Parkes Products Limited Accounts






Parkes Products Limited

	Company No. 01905021
		Information for Filing with The Registrar
		31 January 2026

The Directors present their report and the accounts for the year ended 31 January 2026.

Principal activities
The principal activity of the company during the year under review was the manufacture and sale of building components.




Directors

The Directors who served at any time during the year were as follows:

R.S. Berwick
S.B.E. Berwick








































































The above report has been prepared in accordance with the provisions applicable to companies subject to the small companies regime as set out in Part 15 of the Companies Act 2006.

Signed on behalf of the board

R.S. Berwick
Director
16 October 2026

at	31 January 2026
Company No.		01905021	Notes	2026	2025
				£	£
Fixed assets

	Tangible assets		4	415,119	429,743


				415,119	429,743
Current assets
	Stocks		5	538,397	753,738
	Debtors		6	314,531	427,384

	Cash at bank and in hand			257,561	78,301
				1,110,489	1,259,423
Creditors: Amount falling due within one year			7	(314,098)	(371,421)
Net current assets				796,391	888,002
Total assets less current liabilities				1,211,510	1,317,745
Creditors: Amounts falling due after more than one year			8	(466,525)	(505,300)
Provisions for liabilities
	Deferred taxation			(11,314)	(12,191)

Net assets				733,671	800,254

Capital and reserves
	Called up share capital			9,000	9,000

	Revaluation reserve		11	82,258	85,007

	Profit and loss account		11	642,413	706,247

Total equity				733,671	800,254



These accounts have been prepared in accordance with the special provisions applicable to companies subject to the small companies regime of the Companies Act 2006.

For the year ended 31 January 2026 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.



As permitted by section 444 (5A)of the Companies Act 2006 the directors have not delivered to the Registrar a copy of the company's profit and loss account.

Approved by the board on 16 October 2026 and signed on its behalf by:
R.S. Berwick
Director
16 October 2026

for the year ended 31 January 2026

General information

Parkes Products Limited is a private company limited by shares and incorporated in England and Wales.

Its registered number is: 01905021

Its registered office is:

Temple Works

Burrell Way

Thetford

Norfolk

IP24 3QT

The accounts have been prepared in accordance with FRS 102 Section 1A - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.

Accounting policies

Turnover

Turnover is measured at the fair value of the consideration received or receivable. Turnover is reduced for estimated customer returns, rebates and other similar allowances.

Tangible fixed assets and depreciation

Tangible fixed assets held for the company's own use are stated at cost less accumulated depreciation and accumulated impairment losses. Property which had been revalued previously in 1991 and carried at its revalued amount less depreciation prior to FRS102 was included in accordance with the transitional provisions for FRS102 at the revalued amount as deemed cost less depreciation and that valuation has not been updated. The company's freehold property was most recently valued at 18 May 2019 at £970,000: this valuation has not been used in the accounts.

At each balance sheet date, the company reviews the carrying amount of its tangible fixed assets to determine whether there is any indication that any items have suffered an impairment loss. If any such indication exists, the recoverable amount of an asset is estimated in order to determine the extent of the impairment loss.

Depreciation is provided at the following annual rates in order to write off the cost or valuation less the estimated residual value of each asset over its estimated useful life:

Freehold buildings

2% on cost

Plant and machinery

% at varying rates on cost

Taxation

Income tax expense represents the sum of the tax currently payable and deferred tax.

The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the profit and loss account because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The Company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.

Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable temporary differences. Deferred tax assets are generally recognised for all deductible timing differences to the extent that it is probable that taxable profits will be available against which those deductible temporary differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.

Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period.

Current or deferred tax for the year is recognised in profit or loss, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also recognised in other comprehensive income or directly in equity respectively.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell after making due allowance for obsolete and slow moving items.

Trade and other debtors

Trade and other debtors are measured at the transaction price less impairment losses for bad and doubtful debts.

Trade and other creditors

Short term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

Leased assets

Operating lease payments are recognised as an expense on a straight-line basis over the lease term.

Defined contribution pensions

The Company operates defined contribution arrangements for its employees. A defined contribution plan is a pension plan under which the company pays fixed contributions into a separate entity. Once the contributions have been paid the company has no further payments obligations.

The contributions are recognised as expenses when they fall due. Amounts not paid are shown in creditors in the balance sheet. The scheme assets are held separately from the company in independently administered funds.

3	Employees
			2026	2025
			Number	Number
		The average monthly number of employees (including directors) during the year was:	11	11

4	Tangible fixed assets
			Land and buildings	Plant and machinery	Total
			£	£	£
		Cost or revaluation
		At 1 February 2025	646,816	1,173,808	1,820,624
		Additions	-	13,087	13,087



		At 31 January 2026	646,816	1,186,895	1,833,711
		Depreciation
		At 1 February 2025	259,104	1,131,777	1,390,881
		Charge for the year	10,036	17,675	27,711



		At 31 January 2026	269,140	1,149,452	1,418,592
		Net book values
		At 31 January 2026	377,676	37,443	415,119
		At 31 January 2025	387,712	42,031	429,743

5	Stocks
			2026	2025
			£	£


		Finished goods	538,397	753,738
			538,397	753,738

6	Debtors
			2026	2025
			£	£
		Trade debtors	285,303	403,617





		Other debtors	9,352	6,744
		Prepayments and accrued income	19,876	17,023
			314,531	427,384

7	Creditors:
		amounts falling due within one year
			2026	2025
			£	£

		Bank loans and overdrafts	37,661	33,053


		Trade creditors	126,407	144,957
		Amounts owed to group undertakings	75,000	75,000
		Taxes and social security	45,338	76,537
		Loans from directors	6,217	2,568

		Accruals and deferred income	23,475	39,306
			314,098	371,421

		The company has a bank loan repayable in instalments over a remaining term of 9 years 6 months. The loan is a commercial mortgage secured on the company's freehold property. The company has a factoring facility under which the balance due to factors is secured on book debts and by fixed and floating charge. There was no balance due to factors at 31 January 2026 or 2025. The balance due from factors is included in other debtors.

8	Creditors:
		amounts falling due after more than one year
			2026	2025
			£	£

		Bank loans and overdrafts	466,525	505,300






			466,525	505,300

		Liabilities repayable in more than five years after the balance sheet date
		Amount repayable by instalments	283,835	340,842

			283,835	340,842

		The company has a bank loan repayable in instalments over a remaining term of 9 years 6 months. The loan is a commercial mortgage secured on the company's freehold property.

9	Creditors: secured liabilities
			2026	2025
			£	£
		The aggregate amount of secured liabilities included within creditors	504,186	538,353

		The loan is isecured on the company's freehold property.

Share Capital

Ordinary £1 shares fully paid

11	Reserves
			Revaluation Reserve	Total other reserves
			£	£
		At 1 February 2024	87,756	87,756
		Movement on revaluation reserve	(2,749)	(2,749)


		At 31 January 2025 and 1 February 2025	85,007	85,007
		Movement on revaluation reserve	(2,749)	(2,749)


		At 31 January 2026	82,258	82,258

		Revaluation reserve - reflects the revaluation of property other than investment properties.


		Profit and loss account - includes all current and prior period retained profits and losses.

12	Dividends
			2026	2025
			£	£
		Dividends for the period:
		Dividends paid in the period	73,300	58,000

			73,300	58,000

		Dividends by type:

		Equity dividends	73,300	58,000
			73,300	58,000

Related party disclosures

Transactions with related parties

Parent Company

The name of the immediate and ultimate parent company:

Reflex Safety Ltd

The parent's registered office address is:

Temple Works

Burrell Way

Thetford

Norfolk IP24 3QT