Paramount Trades & Labour Ltd - Abbreviated accounts 16.1

Paramount Trades & Labour Ltd - Abbreviated accounts 16.1

PARAMOUNT TRADES & LABOUR LTD - Company Information

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REGISTERED NUMBER: 07485471










Abbreviated Unaudited Accounts for the Year Ended 31 January 2016

for

Paramount Trades & Labour Ltd

Paramount Trades & Labour Ltd (Registered number: 07485471)






Contents of the Abbreviated Accounts
for the Year Ended 31 January 2016




Page

Company Information 1

Abbreviated Balance Sheet 2

Notes to the Abbreviated Accounts 4

Paramount Trades & Labour Ltd

Company Information
for the Year Ended 31 January 2016







DIRECTOR: M Campbell





REGISTERED OFFICE: Unit 1.2 B
The Old Fire Station
140 Tabernacle Street
London
EC2A 4SD





REGISTERED NUMBER: 07485471





ACCOUNTANTS: Granite Morgan Smith Limited
122 Feering Hill
Feering
Colchester
Essex
CO5 9PY
Page 1
Paramount Trades & Labour Ltd (Registered number: 07485471)

Abbreviated Balance Sheet
31 January 2016

31.1.15 31.1.16
£    £    Notes £    £   
FIXED ASSETS
10,597 Tangible assets 2 42,536

CURRENT ASSETS
915,211 Debtors 1,027,208
77,641 Cash at bank and in hand 220,017
992,852 1,247,225
CREDITORS
887,547 Amounts falling due within one year 978,124
105,305 NET CURRENT ASSETS 269,101
115,902 TOTAL ASSETS LESS CURRENT
LIABILITIES
311,637

CREDITORS
- Amounts falling due after more than one
year
(16,045
)

(2,119 ) PROVISIONS FOR LIABILITIES (2,184 )
113,783 NET ASSETS 293,408

CAPITAL AND RESERVES
180 Called up share capital 3 125
- Capital redemption reserve 55
113,603 Profit and loss account 293,228
113,783 SHAREHOLDERS' FUNDS 293,408

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2016.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2016 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 abbreviated accounts

Page 2 continued...
Paramount Trades & Labour Ltd (Registered number: 07485471)

Abbreviated Balance Sheet - continued
31 January 2016


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 14 April 2016 and were signed by:





M Campbell - Director


The notes form part of these abbreviated accounts

Page 3
Paramount Trades & Labour Ltd (Registered number: 07485471)

Notes to the Abbreviated Accounts
for the Year Ended 31 January 2016

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 January 2015).

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 or, if held under a finance lease, over the lease term, whichever is the shorter.

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.

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held
under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases
are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to the profit and loss account over the relevant period. The
capital element of the future payments is treated as a liability.

2. TANGIBLE FIXED ASSETS
Total
£   
COST
At 1 February 2015 14,194
Additions 38,822
At 31 January 2016 53,016
DEPRECIATION
At 1 February 2015 3,597
Charge for year 6,883
At 31 January 2016 10,480
NET BOOK VALUE
At 31 January 2016 42,536
At 31 January 2015 10,597

3. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.1.16 31.1.15
value: £    £   
60 Ordinary Share 1 60 90
65 Ordinary A to H £1 65 90
125 180

Page 4 continued...
Paramount Trades & Labour Ltd (Registered number: 07485471)

Notes to the Abbreviated Accounts - continued
for the Year Ended 31 January 2016

3. CALLED UP SHARE CAPITAL - continued

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

Page 5