Paramount Interiors ( South East) Ltd - Accounts to registrar (filleted) - small 18.2

Paramount Interiors ( South East) Ltd - Accounts to registrar (filleted) - small 18.2


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REGISTERED NUMBER: 08389334 (England and Wales)












Unaudited Financial Statements

for the Year Ended 31 August 2018

for

Paramount Interiors ( South East) Ltd

Paramount Interiors ( South East) Ltd (Registered number: 08389334)






Contents of the Financial Statements
for the year ended 31 August 2018




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Paramount Interiors ( South East) Ltd

Company Information
for the year ended 31 August 2018







DIRECTORS: Mr J Layzell
Miss B M Norman





REGISTERED OFFICE: Top Floor
Claridon House
London Road
Stanford Le Hope
Essex
SS17 0JU





REGISTERED NUMBER: 08389334 (England and Wales)





ACCOUNTANTS: Vortex Accountants Limited
Top Floor
Claridon House
London Road
Stanford Le Hope
Essex
SS17 0JU

Paramount Interiors ( South East) Ltd (Registered number: 08389334)

Balance Sheet
31 August 2018

2018 2017
Notes £    £   
CURRENT ASSETS
Stocks 5 11,920 -
Debtors 6 1,900 115,224
Cash at bank and in hand 91,676 87,093
105,496 202,317
CREDITORS
Amounts falling due within one year 7 95,733 197,989
NET CURRENT ASSETS 9,763 4,328
TOTAL ASSETS LESS CURRENT
LIABILITIES

9,763

4,328

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings 9,761 4,326
SHAREHOLDERS' FUNDS 9,763 4,328

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 August 2018.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 2018 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

Paramount Interiors ( South East) Ltd (Registered number: 08389334)

Balance Sheet - continued
31 August 2018


The financial statements have been prepared and delivered in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

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

The financial statements were approved by the Board of Directors on 7 May 2019 and were signed on its
behalf by:





Mr J Layzell - Director


Paramount Interiors ( South East) Ltd (Registered number: 08389334)

Notes to the Financial Statements
for the year ended 31 August 2018

1. STATUTORY INFORMATION

Paramount Interiors ( South East) 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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.
Plant and machinery - 25% on cost
Computer equipment - 25% on cost

Stocks
Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling
costs in bringing stocks to their present location and condition.

Going concern
The director considers that, notwithstanding the company's negative net assets position, it is
appropriate to prepare the accounts on a going concern basis as the company will, due to the
continuing support of the director, be able to continue to meet its liabilities as they fall due.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2017 - 2 ) .

Paramount Interiors ( South East) Ltd (Registered number: 08389334)

Notes to the Financial Statements - continued
for the year ended 31 August 2018

4. TANGIBLE FIXED ASSETS
Plant and Computer
machinery equipment Totals
£    £    £   
COST
At 1 September 2017
and 31 August 2018 29,450 782 30,232
DEPRECIATION
At 1 September 2017
and 31 August 2018 29,450 782 30,232
NET BOOK VALUE
At 31 August 2018 - - -
At 31 August 2017 - - -

5. STOCKS
2018 2017
£    £   
Work-in-progress 11,920 -

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2018 2017
£    £   
Trade debtors 800 115,224
Other debtors 1,100 -
1,900 115,224

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2018 2017
£    £   
Trade creditors 29,483 84,419
Tax 822 4,388
Social security and other taxes 3,022 6,556
VAT 20,362 47,575
Other creditors 731 -
Wages control - 5,656
Directors' current accounts 41,313 49,395
95,733 197,989