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Company Registration No. 05100555 (England and Wales)
Net Parity Ltd Unaudited accounts for the year ended 30 April 2024
Net Parity Ltd Unaudited accounts Contents
Page
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Net Parity Ltd Company Information for the year ended 30 April 2024
Director
Dr Lawrence Williams
Company Number
05100555 (England and Wales)
Registered Office
International House 61 Mosley Street Manchester M2 3HZ United Kingdom
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Net Parity Ltd Statement of financial position as at 30 April 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
9,381 
7,041 
Current assets
Debtors
34,125 
37,462 
Cash at bank and in hand
49,695 
30,595 
83,820 
68,057 
Creditors: amounts falling due within one year
(40,500)
(39,714)
Net current assets
43,320 
28,343 
Total assets less current liabilities
52,701 
35,384 
Provisions for liabilities
Deferred tax
(1,002)
(1,002)
Net assets
51,699 
34,382 
Capital and reserves
Called up share capital
10 
10 
Profit and loss account
51,689 
34,372 
Shareholders' funds
51,699 
34,382 
For the year ending 30 April 2024 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 13 August 2024 and were signed on its behalf by
Dr Lawrence Williams Director Company Registration No. 05100555
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Net Parity Ltd Notes to the Accounts for the year ended 30 April 2024
1
Statutory information
Net Parity Ltd is a private company, limited by shares, registered in England and Wales, registration number 05100555. The registered office is International House, 61 Mosley Street, Manchester, M2 3HZ, United Kingdom.
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:
4
Tangible fixed assets
Plant & machinery 
Fixtures & fittings 
Computer equipment 
Total 
£ 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At cost 
At 1 May 2023
13,246 
4,391 
23,756 
41,393 
Additions
- 
641 
6,719 
7,360 
At 30 April 2024
13,246 
5,032 
30,475 
48,753 
Depreciation
At 1 May 2023
13,246 
3,344 
17,762 
34,352 
Charge for the year
- 
844 
4,176 
5,020 
At 30 April 2024
13,246 
4,188 
21,938 
39,372 
Net book value
At 30 April 2024
- 
844 
8,537 
9,381 
At 30 April 2023
- 
1,047 
5,994 
7,041 
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Trade debtors
34,125 
37,462 
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Net Parity Ltd Notes to the Accounts for the year ended 30 April 2024
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
VAT
8,725 
11,153 
Taxes and social security
25,984 
21,962 
Other creditors
- 
5 
Loans from directors
4,581 
4,649 
Accruals
1,210 
1,945 
40,500 
39,714 
7
Average number of employees
During the year the average number of employees was 3 (2023: 3).
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