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Registration number: 10439825

Parry Catering Equipment (Midlands) Ltd
Unaudited Filleted Financial Statements
for the Year Ended 28 February 2026

Parry Catering Equipment (Midlands) Ltd

Contents

Company Information | 1
Balance Sheet | 2 to 3
Notes to the Unaudited Financial Statements | 4 to 10

Parry Catering Equipment (Midlands) Ltd

Company Information

Director | Mr MW Banton

Registered office | The New Factory Town End Road Draycott Derbyshire DE72 3PT

Accountants | DJM Accountants & Consultancy Limited 71-75 Shelton Street Covent Garden London WC2H 9JQ

Parry Catering Equipment (Midlands) Ltd

(Registration number: 10439825)
Balance Sheet as at 28 February 2026

| Note | 2026 £ | 2025 £
Fixed assets |  |  |
Intangible assets | 4 | 2,682,490 | 2,391,960
Tangible assets | 5 | 240,282 | 302,641
|  | 2,922,772 | 2,694,601
Current assets |  |  |
Stocks | 6 | 739,657 | 686,661
Debtors | 7 | 1,277,461 | 887,324
Cash at bank and in hand |  | 226,373 | 605,678
|  | 2,243,491 | 2,179,663
Creditors: Amounts falling due within one year | 8 | (1,181,900) | (1,215,559)
Net current assets |  | 1,061,591 | 964,104
Total assets less current liabilities |  | 3,984,363 | 3,658,705
Creditors: Amounts falling due after more than one year | 8 | (453,915) | (131,007)
Provisions for liabilities |  | (138,306) | (121,780)
Net assets |  | 3,392,142 | 3,405,918
Capital and reserves |  |  |
Called up share capital | 9 | 400,000 | 400,000
Retained earnings |  | 2,992,142 | 3,005,918
Shareholders' funds |  | 3,392,142 | 3,405,918

For the financial year ending 28 February 2026 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's 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 director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

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 director has not delivered to the registrar a copy of the Profit and Loss Account.

Parry Catering Equipment (Midlands) Ltd

(Registration number: 10439825)
Balance Sheet as at 28 February 2026

Approved and authorised by the director on 6 May 2026

Mr MW Banton Director

Parry Catering Equipment (Midlands) Ltd

Notes to the Unaudited Financial Statements for the Year Ended 28 February 2026

1 | General information

The company is a private company limited by share capital, incorporated in England.

The address of its registered office is:
The New Factory Town End Road
Draycott
Derbyshire
DE72 3PT

These financial statements were authorised for issue by the director on 6 May 2026.

2 | Accounting policies

Summary of significant accounting policies and key accounting estimates

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

Statement of compliance

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

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.
The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Foreign currency transactions and balances

Transactions in foreign currencies are initially recorded at the functional currency rate prevailing at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are retranslated into the respective functional currency of the entity at the rates prevailing on the reporting period date. Non-monetary items carried at fair value that are denominated in foreign currencies are retranslated at the rate on the date when the fair value is re-measured.
Non-monetary items measured in terms of historical cost in a foreign currency are not retranslated.

Parry Catering Equipment (Midlands) Ltd

Notes to the Unaudited Financial Statements for the Year Ended 28 February 2026

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 | 20% on costs
Fixtures and fittings | 25% on costs
Motor vehicles | 25% on costs
Equipment | 10% on costs

Goodwill

Goodwill arising on the acquisition of an entity represents the excess of the cost of acquisition over the company’s interest in the net fair value of the identifiable assets, liabilities and contingent liabilities of the entity recognised at the date of acquisition. Goodwill is initially recognised as an asset at cost and is subsequently measured at cost less accumulated amortisation and accumulated impairment losses. Goodwill is held in the currency of the acquired entity and revalued to the closing rate at each reporting period date. Goodwill 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 | amortised evenly over 10 years
Development costs | amortised evenly over 10 and 15 years

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.
Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Parry Catering Equipment (Midlands) Ltd

Notes to the Unaudited Financial Statements for the Year Ended 28 February 2026

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method.
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 inventories 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; the impairment loss is recognised immediately in profit or loss.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.
Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Provisions

Provisions are recognised when the company has an obligation at the reporting date as a result of a past event, it is probable that the company will be required to settle that obligation and a reliable estimate can be made of the amount of the obligation.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

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 the director) during the year, was 47 (2025 - 49).

Parry Catering Equipment (Midlands) Ltd

Notes to the Unaudited Financial Statements for the Year Ended 28 February 2026

4 | Intangible assets

| Goodwill £ | Development costs £ | Total £
Cost or valuation
At 1 March 2025 | 20,000 | 3,912,790 | 3,932,790
Additions acquired separately | - | 680,961 | 680,961
At 28 February 2026 | 20,000 | 4,593,751 | 4,613,751
Amortisation
At 1 March 2025 | 16,500 | 1,524,331 | 1,540,831
Amortisation charge | 2,000 | 388,430 | 390,430
At 28 February 2026 | 18,500 | 1,912,761 | 1,931,261
Carrying amount
At 28 February 2026 | 1,500 | 2,680,990 | 2,682,490
At 28 February 2025 | 3,500 | 2,388,460 | 2,391,960

The company has not capitalised all the expenditure this year due to deteriorating market conditions.

Parry Catering Equipment (Midlands) Ltd

Notes to the Unaudited Financial Statements for the Year Ended 28 February 2026

5 | Tangible assets

| Fixtures and fittings £ | Plant and machinery £ | Tooling Equipment £ | Motor vehicles £
Cost or valuation
At 1 March 2025 | 278,279 | 227,908 | 642,170 | 29,950
Additions | 36,542 | - | - | -
At 28 February 2026 | 314,821 | 227,908 | 642,170 | 29,950
Depreciation
At 1 March 2025 | 216,055 | 209,619 | 439,644 | 10,347
Charge for the year | 31,201 | 8,246 | 53,717 | 5,738
At 28 February 2026 | 247,256 | 217,865 | 493,361 | 16,085
Carrying amount
At 28 February 2026 | 67,565 | 10,043 | 148,809 | 13,865
At 28 February 2025 | 62,224 | 18,289 | 202,525 | 19,603

| Total £
Cost or valuation
At 1 March 2025 | 1,178,307
Additions | 36,542
At 28 February 2026 | 1,214,849
Depreciation
At 1 March 2025 | 875,665
Charge for the year | 98,902
At 28 February 2026 | 974,567
Carrying amount
At 28 February 2026 | 240,282
At 28 February 2025 | 302,641

6 | Stocks

| 2026 £ | 2025 £
Raw materials and consumables | 411,954 | 364,765
Work in progress | 99,152 | 48,488
Finished goods and goods for resale | 228,551 | 273,408
| 739,657 | 686,661

Parry Catering Equipment (Midlands) Ltd

Notes to the Unaudited Financial Statements for the Year Ended 28 February 2026

7 | Debtors

Current | Note | 2026 £ | 2025 £
Trade debtors |  | 914,285 | 766,010
Amounts owed by related parties | 10 | 8,252 | -
Prepayments |  | 296,020 | 99,812
Other debtors |  | 58,904 | 21,502
|  | 1,277,461 | 887,324

8 | Creditors

Creditors: amounts falling due within one year

| 2026 £ | 2025 £
Due within one year |  |
Trade creditors | 850,866 | 864,514
Taxation and social security | 113,034 | 168,774
Accruals and deferred income | 198,779 | 162,076
Other creditors | 19,221 | 20,195
| 1,181,900 | 1,215,559

Creditors: amounts falling due after more than one year

| 2026 £ | 2025 £
Due after one year |  |
Other financial liabilities | 453,915 | 131,007

9 | Share capital

Allotted, called up and fully paid shares

| 2026 | 2025
| No. | £ | No. | £
Ordinary shares of £1 each | 400,000 | 400,000 | 400,000 | 400,000

10 | Related party transactions

Director's remuneration

The director's remuneration for the year was as follows:

Parry Catering Equipment (Midlands) Ltd

Notes to the Unaudited Financial Statements for the Year Ended 28 February 2026

| 2026 £ | 2025 £
Remuneration | 161,108 | 120,000
Contributions paid to money purchase schemes | 12,614 | 40,000
| 173,722 | 160,000

11 | Parent and ultimate parent undertaking

The company's immediate parent is Parry Catering Group Limited, incorporated in England.