C & N Parsons Limited - Filleted accounts

Registered number

10688599

C & N Parsons Limited

Unaudited Filleted Accounts

31 March 2025

C & N Parsons Limited
Registered number:		10688599
Balance Sheet
as at 31 March 2025

Notes			2025			2024
£				£
Fixed assets
Tangible assets	3		51,687			46,534

Current assets
Stocks		12,193			14,463
Debtors	4	73,779			30,631
Cash at bank and in hand		127,025			147,881
		212,997			192,975

Creditors: amounts falling due within one year	5	(154,009)			(129,044)

Net current assets			58,988			63,931

Total assets less current liabilities			110,675			110,465

Creditors: amounts falling due after more than one year	6		(5,819)			(11,925)

Provisions for liabilities			(12,224)			(10,758)


Net assets			92,632			87,782

Capital and reserves
Called up share capital			2			2
Profit and loss account			92,630			87,780

Shareholders' funds			92,632			87,782

The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their 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.




Mrs C Parsons
Director
Approved by the board on 24 October 2025

C & N Parsons Limited
Notes to the Accounts
for the year ended 31 March 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). The financial statements are presented in sterling which the functional currency of the company and are rounded to the nearest £.

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

	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:

	Plant and machinery			20% straight line
	Fixtures, fittings, tools and equipment			20% straight line
	Motor vehicles			20% 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.

	Debtors/creditors receivable/payable within one year
	Debtor and creditors with no stated interest rate and receivable and payable within one year are recorded at transaction price. Any losses from impairment are recognised in the profit and loss account in other administrative expenses.

	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.

	Provisions
	Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.

	Leased assets
	A lease is classified as a finance lease if it transfers substantially all the risks and rewards incidental to ownership. All other leases are classified as operating leases. The rights of use and obligations under finance leases are initially recognised as assets and liabilities at amounts equal to the fair value of the leased assets or, if lower, the present value of the minimum lease payments. Minimum lease payments are apportioned between the finance charge and the reduction in the outstanding liability using the effective interest rate method. The finance charge is allocated to each period during the lease so as to produce a constant periodic rate of interest on the remaining balance of the liability. Leased assets are depreciated in accordance with the company's policy for tangible fixed assets. If there is no reasonable certainty that ownership will be obtained at the end of the lease term, the asset is depreciated over the lower of the lease term and its useful life. Operating lease payments are recognised as an expense on a straight line basis over the lease term.

	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					26		21


3	Tangible fixed assets
				Plant and machinery etc		Motor vehicles		Total
£					£		£
	Cost
	At 1 April 2024			68,785		37,812		106,597
	Additions			5,844		37,065		42,909
	Disposals			-		(37,811)		(37,811)
	At 31 March 2025			74,629		37,066		111,695

	Depreciation
	At 1 April 2024			43,048		17,015		60,063
	Charge for the year			9,547		7,413		16,960
	On disposals			-		(17,015)		(17,015)
	At 31 March 2025			52,595		7,413		60,008

	Net book value
	At 31 March 2025			22,034		29,653		51,687
	At 31 March 2024			25,737		20,797		46,534


4	Debtors					2025		2024
£							£

	Other debtors					73,779		30,631


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

	Bank loans and overdrafts					10,827		10,574
	Obligations under finance lease and hire purchase contracts					2,845		-
	Trade creditors					76,252		61,297
	Taxation and social security costs					56,384		46,496
	Other creditors					7,701		10,677
						154,009		129,044


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

	Bank loans					1,673		11,925
	Obligations under finance lease and hire purchase contracts					4,146		-
						5,819		11,925


7	Other financial commitments					2025		2024
£							£

	Total future minimum payments under non-cancellable operating leases					206,506		262,826


8	Loans to directors
	Description and conditions	B/fwd	Paid		Repaid		C/fwd
£			£		£		£

	Loan is interest free and repayable on demand	9,456		42,330		(12,533)		39,253

		9,456		42,330		(12,533)		39,253


9	Other information

	C & N Parsons Limited is a private company limited by shares and incorporated in England. Its registered office is:

	5 Providence Court
	Pynes Hill
	Exeter
	Devon
	EX2 5JL