Company registration number 02323684 (England and Wales)
Parnell Engineering Ltd
UNAUDITED FINANCIAL STATEMENTS
for the year ended 31 January 2025
PAGES FOR FILING WITH REGISTRAR
Parnell Engineering Ltd
Contents
Page
Statement of financial position
1
Notes to the financial statements
2
Parnell Engineering Ltd
Statement Of Financial Position
as at 31 January 2025
- 1 -
2025
2024
Notes
£
£
£
£
Current assets
Debtors
1,735
2,274
Cash at bank and in hand
16,664
14,632
18,399
16,906
Creditors: amounts falling due within one year
(2,542)
(3,374)
Net current assets
15,857
13,532
Capital and reserves
Called up share capital
2
2
Profit and loss reserves
15,855
13,530
Total equity
15,857
13,532
For the financial year ended 31 January 2025 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 of its financial statements for the year in question in accordance with section 476.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.
These 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, all of the members of the company have consented to the preparation of abridged financial statements pursuant to paragraph 1A of Schedule 1 to the Small Companies and Groups (Accounts and Directors’ Report) Regulations (SI 2008/409)(b).
The directors of the company have elected not to include a copy of the income statement within the financial statements.true
The financial statements were approved by the board of directors and authorised for issue on 6 March 2025 and are signed on its behalf by:
E I Hammond
Director
Company registration number 02323684 (England and Wales)
Parnell Engineering Ltd
Notes to the financial statements
for the year ended 31 January 2025
- 2 -
1
Accounting policies
Accounting convention
These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.
The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.
The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.
Turnover
Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes.
Taxation
The tax expense represents the sum of the tax currently payable.
Current tax
The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the income statement because it excludes items of income or expense that are taxable or deductible in other years and it further excludes 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 reporting end date.
2
Employees
The average monthly number of persons (including directors) employed by the company during the year was:
2025
2024
Number
Number
Total
2
2
3
Company information
Parnell Engineering Ltd is a private company limited by shares incorporated in England and Wales. The registered office is 16 Torridon Road, Dewsbury, West Yorkshire, WF12 7NX.