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REGISTERED NUMBER: 09313448 (England and Wales)














Unaudited Financial Statements

for the Year Ended 30 November 2024

for

Parsons Consulting Engineers Ltd.

Parsons Consulting Engineers Ltd. (Registered number: 09313448)

Contents of the Financial Statements
for the Year Ended 30 November 2024










Page

Company information 1

Chartered accountants' report 2

Statement of financial position 3 to 4

Notes to the financial statements 5 to 8


Parsons Consulting Engineers Ltd.

Company Information
for the Year Ended 30 November 2024







Director: Mr T B Parsons





Registered office: 75 Priors Road
Whittlesey
Peterborough
Cambridgeshire
PE7 1LQ





Registered number: 09313448 (England and Wales)





Accountants: Moore Thompson
Bank House
Broad Street
Spalding
Lincolnshire
PE11 1TB

Chartered Accountants' Report to the Director
on the Unaudited Financial Statements of
Parsons Consulting Engineers Ltd.


The following reproduces the text of the report prepared for the director in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Statement of financial position. Readers are cautioned that the Income statement and certain other primary statements and the Report of the director are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Parsons Consulting Engineers Ltd. for the year ended 30 November 2024 which comprise the Statement of income and retained earnings, Statement of financial position and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the director of Parsons Consulting Engineers Ltd. in accordance with the terms of our engagement letter dated 29 March 2019. Our work has been undertaken solely to prepare for your approval the financial statements of Parsons Consulting Engineers Ltd. and state those matters that we have agreed to state to the director of Parsons Consulting Engineers Ltd. in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Parsons Consulting Engineers Ltd. and its director for our work or for this report.

It is your duty to ensure that Parsons Consulting Engineers Ltd. has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Parsons Consulting Engineers Ltd.. You consider that Parsons Consulting Engineers Ltd. is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Parsons Consulting Engineers Ltd.. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






Moore Thompson
Bank House
Broad Street
Spalding
Lincolnshire
PE11 1TB


28 August 2025

Parsons Consulting Engineers Ltd. (Registered number: 09313448)

Statement of Financial Position
30 November 2024

2024 2023
Notes £    £    £    £   
Fixed assets
Tangible assets 5 8,141 10,060

Current assets
Stocks 33,178 27,680
Debtors 6 30,770 110,266
Cash at bank 91,890 32,268
155,838 170,214
Creditors
Amounts falling due within one year 7 38,433 50,276
Net current assets 117,405 119,938
Total assets less current liabilities 125,546 129,998

Provisions for liabilities 2,035 2,515
Net assets 123,511 127,483

Capital and reserves
Called up share capital 8 500 500
Retained earnings 123,011 126,983
Shareholders' funds 123,511 127,483

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 November 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

Parsons Consulting Engineers Ltd. (Registered number: 09313448)

Statement of Financial Position - continued
30 November 2024


The 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, the Statement of income and retained earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 28 August 2025 and were signed by:





Mr T B Parsons - Director


Parsons Consulting Engineers Ltd. (Registered number: 09313448)

Notes to the Financial Statements
for the Year Ended 30 November 2024


1. Statutory information

Parsons Consulting Engineers Ltd. is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).


2. Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006.

3. Accounting policies

Basis of preparing the financial statements
The financial statements have been prepared on the historical cost basis.

Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for goods supplied and services rendered, stated net of discounts and of Value Added Tax.

Tangible assets
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in equity, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation, is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in equity in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in equity in respect of that asset, the excess shall be recognised in profit or loss.

Depreciation
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 20% on a straight line basis
Computer equipment - 20% on a straight line basis

Impairment of fixed assets

A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date.

For the purposes of impairment testing, when it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that largely independent of the cash inflows from other assets or groups of assets.

Parsons Consulting Engineers Ltd. (Registered number: 09313448)

Notes to the Financial Statements - continued
for the Year Ended 30 November 2024


3. Accounting policies - continued

Work in progress
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stock to its present location and condition.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Defined contribution plans
Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund.

When contributions are not expected to be settled wholly within 12 months of the end of the reporting date in which the employees render the related service, the liability is measured on a discounted present value basis. The unwinding of the discount is recognised as a finance cost in profit or loss in the period in which it arises.

4. Employees and directors

The average number of employees during the year was 11 (2023 - 10 ) .

Parsons Consulting Engineers Ltd. (Registered number: 09313448)

Notes to the Financial Statements - continued
for the Year Ended 30 November 2024


5. Tangible fixed assets
Plant and Computer
machinery equipment Totals
£    £    £   
Cost
At 1 December 2023
and 30 November 2024 737 35,153 35,890
Depreciation
At 1 December 2023 304 25,526 25,830
Charge for year 86 1,833 1,919
At 30 November 2024 390 27,359 27,749
Net book value
At 30 November 2024 347 7,794 8,141
At 30 November 2023 433 9,627 10,060

6. Debtors: amounts falling due within one year
2024 2023
£    £   
Trade debtors 26,525 106,609
Directors' current accounts 564 240
Prepayments 3,681 3,417
30,770 110,266

7. Creditors: amounts falling due within one year
2024 2023
£    £   
Corporation tax 7,596 6,340
Social security and other taxes 8,474 6,672
VAT 16,628 33,092
Other creditors 1,675 1,160
Accruals and deferred income 4,060 3,012
38,433 50,276

8. Called up share capital

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
500 Ordinary shares £1 500 500

Parsons Consulting Engineers Ltd. (Registered number: 09313448)

Notes to the Financial Statements - continued
for the Year Ended 30 November 2024


9. Director's advances, credits and guarantees

The following advances and credits to a director subsisted during the years ended 30 November 2024 and 30 November 2023:

2024 2023
£    £   
Mr T B Parsons
Balance outstanding at start of year 240 (20 )
Amounts advanced 67,324 70,760
Amounts repaid (67,000 ) (70,500 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 564 240