REGISTERED NUMBER: 15476404 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE PERIOD 9 FEBRUARY 2024 TO 28 FEBRUARY 2025

FOR

PARRS FREE MOTION RULERS LTD

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Y Tak

J Marlow

V A Shenton

REGISTERED OFFICE:

84 Colossus Way

Bletchley

Milton Keynes

MK3 6GW

REGISTERED NUMBER:

15476404 (England and Wales)

ACCOUNTANTS:

Galloways Accounting Limited

15 West Street

Brighton

East Sussex

BN1 2RL

FIXED ASSETS

Tangible assets

4

505

CURRENT ASSETS

Stocks

5,000

Debtors

5

2,375

Cash at bank

989

8,364

CREDITORS

Amounts falling due within one year

6

42,326

NET CURRENT LIABILITIES

(33,962

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(33,457

)

CAPITAL AND RESERVES

Called up share capital

7

200

Retained earnings

(33,657

)

SHAREHOLDERS' FUNDS

(33,457

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 28 February 2025.

The members have not required the company to obtain an audit of its financial statements for the period ended 28 February 2025 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 4 November 2025 and were signed on its behalf by:

J Marlow - Director

Y Tak - Director

1.	STATUTORY INFORMATION

Parrs Free Motion Rulers 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.	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.

Turnover

Turnover represents consideration received or receivable for the sale of goods, measured at fair value, excluding discounts, rebates, value added tax and other sales taxes. Turnover is recognised when it is probable that the economic benefits associated with the transaction will flow to the company.

Tangible fixed assets

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

Computer equipment - 20% on cost

Tangible fixed assets are stated at cost (or deemed cost) or valuation less accumulated depreciation and accumulated impairment losses. Cost includes costs directly attributable to making the asset capable of operating as intended.

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.

Financial instruments

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

Taxation

Taxation for the period comprises current 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 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.

Going concern

Having considered the company's projected performance and expected cashflows, the directors have concluded that the company will be able to meet its liabilities as they fall due and is a going concern. As a result, these financial statements are prepared on a going concern basis.

3.

EMPLOYEES

The average number of employees during the period was 1 .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

Additions

604

At 28 February 2025

604

DEPRECIATION

Charge for period

99

At 28 February 2025

99

NET BOOK VALUE

At 28 February 2025

505

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

£

Trade debtors

2,134

Directors' current accounts

105

VAT

136

2,375

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

£

Social security and other taxes

1,485

Other creditors

905

Directors' current accounts

37,936

Accruals and deferred income

2,000

42,326

7.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

value:

£

200

Ordinary

1

200

200 Ordinary shares of £1 each were allotted at par on incorporation.