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REGISTERED NUMBER: 04869144 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30TH SEPTEMBER 2023

FOR

PARNELLS OF SOUTHWELL LIMITED

PARNELLS OF SOUTHWELL LIMITED (REGISTERED NUMBER: 04869144)






CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 30th September 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


PARNELLS OF SOUTHWELL LIMITED

COMPANY INFORMATION
for the Year Ended 30th September 2023







DIRECTOR: Mrs D K Marriott





SECRETARY: D Marriott





REGISTERED OFFICE: Ossington Chambers
6-8 Castle Gate
Newark
Nottinghamshire
NG24 1AX





REGISTERED NUMBER: 04869144 (England and Wales)





ACCOUNTANTS: Stephenson Nuttall & Co
Chartered Accountants
Ossington Chambers
6-8 Castle Gate
Newark
Nottinghamshire
NG24 1AX

PARNELLS OF SOUTHWELL LIMITED (REGISTERED NUMBER: 04869144)

BALANCE SHEET
30th September 2023

30/9/23 30/9/22
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 916 1,222
916 1,222

CURRENT ASSETS
Stocks 2,270 3,305
Debtors 6 2,378 2,312
Cash at bank and in hand 15,728 20,034
20,376 25,651
CREDITORS
Amounts falling due within one year 7 4,610 7,054
NET CURRENT ASSETS 15,766 18,597
TOTAL ASSETS LESS CURRENT
LIABILITIES

16,682

19,819

PROVISIONS FOR LIABILITIES 8 - 232
NET ASSETS 16,682 19,587

CAPITAL AND RESERVES
Called up share capital 9 2 2
Retained earnings 16,680 19,585
SHAREHOLDERS' FUNDS 16,682 19,587

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30th September 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30th September 2023 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.

PARNELLS OF SOUTHWELL LIMITED (REGISTERED NUMBER: 04869144)

BALANCE SHEET - continued
30th September 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 12th April 2024 and were signed by:





Mrs D K Marriott - Director


PARNELLS OF SOUTHWELL LIMITED (REGISTERED NUMBER: 04869144)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 30th September 2023

1. STATUTORY INFORMATION

Parnells of Southwell 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 sales of goods, excluding value added tax.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2010, is being amortised evenly over its estimated useful life of five 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.
Office equipment - 25% on reducing balance
Fixtures and fittings - 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.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.

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.

PARNELLS OF SOUTHWELL LIMITED (REGISTERED NUMBER: 04869144)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 30th September 2023

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2022 - 4 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1st October 2022
and 30th September 2023 9,000
AMORTISATION
At 1st October 2022
and 30th September 2023 9,000
NET BOOK VALUE
At 30th September 2023 -
At 30th September 2022 -

5. TANGIBLE FIXED ASSETS
Fixtures
Office and
equipment fittings Totals
£    £    £   
COST
At 1st October 2022
and 30th September 2023 683 8,363 9,046
DEPRECIATION
At 1st October 2022 683 7,141 7,824
Charge for year - 306 306
At 30th September 2023 683 7,447 8,130
NET BOOK VALUE
At 30th September 2023 - 916 916
At 30th September 2022 - 1,222 1,222

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30/9/23 30/9/22
£    £   
Other debtors 1,354 1,298
Prepayments 1,024 1,014
2,378 2,312

PARNELLS OF SOUTHWELL LIMITED (REGISTERED NUMBER: 04869144)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 30th September 2023

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30/9/23 30/9/22
£    £   
Trade creditors 790 744
Social security and other taxes 380 326
Other creditors 1,285 2,250
Directors' current accounts 13 1,694
Accrued expenses 2,142 2,040
4,610 7,054

8. PROVISIONS FOR LIABILITIES
30/9/23 30/9/22
£    £   
Deferred tax - 232

Deferred
tax
£   
Balance at 1st October 2022 232
Utilised during year (232 )
Balance at 30th September 2023 -

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 30/9/23 30/9/22
value: £    £   
2 Ordinary £1 2 2

10. ULTIMATE CONTROLLING PARTY

Mrs D K Marriott owns 100% of the issued share capital of the company.