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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
Page
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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
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Parsons Refrigeration Limited Statement of financial position as at 31 January 2025
2025 
2024 
Notes
£ 
£ 
Fixed assets
Tangible assets
42,853 
56,393 
Current assets
Inventories
52,722 
39,233 
Debtors
99,356 
128,880 
Cash at bank and in hand
249,853 
212,558 
401,931 
380,671 
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 
Capital and reserves
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
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Parsons Refrigeration Limited Notes to the Accounts for the year ended 31 January 2025
1
Statutory information
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.
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.
Deferred taxation
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
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.
Plant & machinery
25%
Motor vehicles
25%
Fixtures & fittings
25%
Computer equipment
25%
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Parsons Refrigeration Limited Notes to the Accounts for the year ended 31 January 2025
Inventories
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 
£ 
Cost
At 1 February 2024
5,000 
At 31 January 2025
5,000 
Amortisation
At 1 February 2024
5,000 
At 31 January 2025
5,000 
Net book value
At 31 January 2025
- 
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 
Additions
580 
- 
- 
- 
580 
At 31 January 2025
40,506 
85,608 
3,237 
5,686 
135,037 
Depreciation
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 
Net book value
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 
6
Debtors
2025 
2024 
£ 
£ 
Amounts falling due within one year
Trade debtors
46,976 
123,419 
Accrued income and prepayments
52,380 
3,790 
Other debtors
- 
1,671 
99,356 
128,880 
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Parsons Refrigeration Limited Notes to the Accounts for the year ended 31 January 2025
7
Creditors: amounts falling due within one year
2025 
2024 
£ 
£ 
VAT
14,893 
21,417 
Trade creditors
69,593 
23,950 
Taxes and social security
17,924 
22,046 
Other creditors
- 
360 
Loans from directors
1,257 
55,257 
Deferred income
- 
1,242 
103,667 
124,272 
8
Average number of employees
During the year the average number of employees was 4 (2024: 5).
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