Registered number
13547904
PARISH PROPERTY SERVICES LIMITED
Report and Accounts
31 August 2023
PARISH PROPERTY SERVICES LIMITED
Registered number: 13547904
Director's Report
The director presents his report and accounts for the year ended 31 August 2023.
Principal activities
The company's principal activity during the year continued to be property maintenance, painting.
Director
The following person served as director during the year:
Mark Kenny
Small company provisions
This report has been prepared in accordance with the provisions in Part 15 of the Companies Act 2006 applicable to companies subject to the small companies regime.
This report was approved by the board on 29 July 2024 and signed on its behalf.
Mark Kenny
Director
PARISH PROPERTY SERVICES LIMITED
Profit and Loss Account
for the year ended 31 August 2023
Notes 2023 2022
£ £
Turnover 51,810 32,075
Cost of sales (22,672) (6,811)
Gross profit 29,138 25,264
Administrative expenses (29,844) (15,290)
Operating (loss)/profit (706) 9,974
(Loss)/profit on ordinary activities before taxation (706) 9,974
Tax on (loss)/profit on ordinary activities - (1,895)
(Loss)/profit for the financial year (706) 8,079
PARISH PROPERTY SERVICES LIMITED
Registered number: 13547904
Balance Sheet
as at 31 August 2023
Notes 2023 2022
£ £
Current assets
Cash at bank and in hand 19,219 11,185
Creditors: amounts falling due within one year 3 (11,845) (3,105)
Net current assets 7,374 8,080
Net assets 7,374 8,080
Capital and reserves
Called up share capital 1 1
Profit and loss account 7,373 8,079
Shareholder's funds 7,374 8,080
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Mark Kenny
Director
Approved by the board on 29 July 2024
PARISH PROPERTY SERVICES LIMITED
Statement of Changes in Equity
for the year ended 31 August 2023
Share Share Re- Profit Total
capital premium valuation and loss
reserve account
£ £ £ £ £
At 4 August 2021 - - - - -
Profit for the financial year 8,079 8,079
Shares issued 1 - 1
At 31 August 2022 1 - - 8,079 8,080
At 1 September 2022 1 - - 8,079 8,080
Profit for the financial year (706) (706)
At 31 August 2023 1 - - 7,373 7,374
PARISH PROPERTY SERVICES LIMITED
Notes to the Accounts
for the year ended 31 August 2023
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. 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.
Intangible fixed assets
Intangible fixed assets are measured at cost less accumulative amortisation and any accumulative impairment losses.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset by reducing balance method, as follows:
Freehold buildings over 50 years
Leasehold land and buildings over the lease term
Plant and machinery 25% reducing balance
Fixtures, fittings, tools and equipment over 5 years
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Provisions
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.
2 Employees 2023 2022
Number Number
Average number of persons employed by the company 1 1
3 Creditors: amounts falling due within one year 2023 2022
£ £
Corporation tax 1,895 1,895
Director current account 8,960 820
Other creditors 990 390
11,845 3,105
4 Other information
PARISH PROPERTY SERVICES LIMITED is a private company limited by shares and incorporated in England. Its registered office is:
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