Company Registration No. 04509000 (England and Wales)
Parson Limited
Unaudited accounts
for the period from 1 October 2023 to 30 April 2024
Parson Limited
Unaudited accounts
Contents
Parson Limited
Company Information
for the period from 1 October 2023 to 30 April 2024
Directors
Sally White
Benjamin White
Company Number
04509000 (England and Wales)
Registered Office
17-19 St. Georges Street
Norwich
Norfolk
NR3 1AB
England
Accountants
Together Accounting Limited
17-19 St Georges Street
Norwich
Norfolk
NR3 1AB
Parson Limited
Statement of financial position
as at 30 April 2024
Cash at bank and in hand
-
106,707
Creditors: amounts falling due within one year
(21,639)
(41,489)
Net current assets
20,138
73,157
Total assets less current liabilities
20,139
81,082
Creditors: amounts falling due after more than one year
-
(27,442)
Provisions for liabilities
Called up share capital
100
100
Profit and loss account
20,039
51,725
Shareholders' funds
20,139
51,825
For the period ending 30 April 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 directors acknowledge their 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 of Directors and authorised for issue on 2 June 2025 and were signed on its behalf by
Sally White
Director
Company Registration No. 04509000
Parson Limited
Notes to the Accounts
for the period from 1 October 2023 to 30 April 2024
Parson Limited is a private company, limited by shares, registered in England and Wales, registration number 04509000. The registered office is 17-19 St. Georges Street, Norwich, Norfolk, NR3 1AB, England.
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.
These financial statements for the period from 1 October 2023 to 30 April 2024 are the first financial statements that comply with FRS 102 Section 1A Small Entities. The date of transition is 1 October 2022.
The transition to FRS 102 Section 1A Small Entities has resulted in a small number of changes in accounting policies to those used previously.
The nature of these changes and their impact on opening equity and profit for the comparative period are explained in the notes below.
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.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Fixtures & fittings
25% - Reducing Balance
Computer equipment
33% - Straight Line Method
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
Turnover represents the value, net of VAT and discounts, of goods provided to customers and work carried out in respect of services provided to customers.
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws.
Deferred tax assets and liabilities are not discounted.
Parson Limited
Notes to the Accounts
for the period from 1 October 2023 to 30 April 2024
4
Intangible fixed assets
Other
5
Tangible fixed assets
Plant & machinery
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At 1 October 2023
28,190
-
52,925
81,115
Additions
-
1,652
3,000
4,652
Disposals
(28,190)
(1,652)
(55,925)
(85,767)
At 1 October 2023
26,808
-
46,544
73,352
Charge for the period
240
-
52
292
On disposals
(26,860)
-
(46,785)
(73,645)
At 30 April 2024
188
-
(189)
(1)
At 30 April 2024
(188)
-
189
1
At 30 September 2023
1,382
-
6,381
7,763
Amounts falling due within one year
Accrued income and prepayments
-
2,139
Parson Limited
Notes to the Accounts
for the period from 1 October 2023 to 30 April 2024
7
Creditors: amounts falling due within one year
2024
2023
Bank loans and overdrafts
1,096
1,809
Trade creditors
3,442
7,520
Taxes and social security
3,788
7,139
Loans from directors
-
451
8
Creditors: amounts falling due after more than one year
2024
2023
9
Average number of employees
During the period the average number of employees was 0 (2023: 0).