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Company Registration No. 13671358 (England and Wales)
Paracosmic Worlds Limited Unaudited accounts for the year ended 30 September 2024
Paracosmic Worlds Limited Statement of financial position as at 30 September 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
4,097 
332 
Current assets
Debtors
3,629 
223 
Cash at bank and in hand
5,394 
2,314 
9,023 
2,537 
Creditors: amounts falling due within one year
(4,931)
(2,727)
Net current assets/(liabilities)
4,092 
(190)
Total assets less current liabilities
8,189 
142 
Provisions for liabilities
Deferred tax
(778)
- 
Net assets
7,411 
142 
Capital and reserves
Called up share capital
120 
120 
Profit and loss account
7,291 
22 
Shareholders' funds
7,411 
142 
For the year ending 30 September 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 director acknowledges her 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 and authorised for issue on 9 June 2025 and were signed on its behalf by
Emma Woodroffe Director Company Registration No. 13671358
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Paracosmic Worlds Limited Notes to the Accounts for the year ended 30 September 2024
1
Statutory information
Paracosmic Worlds Limited is a private company, limited by shares, registered in England and Wales, registration number 13671358. The registered office is 28 HIGH STREET, BIDFORD-ON-AVON, ALCESTER, B50 4AA, ENGLAND.
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.
Pension costs
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Computer equipment
3 years
Deferred taxation
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.
- 3 -
Paracosmic Worlds Limited Notes to the Accounts for the year ended 30 September 2024
Leased assets
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against profit on a straight line basis over the lease term. Assets held under finance leases and hire purchase contracts are capitalised and depreciated over their useful lives. The corresponding lease or hire purchase obligation is treated in the balance sheet as a liability. The interest element of rental obligations is charged to the profit and loss account over the period of the lease at a constant proportion of the outstanding balance of capital repayments.
4
Tangible fixed assets
Computer equipment 
£ 
Cost or valuation
At cost 
At 1 October 2023
569 
Additions
4,314 
At 30 September 2024
4,883 
Depreciation
At 1 October 2023
237 
Charge for the year
549 
At 30 September 2024
786 
Net book value
At 30 September 2024
4,097 
At 30 September 2023
332 
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Trade debtors
3,000 
- 
Accrued income and prepayments
629 
223 
3,629 
223 
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Trade creditors
41 
(35)
Taxes and social security
3,557 
4,150 
Other creditors
61 
601 
Loans from directors
282 
(2,854)
Accruals
990 
865 
4,931 
2,727 
7
Share capital
2024 
2023 
£ 
£ 
Allotted, called up and fully paid:
120 Ordinary shares of £1 each
120 
120 
- 4 -
Paracosmic Worlds Limited Notes to the Accounts for the year ended 30 September 2024
8
Operating lease commitments
2024 
2023 
£ 
£ 
At 30 September 2024 the company had the following future minimum lease payments under non-cancellable operating leases for each of the following periods:
Not later than one year
5,826 
- 
9
Loans to directors
Brought Forward 
Advance/ credit 
Repaid 
Carried Forward 
£ 
£ 
£ 
£ 
Emma Woodroffe
Emma-Jane Roberts
2,854 
- 
- 
2,854 
2,854 
- 
- 
2,854 
10
Average number of employees
During the year the average number of employees was 1 (2023: 1).
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