Paramount Radio Communications Limited - Abbreviated accounts 16.1

Paramount Radio Communications Limited - Abbreviated accounts 16.1

PARAMOUNT RADIO COMMUNICATIONS LIMITED - Company Information

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REGISTERED NUMBER: 07459082 (England and Wales)















Abbreviated Unaudited Accounts for the Year Ended 31 December 2015

for

Paramount Radio Communications Limited

Paramount Radio Communications Limited (Registered number: 07459082)






Contents of the Abbreviated Accounts
for the year ended 31 December 2015




Page

Company Information 1

Abbreviated Balance Sheet 2

Notes to the Abbreviated Accounts 4

Paramount Radio Communications Limited

Company Information
for the year ended 31 December 2015







DIRECTORS: M R Rawlings
P A Rawlings





REGISTERED OFFICE: Unit 128
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
Page 1
Paramount Radio Communications Limited (Registered number: 07459082)

Abbreviated Balance Sheet
31 December 2015

31.12.15 31.12.14
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 2 717 956

CURRENT ASSETS
Stocks 73,613 65,144
Debtors 79,436 41,856
Cash at bank and in hand 1,808 5,830
154,857 112,830
CREDITORS
Amounts falling due within one year 109,499 74,277
NET CURRENT ASSETS 45,358 38,553
TOTAL ASSETS LESS CURRENT
LIABILITIES
46,075
39,509

CREDITORS
Amounts falling due after more than one
year
28,875
35,475
NET ASSETS 17,200 4,034

CAPITAL AND RESERVES
Called up share capital 3 10,000 100
Profit and loss account 7,200 3,934
SHAREHOLDERS' FUNDS 17,200 4,034

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2015.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2015 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 notes form part of these abbreviated accounts

Page 2 continued...
Paramount Radio Communications Limited (Registered number: 07459082)

Abbreviated Balance Sheet - continued
31 December 2015


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 20 September 2016 and were signed on its behalf
by:




M R Rawlings - Director



P A Rawlings - Director


The notes form part of these abbreviated accounts

Page 3
Paramount Radio Communications Limited (Registered number: 07459082)

Notes to the Abbreviated Accounts
for the year ended 31 December 2015

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.

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 2015
and 31 December 2015 2,654
DEPRECIATION
At 1 January 2015 1,698
Charge for year 239
At 31 December 2015 1,937
NET BOOK VALUE
At 31 December 2015 717
At 31 December 2014 956

3. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.12.15 31.12.14
value: £    £   
10,000 Ordinary 1 10,000 100

9,900 Ordinary shares of 1 each were allotted and fully paid for cash at par during the year.

Page 4