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Company Registration No. 08816646 (England and Wales)
Par Technologies Ltd Unaudited accounts for the year ended 31 December 2021
Par Technologies Ltd Unaudited accounts Contents
Page
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Par Technologies Ltd Company Information for the year ended 31 December 2021
Director
Mr Phani Pemmaraju
Company Number
08816646 (England and Wales)
Registered Office
46 Salisbury Road Urmston Manchester M41 0RB ENGLAND
Accountants
Metropolitan Accountants Ltd Phoenix Business Centre Office 10, Rosslyn Crescent Harrow Middlesex HA1 2SP
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Par Technologies Ltd Statement of financial position as at 31 December 2021
2021 
2020 
Notes
£ 
£ 
Current assets
Debtors
5,000 
5,000 
Cash at bank and in hand
151,866 
198,233 
156,866 
203,233 
Creditors: amounts falling due within one year
(61,707)
(119,936)
Net current assets
95,159 
83,297 
Net assets
95,159 
83,297 
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
95,059 
83,197 
Shareholders' funds
95,159 
83,297 
For the year ending 31 December 2021 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 14 September 2022 and were signed on its behalf by
Mr Phani Pemmaraju Director Company Registration No. 08816646
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Par Technologies Ltd Notes to the Accounts for the year ended 31 December 2021
1
Statutory information
Par Technologies Ltd is a private company, limited by shares, registered in England and Wales, registration number 08816646. The registered office is 46 Salisbury Road, Urmston, Manchester, M41 0RB, ENGLAND.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Computer equipment
20% at reducing line basis
4
Tangible fixed assets
Computer equipment 
£ 
Cost or valuation
At cost 
At 1 January 2021
1,356 
At 31 December 2021
1,356 
Depreciation
At 1 January 2021
1,356 
At 31 December 2021
1,356 
Net book value
At 31 December 2021
- 
5
Debtors: amounts falling due within one year
2021 
2020 
£ 
£ 
Other debtors
5,000 
5,000 
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Par Technologies Ltd Notes to the Accounts for the year ended 31 December 2021
6
Creditors: amounts falling due within one year
2021 
2020 
£ 
£ 
VAT
1,996 
7,625 
Taxes and social security
11,338 
21,706 
Other creditors
822 
812 
Loans from directors
37,551 
79,793 
Accruals
10,000 
10,000 
61,707 
119,936 
7
Average number of employees
During the year the average number of employees was 2 (2020: 2).
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