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REGISTERED NUMBER: 09357444 (England and Wales)


















Financial Statements for the Year Ended 31 March 2023

for

J Parrish and Son Limited

J Parrish and Son Limited (Registered number: 09357444)






Contents of the Financial Statements
for the Year Ended 31 March 2023




Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 4


J Parrish and Son Limited

Company Information
for the Year Ended 31 March 2023







DIRECTORS: Mr D J Parrish
Mrs S J Parrish





SECRETARY: Mrs S J Parrish





REGISTERED OFFICE: Stanford Bury Farm
Shefford
Bedfordshire
SG17 5NS





REGISTERED NUMBER: 09357444 (England and Wales)





ACCOUNTANTS: George Hay Partnership LLP
Chartered Accountants
Brigham House
High Street
Biggleswade
Bedfordshire
SG18 0LD

J Parrish and Son Limited (Registered number: 09357444)

Abridged Balance Sheet
31 March 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 5 225,567 306,844

CURRENT ASSETS
Stocks - 5,616
Debtors 406,191 440,009
Cash at bank 10,002 296,843
416,193 742,468
CREDITORS
Amounts falling due within one year 274,399 345,659
NET CURRENT ASSETS 141,794 396,809
TOTAL ASSETS LESS CURRENT
LIABILITIES

367,361

703,653

PROVISIONS FOR LIABILITIES 56,836 76,711
NET ASSETS 310,525 626,942

CAPITAL AND RESERVES
Called up share capital 6 100 100
Retained earnings 310,425 626,842
SHAREHOLDERS' FUNDS 310,525 626,942

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2023 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

J Parrish and Son Limited (Registered number: 09357444)

Abridged Balance Sheet - continued
31 March 2023


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

All the members have consented to the preparation of an abridged Balance Sheet for the year ended 31 March 2023 in accordance with Section 444(2A) of the Companies Act 2006.

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

The financial statements were approved by the Board of Directors and authorised for issue on 3 November 2023 and were signed on its behalf by:





Mrs S J Parrish - Director


J Parrish and Son Limited (Registered number: 09357444)

Notes to the Financial Statements
for the Year Ended 31 March 2023

1. STATUTORY INFORMATION

J Parrish and Son 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. STATEMENT OF COMPLIANCE

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.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements have been prepared under the historical cost convention.

Turnover
Turnover is measured at the fair value of the consideration received or receivable net of VAT and trade discounts. The policies adopted for the recognition of turnover are as follows:

Rendering of services

When the outcome of a transaction can be estimated reliably, turnover from consultancy and management services and from equipment rental is recognised by reference to the stage of completion at the balance sheet date. Stage of completion is measured by reference to the period of the contract elapsed.

Where the outcome cannot be measured reliably, turnover is recognised only to the extent of the expenses recognised that are recoverable.

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

Tangible fixed assets are stated at cost (or deemed cost) or valuation less accumulated depreciation and accumulated impairment losses. Cost includes costs directly attributable to making the asset capable of operating as intended.

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

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.


J Parrish and Son Limited (Registered number: 09357444)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2023

3. ACCOUNTING POLICIES - continued
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

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.

Debtors and creditors receivable / payable within one year
Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account in other administrative expenses.

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2022 - 5 ) .

5. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 April 2022 524,305
Additions 60,000
Disposals (187,000 )
At 31 March 2023 397,305
DEPRECIATION
At 1 April 2022 217,461
Charge for year 71,857
Eliminated on disposal (117,580 )
At 31 March 2023 171,738
NET BOOK VALUE
At 31 March 2023 225,567
At 31 March 2022 306,844

6. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
100 Ordinary £1 100 100

J Parrish and Son Limited (Registered number: 09357444)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2023

7. ULTIMATE CONTROLLING PARTY

The company is a 100% subsidiary of J Parrish and Son (Holdings) Ltd, Stanford Bury Farm, Shefford, Bedfordshire, United Kingdom, SG17 5NS