingdom
14,408,378
14,798,590
Overseas
287,779
287,748
14,696,157
15,086,338
4
Operating profit
2025
2024
Operating profit for the year is stated after charging:
£
£
Fees payable to the company's auditor for the audit of the company's financial statements
14,000
12,500
Depreciation of owned property, plant and equipment
146,489
122,745
Loss on disposal of property, plant and equipment
2,842
-
Amortisation of intangible assets
1,920
4,800
Operating lease charges
219,362
216,450
5
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

2025
2024
Number
Number
Management staff/directors
11
11
Sales staff
22
22
Administrative staff
20
20
Distribution staff
14
14
Production staff
7
7
Total
74
74
TOM PARKER LIMITED
Tom Parker Limited
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 APRIL 2025
5
Employees
(Continued)
- 17 -

Their aggregate remuneration comprised:

2025
2024
£
£
Wages and salaries
2,978,140
2,921,767
Social security costs
366,777
308,762
Pension costs
105,325
83,152
3,450,242
3,313,681
6
Directors' remuneration
2025
2024
£
£
Remuneration for qualifying services
533,894
585,337
Remuneration disclosed above include the following amounts paid to the highest paid director:
2025
2024
£
£
Remuneration for qualifying services
248,980
276,434
7
Investment income
2025
2024
£
£
Interest income
Interest on bank deposits
14,305
20,043
Other interest income
-
0
3,250
Total income
14,305
23,293
2025
2024
Investment income includes the following:
£
£
Interest on financial assets not measured at fair value through profit or loss
14,305
20,043
TOM PARKER LIMITED
Tom Parker Limited
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 APRIL 2025
- 18 -
8
Finance costs
2025
2024
£
£
Interest on financial liabilities measured at amortised cost:
Interest on loans
42,804
109,493
Other interest on financial liabilities
3,686
136
46,490
109,629
9
Taxation
2025
2024
£
£
Current tax
UK corporation tax on profits for the current period
502,943
510,132
Deferred tax
Origination and reversal of timing differences
14,900
63,812
Total tax charge
517,843
573,944

The actual charge for the year can be reconciled to the expected charge for the year based on the profit or loss and the standard rate of tax as follows:

2025
2024
£
£
Profit before taxation
2,008,700
2,248,582
Expected tax charge based on the standard rate of corporation tax in the UK of 25.00% (2024: 25.00%)
502,175
562,146
Tax effect of expenses that are not deductible in determining taxable profit
6,254
6,044
Depreciation on assets not qualifying for tax allowances
9,414
5,754
Taxation charge for the year
517,843
573,944
10
Dividends
2025
2024
£
£
Final paid
1,800,462
1,854,962
TOM PARKER LIMITED
Tom Parker Limited
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 APRIL 2025
- 19 -
11
Intangible fixed assets
Software
£
Cost
At 1 May 2024 and 30 April 2025
88,942
Amortisation and impairment
At 1 May 2024
81,262
Amortisation charged for the year
1,920
At 30 April 2025
83,182
Carrying amount
At 30 April 2025
5,760
At 30 April 2024
7,680
12
Property, plant and equipment
Freehold land and buildings
Plant and machinery
Fixtures, fittings & equipment
Motor vehicles
Total
£
£
£
£
£
Cost
At 1 May 2024
1,015,679
768,480
243,010
184,472
2,211,641
Additions
25,541
156,413
7,660
-
0
189,614
Disposals
-
0
-
0
-
0
(21,296)
(21,296)
At 30 April 2025
1,041,220
924,893
250,670
163,176
2,379,959
Depreciation and impairment
At 1 May 2024
249,614
522,091
232,463
107,037
1,111,205
Depreciation charged in the year
26,253
91,418
8,278
20,540
146,489
Eliminated in respect of disposals
-
0
-
0
-
0
(18,454)
(18,454)
At 30 April 2025
275,867
613,509
240,741
109,123
1,239,240
Carrying amount
At 30 April 2025
765,353
311,384
9,929
54,053
1,140,719
At 30 April 2024
766,065
246,389
10,547
77,435
1,100,436
13
Fixed asset investments

The company has a wholly owned subsidiary incorporated in England and Wales, G and R Hydraulics and Pneumatics Limited, which was dormant throughout the current and previous year. At 30 April 2025 the accounts showed a profit before tax of £Nil and shareholder's fund of £Nil.

TOM PARKER LIMITED
Tom Parker Limited
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 APRIL 2025
- 20 -
14
Inventories
2025
2024
£
£
Finished goods and goods for resale
2,782,923
2,677,259
15
Trade and other receivables
2025
2024
Amounts falling due within one year:
£
£
Trade receivables
2,973,293
3,097,407
Other receivables
184,308
42,640
Prepayments and accrued income
45,345
66,422
3,202,946
3,206,469
16
Current liabilities
2025
2024
£
£
Trade payables
668,814
651,814
Corporation tax
80,255
318,689
Other taxation and social security
448,146
413,605
Other payables
735,247
1,416,209
Accruals and deferred income
348,270
508,664
2,280,732
3,308,981
17
Deferred taxation

Deferred tax assets and liabilities are offset where the company has a legally enforceable right to do so. The following is the analysis of the deferred tax balances (after offset) for financial reporting purposes:

Liabilities
Liabilities
2025
2024
Balances:
£
£
Accelerated capital allowances
120,830
105,930
2025
Movements in the year:
£
Liability at 1 May 2024
105,930
Charge to profit or loss
14,900
Liability at 30 April 2025
120,830
TOM PARKER LIMITED
Tom Parker Limited
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 APRIL 2025
- 21 -
18
Provisions for liabilities
2025
2024
£
£
Deferred tax liabilities
17
120,830
105,930
120,830
105,930
19
Retirement benefit schemes
2025
2024
Defined contribution schemes
£
£
Charge to profit or loss in respect of defined contribution schemes
105,325
83,152

The company operates a defined contribution pension scheme for all qualifying employees. The assets of the scheme are held separately from those of the company in an independently administered fund.

20
Share capital
2025
2024
£
£
Ordinary share capital
Issued and fully paid
1,588 Ordinary A Shares of £1 each
1,588
1,145
750 Ordinary B Shares of £1 each
750
750
750 Ordinary C Shares of £1 each
750
750
750 Ordinary D Shares of £1 each
750
750
75 Ordinary E Shares of £1 each
75
75
225 Ordinary F Shares of £1 each
225
225
225 Ordinary G Shares of £1 each
225
225
75 Ordinary H Shares of £1 each
75
75
2,226 Ordinary I Shares of £1 each
2,226
2,226
6,664
6,221

The company has nine classes of ordinary shares which carry no right to fixed income. On 26 June 2024 the company issued 443 Ordinary A shares for £2,282.5751 per share.

TOM PARKER LIMITED
Tom Parker Limited
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 APRIL 2025
- 22 -
21
Operating lease commitments
Lessee

At the reporting end date the company had outstanding commitments for future minimum lease payments under non-cancellable operating leases, which fall due as follows:

2025
2024
£
£
Within one year
211,828
210,588
Between two and five years
195,733
163,802
In over five years
288,000
320,000
695,561
694,390
22
Related party transactions

202 5 20 24

£ £

Interest on loans from related entities - 9,600

Leases from related entities 78,450 78,450

Loans from directors and shareholders 709,161 1,345,983

Interest on loans from directors and shareholders 42,695 99,421

23
Directors' transactions

Dividends totalling £1,418,170 (2024 - £1,438,170) were paid in the year in respect of shares held by the company's directors.

During the year the company provided an interest free loan to a director totalling £11,503 No amounts were repaid, waived or written off.

TOM PARKER LIMITED
Tom Parker Limited
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 APRIL 2025
- 23 -
24
Cash generated from operations
2025
2024
£
£
Profit for the year after tax
1,490,857
1,674,638
Adjustments for:
Taxation charged
517,843
573,944
Finance costs
46,490
109,629
Investment income
(14,305)
(23,293)
Loss on disposal of property, plant and equipment
2,842
-
Amortisation and impairment of intangible assets
1,920
4,800
Depreciation and impairment of property, plant and equipment
146,489
122,745
Movements in working capital:
(Increase)/decrease in inventories
(105,664)
451,993
Decrease/(increase) in trade and other receivables
15,026
(28,353)
Decrease in trade and other payables
(789,815)
(733,286)
Cash generated from operations
1,311,683
2,152,817
25
Analysis of changes in net funds
1 May 2024
Cash flows
30 April 2025
£
£
£
Cash at bank and in hand
885,037
(452,277)
432,760
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