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Company Registration No. 2083992 (England and Wales)
Parsons Row Company Limited Unaudited accounts for the year ended 31 July 2023
Parsons Row Company Limited Unaudited accounts Contents
Page
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Parsons Row Company Limited Company Information for the year ended 31 July 2023
Director
W T Lowrey
Company Number
2083992 (England and Wales)
Registered Office
6 ,8 & 10 High Street Tarring Worthing West Sussex BN14 7NN
Accountants
Ian Sykes and Co Limited 1 Windlesham Gardens Shoreham by Sea West Sussex BN43 5AD
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Parsons Row Company Limited Statement of financial position as at 31 July 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
217,303 
217,263 
Current assets
Inventories
3,475 
3,635 
Debtors
1,311 
8,253 
Cash at bank and in hand
25,050 
85,200 
29,836 
97,088 
Creditors: amounts falling due within one year
(66,450)
(68,992)
Net current (liabilities)/assets
(36,614)
28,096 
Total assets less current liabilities
180,689 
245,359 
Creditors: amounts falling due after more than one year
(11,000)
(87,742)
Net assets
169,689 
157,617 
Capital and reserves
Called up share capital
37,500 
37,500 
Share premium
21,650 
21,650 
Profit and loss account
110,539 
98,467 
Shareholders' funds
169,689 
157,617 
For the year ending 31 July 2023 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 director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 16 November 2023 and were signed on its behalf by
W T Lowrey Director Company Registration No. 2083992
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Parsons Row Company Limited Notes to the Accounts for the year ended 31 July 2023
1
Statutory information
Parsons Row Company Limited is a private company, limited by shares, registered in England and Wales, registration number 2083992. The registered office is 6 ,8 & 10 High Street, Tarring, Worthing, West Sussex, BN14 7NN.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention.
Revenue
Revenue, described as turnover, is the value of goods provided to customers during the year. Revenue is recognised on the sale of goods when the goods are delivered and title has passed.
Tangible fixed assets policy
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Land & buildings
In accordance with the property
Plant & machinery
10% straight line
Motor vehicles
25% straight line
Fixtures & fittings
15% straight line
Computer equipment
25% straight line
Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items. Cost is determined on a first in, first out basis. Net realisable value is based on estimated selling price, less any further costs of realisation.
Government grants
Government grants are recognised under the accrual model meaning that grants relating to revenue shall be recognised in income on a systematic basis over the periods in which the entity recognises the related costs for which the grant is intended to compensate.
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Parsons Row Company Limited Notes to the Accounts for the year ended 31 July 2023
4
Tangible fixed assets
Land & buildings 
Plant & machinery 
Motor vehicles 
Fixtures & fittings 
Computer equipment 
Total 
£ 
£ 
£ 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At cost 
At cost 
At cost 
At 1 August 2022
215,000 
24,617 
2,890 
15,835 
1,804 
260,146 
Additions
- 
1,956 
- 
- 
- 
1,956 
At 31 July 2023
215,000 
26,573 
2,890 
15,835 
1,804 
262,102 
Depreciation
At 1 August 2022
- 
22,981 
2,890 
15,208 
1,804 
42,883 
Charge for the year
- 
1,289 
- 
627 
- 
1,916 
At 31 July 2023
- 
24,270 
2,890 
15,835 
1,804 
44,799 
Net book value
At 31 July 2023
215,000 
2,303 
- 
- 
- 
217,303 
At 31 July 2022
215,000 
1,636 
- 
627 
- 
217,263 
5
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
Other debtors
1,311 
8,253 
6
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
Bank loans and overdrafts
15,883 
15,345 
Trade creditors
8,447 
8,998 
Taxes and social security
13,046 
16,512 
Other creditors
25,857 
26,607 
Loans from directors
892 
30 
Accruals
2,325 
1,500 
66,450 
68,992 
The Company has provided a fixed charge over its freehold property to secure part of the bank loan and overdraft totalling £9,880.
7
Creditors: amounts falling due after more than one year
2023 
2022 
£ 
£ 
Bank loans
11,000 
87,742 
Aggregate of amounts that fall due for payment after five years
- 
30,057 
8
Average number of employees
During the year the average number of employees was 9 (2022: 9).
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