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REGISTERED NUMBER: 01233543 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024

FOR

PARSON ASH LIMITED

PARSON ASH LIMITED (REGISTERED NUMBER: 01233543)






CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 31 March 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


PARSON ASH LIMITED

COMPANY INFORMATION
for the Year Ended 31 March 2024







DIRECTORS: P Ash
C Flannery





SECRETARY: Mrs A Ash





REGISTERED OFFICE: 11 Fleet Business Park
Sandy Lane
Church Crookham
Fleet
Hampshire
GU52 8BF





REGISTERED NUMBER: 01233543 (England and Wales)





ACCOUNTANTS: Saunders Wood & Co.
Chartered Accountants
140A Tachbrook Street
London SW1V 2NE

PARSON ASH LIMITED (REGISTERED NUMBER: 01233543)

BALANCE SHEET
31 March 2024

31.3.24 31.3.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 67,134 51,452

CURRENT ASSETS
Stocks 410,103 393,808
Debtors 5 1,216,260 917,313
Cash at bank and in hand 146,182 342,352
1,772,545 1,653,473
CREDITORS
Amounts falling due within one year 6 1,332,833 1,037,149
NET CURRENT ASSETS 439,712 616,324
TOTAL ASSETS LESS CURRENT
LIABILITIES

506,846

667,776

CAPITAL AND RESERVES
Called up share capital 7 100 100
Retained earnings 8 506,746 667,676
SHAREHOLDERS' FUNDS 506,846 667,776

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 23 August 2024 and were signed on its behalf by:





P Ash - Director


PARSON ASH LIMITED (REGISTERED NUMBER: 01233543)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 31 March 2024

1. STATUTORY INFORMATION

Parson Ash 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 net invoiced work done, excluding value added tax.


Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Short leasehold - in accordance with the property lease
Plant and machinery - 25% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 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 Income Statement, 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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

PARSON ASH LIMITED (REGISTERED NUMBER: 01233543)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 March 2024

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 13 (2023 - 13 ) .

4. TANGIBLE FIXED ASSETS
Short Plant and Motor Computer
leasehold machinery vehicles equipment Totals
£    £    £    £    £   
COST
At 1 April 2023 2,700 13,791 87,853 47,893 152,237
Additions - - 41,288 - 41,288
Disposals - - (19,490 ) - (19,490 )
At 31 March 2024 2,700 13,791 109,651 47,893 174,035
DEPRECIATION
At 1 April 2023 2,700 13,791 38,592 45,702 100,785
Charge for year - - 13,822 2,191 16,013
Eliminated on disposal - - (9,897 ) - (9,897 )
At 31 March 2024 2,700 13,791 42,517 47,893 106,901
NET BOOK VALUE
At 31 March 2024 - - 67,134 - 67,134
At 31 March 2023 - - 49,261 2,191 51,452

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Trade Debtors 993,367 708,845
VAT 74,998 57,216
Other Debtors 123,000 128,675
Prepayments 24,895 22,577
1,216,260 917,313

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Trade Creditors 878,383 689,520
Tax 146,899 92,775
Social security and other taxes 91,979 59,753
Sundry Creditors and Accruals 215,572 195,101
1,332,833 1,037,149

7. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.3.24 31.3.23
value: £    £   
100 Ordinary £1 100 100

PARSON ASH LIMITED (REGISTERED NUMBER: 01233543)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 March 2024

8. RESERVES
Retained
earnings
£   

At 1 April 2023 667,676
Profit for the year 414,070
Dividends (575,000 )
At 31 March 2024 506,746

9. ULTIMATE CONTROLLING PARTY

The controlling party is P Ash.