REGISTERED NUMBER: 05438789 (England and Wales)

PARACHUTE CONTRACTOR SERVICES LTD

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

S Read

G Read

SECRETARY:

G Read

REGISTERED OFFICE:

106 Old Station Road

Hampton in Arden

Solihull

West Midlands

B92 0HF

REGISTERED NUMBER:

05438789 (England and Wales)

ACCOUNTANTS:

Sephton & Company LLP

Chartered Certified Accountants

Marston House

5 Elmdon Lane

Marston Green

Solihull

West Midlands

B37 7DL

FIXED ASSETS

Tangible assets

4

18,626

21,931

CURRENT ASSETS

Debtors

5

12,600

24,092

Cash at bank

3,009

778

15,609

24,870

CREDITORS

Amounts falling due within one year

6

75,962

68,312

NET CURRENT LIABILITIES

(60,353

)

(43,442

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(41,727

)

(21,511

)

CREDITORS

Amounts falling due after more than one year

7

9,373

19,498

NET LIABILITIES

(51,100

)

(41,009

)

CAPITAL AND RESERVES

Called up share capital

4

4

Retained earnings

(51,104

)

(41,013

)

SHAREHOLDERS' FUNDS

(51,100

)

(41,009

)

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 23 December 2025 and were signed on its behalf by:

S Read - Director

1.	STATUTORY INFORMATION

Parachute Contractor Services Ltd 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

-

15% on reducing balance

Fixtures and fittings

-

15% on cost

Motor vehicles

-

25% on reducing balance

Computer equipment

-

33% on cost

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.

Going concern

The directors have assessed the ability of the company to continue trading for a minimum period of 12 months from the date of authorising the financial statements. The directors are satisfied that it remains appropriate for the financial statements to be prepared on a going concern basis.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2024 - 2 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

Plant and

and

Motor

Computer

machinery

fittings

vehicles

equipment

Totals

£

£

£

£

£

COST

At 1 April 2024

11,005

21,809

17,513

4,229

54,556

Additions

-

-

-

598

598

At 31 March 2025

11,005

21,809

17,513

4,827

55,154

DEPRECIATION

At 1 April 2024

6,852

8,188

13,358

4,227

32,625

Charge for year

622

2,042

1,038

201

3,903

At 31 March 2025

7,474

10,230

14,396

4,428

36,528

NET BOOK VALUE

At 31 March 2025

3,531

11,579

3,117

399

18,626

At 31 March 2024

4,153

13,621

4,155

2

21,931

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31/3/25

31/3/24

£

£

Trade debtors

12,600

-

Other debtors

-

24,092

12,600

24,092

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31/3/25

31/3/24

£

£

Bank loans and overdrafts

10,149

10,149

Trade creditors

43

131

Taxation and social security

2,225

152

Other creditors

63,545

57,880

75,962

68,312

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31/3/25

31/3/24

£

£

Bank loans

9,373

19,498