STEPHEN PARSONS ASSOCIATES LIMITED

Company Registration Number:
02791498 (England and Wales)

Unaudited abridged accounts for the year ended 31 March 2024

Period of accounts

Start date: 01 April 2023

End date: 31 March 2024

STEPHEN PARSONS ASSOCIATES LIMITED

Contents of the Financial Statements

for the Period Ended 31 March 2024

Balance sheet
Notes

STEPHEN PARSONS ASSOCIATES LIMITED

Balance sheet

As at 31 March 2024


Notes

2024

2023


£

£
Fixed assets
Tangible assets: 3 4,942 3,999
Investments: 4 5,000 5,000
Total fixed assets: 9,942 8,999
Current assets
Debtors: 5 758,053 669,134
Cash at bank and in hand: 306,029 356,435
Total current assets: 1,064,082 1,025,569
Creditors: amounts falling due within one year: 6 (611,508) (636,444)
Net current assets (liabilities): 452,574 389,125
Total assets less current liabilities: 462,516 398,124
Total net assets (liabilities): 462,516 398,124
Capital and reserves
Called up share capital: 2 2
Profit and loss account: 462,514 398,122
Shareholders funds: 462,516 398,124

The notes form part of these financial statements

STEPHEN PARSONS ASSOCIATES LIMITED

Balance sheet statements

For the year ending 31 March 2024 the company was entitled to exemption 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 directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A).

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The directors have chosen to not file a copy of the company’s profit & loss account.

This report was approved by the board of directors on 24 July 2024
and signed on behalf of the board by:

Name: Mark Humphreys-Evans
Status: Director

The notes form part of these financial statements

STEPHEN PARSONS ASSOCIATES LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2024

1. Accounting policies

These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

STEPHEN PARSONS ASSOCIATES LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2024

2. Employees

2024 2023
Average number of employees during the period 12 12

STEPHEN PARSONS ASSOCIATES LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2024

3. Tangible Assets

Total
Cost £
At 01 April 2023 56,682
Additions 4,203
At 31 March 2024 60,885
Depreciation
At 01 April 2023 52,683
Charge for year 2,138
Other adjustments 1,122
At 31 March 2024 55,943
Net book value
At 31 March 2024 4,942
At 31 March 2023 3,999

STEPHEN PARSONS ASSOCIATES LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2024

4. Fixed investments

Cost at 1st April 2023 £5000Carrying amount at 31st March 2024 £5000

STEPHEN PARSONS ASSOCIATES LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2024

5. Debtors

2024 2023
££
Debtors due after more than one year: 758,053 669,134

STEPHEN PARSONS ASSOCIATES LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2024

6. Creditors: amounts falling due within one year note

Bounce back loan £43,333Trade creditors £288,800Corporation Tax £17,308Other taxes £183,763Other creditors £78,304