IRIS Accounts Production v18.1.0.975 07720471 director 1.1.17 31.12.17 31.12.17 false true false false true false iso4217:GBP iso4217:USD iso4217:EUR xbrli:shares xbrli:pure 07720471 2016-12-31 07720471 2017-12-31 07720471 2017-01-01 2017-12-31 07720471 2015-12-31 07720471 2016-01-01 2016-12-31 07720471 2016-12-31 07720471 ns15:EnglandWales 2017-01-01 2017-12-31 07720471 ns14:PoundSterling 2017-01-01 2017-12-31 07720471 ns10:Director1 2017-01-01 2017-12-31 07720471 ns10:PrivateLimitedCompanyLtd 2017-01-01 2017-12-31 07720471 ns10:SmallEntities 2017-01-01 2017-12-31 07720471 ns10:AuditExempt-NoAccountantsReport 2017-01-01 2017-12-31 07720471 ns10:SmallCompaniesRegimeForDirectorsReport 2017-01-01 2017-12-31 07720471 ns10:SmallCompaniesRegimeForAccounts 2017-01-01 2017-12-31 07720471 ns10:FullAccounts 2017-01-01 2017-12-31 07720471 ns10:RegisteredOffice 2017-01-01 2017-12-31 07720471 ns5:CurrentFinancialInstruments 2017-12-31 07720471 ns5:CurrentFinancialInstruments 2016-12-31 07720471 ns5:Non-currentFinancialInstruments 2017-12-31 07720471 ns5:Non-currentFinancialInstruments 2016-12-31 07720471 ns5:ShareCapital 2017-12-31 07720471 ns5:ShareCapital 2016-12-31 07720471 ns5:RetainedEarningsAccumulatedLosses 2017-12-31 07720471 ns5:RetainedEarningsAccumulatedLosses 2016-12-31 07720471 ns5:FurnitureFittings 2017-01-01 2017-12-31 07720471 ns5:MotorVehicles 2017-01-01 2017-12-31 07720471 ns5:ComputerEquipment 2017-01-01 2017-12-31 07720471 ns5:FurnitureFittings 2016-12-31 07720471 ns5:MotorVehicles 2016-12-31 07720471 ns5:ComputerEquipment 2016-12-31 07720471 ns5:FurnitureFittings 2017-12-31 07720471 ns5:MotorVehicles 2017-12-31 07720471 ns5:ComputerEquipment 2017-12-31 07720471 ns5:FurnitureFittings 2016-12-31 07720471 ns5:MotorVehicles 2016-12-31 07720471 ns5:ComputerEquipment 2016-12-31


REGISTERED NUMBER: 07720471 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 December 2017

for

Parry And Co Solicitors Limited

Parry And Co Solicitors Limited (Registered number: 07720471)






Contents of the Financial Statements
for the Year Ended 31 December 2017




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Parry And Co Solicitors Limited

Company Information
for the Year Ended 31 December 2017







DIRECTOR: Ms Kathryn Parry





REGISTERED OFFICE: Suite 6
Merchants Place
Brunswick Business Park
Liverpool
L3 4BJ





REGISTERED NUMBER: 07720471 (England and Wales)





ACCOUNTANTS: LJS Accounting Services (UK) Ltd
Unit 5, 1st Floor
Connect Business Village
24 Derby Road
Liverpool
Merseyside
L5 9PR

Parry And Co Solicitors Limited (Registered number: 07720471)

Balance Sheet
31 December 2017

31.12.17 31.12.16
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 12,506 16,467

CURRENT ASSETS
Work in Progress 5 467,477 579,748
Debtors 6 62,086 93,682
Cash at bank 127,397 92,777
656,960 766,207
CREDITORS
Amounts falling due within one year 7 383,208 487,300
NET CURRENT ASSETS 273,752 278,907
TOTAL ASSETS LESS CURRENT
LIABILITIES

286,258

295,374

CREDITORS
Amounts falling due after more than one
year

8

(255,464

)

(275,000

)

PROVISIONS FOR LIABILITIES (2,501 ) (3,293 )
NET ASSETS 28,293 17,081

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 28,193 16,981
SHAREHOLDERS' FUNDS 28,293 17,081

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2017.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2017 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.

Parry And Co Solicitors Limited (Registered number: 07720471)

Balance Sheet - continued
31 December 2017


The financial statements have been prepared and delivered in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

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 on 7 September 2018 and were signed by:





Ms Kathryn Parry - Director


Parry And Co Solicitors Limited (Registered number: 07720471)

Notes to the Financial Statements
for the Year Ended 31 December 2017

1. STATUTORY INFORMATION

Parry And Co Solicitors 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 the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" 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.
Fixtures and fittings - 25% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 20% on reducing balance

Stocks
Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in
bringing work in progress to their present location and condition.

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.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance
sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from
those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that
have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the
timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they
will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

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.

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 profit or loss in the period to which they relate.

Parry And Co Solicitors Limited (Registered number: 07720471)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2017

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2016 - 5 ).

4. TANGIBLE FIXED ASSETS
Fixtures
and Motor Computer
fittings vehicles equipment Totals
£    £    £    £   
COST
At 1 January 2017
and 31 December 2017 7,676 16,048 4,878 28,602
DEPRECIATION
At 1 January 2017 3,358 7,021 1,756 12,135
Charge for year 1,080 2,257 624 3,961
At 31 December 2017 4,438 9,278 2,380 16,096
NET BOOK VALUE
At 31 December 2017 3,238 6,770 2,498 12,506
At 31 December 2016 4,318 9,027 3,122 16,467

5. WORK IN PROGRESS
31.12.17 31.12.16
£    £   
Work-in-progress 467,477 579,748

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.17 31.12.16
£    £   
Trade debtors 62,086 93,682

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.17 31.12.16
£    £   
Bank loans and overdrafts 28,320 -
Adlington 10,328 18,626
Trade creditors 113,200 142,122
Amounts due to clients 64,264 81,181
Tax 7,487 4,003
Social security and other taxes 2,715 5,487
VAT 14,942 13,124
Other creditors - 41,423
Directors' current accounts 138,371 178,789
Accrued expenses 3,581 2,545
383,208 487,300

Parry And Co Solicitors Limited (Registered number: 07720471)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2017

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.12.17 31.12.16
£    £   
LJS loan 255,464 275,000