Parker Electrical (Environmental) Limited

(Registration number: 07127777)
Abridged Balance Sheet as at 31 July 2025

	Note	2025 £	2024 £
Fixed assets
Tangible assets	5	137,973	139,055
Current assets
Stocks	6	64,212	51,835
Debtors		914,949	1,100,654
Cash at bank and in hand		1,491,023	934,759
		2,470,184	2,087,248
Prepayments and accrued income		8,958	8,845
Creditors: Amounts falling due within one year	7.1	(538,530)	(408,247)
Net current assets		1,940,612	1,687,846
Total assets less current liabilities		2,078,585	1,826,901
Creditors: Amounts falling due after more than one year	7.2	(12,499)	(62,542)
Accruals and deferred income		(14,115)	(22,462)
Net assets		2,051,971	1,741,897
Capital and reserves
Called up share capital	9	100	100
Retained earnings		2,051,871	1,741,797
Shareholders' funds		2,051,971	1,741,897

For the financial year ending 31 July 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

•	The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and
•	The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

All of the company’s members have consented to the preparation of an Abridged Balance Sheet in accordance with Section 444(2A) of the Companies Act 2006.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 27 April 2026, and confirmed on the Board's behalf by:
 

L C Parker Director

Parker Electrical (Environmental) Limited

Notes to the Unaudited Abridged Financial Statements
for the Year Ended 31 July 2025

1	General information

The company is a private company limited by share capital, incorporated in England and Wales, company number 07127777.

The address of its registered office is 62 Woodhey Road, Holcombe brook, Ramsbottom, Bury, BL0 9RB. The company's trading address is Unit 1, Ramsbottom Mill, Crow Lane, Ramsbottom, BL0 9BR.

These financial statements were authorised for issue by the Board on 27 April 2026.

2	Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial accounts are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These abridged financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These abridged financial accounts have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Turnover

Turnover represents the invoiced value of sales of goods and services, net of value added tax, recognised on shipment or provision respectively.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class	Depreciation method and rate
Plant and machinery	15% reducing balance method
Fixtures and fittings	15% reducing balance method
Motor vehicles	20% straight line method

Goodwill

Goodwill is initially recognised as an asset at cost and is subsequently measured at cost less accumulated amortisation and accumulated impairment losses and is amortised over its useful life, which shall not exceed ten years if a reliable estimate of the useful life cannot be made.

Amortisation

Amortisation is provided on intangible assets so as to write off the cost, less any estimated residual value, over their useful life as follows:

Asset class	Amortisation method and rate
Goodwill	10% straight line method

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell.

The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the stocks to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are impaired, the carrying amount is reduced to its selling price less costs to complete and sell.

Parker Electrical (Environmental) Limited

Notes to the Unaudited Abridged Financial Statements
for the Year Ended 31 July 2025

Leases

Leases in which substantially all the risks and rewards of ownership are retained by the lessor are classified as operating leases. Payments made under operating leases are charged to profit or loss on a straight-line basis over the period of the lease.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

3	Staff numbers

The average number of persons employed by the company (including directors) during the year, was 16 (2024 - 14).

4	Intangible assets

	Total £
Cost or valuation
At 1 August 2024	10,000
At 31 July 2025	10,000
Amortisation
At 1 August 2024	10,000
At 31 July 2025	10,000
Carrying amount
At 31 July 2025	-

Parker Electrical (Environmental) Limited

Notes to the Unaudited Abridged Financial Statements
for the Year Ended 31 July 2025

5	Fixed assets

	Total £
Cost or valuation
At 1 August 2024	323,544
Additions	12,310
At 31 July 2025	335,854
Depreciation
At 1 August 2024	184,489
Charge for the year	13,392
At 31 July 2025	197,881
Carrying amount
At 31 July 2025	137,973
At 31 July 2024	139,055

6

Stocks

	2025 £	2024 £
Work in progress	21,658	18,013
Finished goods	42,554	33,822
	64,212	51,835

7

Creditors

Creditors: amounts falling due within one year

Creditors include net obligations under hire purchase contracts and loans and borrowings which are secured of £50,000 (2024- £50,000).

Creditors: amounts falling due after more than one year

Creditors include net obligations under hire purchase contracts and loans and borrowings which are secured of £12,499 (2024 - £62,542).

8

Security

Barclays Bank UK PLC (with Barclays Security Trustee Limited being the security trustee) hold a debenture dated 22 September 2020 giving a charge over the debts and fixed and floating charges over property and fixtures which are now owned, or become owned in the future.

Amounts due under hire purchase agreements and finance leases are secured on the asset to which they relate.

Parker Electrical (Environmental) Limited

Notes to the Unaudited Abridged Financial Statements
for the Year Ended 31 July 2025

9	Share capital

Allotted, called up and fully paid shares

	2025		2024
	No.	£	No.	£
Ordinary shares of £1 each	100	100	100	100

10	Financial commitments, guarantees and contingencies

Amounts disclosed in the balance sheet

Included in the balance sheet are employer pension contributions paid after date of £889 (2024 - £814).

11	Related parties

The directors have a joint loan account with the company. Although the loan account was in credit at the start and end of the year, it was overdrawn to a maximum of £182,168 in the year (2024 - £505,500). During the year the company made total advances to them (including cash advances and interest charged) of £219,413 and received credits from them (including dividends) of £220,841. Interest at a commercial basis has been charged on this loan and the loan is repayable on demand.

Included in debtors is a loan of £655,124 (2024 - £655,124) owed by Peel Pump Properties Limited, a company wholly-owned and controlled by the directors. No interest is charged on this loan and it is repayable on demand.