Parsons Newman Limited - Accounts to registrar (filleted) - small 23.2.5

REGISTERED NUMBER: 07677998 (England and Wales)

Unaudited Financial Statements for the Year Ended 30 June 2023

for

PARSONS NEWMAN LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

Report of the Accountants

5

DIRECTOR:

Mrs C Crowe

REGISTERED OFFICE:

Station House

Station Approach

East Horsley

Leatherhead

Surrey

KT24 6QX

REGISTERED NUMBER:

07677998 (England and Wales)

ACCOUNTANTS:

Russell & Co

Station House

Station Approach

East Horsley

Leatherhead

Surrey

KT24 6QX

CURRENT ASSETS

Debtors

6

17,285

Cash at bank

3

17,288

CREDITORS

Amounts falling due within one year

7

17,973

NET CURRENT LIABILITIES

(685

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(685

)

CAPITAL AND RESERVES

Called up share capital

100

Retained earnings

(785

)

SHAREHOLDERS' FUNDS

(685

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 2023 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.

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 9 May 2024 and were signed by:

Mrs C Crowe - Director

1.	STATUTORY INFORMATION

Parsons Newman Limited 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.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2011, is being amortised evenly over its estimated useful life of ten years.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets

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

Computer equipment

-

50% on cost

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 July 2022

and 30 June 2023

10,600

AMORTISATION

At 1 July 2022

9,540

Charge for year

1,060

At 30 June 2023

10,600

NET BOOK VALUE

At 30 June 2023

-

At 30 June 2022

1,060

5.	TANGIBLE FIXED ASSETS

Computer

equipment

£

COST

At 1 July 2022

and 30 June 2023

3,036

DEPRECIATION

At 1 July 2022

and 30 June 2023

3,036

NET BOOK VALUE

At 30 June 2023

-

At 30 June 2022

-

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

£

Other debtors

17,285

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

£

Bank loans and overdrafts

9,481

Trade creditors

3,483

Taxation and social security

659

Other creditors

4,350

17,973

The following reproduces the text of the report prepared for the director in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Director are not required to be filed with the Registrar of Companies.

As described on the Balance Sheet you are responsible for the preparation of the financial statements for the year ended 30 June 2023 set out on pages two to four and you consider that the company is exempt from an audit.

In accordance with your instructions, we have compiled these unaudited financial statements in order to assist you to fulfil your statutory responsibilities, from the accounting records and information and explanations supplied to us.

Russell & Co

Station House

Station Approach

East Horsley

Leatherhead

Surrey

KT24 6QX

9 May 2024