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Registered number: 13399441
Parlby Somerville Ltd
Unaudited Financial Statements
For The Year Ended 31 May 2025
Parlby Somerville Ltd
Contents
Contents

| Page
--- | ---
Balance Sheet | 1—2
Notes to the Financial Statements | 3—6

Page 1
Parlby Somerville Ltd
Balance Sheet
As At 31 May 2025
Balance Sheet
Registered number: 13399441

| 2025 | 2024
--- | --- | ---
| Notes | £ | £ | £ | £
FIXED ASSETS
Intangible Assets | 4 |  | 9,000 |  | -
Tangible Assets | 5 |  | 4,120 |  | 1,357
|  |  | 13,120 |  | 1,357
CURRENT ASSETS
Stocks | 6 | 38,473 |  | 49,202 |
Debtors | 7 | 55,348 |  | 38,578 |
Cash at bank and in hand |  | 232,741 |  | 151,997 |
|  | 326,562 |  | 239,777 |
Creditors: Amounts Falling Due Within One Year | 8 | (132,176 ) |  | (72,126 ) |
NET CURRENT ASSETS (LIABILITIES) |  |  | 194,386 |  | 167,651
TOTAL ASSETS LESS CURRENT LIABILITIES |  |  | 207,506 |  | 169,008
NET ASSETS |  |  | 207,506 |  | 169,008
CAPITAL AND RESERVES
Called up share capital | 9 |  | 550 |  | 550
Profit and Loss Account |  |  | 206,956 |  | 168,458
SHAREHOLDERS' FUNDS |  |  | 207,506 |  | 169,008

Page 1
Page 2
Parlby Somerville Ltd
Balance Sheet (continued)
As At 31 May 2025
For the year ending 31 May 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his 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.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board

Mr P Somerville Director
7 October 2025

The notes on pages 3 to 6 form part of these financial statements.
Page 2
Page 3
Parlby Somerville Ltd
Notes to the Financial Statements
For The Year Ended 31 May 2025
Notes to the Financial Statements
1. General Information
Parlby Somerville Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 13399441 . The registered office is Genesis Office 6, 235 Union Street, Plymouth, Devon, PL1 3HN.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
2.3. Intangible Fixed Assets and Amortisation - Goodwill
Goodwill is the difference between amounts paid on the acquisition of a business and the fair value of the separable net assets. It is amortised to the profit and loss account over its estimated economic life of 10 years.
Amortisation:
Amortisation is provided on intangible assets so as to write off the cost, less any estimated residual value, over
their useful life as follows:
Asset class Amortisation method and rate
Goodwill 10% straight line
2.4. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Fixtures & Fittings | 25% reducing balance
Computer Equipment | 3 years straight line

2.5. Stocks and Work in Progress
WIP is measured at the lower of cost and net realisable value. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.
2.6. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
Current or deferred tax for the year is recognised in profit or loss, except when they related to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also recognised in other comprehensive income or directly in equity respectively.
Page 3
Page 4
Parlby Somerville Ltd
Notes to the Financial Statements (continued)
For The Year Ended 31 May 2025
3. Average Number of Employees
Average number of employees, including directors, during the year was: 5 (2024: 5)
5 5
4. Intangible Assets

| Goodwill
--- | ---
| £
Cost
As at 1 June 2024 | -
Additions | 10,000
As at 31 May 2025 | 10,000
Amortisation
As at 1 June 2024 | -
Provided during the period | 1,000
As at 31 May 2025 | 1,000
Net Book Value
As at 31 May 2025 | 9,000
As at 1 June 2024 | -

5. Tangible Assets

| Fixtures & Fittings | Computer Equipment | Total
--- | --- | --- | ---
| £ | £ | £
Cost
As at 1 June 2024 | 1,000 | 4,148 | 5,148
Additions | 2,865 | 1,600 | 4,465
As at 31 May 2025 | 3,865 | 5,748 | 9,613
Depreciation
As at 1 June 2024 | 579 | 3,212 | 3,791
Provided during the period | 105 | 1,597 | 1,702
As at 31 May 2025 | 684 | 4,809 | 5,493
Net Book Value
As at 31 May 2025 | 3,181 | 939 | 4,120
As at 1 June 2024 | 421 | 936 | 1,357

6. Stocks

| 2025 |  | 2024
--- | --- | --- | ---
| £ |  | £
Work in progress | 38,473 |  | 49,202

Page 4
Page 5
Parlby Somerville Ltd
Notes to the Financial Statements (continued)
For The Year Ended 31 May 2025
7. Debtors

| 2025 |  | 2024
--- | --- | --- | ---
| £ |  | £
Due within one year
Trade debtors | 52,671 |  | 36,843
Other debtors | 2,677 |  | 1,735
| 55,348 |  | 38,578

8. Creditors: Amounts Falling Due Within One Year

| 2025 |  | 2024
--- | --- | --- | ---
| £ |  | £
Trade creditors | 7,751 |  | -
Other creditors | 49,298 |  | 3,322
Taxation and social security | 75,127 |  | 68,804
| 132,176 |  | 72,126

9. Share Capital

| 2025 |  | 2024
--- | --- | --- | ---
| £ |  | £
Allotted, Called up and fully paid | 550 |  | 550

At the beginning of the year, the company’s issued share capital comprised 500 Ordinary A shares and 50 Ordinary B shares. During the year, a share restructuring was undertaken.
On 7th January 2025, 2 Ordinary A shares were converted into 1 Ordinary C share and 1 Ordinary D share.

Share Class | Number of Shares | Nominal Value per Share | Total Nominal Value
Ordinary A | 500 | £1 | £500
Ordinary B | 48 | £1 | £48
Ordinary C | 1 | £1 | £1
Ordinary D | 1 | £1 | £1

Rights Attaching to Shares
All Ordinary shares (A, C, and D) carry the same rights, unless otherwise stated in the Articles of Association. Each share is:

- Entitled to one vote in any circumstances;

- Entitled to receive dividends or any other distribution;

- Entitled to participate in a distribution arising from a winding up of the company.

Page 5
Page 6
Parlby Somerville Ltd
Notes to the Financial Statements (continued)
For The Year Ended 31 May 2025
10. Directors Advances, Credits and Guarantees
Included within Debtors are the following loans to directors:

| As at 1 June 2024 | Amounts advanced | Amounts repaid | Amounts written off | As at 31 May 2025
--- | --- | --- | --- | --- | ---
| £ | £ | £ | £ | £
Mr Patrick Somerville | 184 | 118,917 | 133,712 | - | (14,610 )

The loan is unsecured, repayable on demand, and carries interest at HMRC’s official rate of interest.
Page 6