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Registered number: 14003942
Parsons Advisory Services Ltd
Unaudited Financial Statements
For The Year Ended 31 March 2024
Ryder Tax Consultants Ltd
Richmond Bridge House
419 Richmond Road
Twickenham
TW1 2EX
Unaudited Financial Statements
Contents
Page
Balance Sheet 1
Notes to the Financial Statements 2
Page 1
Balance Sheet
Registered number: 14003942
2024 2023
Notes £ £ £ £
CURRENT ASSETS
Cash at bank and in hand 10,611 11,803
10,611 11,803
Creditors: Amounts Falling Due Within One Year 4 (18,692 ) (17,400 )
NET CURRENT ASSETS (LIABILITIES) (8,081 ) (5,597 )
TOTAL ASSETS LESS CURRENT LIABILITIES (8,081 ) (5,597 )
NET LIABILITIES (8,081 ) (5,597 )
CAPITAL AND RESERVES
Called up share capital 5 1 1
Profit and Loss Account (8,082 ) (5,598 )
SHAREHOLDERS' FUNDS (8,081) (5,597)
For the year ending 31 March 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges her responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mrs Olga Zinovieva
Director
15/11/2024
The notes on page 2 form part of these financial statements.
Page 1
Page 2
Notes to the Financial Statements
1. General Information
Parsons Advisory Services Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 14003942 . The registered office is Richmond Bridge House, 419 Richmond Road, Twickenham, TW1 2EX.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Going Concern Disclosure
The directors have not identified any material uncertainties related to events or conditions that may cast significant doubt about the company's ability to continue as a going concern.
2.3. 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 is reduced for estimated customer returns, rebates and other similar allowances.
Rendering of services
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. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.4. Foreign Currencies
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate ruling on the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
2.5. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
Current or deferred tax for the year is recognised in profit or loss, except when they related to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also recognised in other comprehensive income or directly in equity respectively.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 1 (2023: 2)
1 2
4. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Accruals and deferred income 900 900
Director's loan account 17,792 16,500
18,692 17,400
5. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 1 1
Page 2