Acorah Software Products - Accounts Production 15.0.500 false true 30 April 2023 1 May 2022 false 1 May 2023 30 April 2024 30 April 2024 08016271 Mrs Nicola Parello Mr Dennis Parello Dennis Parello and Nicola Parello true iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 08016271 2023-04-30 08016271 2024-04-30 08016271 2023-05-01 2024-04-30 08016271 frs-core:CurrentFinancialInstruments 2024-04-30 08016271 frs-core:FurnitureFittings 2024-04-30 08016271 frs-core:FurnitureFittings 2023-05-01 2024-04-30 08016271 frs-core:FurnitureFittings 2023-04-30 08016271 frs-core:ShareCapital 2024-04-30 08016271 frs-core:RetainedEarningsAccumulatedLosses 2024-04-30 08016271 frs-bus:PrivateLimitedCompanyLtd 2023-05-01 2024-04-30 08016271 frs-bus:FilletedAccounts 2023-05-01 2024-04-30 08016271 frs-bus:SmallEntities 2023-05-01 2024-04-30 08016271 frs-bus:AuditExemptWithAccountantsReport 2023-05-01 2024-04-30 08016271 frs-bus:SmallCompaniesRegimeForAccounts 2023-05-01 2024-04-30 08016271 1 2023-05-01 2024-04-30 08016271 frs-bus:Director1 2023-05-01 2024-04-30 08016271 frs-bus:Director2 2023-05-01 2024-04-30 08016271 frs-countries:EnglandWales 2023-05-01 2024-04-30 08016271 2022-04-30 08016271 2023-04-30 08016271 2022-05-01 2023-04-30 08016271 frs-core:CurrentFinancialInstruments 2023-04-30 08016271 frs-core:ShareCapital 2023-04-30 08016271 frs-core:RetainedEarningsAccumulatedLosses 2023-04-30
Registered number: 08016271
D J Parello Limited
Financial Statements
For The Year Ended 30 April 2024
DJ Coulter & Associates Limited
Chartered Certified Accountants
Wellesley House
7 Clarence Parade
Cheltenham
GL50 3NY
Contents
Page
Accountants' Report 1
Balance Sheet 2—3
Notes to the Financial Statements 4—6
Page 1
Accountants' Report
Report to the directors on the preparation of the unaudited statutory accounts of D J Parello Limited for the year ended 30 April 2024
To assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of D J Parello Limited which comprise the Profit and Loss Account, the Balance Sheet and the related notes, from the company’s accounting records and from information and explanations you have given us.
As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at http://www.accaglobal.com/en/member/professional-standards/rules-standards/acca-rulebook.html.
This report is made to the directors of D J Parello Limited , as a body, in accordance with the terms of our engagement letter dated 31 July 2019. Our work has been undertaken solely to prepare for your approval the accounts of D J Parello Limited and state those matters that we have agreed to state to the directors of D J Parello Limited , as a body, in this report in accordance with the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/content/dam/ACCA_Global/Technical/fact/technical-factsheet-163.pdf. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than D J Parello Limited and its directors as a body for our work or for this report.
It is your duty to ensure that D J Parello Limited has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit or loss of D J Parello Limited . You consider that D J Parello Limited is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit or a review of the accounts of D J Parello Limited . For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the financial statements.
Signed
31st July 2024
DJ Coulter & Associates Limited
Chartered Certified Accountants
Wellesley House
7 Clarence Parade
Cheltenham
GL50 3NY
Page 1
Page 2
Balance Sheet
Registered number: 08016271
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 1,227 604
1,227 604
CURRENT ASSETS
Debtors 5 158 68
Cash at bank and in hand 19,590 39,329
19,748 39,397
Creditors: Amounts Falling Due Within One Year 6 (24,707 ) (32,456 )
NET CURRENT ASSETS (LIABILITIES) (4,959 ) 6,941
TOTAL ASSETS LESS CURRENT LIABILITIES (3,732 ) 7,545
NET (LIABILITIES)/ASSETS (3,732 ) 7,545
CAPITAL AND RESERVES
Called up share capital 7 4 4
Profit and Loss Account (3,736 ) 7,541
SHAREHOLDERS' FUNDS (3,732) 7,545
Page 2
Page 3
For the year ending 30 April 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 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.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr Dennis Parello
Director
31st July 2024
The notes on pages 4 to 6 form part of these financial statements.
Page 3
Page 4
Notes to the Financial Statements
1. General Information
D J Parello Limited Registered number 08016271 is a limited by shares company incorporated in England & Wales. The Registered Office is 2 Bassett Road, Northleach, Cheltenham, Gloucestershire, GL54 3QJ.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008).
2.2. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts. Turnover includes revenue earned from the rendering of services.
Rendering of services
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. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Fixtures & Fittings 25% reducing balance
2.4. Leasing and Hire Purchase Contracts
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to profit and loss account as incurred.
2.5. Taxation
Income tax expense represents the sum of the tax currently payable.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other year and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
Current tax for the year is recognised in profit or loss, except when they related to items that are recognised in other comprehensive income or directly in equity, in which case, the current tax is also recognised in other comprehensive income or directly in equity respectively.
2.6. Pensions
The company operates a defined pension contribution scheme. Contributions are charged to the profit and loss account as they become payable in accordance with the rules of the scheme.
Page 4
Page 5
2.7. Registrar Filing Requirements
The company has taken advantage of Companies Act 2006 section 444(1) and opted not to file the profit and loss account, directors report, and notes to the financial statements relating to the profit and loss account.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 2 (2023: 2)
2 2
4. Tangible Assets
Fixtures & Fittings
£
Cost
As at 1 May 2023 2,327
Additions 1,079
Disposals (505 )
As at 30 April 2024 2,901
Depreciation
As at 1 May 2023 1,723
Provided during the period 408
Disposals (457 )
As at 30 April 2024 1,674
Net Book Value
As at 30 April 2024 1,227
As at 1 May 2023 604
5. Debtors
2024 2023
£ £
Due within one year
Prepayments and accrued income 158 68
6. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Corporation tax 4,062 3,818
Accruals and deferred income 345 506
Directors' loan accounts 20,300 28,132
24,707 32,456
Page 5
Page 6
7. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 4 4
8. Directors Advances, Credits and Guarantees
Dividends paid to directors
2024 2023
£ £
Mrs Nicola Parello 14,500 17,000
Mr Dennis Parello 14,500 17,000
9. Dividends
2024 2023
£ £
On equity shares:
Final dividend paid 29,000 34,000
10. Ultimate Controlling Party
The company's ultimate controlling party is Dennis Parello and Nicola Parello by virtue of thier ownership of 100% of the issued share capital in the company.
Page 6