Paramount Scaffolding Limited

Paramount Scaffolding Limited

PARAMOUNT SCAFFOLDING LIMITED - Company Information

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1 April 2022 false No description of principal activity Taxfiler 2023.10.1 07186406business:PrivateLimitedCompanyLtd2022-04-012023-03-31 071864062022-03-31 071864062022-04-012023-03-31 07186406business:AuditExemptWithAccountantsReport2022-04-012023-03-31 07186406business:FilletedAccounts2022-04-012023-03-31 071864062023-03-31 07186406business:Director12022-04-012023-03-31 07186406business:RegisteredOffice2022-04-012023-03-31 071864062022-03-31 07186406core:WithinOneYear2023-03-31 07186406core:WithinOneYear2022-03-31 07186406core:AfterOneYear2023-03-31 07186406core:AfterOneYear2022-03-31 07186406core:ShareCapitalcore:PreviouslyStatedAmount2023-03-31 07186406core:ShareCapitalcore:PreviouslyStatedAmount2022-03-31 07186406core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2023-03-31 07186406core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2022-03-31 07186406core:PreviouslyStatedAmount2023-03-31 07186406core:PreviouslyStatedAmount2022-03-31 07186406business:SmallEntities2022-04-012023-03-31 07186406countries:EnglandWales2022-04-012023-03-31 07186406core:FurnitureFittings2022-04-012023-03-31 07186406core:ComputerEquipment2022-04-012023-03-31 07186406core:FurnitureFittings2022-03-31 07186406core:ComputerEquipment2022-03-31 07186406core:FurnitureFittings2023-03-31 07186406core:ComputerEquipment2023-03-31 071864062021-04-012022-03-31 iso4217:GBP xbrli:pure
Company Registration No. 07186406 (England and Wales)
Paramount Scaffolding Limited Unaudited accounts for the year ended 31 March 2023
Paramount Scaffolding Limited Unaudited accounts Contents
Page
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Paramount Scaffolding Limited Company Information for the year ended 31 March 2023
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
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Paramount Scaffolding Limited Statement of financial position as at 31 March 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
4
535,114 
488,321 
Current assets
Debtors
5
244,804 
63,281 
Cash at bank and in hand
235,056 
298,821 
479,860 
362,102 
Creditors: amounts falling due within one year
6
(168,272)
(208,208)
Net current assets
311,588 
153,894 
Total assets less current liabilities
846,702 
642,215 
Creditors: amounts falling due after more than one year
7
(169,925)
(22,135)
Net assets
676,777 
620,080 
Capital and reserves
Called up share capital
102 
102 
Profit and loss account
676,675 
619,978 
Shareholders' funds
676,777 
620,080 
For the year ending 31 March 2023 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 22 November 2023 and were signed on its behalf by
LUKE JESSUP Director Company Registration No. 07186406
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Paramount Scaffolding Limited Notes to the Accounts for the year ended 31 March 2023
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 2022
1,011,458 
6,418 
1,017,876 
Additions
180,572 
- 
180,572 
At 31 March 2023
1,192,030 
6,418 
1,198,448 
Depreciation
At 1 April 2022
526,303 
3,252 
529,555 
Charge for the year
133,145 
634 
133,779 
At 31 March 2023
659,448 
3,886 
663,334 
Net book value
At 31 March 2023
532,582 
2,532 
535,114 
At 31 March 2022
485,155 
3,166 
488,321 
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Paramount Scaffolding Limited Notes to the Accounts for the year ended 31 March 2023
5
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
VAT
32,425 
17,988 
Trade debtors
193,379 
45,293 
Other debtors
19,000 
- 
244,804 
63,281 
6
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
Obligations under finance leases and hire purchase contracts
- 
8,149 
Trade creditors
48,955 
23,606 
Taxes and social security
78,883 
74,567 
Other creditors
697 
3,440 
Loans from directors
39,736 
44,184 
Accruals
1 
34,012 
Deferred income
- 
20,250 
168,272 
208,208 
7
Creditors: amounts falling due after more than one year
2023 
2022 
£ 
£ 
Bank loans
169,925 
- 
Obligations under finance leases and hire purchase contracts
- 
22,135 
169,925 
22,135 
8
Average number of employees
During the year the average number of employees was 5 (2022: 5).
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