Parstow Limited 04280805 false 2023-02-01 2024-01-31 2024-01-31 The principal activity of the company is property renovation and sales. Digita Accounts Production Advanced 6.30.9574.0 true true 04280805 2023-02-01 2024-01-31 04280805 2024-01-31 04280805 core:RetainedEarningsAccumulatedLosses 2024-01-31 04280805 core:ShareCapital 2024-01-31 04280805 core:CurrentFinancialInstruments 2024-01-31 04280805 core:CurrentFinancialInstruments core:WithinOneYear 2024-01-31 04280805 core:Non-currentFinancialInstruments core:AfterOneYear 2024-01-31 04280805 core:FurnitureFittingsToolsEquipment 2024-01-31 04280805 bus:SmallEntities 2023-02-01 2024-01-31 04280805 bus:AuditExemptWithAccountantsReport 2023-02-01 2024-01-31 04280805 bus:FullAccounts 2023-02-01 2024-01-31 04280805 bus:SmallCompaniesRegimeForAccounts 2023-02-01 2024-01-31 04280805 bus:RegisteredOffice 2023-02-01 2024-01-31 04280805 bus:CompanySecretaryDirector1 2023-02-01 2024-01-31 04280805 bus:PrivateLimitedCompanyLtd 2023-02-01 2024-01-31 04280805 core:FurnitureFittings 2023-02-01 2024-01-31 04280805 core:FurnitureFittingsToolsEquipment 2023-02-01 2024-01-31 04280805 countries:EnglandWales 2023-02-01 2024-01-31 04280805 2023-01-31 04280805 core:FurnitureFittingsToolsEquipment 2023-01-31 04280805 2022-02-01 2023-01-31 04280805 2023-01-31 04280805 core:RetainedEarningsAccumulatedLosses 2023-01-31 04280805 core:ShareCapital 2023-01-31 04280805 core:CurrentFinancialInstruments 2023-01-31 04280805 core:CurrentFinancialInstruments core:WithinOneYear 2023-01-31 04280805 core:Non-currentFinancialInstruments core:AfterOneYear 2023-01-31 04280805 core:FurnitureFittingsToolsEquipment 2023-01-31 iso4217:GBP xbrli:pure

Registration number: 04280805

Parstow Limited

Unaudited Financial Statements

for the Year Ended 31 January 2024

 

Parstow Limited

Contents

Balance Sheet

1 to 2

Notes to the Unaudited Financial Statements

3 to 6

 

Parstow Limited

(Registration number: 04280805)
Balance Sheet as at 31 January 2024

Note

2024
£

2023
£

Fixed assets

 

Tangible assets

4

391

435

Current assets

 

Stocks

5

122,295

-

Debtors

-

2,177

Cash at bank and in hand

 

399

19,909

 

122,694

22,086

Creditors: Amounts falling due within one year

6

(125,396)

-

Net current (liabilities)/assets

 

(2,702)

22,086

Total assets less current liabilities

 

(2,311)

22,521

Creditors: Amounts falling due after more than one year

6

-

(26,279)

Net liabilities

 

(2,311)

(3,758)

Capital and reserves

 

Called up share capital

10

10

Retained earnings

(2,321)

(3,768)

Shareholders' deficit

 

(2,311)

(3,758)

For the financial year ending 31 January 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 10 October 2024 and signed on its behalf by:
 

 

Parstow Limited

(Registration number: 04280805)
Balance Sheet as at 31 January 2024

.........................................
Mr B Carlos
Company secretary and director

 

Parstow Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 January 2024

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
9 Normandy Grove
Stoke-On-Trent
Staffordshire
ST2 7NU

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Going concern

The financial statements have been prepared on a going concern basis. The company meets its day to day working capital requirements through funds provided by the directors. The directors consider that these facilities will continue to be made available to the company. On this basis, the directors consider it appropriate to prepare the financial statements on the going concern basis. The financial statements do not include any adjustments which would result if the going concern basis were not appropriate.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

 

Parstow Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 January 2024

Depreciation

Depreciation is charged so as to write off the cost of assets less estimated residual value, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Fixtures and fittings

10% Reducing balance

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method.

The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the inventories to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are impaired, the carrying amount is reduced to its selling price less costs to complete and sell; the impairment loss is recognised immediately in profit or loss.

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 2 (2023 - 2).

 

Parstow Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 January 2024

4

Tangible assets

Furniture, fittings and equipment
 £

Total
£

Cost or valuation

At 1 February 2023

3,209

3,209

At 31 January 2024

3,209

3,209

Depreciation

At 1 February 2023

2,774

2,774

Charge for the year

44

44

At 31 January 2024

2,818

2,818

Carrying amount

At 31 January 2024

391

391

At 31 January 2023

435

435

5

Stocks

2024
£

2023
£

Stock

122,295

-

 

Parstow Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 January 2024

6

Creditors

Creditors: amounts falling due within one year

2024
£

2023
£

Due within one year

Trade creditors

298

-

Other creditors

125,098

-

125,396

-

Creditors: amounts falling due after more than one year

2024
£

2023
£

Due after one year

Other creditors

-

26,279