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
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
Net Parity Ltd
Statement of financial position
as at 30 April 2024
Tangible assets
9,381
7,041
Cash at bank and in hand
49,695
30,595
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)
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
Net Parity Ltd
Notes to the Accounts
for the year ended 30 April 2024
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.
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.
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.
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
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
At 30 April 2024
-
844
8,537
9,381
At 30 April 2023
-
1,047
5,994
7,041
Amounts falling due within one year
Trade debtors
34,125
37,462
Net Parity Ltd
Notes to the Accounts
for the year ended 30 April 2024
6
Creditors: amounts falling due within one year
2024
2023
Taxes and social security
25,984
21,962
Loans from directors
4,581
4,649
7
Average number of employees
During the year the average number of employees was 3 (2023: 3).