Registered number: 12173248
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Parallel Solutions Ltd
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Unaudited Financial Statements
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| for the year ended
31 August 2024
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Statement of Financial Position
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2024 |
2023 |
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Called up share capital not paid
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Fixed assets
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Current assets
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Prepayments and accrued income
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Creditors: amounts falling due within one year
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Net current assets (liabilities)
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Total assets less current liabilities
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Creditors: amounts falling due after more than one year
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Provisions for liabilities
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Accruals and deferred income
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Net assets
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Capital and reserves
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xbrli:pure
12173248
2023-09-01
2024-08-31
12173248
2022-09-01
2023-08-31
12173248
2024-08-31
12173248
2023-08-31
12173248
2023-09-01
12173248
uk-frs102:WithinOneYear
2024-08-31
12173248
uk-frs102:AfterOneYear
2024-08-31
12173248
uk-frs102:WithinOneYear
2023-08-31
12173248
uk-frs102:AfterOneYear
2023-08-31
12173248
uk-bus:AuditExempt-NoAccountantsReport
2023-09-01
2024-08-31
12173248
uk-bus:FilletedAccounts
2023-09-01
2024-08-31
12173248
uk-bus:Director1
1
2023-09-01
2024-08-31
12173248
uk-bus:Director1
2023-09-01
2024-08-31
12173248
uk-bus:Director1
1
2023-09-01
12173248
uk-bus:Director1
1
2024-08-31
12173248
uk-bus:Micro-entities
2023-09-01
2024-08-31
12173248
uk-bus:PrivateLimitedCompanyLtd
2023-09-01
2024-08-31
iso4217:GBP
12173248
countries:EnglandWales
2023-09-01
2024-08-31
12173248
uk-bus:RegisteredOffice
2023-09-01
2024-08-31
Footnotes to the Statement of Financial Position
Olajide Akeke
1. Arrangements not included in Statement of Financial Position
The company has not entered into any arrangements not shown on the Statement of Financial Position.
2. Average number of employees
The average number of employees in the period was 1.
3. Directors’ benefits: advances, credit and guarantees
Olajide Akeke
Included in debtors is an amount payable to the company by one of its directors. The amount is an advance of £76,627 made to Olajide Akeke, a director of the company, on 01/09/2023.
During the accounting year the maximum amount payable by Olajide Akeke was £76,627
The following conditions are attached to the amount payable by Olajide Akeke:
- There is no interest due to be paid on any outstanding amount
- No fixed date has been set for the amount to be repaid to the company.
| Opening
balance 01/09/2023 |
Additional advance |
Amount repaid |
Amount written off |
Amounts waived |
Interest payable |
Closing balance 31/08/2024 |
| £ |
£ |
£ |
£ |
£ |
£ |
£ |
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(
13,470
)
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(
74,287
)
(
74,287
)
|
11,130
11,130
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0
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0
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0
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(
76,627
)
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4. Guarantees, contingencies and other financial commitments
There are no guarantees, contingencies or other commitments not included in the financial statements.
Statutory Statements
In accordance with section 414(3) of the Companies Act 2006, these accounts have been prepared in accordance with the FRS 105: The Financial Reporting Standard applicable to the Micro-entities Regime for periods commencing on or after 1 January 2016.
These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.
For the year ending 31/08/2024 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 directors acknowledge their responsibilities for complying with the requirements of Companies Act 2006 with respect to accounting records and the preparation of accounts
Company information
a) The company is registered in England and Wales
b) Company registration number -
12173248
c) The company is a private company and is limited by shares
d) The company's registered office address is
14 Brushford Close,
Liverpool,
L12 0SB,
England
Approved by the board of directors and signed on behalf of the board,
Parallel Solutions Ltd
Director
Olajide Akeke
Date of approval:
03/06/2025
The company was trading for the entire period
2023-09-01
2024-08-31
2024-08-31
Design Engineer - Designing bespoke mechanical equipment in the nuclear sector
2025-06-03
2025-06-03