Paramount Trades & Labour Ltd - Limited company - abbreviated - 11.0.0

REGISTERED NUMBER: 07485471 (England and Wales)

Abbreviated Unaudited Accounts

for the Period 1 February 2014 to 31 July 2014

for

Paramount Trades & Labour Ltd

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

Chartered Certified Accountants' Report

5

DIRECTOR:

D P Sullivan

REGISTERED OFFICE:

Unit 4.2 B

The Old Fire Station

140 Tabernacle Street

London

EC2A 4SD

REGISTERED NUMBER:

07485471 (England and Wales)

ACCOUNTANTS:

Granite Morgan Smith Limited

122 Feering Hill

Feering

Colchester

Essex

CO5 9PY

FIXED ASSETS

9,556

Tangible assets

2

12,580

CURRENT ASSETS

60,262

Debtors

643,205

6,960

Cash at bank and in hand

38,773

67,222

681,978

CREDITORS

76,172

Amounts falling due within one year

650,587

(8,950

)

NET CURRENT ASSETS/(LIABILITIES)

31,391

606

TOTAL ASSETS LESS CURRENT LIABILITIES

43,971

263

PROVISIONS FOR LIABILITIES

2,516

343

NET ASSETS

41,455

CAPITAL AND RESERVES

1

Called up share capital

3

180

342

Profit and loss account

41,275

343

SHAREHOLDERS' FUNDS

41,455

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 31 July 2014.

The members have not required the company to obtain an audit of its financial statements for the period ended 31 July 2014 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 abbreviated accounts have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.

The financial statements were approved by the director on 17 September 2014 and were signed by:

D P Sullivan - Director

1.	ACCOUNTING POLICIES

Accounting convention

The financial statements have been prepared under the historical cost convention and in accordance with the

Financial Reporting Standard for Smaller Entities (effective April 2008).

Turnover

Turnover represents net invoiced sales of goods, excluding value added tax.

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 etc

-

33% on cost, 25% on cost and 20% on cost

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance

sheet date.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 February 2014

9,744

Additions

4,450

At 31 July 2014

14,194

DEPRECIATION

At 1 February 2014

188

Charge for period

1,426

At 31 July 2014

1,614

NET BOOK VALUE

At 31 July 2014

12,580

At 31 January 2014

9,556

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.7.14

31.1.14

value:

£

£

90

Ordinary Share

1

90

1

90

Ordinary A to F

£1

90

-

180

1

The following shares were allotted and fully paid for cash at par during the period:

89 Ordinary Share shares of 1 each

90 Ordinary A to F shares of £1 each

The ordinary A, B, C, D, E and F shares have no voting rights and are not entitled to participate in the assets on a

winding up.

4.	DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the period ended 31 July 2014 and the year

ended 31 January 2014:

31.7.14

31.1.14

£

£

D P Sullivan

Balance outstanding at start of period

-

-

Amounts advanced

535

-

Amounts repaid

-

-

Balance outstanding at end of period

535

-

The following reproduces the text of the report prepared for the director in respect of the company's annual

unaudited financial statements, from which the unaudited abbreviated accounts (set out on pages two to four)

have been prepared.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the

financial statements of Paramount Trades & Labour Ltd for the period ended 31 July 2014 which comprise the Profit

and Loss Account, the Balance Sheet, and the related notes from the company's accounting records and from

information and explanations you have given us.

As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and

other professional requirements which are detailed at http://rulebook.accaglobal.com.

This report is made solely to the director of Paramount Trades & Labour Ltd in accordance with our terms of

engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Paramount

Trades & Labour Ltd and state those matters that we have agreed to state to the director of Paramount Trades & Labour

Ltd in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed

at http://www.accaglobal.com/factsheet163. To the fullest extent permitted by law, we do not accept or assume

responsibility to anyone other than the company and its director for our work or for this report.

It is your duty to ensure that Paramount Trades & Labour Ltd has kept adequate accounting records and to prepare

statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of

Paramount Trades & Labour Ltd. You consider that Paramount Trades & Labour Ltd is exempt from the statutory audit

requirement for the period.

We have not been instructed to carry out an audit or a review of the financial statements of Paramount Trades & Labour

Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and

explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

Granite Morgan Smith Limited

122 Feering Hill

Feering

Colchester

Essex

CO5 9PY

17 September 2014