M A Parsons Ltd - Accounts to registrar (filleted) - small 22.3

REGISTERED NUMBER: 06762076 (England and Wales)

Unaudited Financial Statements

for the Year Ended 31 March 2022

for

M A Parsons Ltd

Page

Company Information

1

Abridged Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Mr M A Parsons

Mrs L A Parsons

SECRETARY:

Mrs L A Parsons

REGISTERED OFFICE:

22 Wessex Park

Bancombe Business Estate

Somerton

Somerset

TA11 6SB

REGISTERED NUMBER:

06762076 (England and Wales)

ACCOUNTANTS:

Somerset Accountancy Services Ltd

22 Wessex Park

Bancombe Business Estate

Somerton

Somerset

TA11 6SB

FIXED ASSETS

Tangible assets

4

4,005

5,129

CURRENT ASSETS

Stocks

525

525

Debtors

11,397

21,788

Cash at bank

5,234

2,096

17,156

24,409

CREDITORS

Amounts falling due within one year

19,673

26,682

NET CURRENT LIABILITIES

(2,517

)

(2,273

)

TOTAL ASSETS LESS CURRENT LIABILITIES

1,488

2,856

CAPITAL AND RESERVES

Called up share capital

5

1,000

1,000

Retained earnings

488

1,856

SHAREHOLDERS' FUNDS

1,488

2,856

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2022.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2022 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.

All the members have consented to the preparation of an abridged Balance Sheet for the year ended 31 March 2022 in accordance with Section 444(2A) of the Companies Act 2006.

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 1 November 2022 and were signed on its behalf by:

Mr M A Parsons - Director

Mrs L A Parsons - Director

1.	STATUTORY INFORMATION

M A Parsons 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.

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 is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets

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

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation

Taxation for the year comprises current and deferred 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 or deferred 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.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2021 - 2 ) .

4.	TANGIBLE FIXED ASSETS

Totals

£

COST

At 1 April 2021

and 31 March 2022

18,795

DEPRECIATION

At 1 April 2021

13,666

Charge for year

1,124

At 31 March 2022

14,790

NET BOOK VALUE

At 31 March 2022

4,005

At 31 March 2021

5,129

5.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.3.22

31.3.21

value:

£

£

1,000

Ordinary

1

1,000

1,000

6.	ULTIMATE CONTROLLING PARTY

The company is under the control of Mr M A Parsons, who together with his wife Mrs L A Parsons, are the only shareholders of the company.