2023-03-012024-02-292024-02-29false13900434On Parole 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On Parole Ltd

Registered Number
13900434
(England and Wales)

Unaudited Financial Statements for the Year ended
29 February 2024

On Parole Ltd
Company Information
for the year from 1 March 2023 to 29 February 2024

Directors

Mr S R Bancroft
Mr C J M Wilkes

Company Secretary

WILKES, Christopher John Mark

Registered Address

Cornish Accounting Solutions
79 Higher Bore Street
Bodmin
PL31 1JT

Registered Number

13900434 (England and Wales)
On Parole Ltd
Balance Sheet as at
29 February 2024

Notes

2024

2023

£

£

£

£

Fixed assets
Tangible assets35,9055,600
5,9055,600
Current assets
Debtors4634,590
Cash at bank and on hand5,4582,180
5,9216,770
Creditors amounts falling due within one year4(3,030)(4,689)
Net current assets (liabilities)2,8912,081
Total assets less current liabilities8,7967,681
Creditors amounts falling due after one year(3,600)-
Net assets5,1967,681
Capital and reserves
Called up share capital500500
Profit and loss account4,6967,181
Shareholders' funds5,1967,681
The financial statements were approved and authorised for issue by the Board of Directors on 27 November 2024, and are signed on its behalf by:
Mr C J M Wilkes
Director
Registered Company No. 13900434
On Parole Ltd
Notes to the Financial Statements
for the year ended 29 February 2024

1.Accounting policies
Statutory information
The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.
Statement of compliance
The financial statements have been prepared in compliance with FRS 102 Section 1A as it applies to the financial statements for the period and there were no material departures from the reporting standard.
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, the financial reporting standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Revenue from sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. 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.
Foreign currency translation
Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.
Tangible fixed assets and depreciation
Tangible fixed assets are stated at cost or valuation less depreciation. Depreciation is provided on all tangible fixed assets as follows:
2.Average number of employees

20242023
Average number of employees during the year22
3.Tangible fixed assets

Total

£
Cost or valuation
At 01 March 237,000
Additions1,500
At 29 February 248,500
Depreciation and impairment
At 01 March 231,400
Charge for year1,195
At 29 February 242,595
Net book value
At 29 February 245,905
At 28 February 235,600
4.Creditors: amounts due within one year

2024

2023

££
Bank borrowings and overdrafts502-
Taxation and social security1,4351,273
Other creditors2372,688
Accrued liabilities and deferred income856728
Total3,0304,689
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.