Parsonage Limited - Limited company - abbreviated - 11.0.0

REGISTERED NUMBER: 07563763 (England and Wales)

Abbreviated Unaudited Accounts for the Year Ended 31 March 2014

for

Parsonage Limited

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTORS:

Mrs F M Maudsley-Barton

S Maudsley-Barton

REGISTERED OFFICE:

Black Moss Court

Black Moss Road

Dunham Massey

Altrincham

Cheshire

WA14 5RG

REGISTERED NUMBER:

07563763 (England and Wales)

ACCOUNTANTS:

Amanda Fairclough Associates Limited

7 Time Park

Whiston

Prescot

Merseyside

L35 7NU

FIXED ASSETS

Intangible assets

2

24,000

30,000

Tangible assets

3

2,359

1,788

26,359

31,788

CURRENT ASSETS

Debtors

14,558

11,457

Cash at bank

11,913

7,790

26,471

19,247

CREDITORS

Amounts falling due within one year

49,367

48,929

NET CURRENT LIABILITIES

(22,896

)

(29,682

)

TOTAL ASSETS LESS CURRENT LIABILITIES

3,463

2,106

CAPITAL AND RESERVES

Called up share capital

4

100

100

Profit and loss account

3,363

2,006

SHAREHOLDERS' FUNDS

3,463

2,106

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2014.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2014 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 abbreviated accounts have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.

The financial statements were approved by the Board of Directors on 24 September 2014 and were signed on its behalf by:

Mrs F M Maudsley-Barton - Director

1.	ACCOUNTING POLICIES

Accounting convention

The financial statements have been prepared under the historical cost convention and in

accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008).

Turnover

Turnover represents commissions received and net invoiced sales of services, exclusive of

value added tax, except in respect of service contracts where turnover is recognised when

the company obtains the right to consideration.

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 seven years.

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

-

33% on cost and 25% on cost

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not

reversed at the balance sheet date.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to the profit and loss account on a straight

line basis over the period of the lease.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to

the company's pension scheme are charged to the profit and loss account in the period to

which they relate.

2.	INTANGIBLE FIXED ASSETS

Total

£

COST

At 1 April 2013

and 31 March 2014

42,000

AMORTISATION

At 1 April 2013

12,000

Amortisation for year

6,000

At 31 March 2014

18,000

NET BOOK VALUE

At 31 March 2014

24,000

At 31 March 2013

30,000

3.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 April 2013

3,656

Additions

2,114

At 31 March 2014

5,770

DEPRECIATION

At 1 April 2013

1,868

Charge for year

1,543

At 31 March 2014

3,411

NET BOOK VALUE

At 31 March 2014

2,359

At 31 March 2013

1,788

4.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.3.14

31.3.13

value:

£

£

100

Ordinary

£1

100

100

5.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

As at the balance sheet date, the company was indebted to its directors as follows:

31.03.14

31.03.13

£

£

Mrs F M Maudsley-Barton

27,628

31,054

S Maudsley-Barton

1,411

1,645

These loans have no fixed schedule of repayment and bear no interest.

During the period Mrs F M Maudsley-Barton received dividends in the sum of £24,000 (2013 -

£24,000) and Mr S M Maudsley-Barton received dividends in the sum of £16,000 (2013 - £Nil).