Accounts Submission

Accounts Submission

PARIM LIMITED - Company Information

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PARIM LIMITED

Company Registration Number:
08434810 (England and Wales)

Unaudited statutory accounts for the year ended 31 March 2019

Period of accounts

Start date: 01 April 2018

End date: 31 March 2019

Page 1

PARIM LIMITED

Contents of the Financial Statements

for the Period Ended 31 March 2019

Company Information - 3
Report of the Directors - 4
Balance sheet - 5
Additional notes - 7
Balance sheet notes - 8

Page 2

PARIM LIMITED

Company Information

for the Period Ended 31 March 2019




Director: Riko Muttik
David Duncan
Registered office: 65
London Wall
London
GBR
EC2M 5TU
Company Registration Number: 08434810 (England and Wales)

Page 3

PARIM LIMITED

Directors' Report Period Ended 31 March 2019

The directors present their report with the financial statements of the company for the period ended 31 March 2019

Principal Activities

The company's principal activity during the period was the developing workforce management software product and selling the software as a service.

Directors

The directors shown below have held office during the whole of the period from 01 April 2018 to 31 March 2019
Riko Muttik
David Duncan

This report was approved by the board of directors on 14 June 2019
And Signed On Behalf Of The Board By:

Name: Riko Muttik
Status: Director

Page 4

PARIM LIMITED

Balance sheet

As at 31 March 2019


Notes
2019
£
2018
£
Fixed assets
Intangible assets: 2 207,283 225,323
Tangible assets: 3 7,654 3,875
Total fixed assets: 214,937 229,198
Current assets
Debtors: 4 37,208 26,661
Cash at bank and in hand: 5,134 6,584
Total current assets: 42,342 33,245
Prepayments and accrued income: 2,452 2,262
Creditors: amounts falling due within one year: 5 ( 236,904 ) ( 137,574 )
Net current assets (liabilities): ( 192,110 ) ( 102,067 )
Total assets less current liabilities: 22,827 127,131
Creditors: amounts falling due after more than one year: 6 ( 200,000 ) ( 200,000 )
Total net assets (liabilities): ( 177,173 ) ( 72,869 )

The notes form part of these financial statements

Page 5

PARIM LIMITED

Balance sheet continued

As at 31 March 2019


Notes
2019
£
2018
£
Capital and reserves
Called up share capital: 120,000 120,000
Profit and loss account: ( 297,173 ) ( 192,869 )
Shareholders funds: ( 177,173 ) ( 72,869 )

For the year ending 31 March 2019 the company was entitled to exemption 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 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.

This report was approved by the board of directors on 14 June 2019
And Signed On Behalf Of The Board By:

Name: Riko Muttik
Status: Director

The notes form part of these financial statements

Page 6

PARIM LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2019

  • 1. Accounting policies

    Basis of measurement and preparation

    These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

Page 7

PARIM LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2019

2. Intangible assets

Other Total
Cost £ £
At 01 April 2018 276,302 276,302
Additions - -
Disposals - -
Revaluations - -
Transfers - -
At 31 March 2019 276,302 276,302
Amortisation
Amortisation at 01 April 2018 50,979 50,979
Charge for year 18,040 18,040
On disposals - -
Other adjustments - -
Amortisation at 31 March 2019 69,019 69,019
Net book value
Net book value at 31 March 2019 207,283 207,283
Net book value at 31 March 2018 225,323 225,323

Page 8

PARIM LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2019

3. Tangible assets

Office equipment Total
Cost £ £
At 01 April 2018 11,988 11,988
Additions 5,366 5,366
Disposals - -
Revaluations - -
Transfers - -
At 31 March 2019 17,354 17,354
Depreciation
At 01 April 2018 8,113 8,113
Charge for year 1,587 1,587
On disposals - -
Other adjustments - -
At 31 March 2019 9,700 9,700
Net book value
At 31 March 2019 7,654 7,654
At 31 March 2018 3,875 3,875

Page 9

PARIM LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2019

4. Debtors


2019
£
2018
£
Trade debtors 37,208 26,661
Total 37,208 26,661

Page 10

PARIM LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2019

5.Creditors: amounts falling due within one year note


2019
£
2018
£
Trade creditors 44,377 15,405
Taxation and social security 48,098 36,797
Other creditors 144,429 85,372
Total 236,904 137,574

Page 11

PARIM LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2019

6.Creditors: amounts falling due after more than one year


2019
£
2018
£
Other creditors 200,000 200,000
Total 200,000 200,000

Page 12