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Company Registration No. 14033254 (England and Wales)
PARYSS DEVELOPEMENTS LTD Unaudited accounts for the period from 7 April 2022 to 30 April 2023
PARYSS DEVELOPEMENTS LTD Unaudited accounts Contents
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PARYSS DEVELOPEMENTS LTD Company Information for the period from 7 April 2022 to 30 April 2023
Director
Ryan Allan Bracken
Company Number
14033254 (England and Wales)
Registered Office
112 - 113 High Street LINCOLN LN5 7PY ENGLAND
Accountants
Templar Accounting & Business Support Services Limited (Incorporating Blake and Co) 112-113 High Street Lincoln Lincolnshire LN5 7PY
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PARYSS DEVELOPEMENTS LTD Statement of financial position as at 30 April 2023
2023 
Notes
£ 
Fixed assets
Tangible assets
46,088 
Current assets
Debtors
45,541 
Cash at bank and in hand
1,803 
47,344 
Creditors: amounts falling due within one year
(85,458)
Net current liabilities
(38,114)
Total assets less current liabilities
7,974 
Provisions for liabilities
Deferred tax
(1,496)
Net assets
6,478 
Capital and reserves
Called up share capital
100 
Profit and loss account
6,378 
Shareholders' funds
6,478 
For the period ending 30 April 2023 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 29 August 2023 and were signed on its behalf by
Ryan Allan Bracken Director Company Registration No. 14033254
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PARYSS DEVELOPEMENTS LTD Notes to the Accounts for the period from 7 April 2022 to 30 April 2023
1
Statutory information
PARYSS DEVELOPEMENTS LTD is a private company, limited by shares, registered in England and Wales, registration number 14033254. The registered office is 112 - 113 High Street, LINCOLN, LN5 7PY, 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 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.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
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:
Plant & machinery
25% Reducing balance
Motor vehicles
25% Reducing balance
Computer equipment
25% Reducing balance
Deferred taxation
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.
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PARYSS DEVELOPEMENTS LTD Notes to the Accounts for the period from 7 April 2022 to 30 April 2023
4
Tangible fixed assets
Plant & machinery 
Motor vehicles 
Computer equipment 
Total 
£ 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At cost 
At 7 April 2022
- 
- 
- 
- 
Additions
22,500 
38,000 
950 
61,450 
At 30 April 2023
22,500 
38,000 
950 
61,450 
Depreciation
Charge for the period
5,625 
9,500 
237 
15,362 
At 30 April 2023
5,625 
9,500 
237 
15,362 
Net book value
At 30 April 2023
16,875 
28,500 
713 
46,088 
5
Debtors
2023 
£ 
Amounts falling due within one year
VAT
141 
Trade debtors
2,270 
Other debtors
43,042 
45,453 
Amounts falling due after more than one year
Other debtors
88 
6
Creditors: amounts falling due within one year
2023 
£ 
Trade creditors
77 
Loans from directors
41,689 
Accruals
650 
Deferred income
43,042 
85,458 
7
Deferred taxation
2023 
£ 
Accelerated capital allowances
1,496 
2023 
£ 
Charged to other comprehensive income
1,496 
Provision at end of period
1,496 
Due to accelerated capital allowances a deferred taxation reserve has been created of some £1,496 This reserve will reverse in future periods creating a tax liability at the prevailing rate on the day.
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PARYSS DEVELOPEMENTS LTD Notes to the Accounts for the period from 7 April 2022 to 30 April 2023
8
Share capital
2023 
£ 
Allotted, called up and fully paid:
100 Ordinary shares of £1 each
100 
Shares issued during the period:
99 Ordinary shares of £1 each
99 
9
Average number of employees
During the period the average number of employees was 1.
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