REGISTERED NUMBER: 03141987 (England and Wales)

Unaudited Financial Statements

for the Year Ended 31 March 2025

for

In-parallel Computer Staff Ltd.

Page

Company Information

1

Statement of Financial Position

2

Notes to the Financial Statements

3

DIRECTORS:

S R Peach

Mrs J D Peach

REGISTERED OFFICE:

3 Church Street

Tewkesbury

Gloucestershire

GL20 5PA

REGISTERED NUMBER:

03141987 (England and Wales)

ACCOUNTANTS:

HATS Gloucester Ltd

48 Hucclecote Road

Gloucester

Gloucestershire

GL3 3RS

BANKERS:

Lloyds Bank

130 High Street

Cheltenham

GL50 1EW

FIXED ASSETS

Tangible assets

4

2,779

3,066

CURRENT ASSETS

Debtors

5

352,372

286,236

Cash at bank and in hand

340,826

424,279

693,198

710,515

CREDITORS

Amounts falling due within one year

6

100,284

42,601

NET CURRENT ASSETS

592,914

667,914

TOTAL ASSETS LESS CURRENT LIABILITIES

595,693

670,980

CAPITAL AND RESERVES

Called up share capital

600

600

Retained earnings

595,093

670,380

SHAREHOLDERS' FUNDS

595,693

670,980

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2025 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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 Board of Directors and authorised for issue on 18 August 2025 and were signed on its behalf by:

S R Peach - Director

1.	STATUTORY INFORMATION

In-parallel Computer Staff 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.

Turnover

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

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Computer equipment

-

20% on 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 statement of financial position date.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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 3 (2024 - 3 ) .

4.	TANGIBLE FIXED ASSETS

Computer

equipment

£

Cost

At 1 April 2024

17,427

Additions

408

At 31 March 2025

17,835

Depreciation

At 1 April 2024

14,361

Charge for year

695

At 31 March 2025

15,056

Net book value

At 31 March 2025

2,779

At 31 March 2024

3,066

5.

DEBTORS

31/3/25

31/3/24

£

£

Amounts falling due within one year:

Other debtors

172,705

104,636

Amounts falling due after more than one year:

Other debtors

179,667

181,600

Aggregate amounts

352,372

286,236

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31/3/25

31/3/24

£

£

Trade creditors

29,183

12,613

Taxation and social security

2,459

7,989

Other creditors

68,642

21,999

100,284

42,601

7.	LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:

31/3/25

31/3/24

£

£

Within one year

1,450

1,450

8.	RELATED PARTY DISCLOSURES

Directors

S R Peach & Mrs J D Peach

The directors have loaned funds to the company. At 31 March 2025 they were owed £46,337 (2024 - £8,346).

This unsecured loan, included within other creditors, is interest free and is repayable on demand.