Paramount Fire Limited - Accounts to registrar (filleted) - small 18.2

Paramount Fire Limited - Accounts to registrar (filleted) - small 18.2

PARAMOUNT FIRE LIMITED - Company Information

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REGISTERED NUMBER: 07390840 (England and Wales)














Financial Statements for the Year Ended 30 September 2019

for

Paramount Fire Limited
Paramount Fire Limited (Registered number: 07390840)






Contents of the Financial Statements
for the Year Ended 30 September 2019




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Paramount Fire Limited

Company Information
for the Year Ended 30 September 2019







DIRECTOR: J T Mason





REGISTERED OFFICE: 1C Amberside
Wood Lane
Hemel Hempstead
Hertfordshire
HP2 4TP





REGISTERED NUMBER: 07390840 (England and Wales)





ACCOUNTANTS: Farrell & Co
1C Amberside
Wood Lane
Hemel Hempstead
Hertfordshire
HP2 4TP
Page 1
Paramount Fire Limited (Registered number: 07390840)

Balance Sheet
30 September 2019

30.9.19 30.9.18
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 1,237 1,234

CURRENT ASSETS
Debtors 5 114 360
Cash at bank 23,955 13,942
24,069 14,302
CREDITORS
Amounts falling due within one year 6 18,941 15,036
NET CURRENT ASSETS/(LIABILITIES) 5,128 (734 )
TOTAL ASSETS LESS CURRENT
LIABILITIES
6,365
500

CAPITAL AND RESERVES
Called up share capital 7 100 100
Retained earnings 8 6,265 400
SHAREHOLDERS' FUNDS 6,365 500

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2019.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 2019 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 30 June 2020 and were signed by:





J T Mason - Director


The notes form part of these financial statements

Page 2
Paramount Fire Limited (Registered number: 07390840)

Notes to the Financial Statements
for the Year Ended 30 September 2019

1. STATUTORY INFORMATION

Paramount Fire Limited 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.
Plant and machinery - 25% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 25% on reducing balance

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension
scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2018 - 1 ) .

4. TANGIBLE FIXED ASSETS
Plant and Motor Computer
machinery vehicles equipment Totals
£    £    £    £   
COST
At 1 October 2018 125 10,500 966 11,591
Additions - - 415 415
At 30 September 2019 125 10,500 1,381 12,006
DEPRECIATION
At 1 October 2018 108 9,449 800 10,357
Charge for year 4 263 145 412
At 30 September 2019 112 9,712 945 10,769
NET BOOK VALUE
At 30 September 2019 13 788 436 1,237
At 30 September 2018 17 1,051 166 1,234

Page 3 continued...
Paramount Fire Limited (Registered number: 07390840)

Notes to the Financial Statements - continued
for the Year Ended 30 September 2019

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.9.19 30.9.18
£    £   
Other debtors 114 360

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.9.19 30.9.18
£    £   
Trade creditors - (1 )
Taxation and social security 13,212 13,918
Other creditors 5,729 1,119
18,941 15,036

7. CALLED UP SHARE CAPITAL


Allotted, issued and fully paid:
Number: Class: Nominal 30.9.19 30.9.18
value: £    £   
100 Ordinary 1 100 100

8. RESERVES
Retained
earnings
£   

At 1 October 2018 400
Profit for the year 35,865
Dividends (30,000 )
At 30 September 2019 6,265

Page 4