L. Pardoe & Son (Iverley) Limited - Accounts to registrar (filleted)

REGISTERED NUMBER: 00843098 (England and Wales)

L. PARDOE & SON (IVERLEY) LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

Page

Company Information

1

Chartered Accountants' Report

2

Statement of Financial Position

3

Notes to the Financial Statements

5

DIRECTORS:

Mrs. B. Pardoe

Mr. B.M. Pardoe

Mr. A.L. Pardoe

Mr. D. Pardoe

Mrs E.L. Bingham

SECRETARY:

Mr. B.M. Pardoe

REGISTERED OFFICE:

'Iverley Park Farm'

Iverley

Stourbridge

West Midlands

DY7 6PU

REGISTERED NUMBER:

00843098 (England and Wales)

ACCOUNTANTS:

Folkes Worton LLP

15-17 Church Street

Stourbridge

West Midlands

DY8 1LU

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Statement of Financial Position. Readers are cautioned that the Statement of Comprehensive Income and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of L. Pardoe & Son (Iverley) Limited for the year ended 31 March 2025 which comprise the Income Statement, Statement of Financial Position, Statement of Changes in Equity and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of L. Pardoe & Son (Iverley) Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of L. Pardoe & Son (Iverley) Limited and state those matters that we have agreed to state to the Board of Directors of L. Pardoe & Son (Iverley) Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than L. Pardoe & Son (Iverley) Limited and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that L. Pardoe & Son (Iverley) Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and loss of L. Pardoe & Son (Iverley) Limited. You consider that L. Pardoe & Son (Iverley) Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of L. Pardoe & Son (Iverley) Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

Folkes Worton LLP

15-17 Church Street

Stourbridge

West Midlands

DY8 1LU

3 December 2025

FIXED ASSETS

Tangible assets

4

430,843

430,208

CURRENT ASSETS

Stocks

67,315

77,869

Debtors

5

105,630

43,024

Cash at bank and in hand

92,652

139,658

265,597

260,551

CREDITORS

Amounts falling due within one year

6

170,493

144,068

NET CURRENT ASSETS

95,104

116,483

TOTAL ASSETS LESS CURRENT
LIABILITIES

525,947

546,691

CREDITORS

Amounts falling due after more than one
year

7

-

(16,669

)

PROVISIONS FOR LIABILITIES

(18,903

)

(17,530

)

NET ASSETS

507,044

512,492

CAPITAL AND RESERVES

Called up share capital

1,002

Retained earnings

506,042

511,490

SHAREHOLDERS' FUNDS

507,044

512,492

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 3 December 2025 and were signed on its behalf by:

Mr. B.M. Pardoe - Director

1.	STATUTORY INFORMATION

L. Pardoe & Son (Iverley) 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 represents net sales of goods/services, excluding value added tax

Tangible fixed assets

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

Freehold property

-

2% on cost

Plant and machinery

-

10% on cost

Fixtures and fittings

-

10% on cost

Motor vehicles

-

25% on cost

Computer equipment

-

25% on cost

Stocks

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

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 statement of financial position date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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 5 (2024 - 5 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

Freehold

Plant and

and

property

machinery

fittings

£

COST

At 1 April 2024

478,813

482,202

3,282

Additions

13,680

17,573

-

Disposals

-

(4,841

)

-

At 31 March 2025

492,493

494,934

3,282

DEPRECIATION

At 1 April 2024

186,537

344,356

3,282

Charge for year

10,864

19,668

-

Eliminated on disposal

-

(4,841

)

-

At 31 March 2025

197,401

359,183

3,282

NET BOOK VALUE

At 31 March 2025

295,092

135,751

-

At 31 March 2024

292,276

137,846

-

Motor

Computer

vehicles

equipment

Totals

£

COST

At 1 April 2024

7,250

757

972,304

Additions

-

31,253

Disposals

-

(4,841

)

At 31 March 2025

7,250

757

998,716

DEPRECIATION

At 1 April 2024

7,250

671

542,096

Charge for year

-

86

30,618

Eliminated on disposal

-

(4,841

)

At 31 March 2025

7,250

757

567,873

NET BOOK VALUE

At 31 March 2025

-

430,843

At 31 March 2024

-

86

430,208

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

Trade debtors

77,690

37,877

Other debtors

24,000

-

VAT

3,002

4,119

Prepayments and accrued income

938

1,028

105,630

43,024

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

Bank loans and overdrafts

-

10,000

Trade creditors

89,838

53,694

Other creditors

488

-

Directors' loan accounts

74,058

74,382

Accruals

6,109

5,992

170,493

144,068

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR

2025

2024

£

Bank loans - 1-2 years

-

10,000

Bank loans due after one year

-

6,669

-

16,669

8.	ULTIMATE CONTROLLING PARTY

No single individual exerts full control over the company.