Pareto IT LLP - Accounts to registrar (filleted) - small 23.2.5

Pareto IT LLP - Accounts to registrar (filleted) - small 23.2.5

PARETO IT LLP - Company Information

Print Friendly Version

IRIS Accounts Production v23.3.0.418 OC364510 designated member 1.4.22 31.3.23 31.3.23 false true false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWhOC3645102022-03-31OC3645102023-03-31OC3645102022-04-012023-03-31OC3645102021-03-31OC3645102021-04-012022-03-31OC3645102022-03-31OC364510ns10:Originalns15:EnglandWales2022-04-012023-03-31OC364510ns14:PoundSterlingns10:Original2022-04-012023-03-31OC364510ns10:Originalns10:Director12022-04-012023-03-31OC364510ns10:Original2022-04-012023-03-31OC364510ns10:Original2023-03-31OC364510ns10:Originalns10:LimitedLiabilityPartnershipLLP2022-04-012023-03-31OC364510ns10:Originalns10:SmallEntities2022-04-012023-03-31OC364510ns10:Originalns10:AuditExempt-NoAccountantsReport2022-04-012023-03-31OC364510ns10:SmallCompaniesRegimeForAccountsns10:Original2022-04-012023-03-31OC364510ns10:LimitedLiabilityPartnershipsSORPns10:Original2022-04-012023-03-31OC364510ns10:Originalns10:FullAccounts2022-04-012023-03-31OC364510ns10:Originalns10:Director32022-04-012023-03-31OC364510ns10:Originalns10:RegisteredOffice2022-04-012023-03-31OC364510ns10:Original2022-03-31OC364510ns10:Originalns5:CurrentFinancialInstruments2023-03-31OC364510ns10:Originalns5:CurrentFinancialInstruments2022-03-31OC364510ns10:Originalns5:Non-currentFinancialInstruments2023-03-31OC364510ns10:Originalns5:Non-currentFinancialInstruments2022-03-31OC364510ns10:Original2021-04-012022-03-31OC364510ns10:Originalns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-03-31OC364510ns10:Originalns5:CurrentFinancialInstrumentsns5:WithinOneYear2022-03-31
REGISTERED NUMBER: OC364510 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 March 2023

for

Pareto IT LLP
Pareto IT LLP (Registered number: OC364510)






Contents of the Financial Statements
for the Year Ended 31 March 2023




Page

General Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Pareto IT LLP

General Information
for the Year Ended 31 March 2023







DESIGNATED MEMBERS: 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
Page 1
Pareto IT LLP (Registered number: OC364510)

Balance Sheet
31 March 2023

31.3.23 31.3.22
Notes £    £   
CURRENT ASSETS
Debtors 4 56,245 59,662
Cash at bank 7,115 12,838
63,360 72,500
CREDITORS
Amounts falling due within one year 5 20,022 25,273
NET CURRENT ASSETS 43,338 47,227
TOTAL ASSETS LESS CURRENT
LIABILITIES
43,338
47,227

CREDITORS
Amounts falling due after more than one
year
6
9,043
12,932
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 (23,538 ) (28,100 )
10,757 6,195

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 2023.

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 notes form part of these financial statements

Page 2 continued...
Pareto IT LLP (Registered number: OC364510)

Balance Sheet - continued
31 March 2023


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 19 December 2023 and were signed by:





L Douthwaite - Designated member

The notes form part of these financial statements

Page 3
Pareto IT LLP (Registered number: OC364510)

Notes to the Financial Statements
for the Year Ended 31 March 2023

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 2 (2022 - 3 ) .

4. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.23 31.3.22
£    £   
Trade debtors 32,707 31,321
Other debtors 23,538 28,341
56,245 59,662

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.23 31.3.22
£    £   
Bank loans and overdrafts 4,259 4,259
Trade creditors 26 54
Taxation and social security 14,191 13,580
Other creditors 1,546 7,380
20,022 25,273

6. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.3.23 31.3.22
£    £   
Bank loans 9,043 12,932

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.

Page 4