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Company Registration No. 11017538 (England and Wales)
Parapool Ltd Unaudited accounts for the year ended 31 October 2023
Parapool Ltd Unaudited accounts Contents
Page
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Parapool Ltd Company Information for the year ended 31 October 2023
Directors
H Gibberd A Gibberd H Irwin J Willcox
Company Number
11017538 (England and Wales)
Registered Office
New Mead Barn, Wickham Hall Hadham Road Bishop's Stortford Hertfordshire CM23 1JG
Accountants
Redbox Accountancy Limited New Mead Barn Wickham Hall, Hadham Road Bishop's Stortford Hertfordshire CM23 1JG
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Parapool Ltd Statement of financial position as at 31 October 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Intangible assets
12,283 
8,359 
Current assets
Cash at bank and in hand
11,138 
13,646 
Creditors: amounts falling due within one year
(3,999)
(5,028)
Net current assets
7,139 
8,618 
Net assets
19,422 
16,977 
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
19,322 
16,877 
Shareholders' funds
19,422 
16,977 
For the year ending 31 October 2023 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 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 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 of Directors and authorised for issue on 13 February 2024 and were signed on its behalf by
H Gibberd Director Company Registration No. 11017538
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Parapool Ltd Notes to the Accounts for the year ended 31 October 2023
1
Statutory information
Parapool Ltd is a private company, limited by shares, registered in England and Wales, registration number 11017538. The registered office is New Mead Barn, Wickham Hall, Hadham Road, Bishop's Stortford, Hertfordshire, CM23 1JG.
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.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Intangible fixed assets
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
4
Intangible fixed assets
Other 
£ 
Cost
At 1 November 2022
15,739 
Additions
8,840 
At 31 October 2023
24,579 
Amortisation
At 1 November 2022
7,380 
Charge for the year
4,916 
At 31 October 2023
12,296 
Net book value
At 31 October 2023
12,283 
At 31 October 2022
8,359 
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Parapool Ltd Notes to the Accounts for the year ended 31 October 2023
5
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
VAT
763 
890 
Taxes and social security
1,403 
3,672 
Loans from directors
1,233 
(14)
Accruals
600 
480 
3,999 
5,028 
6
Loans to directors
Brought Forward 
Advance/ credit 
Repaid 
Carried Forward 
£ 
£ 
£ 
£ 
H Irwin
Loans to directors
47 
- 
47 
- 
J Willcox
Loans to directors
112 
- 
112 
- 
159 
- 
159 
- 
7
Average number of employees
During the year the average number of employees was 0 (2022: 0).
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