S & A Parsons (Building Contractors) Ltd - Accounts to registrar (filleted)

REGISTERED NUMBER: 00969343 (England and Wales)

S. & A. Parsons (Building Contractors)

Limited

Unaudited Financial Statements

For The Year Ended 31 December 2024

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

Report of the Accountants

10

DIRECTORS:

S H Parsons

A R Parsons

S M Parsons

M H Parsons

SECRETARY:

S H Parsons

REGISTERED OFFICE:

65-67 Mansfield Road

High Moor

Killamarsh

Sheffield

S21 2BW

REGISTERED NUMBER:

00969343 (England and Wales)

ACCOUNTANTS:

Roddis Taylor Robinson

Chartered Accountants

Unit 6, Acorn Business Park

Woodseats Close

Sheffield

South Yorkshire

S8 0TB

FIXED ASSETS

Tangible assets

4

655,248

640,457

Investments

5

849

Investment property

6

36,500

166,500

692,597

807,806

CURRENT ASSETS

Stocks

1,000

Debtors

7

856,488

1,092,130

Cash at bank and in hand

576,797

240,980

1,434,285

1,334,110

CREDITORS

Amounts falling due within one year

8

587,439

728,456

NET CURRENT ASSETS

846,846

605,654

TOTAL ASSETS LESS CURRENT
LIABILITIES

1,539,443

1,413,460

CREDITORS

Amounts falling due after more than one
year

9

40,000

NET ASSETS

1,499,443

1,373,460

CAPITAL AND RESERVES

Called up share capital

10

40,000

Fair value reserve

11

27,513

123,453

Revaluation reserve

127,972

Retained earnings

1,303,958

1,082,035

SHAREHOLDERS' FUNDS

1,499,443

1,373,460

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 24 September 2025 and were signed on its behalf by:

S H Parsons - Director

1.	STATUTORY INFORMATION

S. & A. Parsons (Building Contractors) Limited 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 financial statements are presented in sterling which is the functional currency of the company and rounded to the nearest pound.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

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. The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

The financial statements have been prepared in accordance with applicable accounting standards. There were no material departures from those standards.

Going Concern

After due consideration of all relevant factors, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Accordingly, they continue to adopt the going concern basis in preparing the annual report and accounts.

Preparation of consolidated financial statements

The financial statements refer to the parent undertaking only. As a small company it is entitled to exemption under Section 399(1) of the Companies Act 2006 from the obligation to prepare group accounts.

Turnover

Turnover is measured at the fair value of the consideration received or receivable and represents the amount receivable for services rendered, net of returns, discounts and rebates allowed by the company and value added taxes.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Freehold property

-

2% straight line

Plant and machinery

-

25% on reducing balance and 20% straight line

Fixtures and fittings

-

25% on reducing balance

Motor vehicles

-

25% on reducing balance

Investment property

Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

Stocks

Stock and work in progress are valued at the lower of cost and net realisable value. Cost includes all direct expenditure and an appropriate proportion of fixed and variable overhead. Net realisable value is based on estimated selling price expected to be realised in the normal course of business less further cost to completion and selling costs.

Long term contracts

Turnover is recognised at the value of the work performed. Profit is recognised appropriately for the stage of completion of each project. Any losses foreseen are provided in full immediately.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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 balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet 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.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

Investments

Investments are stated at cost value. Dividends are accounted for when received.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 18 (2023 - 19 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

Freehold

Plant and

and

Motor

property

machinery

fittings

vehicles

Totals

£

COST OR VALUATION

At 1 January 2024

610,000

20,988

137,463

44,950

813,401

Additions

-

1,683

45,400

47,083

Disposals

-

(20,250

)

(20,250

)

At 31 December 2024

610,000

20,988

139,146

70,100

840,234

DEPRECIATION

At 1 January 2024

11,700

20,988

124,090

16,166

172,944

Charge for year

11,700

-

3,589

8,994

24,283

Eliminated on disposal

-

(12,241

)

(12,241

)

At 31 December 2024

23,400

20,988

127,679

12,919

184,986

NET BOOK VALUE

At 31 December 2024

586,600

-

11,467

57,181

655,248

At 31 December 2023

598,300

-

13,373

28,784

640,457

Cost or valuation at 31 December 2024 is represented by:

Fixtures

Freehold

Plant and

and

Motor

property

machinery

fittings

vehicles

Totals

£

Valuation in 2024

610,000

-

610,000

Cost

-

20,988

139,146

70,100

230,234

610,000

20,988

139,146

70,100

840,234

If freehold land and buildings had not been revalued they would have been included at the following historical cost:

2024

2023

£

Cost

482,028

Aggregate depreciation

197,145

177,863

Freehold land and buildings were valued on an open market basis on 17 November 2022 by Lambert Smith Hampton .

5.	FIXED ASSET INVESTMENTS

Other

investments

£

COST

At 1 January 2024

and 31 December 2024

849

NET BOOK VALUE

At 31 December 2024

849

At 31 December 2023

849

The above investments represent the company's investment in the shares of group undertakings.

6.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 January 2024

166,500

Disposals

(130,000

)

At 31 December 2024

36,500

NET BOOK VALUE

At 31 December 2024

36,500

At 31 December 2023

166,500

Fair value at 31 December 2024 is represented by:

£

Valuation in 2024

36,500

If investment properties had not been revalued they would have been included at the following historical cost:

2024

2023

£

Cost

3,514

20,146

Investment properties were valued on an open market basis on 31 December 2024 by the directors .

7.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

Trade debtors

526,731

719,765

Amounts recoverable on contracts

155,082

172,530

Other debtors

83,363

72,105

Deferred tax asset

64,759

99,205

Prepayments and accrued income

26,553

28,525

856,488

1,092,130

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

Trade creditors

354,794

508,122

Amounts owed to group undertakings

13,849

11,912

Social security and other taxes

168,127

127,819

Other creditors

3,742

3,889

Accruals and deferred income

46,927

76,714

587,439

728,456

9.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR

2024

2023

£

Amounts owed to group

undertakings

40,000

10.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2024

2023

value:

£

40,000

Ordinary

£1

40,000

11.

RESERVES

Fair

value

reserve

£

At 1 January 2024

123,453

Transfer to/from retained

earnings

(95,940

)

At 31 December 2024

27,513

12.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 December 2024 and 31 December 2023:

2024

2023

£

S H Parsons

Balance outstanding at start of year

35,000

-

Amounts advanced

-

35,000

Amounts repaid

-

Amounts written off

-

Amounts waived

-

Balance outstanding at end of year

35,000

S M Parsons

Balance outstanding at start of year

19,500

-

Amounts advanced

-

19,500

Amounts repaid

(10,000

)

-

Amounts written off

-

Amounts waived

-

Balance outstanding at end of year

9,500

19,500

M H Parsons

Balance outstanding at start of year

10,000

-

Amounts advanced

-

10,000

Amounts repaid

-

Amounts written off

-

Amounts waived

-

Balance outstanding at end of year

10,000

The following reproduces the text of the report prepared for the directors 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 Balance Sheet. Readers are cautioned that the Statement of Comprehensive Income and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

As described on the Balance Sheet you are responsible for the preparation of the financial statements for the year ended 31 December 2024 set out on pages three to eleven and you consider that the company is exempt from an audit.

In accordance with your instructions, we have compiled these unaudited financial statements in order to assist you to fulfil your statutory responsibilities, from the accounting records and information and explanations supplied to us.

Our report may not be relied upon by any person for any other purpose whatsoever.

Roddis Taylor Robinson neither owes nor accepts any duty to any other party and shall not be liable for any loss, damage or expenses of whatsoever nature which is caused by their reliance on these financial statements.

Roddis Taylor Robinson

Chartered Accountants

Unit 6, Acorn Business Park

Woodseats Close

Sheffield

South Yorkshire

S8 0TB

24 September 2025