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REGISTERED NUMBER: 07616726 (England and Wales)















Unaudited Financial Statements

for the Year Ended

30 April 2024

for

Parmar Consultants Ltd

Parmar Consultants Ltd (Registered number: 07616726)

Contents of the Financial Statements
for the Year Ended 30 April 2024










Page

Company Information 1

Chartered Accountants' Report 2

Balance Sheet 3

Notes to the Financial Statements 5


Parmar Consultants Ltd

Company Information
for the Year Ended 30 April 2024







DIRECTOR: A Parmar





REGISTERED OFFICE: St Martins House
7 Peacock Lane
Leicester
Leicestershire
LE1 5PZ





REGISTERED NUMBER: 07616726 (England and Wales)





ACCOUNTANTS: The Rowleys Partnership Ltd
Chartered Accountants
Charnwood House
Harcourt Way
Meridian Business Park
Leicester
Leicestershire
LE19 1WP

Chartered Accountants' Report to the Director
on the Unaudited Financial Statements of
Parmar Consultants Ltd


The following reproduces the text of the report prepared for the director in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Director are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Parmar Consultants Ltd for the year ended 30 April 2024 which comprise the Income Statement, Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the director of Parmar Consultants Ltd in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Parmar Consultants Ltd and state those matters that we have agreed to state to the director of Parmar Consultants Ltd in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Parmar Consultants Ltd and its director for our work or for this report.

It is your duty to ensure that Parmar Consultants Ltd has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Parmar Consultants Ltd. You consider that Parmar Consultants Ltd is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Parmar Consultants Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






The Rowleys Partnership Ltd
Chartered Accountants
Charnwood House
Harcourt Way
Meridian Business Park
Leicester
Leicestershire
LE19 1WP


28 January 2025

Parmar Consultants Ltd (Registered number: 07616726)

Balance Sheet
30 April 2024

30.4.24 30.4.23
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 27,318 14,082
Tangible assets 5 10,345 3,420
37,663 17,502

CURRENT ASSETS
Debtors 6 56,172 51,104
Cash at bank 41,857 40,020
98,029 91,124
CREDITORS
Amounts falling due within one year 7 64,028 50,047
NET CURRENT ASSETS 34,001 41,077
TOTAL ASSETS LESS CURRENT
LIABILITIES

71,664

58,579

CREDITORS
Amounts falling due after more than
one year

8

(6,816

)

(12,935

)

PROVISIONS FOR LIABILITIES (2,587 ) (651 )
NET ASSETS 62,261 44,993

CAPITAL AND RESERVES
Called up share capital 9 100 100
Retained earnings 62,161 44,893
SHAREHOLDERS' FUNDS 62,261 44,993

Parmar Consultants Ltd (Registered number: 07616726)

Balance Sheet - continued
30 April 2024


The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 28 January 2025 and were signed by:





A Parmar - Director


Parmar Consultants Ltd (Registered number: 07616726)

Notes to the Financial Statements
for the Year Ended 30 April 2024


1. STATUTORY INFORMATION

Parmar Consultants Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates and value added tax.

Intangible fixed assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Patents and licences are being amortised at 20% reducing balance.

Cryptocurrencies have an indefinite life and so no amortisation has been applied. Impairment has been taken and the asset is revalued every year. If revaluation is increased it is taken to cost and after that is recognised in comprehensive income in respect of that asset.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 15% reducing balance
Computer equipment - 20% reducing balance

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.


Parmar Consultants Ltd (Registered number: 07616726)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2024


2. ACCOUNTING POLICIES - continued
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 2 ) .

4. INTANGIBLE FIXED ASSETS
Patents
and
licences Cryptocurrency Totals
£    £    £   
COST OR VALUATION
At 1 May 2023 1,516 13,879 15,395
Revaluations - 13,277 13,277
At 30 April 2024 1,516 27,156 28,672
AMORTISATION
At 1 May 2023 1,313 - 1,313
Amortisation for year 41 - 41
At 30 April 2024 1,354 - 1,354
NET BOOK VALUE
At 30 April 2024 162 27,156 27,318
At 30 April 2023 203 13,879 14,082

Parmar Consultants Ltd (Registered number: 07616726)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2024


4. INTANGIBLE FIXED ASSETS - continued

Cost or valuation at 30 April 2024 is represented by:

Patents
and
licences Cryptocurrency Totals
£    £    £   
Valuation in 2022 - (8,542 ) (8,542 )
Valuation in 2023 - (4,579 ) (4,579 )
Valuation in 2024 - 13,277 13,277
Cost 1,516 27,000 28,516
1,516 27,156 28,672

5. TANGIBLE FIXED ASSETS
Fixtures
and Computer
fittings equipment Totals
£    £    £   
COST
At 1 May 2023 1,729 6,218 7,947
Additions - 9,445 9,445
At 30 April 2024 1,729 15,663 17,392
DEPRECIATION
At 1 May 2023 654 3,873 4,527
Charge for year 161 2,359 2,520
At 30 April 2024 815 6,232 7,047
NET BOOK VALUE
At 30 April 2024 914 9,431 10,345
At 30 April 2023 1,075 2,345 3,420

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.4.24 30.4.23
£    £   
Trade debtors 49,930 50,431
Other debtors 150 475
Directors' current accounts 5,887 -
Prepayments and accrued income 205 198
56,172 51,104

Parmar Consultants Ltd (Registered number: 07616726)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2024


7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.4.24 30.4.23
£    £   
Bank loans and overdrafts 6,135 5,984
Trade creditors 6,864 10,150
Corporation tax 17,556 8,666
Social security and other taxes 9 55
VAT 19,794 20,658
Other creditors 13,001 2,691
Directors' current accounts - 933
Accruals and deferred income 669 910
64,028 50,047

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
30.4.24 30.4.23
£    £   
Bank loans - 1-2 years 6,816 6,135
Bank loans - 2-5 years - 6,800
6,816 12,935

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 30.4.24 30.4.23
value: £    £   
100 ordinary £1 100 100

10. FINANCIAL COMMITMENTS

Total financial commitments, guarantees and contingencies which are not included in the balance sheet amount to £5,728 (2023- £2,628).

Parmar Consultants Ltd (Registered number: 07616726)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2024


11. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 30 April 2024 and 30 April 2023:

30.4.24 30.4.23
£    £   
A Parmar
Balance outstanding at start of year - -
Amounts advanced 55,789 -
Amounts repaid (49,902 ) -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 5,887 -

The above loan is interest free and repayable on demand.