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REGISTERED NUMBER: 06152032 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST MARCH 2023

FOR

PARKERS BUSINESS SERVICES LIMITED

PARKERS BUSINESS SERVICES LIMITED (REGISTERED NUMBER: 06152032)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST MARCH 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


PARKERS BUSINESS SERVICES LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31ST MARCH 2023







DIRECTORS: R Colwell BA (Hons) FCCA ACA
Mrs A C Watson BSc (Hons) PhD FCA





REGISTERED OFFICE: Cornelius House
178-180 Church Road
Hove
East Sussex
BN3 2DJ





REGISTERED NUMBER: 06152032 (England and Wales)





ACCOUNTANTS: Parkers
Cornelius House
178-180 Church Road
Hove
East Sussex
BN3 2DJ

PARKERS BUSINESS SERVICES LIMITED (REGISTERED NUMBER: 06152032)

BALANCE SHEET
31ST MARCH 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 201,600 302,400
Tangible assets 5 11,843 3,894
213,443 306,294

CURRENT ASSETS
Debtors 6 247,794 228,498
Cash at bank 603,086 406,084
850,880 634,582
CREDITORS
Amounts falling due within one year 7 325,411 282,002
NET CURRENT ASSETS 525,469 352,580
TOTAL ASSETS LESS CURRENT
LIABILITIES

738,912

658,874

CREDITORS
Amounts falling due after more than one
year

8

60,417

85,417
NET ASSETS 678,495 573,457

CAPITAL AND RESERVES
Called up share capital 251 251
Capital redemption reserve 749 749
Retained earnings 677,495 572,457
678,495 573,457

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31st 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.

PARKERS BUSINESS SERVICES LIMITED (REGISTERED NUMBER: 06152032)

BALANCE SHEET - continued
31ST MARCH 2023


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 Board of Directors and authorised for issue on 12th November 2023 and were signed on its behalf by:





Mrs A C Watson BSc (Hons) PhD FCA - Director


PARKERS BUSINESS SERVICES LIMITED (REGISTERED NUMBER: 06152032)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST MARCH 2023

1. STATUTORY INFORMATION

Parkers Business Services 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 comprises the value of accountancy services provided, excluding Value Added Tax.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2007, is being amortised evenly over its estimated useful life of ten 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 - 25% on reducing balance
Computer equipment - 25% on reducing balance

Investments in associates
Investments in associate undertakings are recognised at cost.

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 12 (2022 - 13 ) .

PARKERS BUSINESS SERVICES LIMITED (REGISTERED NUMBER: 06152032)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST MARCH 2023

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1st April 2022
and 31st March 2023 1,008,000
AMORTISATION
At 1st April 2022 705,600
Charge for year 100,800
At 31st March 2023 806,400
NET BOOK VALUE
At 31st March 2023 201,600
At 31st March 2022 302,400

5. TANGIBLE FIXED ASSETS
Fixtures
and Computer
fittings equipment Totals
£    £    £   
COST
At 1st April 2022 23,241 2,855 26,096
Additions 9,270 2,627 11,897
At 31st March 2023 32,511 5,482 37,993
DEPRECIATION
At 1st April 2022 20,858 1,344 22,202
Charge for year 2,913 1,035 3,948
At 31st March 2023 23,771 2,379 26,150
NET BOOK VALUE
At 31st March 2023 8,740 3,103 11,843
At 31st March 2022 2,383 1,511 3,894

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 119,830 105,713
Client work in progress 65,987 49,998
Other debtors 61,977 72,787
247,794 228,498

PARKERS BUSINESS SERVICES LIMITED (REGISTERED NUMBER: 06152032)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST MARCH 2023

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 25,000 25,000
Trade creditors 59,719 56,438
Taxation and social security 119,502 61,861
Other creditors 121,190 138,703
325,411 282,002

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Bank loans 60,417 85,417