Parabox Ltd - Accounts to registrar (filleted) - small 22.3

REGISTERED NUMBER: 09064032 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31ST MARCH 2022

FOR

PARABOX LTD

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTOR:

Mr T E Cleavin

REGISTERED OFFICE:

Mercury House

19-21 Chapel Street

Marlow

Buckinghamshire

SL7 3HN

REGISTERED NUMBER:

09064032 (England and Wales)

ACCOUNTANTS:

Richardson Jones

Chartered Accountants

Mercury House

19-21 Chapel Street

Marlow

Buckinghamshire

SL7 3HN

FIXED ASSETS

Tangible assets

4

1,935

1,121

CURRENT ASSETS

Debtors

5

2,788

12,500

Cash at bank

48,918

10,832

51,706

23,332

CREDITORS

Amounts falling due within one year

6

12,770

6,900

NET CURRENT ASSETS

38,936

16,432

TOTAL ASSETS LESS CURRENT LIABILITIES

40,871

17,553

CREDITORS

Amounts falling due after more than one year

7

11,157

14,000

NET ASSETS

29,714

3,553

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

8

29,614

3,453

SHAREHOLDERS' FUNDS

29,714

3,553

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st March 2022.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st March 2022 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 14th December 2022 and were signed by:

Mr T E Cleavin - Director

1.	STATUTORY INFORMATION

Parabox Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Computer equipment

-

33% on cost

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2021 - 1 ) .

4.	TANGIBLE FIXED ASSETS

Computer

equipment

£

COST

At 1st April 2021

4,208

Additions

1,647

At 31st March 2022

5,855

DEPRECIATION

At 1st April 2021

3,087

Charge for year

833

At 31st March 2022

3,920

NET BOOK VALUE

At 31st March 2022

1,935

At 31st March 2021

1,121

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.22

31.3.21

£

£

Tax

367

-

Social security and other tax

2,421

-

Accrued income

-

12,500

2,788

12,500

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.22

31.3.21

£

£

Bank loans and overdrafts

3,255

2,800

Tax

5,830

449

Directors' current accounts

3,110

3,110

Accrued expenses

575

541

12,770

6,900

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.3.22

31.3.21

£

£

Bank loans - 1-2 years

11,157

14,000

8.

RESERVES

Retained

earnings

£

At 1st April 2021

3,453

Profit for the year

26,161

At 31st March 2022

29,614

9.	ULTIMATE CONTROLLING PARTY

The controlling party is Mr T E Cleavin.