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Registered number: 05280950
PARSLOE CONSULTING LIMITED
Unaudited Financial Statements
For The Year Ended 31 March 2025
Whitefield Tax Limited
Chartered Certified Accountants and Registered Auditor
Arnold House
2 New Road
Brading
Isle Of Wight
PO36 0DT
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 05280950
2025 2024
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 5 653 442
653 442
CURRENT ASSETS
Debtors 6 101,941 116,366
Cash at bank and in hand 32,824 41,293
134,765 157,659
Creditors: Amounts Falling Due Within One Year 7 (36,150 ) (48,745 )
NET CURRENT ASSETS (LIABILITIES) 98,615 108,914
TOTAL ASSETS LESS CURRENT LIABILITIES 99,268 109,356
PROVISIONS FOR LIABILITIES
Deferred Taxation (227 ) (227 )
NET ASSETS 99,041 109,129
CAPITAL AND RESERVES
Called up share capital 8 4 4
Profit and Loss Account 99,037 109,125
SHAREHOLDERS' FUNDS 99,041 109,129
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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.
The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr Christopher Parsloe
Director
28 October 2025
The notes on pages 3 to 5 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
PARSLOE CONSULTING LIMITED is a private company, limited by shares, incorporated in England & Wales, registered number 05280950 . The registered office is 1A Debourne Close, Cowes, Isle Of Wight, PO31 7NW.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Turnover
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
2.3. Intangible Fixed Assets and Amortisation - Goodwill
Goodwill is the difference between amounts paid on the acquisition of a business and the fair value of the separable net assets. It is amortised to profit and loss account over its estimated economic life of 15 years.
2.4. Intangible Fixed Assets and Amortisation - Other Intangible
Other intangible assets relate to a licensed trademark, which is amortised to profit and loss account over its estimated economic life of 10 years.
2.5. Tangible Fixed Assets and Depreciation
Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Plant & Machinery 25% Reducing balance
Fixtures & Fittings 25% reducing balance
Computer Equipment 25% Reducing balance
2.6. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other year and 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 end of the reporting period.
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and asset reflects the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
Current or deferred tax for the year is recognised in profit or loss, except when they related to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also recognised in other comprehensive income or directly in equity respectively.
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3. Average Number of Employees
Average number of employees, including directors, during the year was:
2025 2024
Office and administration 3 3
3 3
4. Intangible Assets
Goodwill Other Total
£ £ £
Cost
As at 1 April 2024 15,000 880 15,880
As at 31 March 2025 15,000 880 15,880
Amortisation
As at 1 April 2024 15,000 880 15,880
As at 31 March 2025 15,000 880 15,880
Net Book Value
As at 31 March 2025 - - -
As at 1 April 2024 - - -
5. Tangible Assets
Plant & Machinery Fixtures & Fittings Total
£ £ £
Cost
As at 1 April 2024 5,814 2,610 8,424
Additions 428 - 428
As at 31 March 2025 6,242 2,610 8,852
Depreciation
As at 1 April 2024 5,514 2,468 7,982
Provided during the period 182 35 217
As at 31 March 2025 5,696 2,503 8,199
Net Book Value
As at 31 March 2025 546 107 653
As at 1 April 2024 300 142 442
6. Debtors
2025 2024
£ £
Due within one year
Trade debtors 99,157 113,582
Prepayments and accrued income 2,784 2,784
101,941 116,366
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7. Creditors: Amounts Falling Due Within One Year
2025 2024
£ £
Trade creditors 3,722 3,722
Corporation tax 7,286 27,958
Other taxes and social security (Current liabilities - creditors < 1 year) 4,269 3,054
VAT 18,135 13,074
Net wages 2 -
Director's loan account 2,736 937
36,150 48,745
8. Share Capital
2025 2024
£ £
Allotted, Called up and fully paid 4 4
Page 5