Paramount Scaffolding Limited

Paramount Scaffolding Limited

PARAMOUNT SCAFFOLDING LIMITED - Company Information

Print Friendly Version

1 April 2019 false No description of principal activity Taxfiler 2020.14.4 07186406business:PrivateLimitedCompanyLtd2019-04-012020-03-31 071864062019-03-31 071864062019-04-012020-03-31 07186406business:AuditExemptWithAccountantsReport2019-04-012020-03-31 07186406business:FullAccounts2019-04-012020-03-31 071864062020-03-31 07186406business:Director12019-04-012020-03-31 07186406business:RegisteredOffice2019-04-012020-03-31 071864062019-03-31 07186406core:WithinOneYear2020-03-31 07186406core:WithinOneYear2019-03-31 07186406core:AfterOneYear2020-03-31 07186406core:AfterOneYear2019-03-31 07186406core:ShareCapital2020-03-31 07186406core:ShareCapital2019-03-31 07186406core:RetainedEarningsAccumulatedLosses2020-03-31 07186406core:RetainedEarningsAccumulatedLosses2019-03-31 07186406business:SmallEntities2019-04-012020-03-31 07186406countries:EnglandWales2019-04-012020-03-31 07186406core:FurnitureFittings2019-04-012020-03-31 07186406core:ComputerEquipment2019-04-012020-03-31 07186406core:FurnitureFittings2019-03-31 07186406core:ComputerEquipment2019-03-31 07186406core:FurnitureFittings2020-03-31 07186406core:ComputerEquipment2020-03-31 071864062018-04-012019-03-31 iso4217:GBP xbrli:pure
Company Registration No. 07186406 (England and Wales)
Paramount Scaffolding Limited Unaudited accounts for the year ended 31 March 2020
Paramount Scaffolding Limited Unaudited accounts Contents
Page
- 2 -
Paramount Scaffolding Limited Company Information for the year ended 31 March 2020
Director
LUKE JESSUP
Company Number
07186406 (England and Wales)
Registered Office
FOXLEIGH SPEKES ROAD HEMPSTEAD GILLINGHAM KENT ME7 3RT UNITED KINGDOM
Accountants
AXIS CLOUD ACCOUNTING LIMITED MARLOWE INNOVATION CENTRE MARLOWE WAY RAMSGATE KENT CT12 6FA
- 3 -
Paramount Scaffolding Limited Statement of financial position as at 31 March 2020
2020 
2019 
Notes
£ 
£ 
Fixed assets
Tangible assets
4
408,235 
206,159 
Current assets
Debtors
5
122,189 
100,698 
Cash at bank and in hand
79,827 
8,496 
202,016 
109,194 
Creditors: amounts falling due within one year
6
(66,155)
(21,667)
Net current assets
135,861 
87,527 
Total assets less current liabilities
544,096 
293,686 
Creditors: amounts falling due after more than one year
7
(38,432)
(12,931)
Provisions for liabilities
Deferred tax
- 
(9,708)
Net assets
505,664 
271,047 
Capital and reserves
Called up share capital
102 
102 
Profit and loss account
505,562 
270,945 
Shareholders' funds
505,664 
271,047 
For the year ending 31 March 2020 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 his 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 12 December 2020 and were signed on its behalf by
LUKE JESSUP Director Company Registration No. 07186406
- 4 -
Paramount Scaffolding Limited Notes to the Accounts for the year ended 31 March 2020
1
Statutory information
Paramount Scaffolding Limited is a private company, limited by shares, registered in England and Wales, registration number 07186406. The registered office is FOXLEIGH SPEKES ROAD, HEMPSTEAD, GILLINGHAM, KENT, ME7 3RT, UNITED KINGDOM.
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.
3
Accounting policies
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.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
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:
Fixtures & fittings
20% - 25% Reducing balance
Computer equipment
20% - 25% Reducing balance
4
Tangible fixed assets
Fixtures & fittings 
Computer equipment 
Total 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At 1 April 2019
359,169 
2,417 
361,586 
Additions
324,877 
834 
325,711 
At 31 March 2020
684,046 
3,251 
687,297 
Depreciation
At 1 April 2019
154,652 
775 
155,427 
Charge for the year
123,016 
619 
123,635 
At 31 March 2020
277,668 
1,394 
279,062 
Net book value
At 31 March 2020
406,378 
1,857 
408,235 
At 31 March 2019
204,517 
1,642 
206,159 
- 5 -
Paramount Scaffolding Limited Notes to the Accounts for the year ended 31 March 2020
5
Debtors
2020 
2019 
£ 
£ 
Trade debtors
122,189 
100,068 
Other debtors
- 
630 
122,189 
100,698 
6
Creditors: amounts falling due within one year
2020 
2019 
£ 
£ 
Obligations under finance leases and hire purchase contracts
20,656 
5,107 
Trade creditors
19,334 
- 
Taxes and social security
25,664 
16,559 
Other creditors
500 
- 
Accruals
1 
1 
66,155 
21,667 
7
Creditors: amounts falling due after more than one year
2020 
2019 
£ 
£ 
Obligations under finance leases and hire purchase contracts
38,432 
12,931 
8
Average number of employees
During the year the average number of employees was 0 (2019: 3).
- 6 -