Registered number: 12173248

Parallel Solutions Ltd
Unaudited Financial Statements
for the year ended 31 August 2024

Statement of Financial Position

as at 31 August 2024

  2024
2023
   
££
 
££
Called up share capital not paid  
  -  
 
  -  
Fixed assets  
  3,256  
 
  4,986  
Current assets  
100,900    
 
64,245    
Prepayments and accrued income  
723    
 
655    
Creditors: amounts falling due within one year  
( 18,057 )  
 
( 40,824 )  
Net current assets (liabilities)  
  83,566  
 
  24,076  
Total assets less current liabilities  
  86,822  
 
  29,062  
Creditors: amounts falling due after more than one year  
  -  
 
  -  
Provisions for liabilities  
  -  
 
  -  
Accruals and deferred income  
  -  
 
  -  
Net assets  
  86,822  
 
  29,062  
   
Capital and reserves  
  86,822  
 
  29,062  

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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
£ £ £ £ £ £ £
( 13,470 ) ( 74,287 )
( 74,287 )
11,130
11,130  
0 0 0 ( 76,627 )

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