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REGISTERED NUMBER: 07409745 (England and Wales)













Parsley & Sage Limited

Unaudited Financial Statements

for the Year Ended 30 December 2022






Parsley & Sage Limited (Registered number: 07409745)






Contents of the Financial Statements
for the year ended 30 December 2022




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Parsley & Sage Limited

Company Information
for the year ended 30 December 2022







DIRECTOR: Mrs C Scanlan





SECRETARY: Mrs K Scanlan





REGISTERED OFFICE: Lymore Villa
162a London Road
Chesterton
Newcastle
Staffordshire
ST5 7JB





REGISTERED NUMBER: 07409745 (England and Wales)





ACCOUNTANTS: Slaters & Co Accountants
Lymore Villa
162a London Road
Chesterton
Newcastle
Staffordshire
ST5 7JB

Parsley & Sage Limited (Registered number: 07409745)

Balance Sheet
30 December 2022

2022 2021
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 57,903 65,142
Tangible assets 5 5,479 4,625
63,382 69,767

CURRENT ASSETS
Stocks 10,787 10,269
Debtors 6 28,184 3,872
Cash at bank and in hand 4,445 19,471
43,416 33,612
CREDITORS
Amounts falling due within one year 7 77,430 80,790
NET CURRENT LIABILITIES (34,014 ) (47,178 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

29,368

22,589

CREDITORS
Amounts falling due after more than one
year

8

28,500

28,000
NET ASSETS/(LIABILITIES) 868 (5,411 )

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings 866 (5,413 )
SHAREHOLDERS' FUNDS 868 (5,411 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 December 2022.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 December 2022 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

Parsley & Sage Limited (Registered number: 07409745)

Balance Sheet - continued
30 December 2022


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 29 September 2023 and were signed by:





Mrs C Scanlan - Director


Parsley & Sage Limited (Registered number: 07409745)

Notes to the Financial Statements
for the year ended 30 December 2022

1. STATUTORY INFORMATION

Parsley & Sage Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover represents net invoice value of goods / services provided, excluding value added tax.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2011, is being amortised evenly over its estimated useful life of twenty years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 20% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 25% on reducing balance

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 6 (2021 - 3 ) .

Parsley & Sage Limited (Registered number: 07409745)

Notes to the Financial Statements - continued
for the year ended 30 December 2022

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 31 December 2021
and 30 December 2022 144,771
AMORTISATION
At 31 December 2021 79,629
Charge for year 7,239
At 30 December 2022 86,868
NET BOOK VALUE
At 30 December 2022 57,903
At 30 December 2021 65,142

5. TANGIBLE FIXED ASSETS
Fixtures
and Motor Computer
fittings vehicles equipment Totals
£    £    £    £   
COST
At 31 December 2021 3,865 16,110 3,743 23,718
Additions 2,300 - 133 2,433
At 30 December 2022 6,165 16,110 3,876 26,151
DEPRECIATION
At 31 December 2021 2,449 14,193 2,451 19,093
Charge for year 743 479 357 1,579
At 30 December 2022 3,192 14,672 2,808 20,672
NET BOOK VALUE
At 30 December 2022 2,973 1,438 1,068 5,479
At 30 December 2021 1,416 1,917 1,292 4,625

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2022 2021
£    £   
Trade debtors 5,418 -
Other debtors 22,766 3,872
28,184 3,872

Parsley & Sage Limited (Registered number: 07409745)

Notes to the Financial Statements - continued
for the year ended 30 December 2022

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2022 2021
£    £   
Bank loans and overdrafts 4,500 8,000
Trade creditors 10,556 11,164
Taxation and social security 45,404 33,805
Other creditors 16,970 27,821
77,430 80,790

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2022 2021
£    £   
Bank loans 28,500 28,000

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 10,500 -

9. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 30 December 2022 and 30 December 2021:

2022 2021
£    £   
Mrs C Scanlan
Balance outstanding at start of year 3,619 -
Amounts advanced 19,002 3,619
Amounts repaid - -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 22,621 3,619

Interest is charged on the loan at 2% per annum with no fixed repayment terms.