REGISTERED NUMBER: 00405984 (England and Wales)

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31ST MARCH 2025

FOR

PHIL PARKER LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

Mr W J Watson

REGISTERED OFFICE:

The Oak House

Paddock Way

Ashley Green

Chesham

Buckinghamshire

HP5 3RE

REGISTERED NUMBER:

00405984 (England and Wales)

ACCOUNTANTS:

Meades Group Limited

39 The Metro Centre

Tolpits Lane

Watford

Hertfordshire

WD18 9SB

FIXED ASSETS

Tangible assets

4

8,958

10,539

CURRENT ASSETS

Stocks

710,001

676,799

Debtors

5

126,295

107,821

Cash at bank and in hand

157,683

215,124

993,979

999,744

CREDITORS

Amounts falling due within one year

6

247,390

281,900

NET CURRENT ASSETS

746,589

717,844

TOTAL ASSETS LESS CURRENT LIABILITIES

755,547

728,383

PROVISIONS FOR LIABILITIES

1,266

1,568

NET ASSETS

754,281

726,815

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

754,181

726,715

754,281

726,815

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 director acknowledges his 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 1st December 2025 and were signed by:

Mr W J Watson - Director

1.	STATUTORY INFORMATION

Phil Parker 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.

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

-

15% on reducing balance

Fixtures and fittings

-

15% 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.

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 7 (2024 - 7 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

Plant and

and

machinery

fittings

Totals

£

£

£

COST

At 1st April 2024

and 31st March 2025

56,780

11,919

68,699

DEPRECIATION

At 1st April 2024

50,736

7,424

58,160

Charge for year

907

674

1,581

At 31st March 2025

51,643

8,098

59,741

NET BOOK VALUE

At 31st March 2025

5,137

3,821

8,958

At 31st March 2024

6,044

4,495

10,539

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

63,122

38,178

Amounts owed by group undertakings

41,030

40,000

Other debtors

12,500

20,000

Prepayments

9,643

9,643

126,295

107,821

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade creditors

167,770

153,492

Amounts owed to group undertakings

-

50,000

Corporation tax

26,997

18,089

Social security and other taxes

1,340

1,653

VAT

31,900

39,620

Credit card balances

1,944

1,425

Pension contributions payable

257

621

Director's curr accs less 1yr

182

-

Accruals and deferred income

17,000

17,000

247,390

281,900

7.	DIRECTOR'S 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 W J Watson

Balance outstanding at start of year

-

4,602

Amounts repaid

-

(4,602

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

-

-

The director's current account balance has no fixed date for repayment, is repayable on demand and is non-interest bearing.