Acorah Software Products - Accounts Production 16.3.350 false true 31 August 2023 1 September 2022 false 1 September 2023 31 August 2024 31 August 2024 12824026 Mr Barney Menzies Mr Charlie Menzies iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 12824026 2023-08-31 12824026 2024-08-31 12824026 2023-09-01 2024-08-31 12824026 frs-core:CurrentFinancialInstruments 2024-08-31 12824026 frs-core:ComputerEquipment 2024-08-31 12824026 frs-core:ComputerEquipment 2023-09-01 2024-08-31 12824026 frs-core:ComputerEquipment 2023-08-31 12824026 frs-core:FurnitureFittings 2024-08-31 12824026 frs-core:FurnitureFittings 2023-09-01 2024-08-31 12824026 frs-core:FurnitureFittings 2023-08-31 12824026 frs-core:RetainedEarningsAccumulatedLosses 2024-08-31 12824026 frs-bus:PrivateLimitedCompanyLtd 2023-09-01 2024-08-31 12824026 frs-bus:FilletedAccounts 2023-09-01 2024-08-31 12824026 frs-bus:SmallEntities 2023-09-01 2024-08-31 12824026 frs-bus:AuditExempt-NoAccountantsReport 2023-09-01 2024-08-31 12824026 frs-bus:SmallCompaniesRegimeForAccounts 2023-09-01 2024-08-31 12824026 frs-bus:Director1 2023-09-01 2024-08-31 12824026 frs-bus:Director2 2023-09-01 2024-08-31 12824026 frs-countries:EnglandWales 2023-09-01 2024-08-31 12824026 2022-08-31 12824026 2023-08-31 12824026 2022-09-01 2023-08-31 12824026 frs-core:CurrentFinancialInstruments 2023-08-31 12824026 frs-core:RetainedEarningsAccumulatedLosses 2023-08-31
Registered number: 12824026
Parable Games Ltd
Unaudited Financial Statements
For The Year Ended 31 August 2024
Elite Accounting Services (Leicester) Limited
Contents
Page
Balance Sheet 1
Notes to the Financial Statements 2—3
Page 1
Balance Sheet
Registered number: 12824026
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 333 837
333 837
CURRENT ASSETS
Stocks 5 26,551 18,218
Debtors 6 11,669 3,121
Cash at bank and in hand 156,831 41,491
195,051 62,830
Creditors: Amounts Falling Due Within One Year 7 (312,179 ) (63,290 )
NET CURRENT ASSETS (LIABILITIES) (117,128 ) (460 )
TOTAL ASSETS LESS CURRENT LIABILITIES (116,795 ) 377
NET (LIABILITIES)/ASSETS (116,795 ) 377
Profit and Loss Account (116,795 ) 377
SHAREHOLDERS' FUNDS (116,795) 377
For the year ending 31 August 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 Barney Menzies
Director
29/05/2025
The notes on pages 2 to 3 form part of these financial statements.
Page 1
Page 2
Notes to the Financial Statements
1. General Information
Parable Games Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 12824026 . The registered office is 167-169 5th Floor, Great Portland Street, London, W1W 5PF.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
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 measured at cost less accumulated depreciation and any accumulated impairment losses. 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 Straight Line Method over 5 years
Computer Equipment Straight Line Method over 3 years
2.4. Stocks and Work in Progress
Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.
2.5. Foreign Currencies
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate ruling on the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 2 (2023: 2)
2 2
Page 2
Page 3
4. Tangible Assets
Fixtures & Fittings Computer Equipment Total
£ £ £
Cost
As at 1 September 2023 55 9,477 9,532
As at 31 August 2024 55 9,477 9,532
Depreciation
As at 1 September 2023 11 8,684 8,695
Provided during the period 11 493 504
As at 31 August 2024 22 9,177 9,199
Net Book Value
As at 31 August 2024 33 300 333
As at 1 September 2023 44 793 837
5. Stocks
2024 2023
£ £
Stock 26,551 18,218
6. Debtors
2024 2023
£ £
Due within one year
Trade debtors 6,520 2,329
VAT 4,547 792
Other taxes and social security 602 -
11,669 3,121
7. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 333 275
Bank loans and overdrafts (24,000 ) 2,567
Net wages 6,600 -
Accruals and deferred income 290,699 27,213
Directors' loan accounts 38,547 33,235
312,179 63,290
8. Share Capital
2024 2023
£ £
Page 3