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REGISTERED NUMBER: 06152032 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST MARCH 2024

FOR

PARKERS BUSINESS SERVICES LIMITED

PARKERS BUSINESS SERVICES LIMITED (REGISTERED NUMBER: 06152032)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST MARCH 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


PARKERS BUSINESS SERVICES LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31ST MARCH 2024







DIRECTORS: R Colwell BA (Hons) FCCA ACA
Mrs A C Watson BSc (Hons) PhD FCA





REGISTERED OFFICE: Cornelius House
178-180 Church Road
Hove
East Sussex
BN3 2DJ





REGISTERED NUMBER: 06152032 (England and Wales)





ACCOUNTANTS: Parkers
Cornelius House
178-180 Church Road
Hove
East Sussex
BN3 2DJ

PARKERS BUSINESS SERVICES LIMITED (REGISTERED NUMBER: 06152032)

BALANCE SHEET
31ST MARCH 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 100,800 201,600
Tangible assets 5 9,182 11,843
109,982 213,443

CURRENT ASSETS
Debtors 6 182,889 247,794
Cash at bank 544,699 603,086
727,588 850,880
CREDITORS
Amounts falling due within one year 7 236,459 325,411
NET CURRENT ASSETS 491,129 525,469
TOTAL ASSETS LESS CURRENT
LIABILITIES

601,111

738,912

CREDITORS
Amounts falling due after more than one
year

8

35,417

60,417
NET ASSETS 565,694 678,495

CAPITAL AND RESERVES
Called up share capital 251 251
Capital redemption reserve 749 749
Retained earnings 564,694 677,495
565,694 678,495

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31st 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.

PARKERS BUSINESS SERVICES LIMITED (REGISTERED NUMBER: 06152032)

BALANCE SHEET - continued
31ST MARCH 2024


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 17th September 2024 and were signed on its behalf by:





Mrs A C Watson BSc (Hons) PhD FCA - Director


PARKERS BUSINESS SERVICES LIMITED (REGISTERED NUMBER: 06152032)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST MARCH 2024

1. STATUTORY INFORMATION

Parkers Business Services 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 comprises the value of accountancy services provided, excluding Value Added Tax.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2007, is being amortised evenly over its estimated useful life of ten years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 25% on reducing balance
Computer equipment - 25% on reducing balance

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 12 (2023 - 12 ) .

PARKERS BUSINESS SERVICES LIMITED (REGISTERED NUMBER: 06152032)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST MARCH 2024

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1st April 2023
and 31st March 2024 1,008,000
AMORTISATION
At 1st April 2023 806,400
Charge for year 100,800
At 31st March 2024 907,200
NET BOOK VALUE
At 31st March 2024 100,800
At 31st March 2023 201,600

5. TANGIBLE FIXED ASSETS
Fixtures
and Computer
fittings equipment Totals
£    £    £   
COST
At 1st April 2023 32,511 5,482 37,993
Additions - 399 399
At 31st March 2024 32,511 5,881 38,392
DEPRECIATION
At 1st April 2023 23,771 2,379 26,150
Charge for year 2,185 875 3,060
At 31st March 2024 25,956 3,254 29,210
NET BOOK VALUE
At 31st March 2024 6,555 2,627 9,182
At 31st March 2023 8,740 3,103 11,843

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 95,047 119,830
Client work in progress 67,637 65,987
Other debtors 20,205 61,977
182,889 247,794

PARKERS BUSINESS SERVICES LIMITED (REGISTERED NUMBER: 06152032)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST MARCH 2024

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 25,000 25,000
Trade creditors 18,341 59,719
Taxation and social security 93,920 119,502
Other creditors 99,198 121,190
236,459 325,411

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans 35,417 60,417