Company registration number 00545045 (England and Wales)
W. E. PARSONS & CO. LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2025
PAGES FOR FILING WITH REGISTRAR
W. E. PARSONS & CO. LIMITED
CONTENTS
Page
Balance sheet
1 - 2
Notes to the financial statements
3 - 6
W. E. PARSONS & CO. LIMITED
BALANCE SHEET
AS AT 31 DECEMBER 2025
31 December 2025
- 1 -
2025
2024
Notes
£
£
£
£
Fixed assets
Tangible assets
3
56,245
93,159
Current assets
Stocks
890
890
Debtors
4
32,995
44,832
Cash at bank and in hand
23,685
-
0
57,570
45,722
Creditors: amounts falling due within one year
5
(28,931)
(49,383)
Net current assets/(liabilities)
28,639
(3,661)
Total assets less current liabilities
84,884
89,498
Provisions for liabilities
(14,061)
(23,289)
Net assets
70,823
66,209
Capital and reserves
Called up share capital
4,410
4,410
Capital redemption reserve
4,590
4,590
Profit and loss reserves
61,823
57,209
Total equity
70,823
66,209

The notes on pages 3 to 6 form part of these financial statements.

W. E. PARSONS & CO. LIMITED
BALANCE SHEET (CONTINUED)
AS AT 31 DECEMBER 2025
31 December 2025
- 2 -

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

T he members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The director of the company has elected not to include a copy of the profit and loss account within the financial statements.true

The financial statements were approved and signed by the director and authorised for issue on 5 May 2026
Mr R S Walters
Director
Company registration number 00545045 (England and Wales)
W. E. PARSONS & CO. LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2025
- 3 -
1
Accounting policies
Company information

W. E. Parsons & Co. Limited is a private company limited by shares incorporated in England and Wales. The registered office is Victoria Road, Ellesmere Port, Cheshire, CH65 8BX.

1.1
Basis of preparation

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary a mounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

1.2
Turnover

Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.

Revenue from contracts for the provision of services is recognised by reference to the stage of completion when the stage of completion, costs incurred and costs to complete can be estimated reliably. The stage of completion is calculated by comparing costs incurred, mainly in relation to contractual hourly staff rates and materials, as a proportion of total costs. Where the outcome cannot be estimated reliably, revenue is recognised only to the extent of the expenses recognised that are recover able.

1.3
Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Plant and equipment
25% on cost
Computers
25% on cost
Motor vehicles
25% on cost
1.4
Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the stocks to their present location and condition.

Stocks held for distribution at no or nominal consideration are measured at the lower of cost and replacement cost, adjusted where applicable for any loss of service potential.

At each reporting date, an assessment is made for impairment. Any excess of the carrying amount of stocks over its estimated selling price less costs to complete and sell is recognised as an impairment loss in profit or loss. Reversals of impairment losses are also recognised in profit or loss.

W. E. PARSONS & CO. LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2025
1
Accounting policies
(Continued)
- 4 -
1.5
Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

1.6
Financial instruments
Basic financial assets

Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

Basic financial liabilities

Basic financial liabilities, including creditors, bank loans, loans from fellow group companies and preference shares that are classified as debt, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future paymen ts discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. A m ounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

1.7
Taxation

The tax expense represents the sum of the tax currently payable and deferred tax.

Current tax

The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss account because it excludes items of income or expense that are taxable or deductible in other years and it further excludes 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 reporting end date.

Deferred tax

Deferred tax liabilities are generally recognised for all timing differences and deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Such assets and liabilities are not recognised if the timing difference arises from goodwill or from the initial recognition of other assets and liabilities in a transaction that affects neither the tax profit nor the accounting profit.

1.8
Employee benefits

The costs of short-term employee benefits are recognised as a liability and an expense, unless those costs are required to be recognised as part of the cost of stock or fixed assets.

The cost of any unused holiday entitlement is recognised in the period in which the employee’s services are received.

W. E. PARSONS & CO. LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2025
1
Accounting policies
(Continued)
- 5 -
1.9
Retirement benefits

Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.

2
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

2025
2024
Number
Number
Total
6
6
3
Tangible fixed assets
Plant and equipment
Computers
Motor vehicles
Total
£
£
£
£
Cost
At 1 January 2025 and 31 December 2025
76,759
14,240
157,490
248,489
Depreciation and impairment
At 1 January 2025
56,090
7,287
91,953
155,330
Depreciation charged in the year
3,130
2,562
31,222
36,914
At 31 December 2025
59,220
9,849
123,175
192,244
Carrying amount
At 31 December 2025
17,539
4,391
34,315
56,245
At 31 December 2024
20,669
6,953
65,537
93,159
4
Debtors
2025
2024
Amounts falling due within one year:
£
£
Trade debtors
32,995
44,622
Other debtors
-
0
210
32,995
44,832
W. E. PARSONS & CO. LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2025
- 6 -
5
Creditors: amounts falling due within one year
2025
2024
£
£
Bank loans and overdrafts
-
0
21,504
Trade creditors
7,468
21,495
Taxation and social security
19,950
4,837
Other creditors
1,513
1,547
28,931
49,383
2025-12-31 2025-01-01 false false false 05 May 2026 CCH Software CCH Accounts Production 2026.100 No description of principal activity Mr R S Walters Mrs E Walters 00545045 2025-01-01 2025-12-31 00545045 2025-12-31 00545045 2024-12-31 00545045 core:PlantMachinery 2025-12-31 00545045 core:ComputerEquipment 2025-12-31 00545045 core:MotorVehicles 2025-12-31 00545045 core:PlantMachinery 2024-12-31 00545045 core:ComputerEquipment 2024-12-31 00545045 core:MotorVehicles 2024-12-31 00545045 core:CurrentFinancialInstruments core:WithinOneYear 2025-12-31 00545045 core:CurrentFinancialInstruments core:WithinOneYear 2024-12-31 00545045 core:WithinOneYear 2025-12-31 00545045 core:WithinOneYear 2024-12-31 00545045 core:CurrentFinancialInstruments 2025-12-31 00545045 core:CurrentFinancialInstruments 2024-12-31 00545045 core:ShareCapital 2025-12-31 00545045 core:ShareCapital 2024-12-31 00545045 core:CapitalRedemptionReserve 2025-12-31 00545045 core:CapitalRedemptionReserve 2024-12-31 00545045 core:RetainedEarningsAccumulatedLosses 2025-12-31 00545045 core:RetainedEarningsAccumulatedLosses 2024-12-31 00545045 bus:Director1 2025-01-01 2025-12-31 00545045 core:PlantMachinery 2025-01-01 2025-12-31 00545045 core:ComputerEquipment 2025-01-01 2025-12-31 00545045 core:MotorVehicles 2025-01-01 2025-12-31 00545045 2024-01-01 2024-12-31 00545045 core:PlantMachinery 2024-12-31 00545045 core:ComputerEquipment 2024-12-31 00545045 core:MotorVehicles 2024-12-31 00545045 2024-12-31 00545045 bus:PrivateLimitedCompanyLtd 2025-01-01 2025-12-31 00545045 bus:SmallCompaniesRegimeForAccounts 2025-01-01 2025-12-31 00545045 bus:FRS102 2025-01-01 2025-12-31 00545045 bus:AuditExemptWithAccountantsReport 2025-01-01 2025-12-31 00545045 bus:CompanySecretary1 2025-01-01 2025-12-31 00545045 bus:FullAccounts 2025-01-01 2025-12-31 xbrli:pure xbrli:shares iso4217:GBP