Company Registration No. 6630745 (England and Wales)
PARROTT CONSTRUCTION SERVICES LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2023
PAGES FOR FILING WITH REGISTRAR
PARROTT CONSTRUCTION SERVICES LIMITED
COMPANY INFORMATION
Director
N Parrott
Secretary
M Parrott
Company number
6630745
Registered office
20 Quarry Park Road
Peverell
Plymouth
PL3 4LW
PARROTT CONSTRUCTION SERVICES LIMITED
CONTENTS
Page
Balance sheet
1
Notes to the financial statements
2 - 3
PARROTT CONSTRUCTION SERVICES LIMITED
BALANCE SHEET
AS AT
30 JUNE 2023
30 June 2023
- 1 -
2023
2022
Notes
£
£
£
£
Fixed assets
Tangible assets
2
406
541
Current assets
Stock and work in progress
970
870
Debtors
3
4,248
3,644
Cash at bank and in hand
15,987
14,295
21,205
18,809
Creditors: amounts falling due within one year
4
(6,559)
(5,724)
Net current assets
14,646
13,085
Total assets less current liabilities
15,052
13,626
Capital and reserves
Called up share capital
5
1
1
Profit and loss reserves
15,051
13,625
Total equity
15,052
13,626

The director of the company have elected not to include a copy of the profit and loss account within the financial statements.true

For the financial year ended 30 June 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006.

Director's responsibilities:

 

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

The financial statements were approved and signed by the director and authorised for issue on 5 February 2024
N Parrott
Director
Company Registration No. 6630745
PARROTT CONSTRUCTION SERVICES LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2023
- 2 -
1
Accounting policies
Company information

Parrott Construction Services Limited is a private company limited by shares incorporated in England and Wales. The registered office is 20 Quarry Park Road, Peverell, Plymouth, PL3 4LW.

1.1
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention, modified to include the revaluation of freehold properties and to include investment properties and certain financial instruments at fair value. The principal accounting policies adopted are set out below.

1.2
Turnover

Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.

1.3
Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Office equipment
25% reducing balance
Plant and machinery
25% reducing balance

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

1.4
Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the stocks to their present location and condition.

1.5
Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

PARROTT CONSTRUCTION SERVICES LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 JUNE 2023
- 3 -
2
Tangible fixed assets
Plant and machinery etc
£
Cost
At 1 July 2022 and 30 June 2023
3,800
Depreciation and impairment
At 1 July 2022
3,259
Depreciation charged in the year
135
At 30 June 2023
3,394
Carrying amount
At 30 June 2023
406
At 30 June 2022
541
3
Debtors
2023
2022
Amounts falling due within one year:
£
£
Trade debtors
4,248
3,644
4
Creditors: amounts falling due within one year
2023
2022
£
£
Corporation tax
5,839
4,979
Other creditors
720
745
6,559
5,724
5
Called up share capital
2023
2022
£
£
Ordinary share capital
Authorised
100 Ordinary shares of £1 each
100
100
Issued and fully paid
1 Ordinary shares of £1 each
1
1
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