Acorah Software Products - Accounts Production 16.4.675 false true true 31 March 2024 1 April 2023 false 1 April 2024 31 March 2025 31 March 2025 03990848 C Owen S Owen S Owen iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 03990848 2024-03-31 03990848 2025-03-31 03990848 2024-04-01 2025-03-31 03990848 frs-core:CurrentFinancialInstruments 2025-03-31 03990848 frs-core:ComputerEquipment 2025-03-31 03990848 frs-core:ComputerEquipment 2024-04-01 2025-03-31 03990848 frs-core:ComputerEquipment 2024-03-31 03990848 frs-core:FurnitureFittings 2025-03-31 03990848 frs-core:FurnitureFittings 2024-04-01 2025-03-31 03990848 frs-core:FurnitureFittings 2024-03-31 03990848 frs-core:MotorVehicles 2025-03-31 03990848 frs-core:MotorVehicles 2024-04-01 2025-03-31 03990848 frs-core:MotorVehicles 2024-03-31 03990848 frs-core:ShareCapital 2025-03-31 03990848 frs-core:RetainedEarningsAccumulatedLosses 2025-03-31 03990848 frs-bus:PrivateLimitedCompanyLtd 2024-04-01 2025-03-31 03990848 frs-bus:FilletedAccounts 2024-04-01 2025-03-31 03990848 frs-bus:SmallEntities 2024-04-01 2025-03-31 03990848 frs-bus:AuditExempt-NoAccountantsReport 2024-04-01 2025-03-31 03990848 frs-bus:SmallCompaniesRegimeForAccounts 2024-04-01 2025-03-31 03990848 frs-bus:Director1 2024-04-01 2025-03-31 03990848 frs-bus:Director2 2024-04-01 2025-03-31 03990848 frs-bus:CompanySecretary1 2024-04-01 2025-03-31 03990848 frs-countries:EnglandWales 2024-04-01 2025-03-31 03990848 2023-03-31 03990848 2024-03-31 03990848 2023-04-01 2024-03-31 03990848 frs-core:CurrentFinancialInstruments 2024-03-31 03990848 frs-core:ShareCapital 2024-03-31 03990848 frs-core:RetainedEarningsAccumulatedLosses 2024-03-31
Registered number: 03990848
Parallel Worlds (Books) Limited
Unaudited Financial Statements
For The Year Ended 31 March 2025
Hancock & Hastings Limited
Contents
Page
Balance Sheet 1
Notes to the Financial Statements 2—3
Page 1
Balance Sheet
Registered number: 03990848
2025 2024
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 1,387 -
1,387 -
CURRENT ASSETS
Stocks 5 22,500 23,500
Debtors 6 804 3,294
23,304 26,794
Creditors: Amounts Falling Due Within One Year 7 (159,445 ) (163,330 )
NET CURRENT ASSETS (LIABILITIES) (136,141 ) (136,536 )
TOTAL ASSETS LESS CURRENT LIABILITIES (134,754 ) (136,536 )
NET LIABILITIES (134,754 ) (136,536 )
CAPITAL AND RESERVES
Called up share capital 8 100 100
Profit and Loss Account (134,854 ) (136,636 )
SHAREHOLDERS' FUNDS (134,754) (136,536)
For the year ending 31 March 2025 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
S Owen
Director
08/08/2025
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
Parallel Worlds (Books) Limited is a private company, limited by shares, incorporated in England & Wales, registered number 03990848 . The registered office is 18 Wimple Road, Luton, Bedfordshire, LU4 0NP.
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. Going Concern Disclosure
The directors have not identified any material uncertainties related to events or conditions that may cast significant doubt about the company's ability to continue as a going concern.
2.3. 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. 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.
2.4. 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:
Motor Vehicles 25% RB
Fixtures & Fittings 25% RB
Computer Equipment 25% RB
2.5. 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.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 2 (2024: 2)
2 2
4. Tangible Assets
Motor Vehicles Fixtures & Fittings Computer Equipment Total
£ £ £ £
Cost
As at 1 April 2024 4,999 22,746 - 27,745
Additions - - 1,607 1,607
As at 31 March 2025 4,999 22,746 1,607 29,352
Depreciation
As at 1 April 2024 4,999 22,746 - 27,745
Provided during the period - - 220 220
As at 31 March 2025 4,999 22,746 220 27,965
Net Book Value
As at 31 March 2025 - - 1,387 1,387
As at 1 April 2024 - - - -
Page 2
Page 3
5. Stocks
2025 2024
£ £
Stock 22,500 23,500
6. Debtors
2025 2024
£ £
Due within one year
Other debtors 804 3,294
7. Creditors: Amounts Falling Due Within One Year
2025 2024
£ £
Trade creditors 3,743 5,897
Bank loans and overdrafts 31,336 35,763
Other loans 5,000 5,000
Other creditors 119,366 116,670
159,445 163,330
8. Share Capital
2025 2024
£ £
Allotted, Called up and fully paid 100 100
Page 3