1 August 2023 false No description of principal activity Taxfiler 2024.6.1 08148334business:PrivateLimitedCompanyLtd2023-08-012024-07-31 081483342023-07-31 081483342023-08-012024-07-31 08148334business:AuditExemptWithAccountantsReport2023-08-012024-07-31 08148334business:FilletedAccounts2023-08-012024-07-31 081483342024-07-31 08148334business:Director12023-08-012024-07-31 08148334business:RegisteredOffice2023-08-012024-07-31 081483342023-07-31 08148334core:WithinOneYear2024-07-31 08148334core:WithinOneYear2023-07-31 08148334core:AfterOneYear2024-07-31 08148334core:AfterOneYear2023-07-31 08148334core:ShareCapitalcore:PreviouslyStatedAmount2024-07-31 08148334core:ShareCapitalcore:PreviouslyStatedAmount2023-07-31 08148334core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2024-07-31 08148334core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2023-07-31 08148334core:PreviouslyStatedAmount2024-07-31 08148334core:PreviouslyStatedAmount2023-07-31 08148334business:SmallEntities2023-08-012024-07-31 08148334countries:EnglandWales2023-08-012024-07-31 08148334core:Goodwill2023-07-31 08148334core:Goodwill2024-07-31 081483342022-08-012023-07-31 iso4217:GBP xbrli:pure
Company Registration No. 08148334 (England and Wales)
Parsons Associates Limited Unaudited accounts for the year ended 31 July 2024
Parsons Associates Limited Unaudited accounts Contents
Page
- 2 -
Parsons Associates Limited Company Information for the year ended 31 July 2024
Director
M Parsons
Company Number
08148334 (England and Wales)
Registered Office
RIVER VIEW WOODFORD ROAD LITTLE ADDINGTON KETTERING NORTHAMPTONSHIRE NN14 4BA
Accountants
Kate Brown The Annexe, Rectory Farm Cranford Road Great Addington, Kettering Northants NN14 4BQ
- 3 -
Parsons Associates Limited Statement of financial position as at 31 July 2024
2024 
2023 
Notes
£ 
£ 
Current assets
Debtors
31,063 
2,268 
Cash at bank and in hand
52,728 
73,908 
83,791 
76,176 
Creditors: amounts falling due within one year
(49,194)
(47,219)
Net current assets
34,597 
28,957 
Total assets less current liabilities
34,597 
28,957 
Creditors: amounts falling due after more than one year
(10,433)
(16,802)
Net assets
24,164 
12,155 
Capital and reserves
Called up share capital
10 
10 
Profit and loss account
24,154 
12,145 
Shareholders' funds
24,164 
12,155 
For the year ending 31 July 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 17 September 2024 and were signed on its behalf by
M Parsons Director Company Registration No. 08148334
- 4 -
Parsons Associates Limited Notes to the Accounts for the year ended 31 July 2024
1
Statutory information
Parsons Associates Limited is a private company, limited by shares, registered in England and Wales, registration number 08148334. The registered office is RIVER VIEW WOODFORD ROAD, LITTLE ADDINGTON, KETTERING, NORTHAMPTONSHIRE, NN14 4BA.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. 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.
Intangible fixed assets
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
4
Intangible fixed assets
Goodwill 
£ 
Cost
At 1 August 2023
10,000 
At 31 July 2024
10,000 
Amortisation
At 1 August 2023
10,000 
At 31 July 2024
10,000 
Net book value
At 31 July 2024
- 
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Trade debtors
31,063 
2,268 
- 5 -
Parsons Associates Limited Notes to the Accounts for the year ended 31 July 2024
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Bank loans and overdrafts
567 
- 
VAT
16,423 
5,357 
Taxes and social security
31,000 
40,695 
Loans from directors
751 
734 
Accruals
453 
433 
49,194 
47,219 
7
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Bank loans
10,433 
16,802 
8
Average number of employees
During the year the average number of employees was 1 (2023: 1).
- 6 -