Paramount Radio Communications Limited - Limited company - abbreviated

REGISTERED NUMBER: 07459082 (England and Wales)

Abbreviated Unaudited Accounts for the Year Ended 31 December 2013

for

Paramount Radio Communications Limited

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTORS:

M R Rawlings

P A Rawlings

REGISTERED OFFICE:

Unit 111

Business Design Centre

52 Upper Street,Islington

London

N1 0QH

REGISTERED NUMBER:

07459082 (England and Wales)

ACCOUNTANTS:

J C Associates

Chartered Certified Accountants

27 Dawpool Road

London

NW2 7LD

FIXED ASSETS

Tangible assets

2

1,275

1,225

CURRENT ASSETS

Stocks

40,609

27,868

Debtors

41,756

41,205

Cash at bank and in hand

7,332

40,066

89,697

109,139

CREDITORS

Amounts falling due within one year

64,010

80,505

NET CURRENT ASSETS

25,687

28,634

TOTAL ASSETS LESS CURRENT
LIABILITIES

26,962

29,859

CREDITORS

Amounts falling due after more than one
year

25,500

29,500

NET ASSETS

1,462

359

CAPITAL AND RESERVES

Called up share capital

3

100

Profit and loss account

1,362

259

SHAREHOLDERS' FUNDS

1,462

359

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2013.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2013 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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 Board of Directors on 24 September 2014 and were signed on its behalf
by:

M R Rawlings - Director

P A Rawlings - 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.

Fixtures and fittings

-

25% on reducing balance

Computer equipment

-

25% on reducing balance

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow

moving items.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 January 2013

2,178

Additions

476

At 31 December 2013

2,654

DEPRECIATION

At 1 January 2013

953

Charge for year

426

At 31 December 2013

1,379

NET BOOK VALUE

At 31 December 2013

1,275

At 31 December 2012

1,225

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.12.13

31.12.12

value:

£

100

Ordinary

1

100

Paramount Radio Communications Limited - Limited company - abbreviated - 11.0.0

Paramount Radio Communications Limited - Limited company - abbreviated - 11.0.0