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

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

PARAMOUNT INTERIORS ( SOUTH EAST) LTD - Company Information

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REGISTERED NUMBER: 08389334 (England and Wales)












Unaudited Financial Statements

for the Year Ended 31 August 2019

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 2019




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 2019







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
Page 1
Paramount Interiors ( South East) Ltd (Registered number: 08389334)

Balance Sheet
31 August 2019

2019 2018
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 1,018 -

CURRENT ASSETS
Stocks 5 - 11,920
Debtors 6 53,100 1,900
Cash at bank and in hand 75,378 91,676
128,478 105,496
CREDITORS
Amounts falling due within one year 7 111,400 95,733
NET CURRENT ASSETS 17,078 9,763
TOTAL ASSETS LESS CURRENT
LIABILITIES
18,096
9,763

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings 18,094 9,761
SHAREHOLDERS' FUNDS 18,096 9,763

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 August 2019.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 2019 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.

The notes form part of these financial statements

Page 2 continued...
Paramount Interiors ( South East) Ltd (Registered number: 08389334)

Balance Sheet - continued
31 August 2019


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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors on 3 March 2020 and were signed on its
behalf by:





Mr J Layzell - Director


The notes form part of these financial statements

Page 3
Paramount Interiors ( South East) Ltd (Registered number: 08389334)

Notes to the Financial Statements
for the year ended 31 August 2019

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.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of
Income and Retained Earnings, except to the extent that it relates to items recognised in other
comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been
enacted or substantively enacted by the balance sheet date.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2018 - 2 ) .

Page 4 continued...
Paramount Interiors ( South East) Ltd (Registered number: 08389334)

Notes to the Financial Statements - continued
for the year ended 31 August 2019

4. TANGIBLE FIXED ASSETS
Plant and Computer
machinery equipment Totals
£    £    £   
COST
At 1 September 2018 29,450 782 30,232
Additions 1,163 - 1,163
At 31 August 2019 30,613 782 31,395
DEPRECIATION
At 1 September 2018 29,450 782 30,232
Charge for year 145 - 145
At 31 August 2019 29,595 782 30,377
NET BOOK VALUE
At 31 August 2019 1,018 - 1,018
At 31 August 2018 - - -

5. STOCKS
2019 2018
£    £   
Work-in-progress - 11,920

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2019 2018
£    £   
Trade debtors 52,800 800
Other debtors 300 1,100
53,100 1,900

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2019 2018
£    £   
Trade creditors 47,173 29,483
Taxation and social security 33,340 24,206
Other creditors 30,887 42,044
111,400 95,733

Page 5