Registration number: 09264864

Parkes Electrical Services Ltd

Contents

Company Information	1
Directors' Report	2
Accountants' Report	3
Profit and Loss Account and Statement of Retained Earnings	4
Balance Sheet	5
Notes to the Unaudited Financial Statements	6 to 9
iXBRL Detailed Profit and Loss Account	10

Parkes Electrical Services Ltd

Company Information

 

Directors

Mrs K Parkes Mr A Parkes

 

 

Registered office

Unit 11 Fusion Court Aberford Road Garforth Leeds LS25 2GH

 

Accountants

Farrar Smith Chartered Accountants Unit 11, Fusion Court Aberford Road Garforth Leeds LS25 2GH

Parkes Electrical Services Ltd

Directors' Report For The Year Ended 31 March 2026

The directors present their report and the financial statements for the year ended 31 March 2026.

Directors of the company

The directors who held office during the year were as follows:

Mrs K Parkes

Mr A Parkes

Principal activity

The principal activity of the company is that of electrical installers.

Small companies provision statement

This report has been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

Approved and authorised by the Board on 22 September 2026 and signed on its behalf by:
 

......................................... Mr A Parkes Director

Chartered Accountants' Report to the Board of Directors on the
Preparation of the Unaudited Statutory Accounts of
Parkes Electrical Services Ltd
For The Year Ended 31 March 2026

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Parkes Electrical Services Ltd for the year ended 31 March 2026 as set out on pages 4 to 9 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 at
http://www.icaew.com/regulation.

This report is made solely to the Board of Directors of Parkes Electrical Services Ltd, as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the accounts of Parkes Electrical Services Ltd and state those matters that we have agreed to state to the Board of Directors of Parkes Electrical Services Ltd, as a body, in this report in accordance with ICAEW Technical Release 07/16 AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Parkes Electrical Services Ltd and its Board of Directors as a body for our work or for this report.

It is your duty to ensure that Parkes Electrical Services Ltd has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and loss of Parkes Electrical Services Ltd. You consider that Parkes Electrical Services Ltd 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 accounts of Parkes Electrical Services Ltd. 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 accounts.

......................................

Farrar Smith
Chartered Accountants
Unit 11, Fusion Court
Aberford Road
Garforth
Leeds
LS25 2GH

22 September 2026

Parkes Electrical Services Ltd

Profit and Loss Account and Statement of Retained Earnings
for the Year Ended 31 March 2026

	Note	2026 £	2025 £
Turnover		56,087	52,028
Cost of sales		(25,749)	(23,627)
Gross profit		30,338	28,401
Administrative expenses		(31,084)	(29,256)
Operating loss		(746)	(855)
Loss before tax	4	(746)	(855)
Corporation tax charge		(139)	(221)
Deferred tax		281	375
Loss for the financial year		(604)	(701)
Retained earnings brought forward		4,824	9,025
Dividends paid		(1,000)	(3,500)
Retained earnings carried forward		3,220	4,824

Parkes Electrical Services Ltd

(Registration number: 09264864)
Balance Sheet as at 31 March 2026

	Note	2026 £		2025 £
Fixed assets
Tangible assets	6		4,429		5,906
Current assets
Stocks		2,282		1,673
Debtors	7	2,284		242
Cash at bank and in hand		3,586		4,693
		8,152		6,608
Creditors: Amounts falling due within one year	8	(8,418)		(6,467)
Net current (liabilities)/assets			(266)		141
Total assets less current liabilities			4,163		6,047
Provisions for liabilities			(842)		(1,122)
Net assets			3,321		4,925
Capital and reserves
Called up share capital		101		101
Profit and loss account		3,220		4,824
Total equity			3,321		4,925

For the financial year ending 31 March 2026 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.

These financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and FRS 102 ‘The Financial Reporting Standard Applicable in the UK and Republic of Ireland’.

Approved and authorised by the Board on 22 September 2026 and signed on its behalf by:
 

......................................... Mr A Parkes Director

Parkes Electrical Services Ltd

Notes to the Unaudited Financial Statements For The Year Ended 31 March 2026

1	General information

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

The address of its registered office is:
Unit 11 Fusion Court
Aberford Road
Garforth
Leeds
LS25 2GH

These financial statements were authorised for issue by the Board on 22 September 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.

The presentation currency is £ sterling

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 value added tax.

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.

Tax

The tax expense for the period comprises current and deferred tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.

Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference.

Parkes Electrical Services Ltd

Notes to the Unaudited Financial Statements For The Year Ended 31 March 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 cost
Motor Vehicles	25% on the reducing balance

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	Estimated useful life of 10 years

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.

Share capital

Ordinary shares are classified as equity.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

Parkes Electrical Services Ltd

Notes to the Unaudited Financial Statements For The Year Ended 31 March 2026

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 2 (2025 - 2).

4	Loss before tax

Arrived at after charging/(crediting)

	2026 £	2025 £
Depreciation expense	1,477	1,969

5	Intangible assets

	Goodwill  £	Total £
Cost or valuation
At 1 April 2025	10,000	10,000
At 31 March 2026	10,000	10,000
Amortisation
At 1 April 2025	10,000	10,000
At 31 March 2026	10,000	10,000
Carrying amount
At 31 March 2026	-	-

Parkes Electrical Services Ltd

Notes to the Unaudited Financial Statements For The Year Ended 31 March 2026

6	Tangible assets

	Motor vehicles  £	Total £
Cost or valuation
At 1 April 2025	10,500	10,500
At 31 March 2026	10,500	10,500
Depreciation
At 1 April 2025	4,594	4,594
Charge for the year	1,477	1,477
At 31 March 2026	6,071	6,071
Carrying amount
At 31 March 2026	4,429	4,429
At 31 March 2025	5,906	5,906

7

Debtors

Current	2026 £	2025 £
Trade debtors	2,284	242
	2,284	242

8

Creditors

	2026 £	2025 £
Due within one year
Trade creditors	1,586	1,476
Taxation and social security	1,646	604
Other creditors	5,186	4,387
	8,418	6,467

Parkes Electrical Services Ltd

iXBRL Detailed Profit and Loss Account for the Year Ended 31 March 2026

	2026 £	2025 £
Turnover/revenue	56,087	52,028
Cost of sales
Purchase of raw materials and consumables	(25,749)	(23,627)
Gross profit	30,338	28,401
Distribution costs
Administrative expenses
Audit and accountancy other services	(780)	(950)
Advertising, promotions and marketing costs	-	(120)
Depreciation of property, plant and equipment	(1,477)	(1,969)
Vehicle costs	(1,517)	(1,558)
Salaries and fees, directors	(21,082)	(17,952)
Company contributions to money purchase plans, directors	(2,475)	(3,300)
Staff costs, directors	(23,557)	(21,252)
Legal and professional costs	(59)	(59)
Bank charges	(139)	(146)
Insurance costs	(1,411)	(1,109)
IT and computing	(192)	(476)
Telecommunications	(1,372)	(1,037)
Charitable donations	(60)	(60)
Other costs	(520)	(520)
Other operating income
Other items
Loss on ordinary activities before taxation	(746)	(855)
Tax on profit or loss on ordinary activities	142	154
Loss for the financial year	(604)	(701)