Pareto IT LLP - Accounts to registrar (filleted) - small 22.3

REGISTERED NUMBER: OC364510 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 March 2022

for

Pareto IT LLP

Page

General Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DESIGNATED MEMBERS:

J M Stevenson

L Douthwaite

P Hartley

REGISTERED OFFICE:

Level 7, Tower 12

18-22 Bridge Street

Manchester

M3 3BZ

REGISTERED NUMBER:

OC364510 (England and Wales)

ACCOUNTANTS:

Pareto Tax & Wealth LLP

Level 7, Tower 12,

18-22 Bridge Street,

Spinningfields,

Manchester

M3 3BZ

CURRENT ASSETS

Debtors

4

59,662

51,819

Cash at bank

12,838

13,928

72,500

65,747

CREDITORS

Amounts falling due within one year

5

25,273

11,452

NET CURRENT ASSETS

47,227

54,295

TOTAL ASSETS LESS CURRENT LIABILITIES

47,227

54,295

CREDITORS

Amounts falling due after more than one year

6

12,932

20,000

NET ASSETS ATTRIBUTABLE TO MEMBERS

34,295

34,295

LOANS AND OTHER DEBTS DUE TO MEMBERS

7

34,295

34,295

TOTAL MEMBERS' INTERESTS

Loans and other debts due to members

7

34,295

34,295

Amounts due from members

4

(28,100

)

(31,338

)

6,195

2,957

The LLP is entitled to exemption from audit under Section 477 of the Companies Act 2006 as applied to LLPs by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008 for the year ended 31 March 2022.

The members acknowledge their responsibilities for:

(a)	ensuring that the LLP keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 as applied to LLPs by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the LLP 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 as applied to LLPs by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008 relating to financial statements, so far as applicable to the LLP.

The financial statements have been prepared and delivered in accordance with the provisions applicable to LLPs subject to the small LLPs regime.

In accordance with Section 444 of the Companies Act 2006 as applied to LLPs by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008, the Income Statement has not been delivered.

The financial statements were approved by the members of the LLP and authorised for issue on 21 December 2022 and were signed by:

J M Stevenson - Designated member

1.	STATUTORY INFORMATION

Pareto IT LLP is registered in England and Wales. The LLP's registered number and registered office address can be found on the General 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 requirements of the Statement of Recommended Practice, Accounting by Limited Liability Partnerships. 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.

3.	EMPLOYEE INFORMATION

The average number of employees during the year was 3 (2021 - 3 ) .

4.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.22

31.3.21

£

£

Trade debtors

31,321

20,481

Other debtors

28,341

31,338

59,662

51,819

5.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.22

31.3.21

£

£

Bank loans and overdrafts

4,259

-

Trade creditors

54

-

Taxation and social security

13,580

10,030

Other creditors

7,380

1,422

25,273

11,452

6.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.3.22

31.3.21

£

£

Bank loans

12,932

20,000

7.

LOANS AND OTHER DEBTS DUE TO MEMBERS

Members only take drawings where cash is available and other creditors are not adversely affected.

8.	ULTIMATE CONTROLLING PARTY

The LLP is controlled by the members.