P M Parsons Ltd - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 04338254 (England and Wales)

Abridged Unaudited Financial Statements for the Year Ended 31 March 2021

for

P M Parsons Ltd

Page

Company Information

1

Abridged Statement of Financial Position

2

Notes to the Financial Statements

3

DIRECTOR:

MRS K M Parsons

SECRETARY:

P M Parsons

REGISTERED OFFICE:

19 Lincoln Road

Northwood

Middlesex

HA6 1LB

REGISTERED NUMBER:

04338254 (England and Wales)

ACCOUNTANTS:

Accountancy Gateway Ltd

19 Lincoln Road

Northwood

Middlesex

HA6 1LB

FIXED ASSETS

Tangible assets

4

699

823

CURRENT ASSETS

Debtors

-

3,935

Cash at bank

280

1,854

280

5,789

CREDITORS

Amounts falling due within one year

-

5,137

NET CURRENT ASSETS

280

652

TOTAL ASSETS LESS CURRENT LIABILITIES

979

1,475

CAPITAL AND RESERVES

Called up share capital

5

1,000

1,000

Retained earnings

6

(21

)

475

SHAREHOLDERS' FUNDS

979

1,475

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2021.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2021 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her 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 Statement of Financial Position for the year ended 31 March 2021 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 director and authorised for issue on 18 December 2021 and were signed by:

MRS K M Parsons - Director

1.	STATUTORY INFORMATION

P M 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.

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 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.

Plant and machinery etc

-

15% on reducing balance

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 statement of financial position date.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2020 - 1 ) .

4.	TANGIBLE FIXED ASSETS

Totals

£

COST

At 1 April 2020

and 31 March 2021

5,191

DEPRECIATION

At 1 April 2020

4,368

Charge for year

124

At 31 March 2021

4,492

NET BOOK VALUE

At 31 March 2021

699

At 31 March 2020

823

5.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.3.21

31.3.20

value:

£

£

1,000

Ordinary

£1

1,000

1,000

6.

RESERVES

Retained

earnings

£

At 1 April 2020

475

Deficit for the year

(496

)

At 31 March 2021

(21

)