Paramount Fire Limited - Accounts to registrar (filleted) - small 23.1.2

Paramount Fire Limited - Accounts to registrar (filleted) - small 23.1.2

PARAMOUNT FIRE LIMITED - Company Information

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REGISTERED NUMBER: 07390840 (England and Wales)














Financial Statements for the Year Ended 30 September 2022

for

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






Contents of the Financial Statements
for the Year Ended 30 September 2022




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Paramount Fire Limited

Company Information
for the Year Ended 30 September 2022







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 2022

30.9.22 30.9.21
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 21,170 489

CURRENT ASSETS
Debtors 5 - 5,237
Cash at bank 23,576 10,135
23,576 15,372
CREDITORS
Amounts falling due within one year 6 16,408 15,711
NET CURRENT ASSETS/(LIABILITIES) 7,168 (339 )
TOTAL ASSETS LESS CURRENT
LIABILITIES
28,338
150

CREDITORS
Amounts falling due after more than one
year
7
(17,194
)
-

PROVISIONS FOR LIABILITIES (156 ) -
NET ASSETS 10,988 150

CAPITAL AND RESERVES
Called up share capital 8 100 100
Retained earnings 9 10,888 50
SHAREHOLDERS' FUNDS 10,988 150

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2022.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 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 notes form part of these financial statements

Page 2 continued...
Paramount Fire Limited (Registered number: 07390840)

Balance Sheet - continued
30 September 2022


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 19 June 2023 and were signed by:





J T Mason - Director


The notes form part of these financial statements

Page 3
Paramount Fire Limited (Registered number: 07390840)

Notes to the Financial Statements
for the Year Ended 30 September 2022

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
Computer equipment - 25% on reducing balance

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.

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 2 (2021 - 2 ) .

4. TANGIBLE FIXED ASSETS
Plant and Computer
machinery equipment Totals
£    £    £   
COST
At 1 October 2021 440 1,381 1,821
Additions 30,770 607 31,377
Disposals (3,639 ) - (3,639 )
At 30 September 2022 27,571 1,988 29,559
DEPRECIATION
At 1 October 2021 197 1,135 1,332
Charge for year 6,843 214 7,057
At 30 September 2022 7,040 1,349 8,389
NET BOOK VALUE
At 30 September 2022 20,531 639 21,170
At 30 September 2021 243 246 489

Page 4 continued...
Paramount Fire Limited (Registered number: 07390840)

Notes to the Financial Statements - continued
for the Year Ended 30 September 2022

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.9.22 30.9.21
£    £   
Other debtors - 5,237

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.9.22 30.9.21
£    £   
Finance leases 3,327 -
Trade creditors - 2
Taxation and social security 8,142 13,968
Other creditors 4,939 1,741
16,408 15,711

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
30.9.22 30.9.21
£    £   
Finance leases 17,194 -

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 30.9.22 30.9.21
value: £    £   
100 Ordinary 1 100 100

9. RESERVES
Retained
earnings
£   

At 1 October 2021 50
Profit for the year 30,838
Dividends (20,000 )
At 30 September 2022 10,888

Page 5