Parissi Ltd - Filleted accounts

Registered number

08422526

Parissi Ltd

Filleted Accounts

28 February 2025

Parissi Ltd
Registered number:		08422526
Balance Sheet
as at 28 February 2025

Notes			2025			2024
£				£
Fixed assets
Tangible assets	3		39,574			42,489

Current assets
Stocks		2,542			2,542
Debtors	4	5,443			5,882
Cash at bank and in hand		2,129			4,393
		10,114			12,817

Creditors: amounts falling due within one year	5	(40,294)			(34,814)

Net current liabilities			(30,180)			(21,997)

Total assets less current liabilities			9,394			20,492

Creditors: amounts falling due after more than one year	6		(23,624)			(29,736)



Net liabilities			(14,230)			(9,244)

Capital and reserves
Called up share capital			1			1
Profit and loss account			(14,231)			(9,245)

Shareholder's funds			(14,230)			(9,244)

The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.




S Parissis
Director
Approved by the board on 15 October 2025

Parissi Ltd
Notes to the Accounts
for the year ended 28 February 2025


1	Accounting policies

	Basis of preparation
	The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).

	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 from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. 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.

	Intangible fixed assets
	Intangible fixed assets are measured at cost less accumulative amortisation and any accumulative impairment losses.

	Tangible fixed assets
	Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:

	Leasehold land and buildings			over the lease term
	Plant and machinery			10% reducing balance


	Stocks
	Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.

	Taxation
	A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.

	Pensions
	Contributions to defined contribution plans are expensed in the period to which they relate.


2	Employees					2025		2024
Number							Number

	Average number of persons employed by the company					11		7


3	Tangible fixed assets
				Land and buildings		Plant and machinery etc		Total
£					£		£
	Cost
	At 1 March 2024			23,593		56,099		79,692
	Additions			-		1,983		1,983
	At 28 February 2025			23,593		58,082		81,675

	Depreciation
	At 1 March 2024			12,377		24,826		37,203
	Charge for the year			1,572		3,326		4,898
	At 28 February 2025			13,949		28,152		42,101

	Net book value
	At 28 February 2025			9,644		29,930		39,574
	At 29 February 2024			11,216		31,273		42,489


4	Debtors					2025		2024
£							£

	Director's current account					-		966
	Other debtors					5,443		4,916
						5,443		5,882


5	Creditors: amounts falling due within one year					2025		2024
£							£

	Bank loans and overdrafts					5,556		5,000
	Trade creditors					9,553		5,249
	Taxation and social security costs					10,778		15,955
	Other creditors					14,407		8,610
						40,294		34,814


6	Creditors: amounts falling due after one year					2025		2024
£							£

	Bank loans					23,624		29,736


7	Loans to directors
	Description and conditions	B/fwd	Paid		Repaid		C/fwd
£			£		£		£
	S Parissis
	Current Account	966		-		(966)		-

		966		-		(966)		-


8	Related party transactions

	The Director was owed £6040 at 28th February 2025.


9	Controlling party

	The Company is wholly owned by the sole Director.


10	Other information

	Parissi Ltd is a private company limited by shares and incorporated in England. Its registered office is:
	Midways
	Freezeland Lane
	Bexhill on Sea
	East Sussex
	TN39 5JD