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Company Registration No. 08816646 (England and Wales)
Par Technologies Ltd Unaudited accounts for the year ended 31 December 2024
Par Technologies Ltd Unaudited accounts Contents
Page
Company information
3
Statement of financial position
4
Notes to the accounts
5
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Par Technologies Ltd Company Information for the year ended 31 December 2024
Director
Phani Krishna Pemmaraju
Company Number
08816646 (England and Wales)
Registered Office
46 Salisbury Road Urmston Manchester M41 0RB ENGLAND
Accountants
Metropolitan Accountants Ltd Phoenix Business Centre Office 10, Rosslyn Crescent Harrow Middlesex HA1 2SP
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Par Technologies Ltd Statement of financial position as at 31 December 2024
2024
2023
Notes
£
£
Fixed assets
Tangible assets
4
3,417
-
Current assets
Cash at bank and in hand
51,541
119,693
Creditors: amounts falling due within one year
5
(12,481)
(21,854)
Net current assets
39,060
97,839
Net assets
42,477
97,839
Capital and reserves
Called up share capital
100
100
Profit and loss account
42,377
97,739
Shareholders' funds
42,477
97,839
For the year ending 31 December 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 8 September 2025 and were signed on its behalf by
Phani Krishna Pemmaraju Director Company Registration No. 08816646
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Par Technologies Ltd Notes to the Accounts for the year ended 31 December 2024
1
Statutory information
Par Technologies Ltd is a private company, limited by shares, registered in England and Wales, registration number 08816646. The registered office is 46 Salisbury Road, Urmston, Manchester, M41 0RB, ENGLAND.
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.
3
Accounting policies
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.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
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:
Computer equipment
20% at reducing line basis
4
Tangible fixed assets
Computer equipment
£
Cost or valuation
At cost
At 1 January 2024
1,356
Additions
5,126
At 31 December 2024
6,482
Depreciation
At 1 January 2024
1,356
Charge for the year
1,709
At 31 December 2024
3,065
Net book value
At 31 December 2024
3,417
5
Creditors: amounts falling due within one year
2024
2023
£
£
VAT
4,866
8,097
Taxes and social security
6,619
9,700
Loans from directors
296
3,407
Accruals
700
650
12,481
21,854
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Par Technologies Ltd Notes to the Accounts for the year ended 31 December 2024
6
Average number of employees
During the year the average number of employees was 2 (2023: 2).
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