Parsons Contracting (Chesterfield) Limited Filleted accounts for Companies House (small and micro)

COMPANY REGISTRATION NUMBER: 01306377

Parsons Contracting (Chesterfield) Limited

Filleted Unaudited Abridged Financial Statements

31 March 2025

Parsons Contracting (Chesterfield) Limited

Abridged Financial Statements

Year Ended 31 March 2025

Contents	Pages

Abridged statement of financial position	1 to 2

Notes to the abridged financial statements	3 to 6

Parsons Contracting (Chesterfield) Limited

Abridged Statement of Financial Position

31 March 2025

	2025		2024
Note	£	£	£

Fixed Assets

Tangible assets	5		102,676	51,738

Current Assets

Stocks	15,000	15,000
Debtors	1,601,503	1,837,020
Cash at bank and in hand	164,526	565,263
	------------	------------
	1,781,029	2,417,283

Creditors: amounts falling due within one year	1,132,548		1,772,552
	------------		------------
Net Current Assets		648,481	644,731
		---------	---------
Total Assets Less Current Liabilities		751,157	696,469

Creditors: amounts falling due after more than one year		35,896	–

Provisions

Taxation including deferred tax	25,261	9,122
	---------	---------
Net Assets	690,000	687,347
	---------	---------

Capital and Reserves

Called up share capital	6	1,000	1,000
Share premium account		124,835	124,835
Profit and loss account		564,165	561,512
		---------	---------
Shareholders Funds		690,000	687,347
		---------	---------

These abridged financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

In accordance with section 444 of the Companies Act 2006, the abridged statement of income and retained earnings has not been delivered.

For the year ending 31 March 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

- The members have not required the company to obtain an audit of its abridged financial statements for the year in question in accordance with section 476 ;

- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of abridged financial statements .

Parsons Contracting (Chesterfield) Limited

Abridged Statement of Financial Position (continued)

31 March 2025

All of the members have consented to the preparation of the abridged statement of income and retained earnings and the abridged statement of financial position for the year ending 31 March 2025 in accordance with Section 444(2A) of the Companies Act 2006.

These abridged financial statements were approved by the board of directors and authorised for issue on 16 December 2025 , and are signed on behalf of the board by:

Mr W Levers

Director

Company registration number: 01306377

Parsons Contracting (Chesterfield) Limited

Notes to the Abridged Financial Statements

Year Ended 31 March 2025

1. General information

The company is a private company limited by shares, registered in England and Wales. The address of the registered office and usual place of business is 36 Brimington Road, Chesterfield, Derbyshire, S41 7UL.

2. Statement of compliance

These abridged financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.

3. Accounting policies

Basis of preparation

The financial statements have been prepared on the historical cost basis. The financial statements are prepared in sterling, which is the functional currency of the entity.

Revenue recognition and amounts recoverable on contracts

Turnover is recognised in the income statement when, and to the extent that, the company obtains a right to consideration in exchange for its performance. A right to consideration is obtained when some, but not all, of its contractual obligations have been fulfilled. Where the company has partially performed its contractual obligations, it recognises revenue to the extent that it has obtained the right to consideration through its performance.

Taxation

Current tax represents the amount of tax payable or receivable in respect of the taxable profit (or loss) for the current or past reporting periods. It is measured at the amount expected to be paid or recovered using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date. Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date where transactions or events have occurred at that date that will result in an obligation to pay more, or a right to pay less or to receive more tax. Deferred tax is measured on an undiscounted basis at the tax rates that are expected to apply in the periods in which timing differences reverse, based on tax rates and laws enacted or substantively enacted at the balance sheet date.

Operating leases

Lease payments are recognised as an expense over the lease term on a straight-line basis. The aggregate benefit of lease incentives is recognised as a reduction to expense over the lease term, on a straight-line basis.

Tangible assets

Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses.

Depreciation

Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:

Property Improvements	-	50 years straight line
Fixtures & Fittings	-	10% reducing balance
Motor Vehicles	-	25% reducing balance
Computer Equipment	-	20% straight line

Impairment of fixed assets

A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date .

Stocks

Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stock to its present location and condition.

Finance leases and hire purchase contracts

Assets held under finance leases and hire purchase contracts are recognised in the abridged statement of financial position as assets and liabilities at the lower of the fair value of the assets and the present value of the minimum lease payments, which is determined at the inception of the lease term. Any initial direct costs of the lease are added to the amount recognised as an asset. Lease payments are apportioned between the finance charges and reduction of the outstanding lease liability using the effective interest method. Finance charges are allocated to each period so as to produce a constant rate of interest on the remaining balance of the liability.

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.

Defined contribution plans

Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided.

4. Employee numbers

The average number of persons employed by the company during the year amounted to 35 (2024: 33 ).

5. Tangible assets

	£
Cost
At 1 April 2024	146,831
Additions	65,554
Disposals	( 7,500)
	---------
At 31 March 2025	204,885
	---------
Depreciation
At 1 April 2024	95,093
Charge for the year	12,243
Disposals	( 5,127)
	---------
At 31 March 2025	102,209
	---------
Carrying amount
At 31 March 2025	102,676
	---------
At 31 March 2024	51,738
	---------

6. Called up share capital

Issued, called up and fully paid

	2025		2024
	No.	£	No.	£
Ordinary shares of £ 1 each	1,000	1,000	1,000	1,000
	-------	-------	-------	-------

7. Operating leases

The total future minimum lease payments under non-cancellable operating leases are as follows:

	2025	2024
	£	£
Not later than 1 year	116,592	102,636
Later than 1 year and not later than 5 years	199,991	185,000
	---------	---------
	316,583	287,636
	---------	---------

8. Related party transactions

Group companies The company has taken advantage of exemption conferred by FRS 102, removing the requirement to disclose transactions between group companies. During the year the company made loans to entities holding a controlling interest. The balance owed to Parsons Contracting Holdings Limited at the year end amounted to £211,566 (2024: £91,640 owed by). Outstanding balances with entities are unsecured, interest free and payable on demand. Other related parties Tanyard Properties Limited is a related party due to the fact it is under common control. During the year the company raised sales invoices to Tanyard Properties Limited amounting to £267 (2024: £547). The balance due from Tanyard Properties Limited at the year end amounted to £28,007 (2024: £27,740). The company has made short term loans to Tanyard Properties Limited in the year amounting to £600 (2024: £28,375). The balance due from Tanyard Properties Limited at the year end amounted to £45,975 (2024: £45,375).

9. Controlling party

The company is under the control of Parsons Contracting Holdings Limited, a company incorporated in England and Wales under company number 09306208. The registered office address is 36 Brimington Road, Chesterfield, Derbyshire S41 7UL.