Company Registration No. 06013679 (England and Wales)
Parsons Refrigeration Limited
Unaudited accounts
for the year ended 31 January 2025
Parsons Refrigeration Limited
Unaudited accounts
Contents
Parsons Refrigeration Limited
Company Information
for the year ended 31 January 2025
Directors
Jennifer Alison Parsons
Kenneth Craig Parsons
Secretary
Jennifer Alison Parsons
Company Number
06013679 (England and Wales)
Registered Office
Chafys Farm House
Bishops Down
Sherborne
Dorset
DT9 5PN
England
Accountants
Wessex Commercial Solutions Limited
Yeovil Innovation Centre
Barracks Close
Yeovil
BA22 8RN
Parsons Refrigeration Limited
Statement of financial position
as at 31 January 2025
Tangible assets
42,853
56,393
Cash at bank and in hand
249,853
212,558
Creditors: amounts falling due within one year
(103,667)
(124,272)
Net current assets
298,264
256,399
Total assets less current liabilities
341,117
312,792
Provisions for liabilities
Deferred tax
(8,142)
(10,715)
Net assets
332,975
302,077
Called up share capital
111
111
Capital redemption reserve
11
11
Profit and loss account
332,853
301,955
Shareholders' funds
332,975
302,077
For the year ending 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 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 5 April 2025 and were signed on its behalf by
Jennifer Alison Parsons
Director
Company Registration No. 06013679
Parsons Refrigeration Limited
Notes to the Accounts
for the year ended 31 January 2025
Parsons Refrigeration Limited is a private company, limited by shares, registered in England and Wales, registration number 06013679. The registered office is Chafys Farm House, Bishops Down, Sherborne, Dorset, DT9 5PN, 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.
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.
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.
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
The intangible asset, being goodwill, relates to the acquisition of a business in 2007 and was amortised evenly over it's estimated useful life of 5 years.
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 on reducing balance.
Parsons Refrigeration Limited
Notes to the Accounts
for the year ended 31 January 2025
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
4
Intangible fixed assets
Goodwill
5
Tangible fixed assets
Plant & machinery
Motor vehicles
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At cost
At 1 February 2024
39,926
85,608
3,237
5,686
134,457
At 31 January 2025
40,506
85,608
3,237
5,686
135,037
At 1 February 2024
31,482
38,927
3,210
4,445
78,064
Charge for the year
2,132
11,670
7
311
14,120
At 31 January 2025
33,614
50,597
3,217
4,756
92,184
At 31 January 2025
6,892
35,011
20
930
42,853
At 31 January 2024
8,444
46,681
27
1,241
56,393
Amounts falling due within one year
Trade debtors
46,976
123,419
Accrued income and prepayments
52,380
3,790
Parsons Refrigeration Limited
Notes to the Accounts
for the year ended 31 January 2025
7
Creditors: amounts falling due within one year
2025
2024
Trade creditors
69,593
23,950
Taxes and social security
17,924
22,046
Loans from directors
1,257
55,257
8
Average number of employees
During the year the average number of employees was 4 (2024: 5).