Company Registration No. 13886376 (England and Wales)
Mick Parnell Roofing Contractors Limited
Unaudited accounts
for the year ended 29 February 2024
Mick Parnell Roofing Contractors Limited
Unaudited accounts
Contents
Mick Parnell Roofing Contractors Limited
Company Information
for the year ended 29 February 2024
Company Number
13886376 (England and Wales)
Registered Office
1 The Villas
Aston Lane
Stone
Staffordshire
ST15 0BW
England
Accountants
Tyler Cobane Limited
29 Walton Way
Walton
Stone
Staffordshire
ST15 0JF
Mick Parnell Roofing Contractors Limited
Statement of financial position
as at 29 February 2024
Tangible assets
2,912
3,883
Cash at bank and in hand
108,230
92,843
Creditors: amounts falling due within one year
(108,506)
(92,297)
Net current assets
6,637
28,849
Total assets less current liabilities
9,549
32,732
Provisions for liabilities
Called up share capital
100
100
Profit and loss account
8,896
31,894
Shareholders' funds
8,996
31,994
For the year ending 29 February 2024 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 14 April 2024 and were signed on its behalf by
M Parnell
Director
Company Registration No. 13886376
Mick Parnell Roofing Contractors Limited
Notes to the Accounts
for the year ended 29 February 2024
Mick Parnell Roofing Contractors Limited is a private company, limited by shares, registered in England and Wales, registration number 13886376. The registered office is 1 The Villas, Aston Lane, Stone, Staffordshire, ST15 0BW, England.
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.
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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws.
Deferred tax assets and liabilities are not discounted.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Motor vehicles
25% reducing balance
Mick Parnell Roofing Contractors Limited
Notes to the Accounts
for the year ended 29 February 2024
4
Tangible fixed assets
Motor vehicles
Amounts falling due within one year
Trade debtors
5,659
27,883
6
Creditors: amounts falling due within one year
2024
2023
Taxes and social security
4,531
25,586
Other creditors
103,148
66,711
7
Deferred taxation
2024
2023
Accelerated capital allowances
553
738
Provision at start of year
738
-
(Credited)/charged to the profit and loss account
(185)
738
Provision at end of year
553
738
8
Average number of employees
During the year the average number of employees was 1 (2023: 1).