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Registered number: 10646552
Keith Parker Fabrications Ltd
Unaudited Financial Statements
For The Year Ended 31 March 2025
GC Accountancy Management Service Ltd
c/o GCAMS, Jubilee House
3 The Drive
Great Warley
Essex
CM13 3FR
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 10646552
2025 2024
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 19,206 5,461
Investments 5 425 425
19,631 5,886
CURRENT ASSETS
Stocks 6 58,611 55,278
Debtors 7 43,528 16,913
102,139 72,191
Creditors: Amounts Falling Due Within One Year 8 (117,846 ) (71,805 )
NET CURRENT ASSETS (LIABILITIES) (15,707 ) 386
TOTAL ASSETS LESS CURRENT LIABILITIES 3,924 6,272
Creditors: Amounts Falling Due After More Than One Year 9 (8,400 ) (15,600 )
NET LIABILITIES (4,476 ) (9,328 )
CAPITAL AND RESERVES
Called up share capital 10 4 4
Profit and Loss Account (4,480 ) (9,332 )
SHAREHOLDERS' FUNDS (4,476) (9,328)
Page 1
Page 2
For the year ending 31 March 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr Keith Parker
Director
11/12/2025
The notes on pages 3 to 5 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Keith Parker Fabrications Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 10646552 . The registered office is Howes Farm, Doddinghurst Road, Essex, Brentwood, CM15 0SG.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Plant & Machinery 25% on reducing balance
Motor Vehicles 25% on reducing balance
2.4. Stocks and Work in Progress
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 stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 2 (2024: 2)
2 2
4. Tangible Assets
Plant & Machinery Motor Vehicles Total
£ £ £
Cost
As at 1 April 2024 9,186 10,083 19,269
Additions 20,148 - 20,148
As at 31 March 2025 29,334 10,083 39,417
Depreciation
As at 1 April 2024 5,071 8,737 13,808
Provided during the period 6,066 337 6,403
As at 31 March 2025 11,137 9,074 20,211
...CONTINUED
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Net Book Value
As at 31 March 2025 18,197 1,009 19,206
As at 1 April 2024 4,115 1,346 5,461
5. Investments
Listed
£
Cost or Valuation
As at 1 April 2024 425
As at 31 March 2025 425
Provision
As at 1 April 2024 -
As at 31 March 2025 -
Net Book Value
As at 31 March 2025 425
As at 1 April 2024 425
6. Stocks
2025 2024
£ £
Stock 58,611 55,278
7. Debtors
2025 2024
£ £
Due within one year
Trade debtors 41,043 15,649
VAT 2,485 1,264
43,528 16,913
8. Creditors: Amounts Falling Due Within One Year
2025 2024
£ £
Trade creditors 23,519 8,563
Bank loans and overdrafts 16,672 13,737
Other taxes and social security 1,341 810
Accruals and deferred income 585 1,800
Director's loan account 75,729 46,895
117,846 71,805
9. Creditors: Amounts Falling Due After More Than One Year
2025 2024
£ £
Bank loans 8,400 15,600
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10. Share Capital
2025 2024
£ £
Allotted, Called up and fully paid 4 4
Page 5