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
Parsons Associates Limited
Company Information
for the year ended 31 July 2024
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
Parsons Associates Limited
Statement of financial position
as at 31 July 2024
Cash at bank and in hand
52,728
73,908
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)
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
Parsons Associates Limited
Notes to the Accounts
for the year ended 31 July 2024
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.
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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
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 (including purchased goodwill and patents) are included at cost less accumulated amortisation.
4
Intangible fixed assets
Goodwill
Amounts falling due within one year
Trade debtors
31,063
2,268
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
-
Taxes and social security
31,000
40,695
Loans from directors
751
734
7
Creditors: amounts falling due after more than one year
2024
2023
8
Average number of employees
During the year the average number of employees was 1 (2023: 1).