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
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
PARYSS DEVELOPEMENTS LTD
Statement of financial position
as at 30 April 2023
Cash at bank and in hand
1,803
Creditors: amounts falling due within one year
(85,458)
Net current liabilities
(38,114)
Total assets less current liabilities
7,974
Provisions for liabilities
Called up share capital
100
Profit and loss account
6,378
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
PARYSS DEVELOPEMENTS LTD
Notes to the Accounts
for the period from 7 April 2022 to 30 April 2023
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.
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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
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 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.
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
Additions
22,500
38,000
950
61,450
At 30 April 2023
22,500
38,000
950
61,450
Charge for the period
5,625
9,500
237
15,362
At 30 April 2023
5,625
9,500
237
15,362
At 30 April 2023
16,875
28,500
713
46,088
Amounts falling due within one year
Amounts falling due after more than one year
6
Creditors: amounts falling due within one year
2023
Loans from directors
41,689
Accelerated capital allowances
1,496
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.
PARYSS DEVELOPEMENTS LTD
Notes to the Accounts
for the period from 7 April 2022 to 30 April 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.