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REGISTERED NUMBER: 06499495 (England and Wales)













Unaudited Financial Statements

for the Year Ended 31 March 2024

for

Parrott Services Limited

Parrott Services Limited (Registered number: 06499495)






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


Parrott Services Limited

Company Information
for the Year Ended 31 March 2024







DIRECTORS: D M Parrott
Mrs K E Parrott





SECRETARY: Mrs K E Parrott





REGISTERED OFFICE: 28 Dudley Street
Grimsby
N E Lincolnshire
DN31 2AB





REGISTERED NUMBER: 06499495 (England and Wales)

Parrott Services Limited (Registered number: 06499495)

Balance Sheet
31 March 2024

31.3.24 31.3.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 42,946 57,278

CURRENT ASSETS
Debtors 5 324,727 303,751
Cash at bank 65,739 28,673
390,466 332,424
CREDITORS
Amounts falling due within one year 6 72,316 62,434
NET CURRENT ASSETS 318,150 269,990
TOTAL ASSETS LESS CURRENT
LIABILITIES

361,096

327,268

PROVISIONS FOR LIABILITIES 10,737 10,883
NET ASSETS 350,359 316,385

CAPITAL AND RESERVES
Called up share capital 1,000 1,000
Retained earnings 7 349,359 315,385
SHAREHOLDERS' FUNDS 350,359 316,385

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 14 September 2024 and were signed on its behalf by:





D M Parrott - Director


Parrott Services Limited (Registered number: 06499495)

Notes to the Financial Statements
for the Year Ended 31 March 2024

1. STATUTORY INFORMATION

Parrott 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 is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 20% on reducing balance

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 2 ) .

Parrott Services Limited (Registered number: 06499495)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

4. TANGIBLE FIXED ASSETS
Plant and Motor Computer
machinery vehicles equipment Totals
£    £    £    £   
COST
At 1 April 2023 25,114 50,570 4,650 80,334
Additions 1,007 - 389 1,396
Disposals (6,423 ) - (3,625 ) (10,048 )
At 31 March 2024 19,698 50,570 1,414 71,682
DEPRECIATION
At 1 April 2023 6,620 13,038 3,398 23,056
Charge for year 3,774 9,383 257 13,414
Eliminated on disposal (4,318 ) - (3,416 ) (7,734 )
At 31 March 2024 6,076 22,421 239 28,736
NET BOOK VALUE
At 31 March 2024 13,622 28,149 1,175 42,946
At 31 March 2023 18,494 37,532 1,252 57,278

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Trade debtors 4,586 4,608
Inter company loan account 320,141 299,143
324,727 303,751

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Tax 31,038 21,489
Social security and other taxes 718 -
VAT 39,324 36,453
Directors' loan accounts 36 3,392
Accrued expenses 1,200 1,100
72,316 62,434

7. RESERVES
Retained
earnings
£   

At 1 April 2023 315,385
Profit for the year 78,974
Dividends (45,000 )
At 31 March 2024 349,359

8. CONTINGENT LIABILITIES

As far as the directors are aware they have not entered into any contracts which could give rise to any contingent liabilities.

Parrott Services Limited (Registered number: 06499495)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

9. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

As at 31st March 2024, the directors are owed £ 36 by the company, these amounts being shown as directors loan account in the creditors due within one year note to the accounts.

During the year dividends totalling £45,000 were paid the amount attributable to each director being £22,500.

10. ULTIMATE CONTROLLING PARTY

The controlling party is D M Parrott.