Company Registration No. 13671358 (England and Wales)
Paracosmic Worlds Limited
Unaudited accounts
for the year ended 30 September 2025
Paracosmic Worlds Limited
Statement of financial position
as at 30 September 2025
Tangible assets
2,516
4,097
Cash at bank and in hand
385
5,394
Creditors: amounts falling due within one year
(18,825)
(4,931)
Net current (liabilities)/assets
(17,785)
4,092
Total assets less current liabilities
(15,269)
8,189
Provisions for liabilities
Net (liabilities)/assets
(16,963)
7,411
Called up share capital
120
120
Profit and loss account
(17,083)
7,291
Shareholders' funds
(16,963)
7,411
For the year ending 30 September 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 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 27 May 2026 and were signed on its behalf by
Emma Woodroffe
Director
Company Registration No. 13671358
Paracosmic Worlds Limited
Notes to the Accounts
for the year ended 30 September 2025
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.
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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
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.
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 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.
Paracosmic Worlds Limited
Notes to the Accounts
for the year ended 30 September 2025
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
At 30 September 2025
4,883
At 30 September 2025
2,367
At 30 September 2025
2,516
At 30 September 2024
4,097
Amounts falling due within one year
Accrued income and prepayments
655
629
6
Creditors: amounts falling due within one year
2025
2024
Taxes and social security
(2,278)
3,557
Loans from directors
19,946
282
Paracosmic Worlds Limited
Notes to the Accounts
for the year ended 30 September 2025
7
Deferred taxation
2025
2024
Accelerated capital allowances
(73)
778
Tax losses carried forward
1,767
-
Provision at start of year
778
-
Charged to the profit and loss account
916
778
Provision at end of year
1,694
778
Allotted, called up and fully paid:
120 Ordinary shares of £1 each
120
120
9
Operating lease commitments
2025
2024
At 30 September 2025 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
5,826
Brought
Forward
Advance/
credit
Repaid
Carried
Forward
Emma-Jane Roberts
2,854
-
-
2,854
11
Average number of employees
During the year the average number of employees was 1 (2024: 1).