Paramount Care Agency Limited - Abbreviated accounts 16.1

REGISTERED NUMBER: SC213893 (Scotland)

Abbreviated Unaudited Accounts for the Year Ended 31 March 2016

for

Paramount Care Agency Limited

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTORS:

Ms R A Smyth

Mrs A A Beaton

Mrs C P M Thomson

REGISTERED OFFICE:

Business Incubator

Myregormie Place

Mitchelston Industiral Estate

Kirkcaldy

Fife

KY1 3NA

REGISTERED NUMBER:

SC213893 (Scotland)

ACCOUNTANTS:

Clark Wishart Limited

Business Incubator Kirkcaldy

Myregormie Place

Kirkcaldy

Fife

KY1 3NA

FIXED ASSETS

Tangible assets

2

14,257

20,283

CURRENT ASSETS

Debtors

109,594

179,941

Cash at bank and in hand

229

32,351

109,823

212,292

CREDITORS

Amounts falling due within one year

50,544

93,852

NET CURRENT ASSETS

59,279

118,440

TOTAL ASSETS LESS CURRENT
LIABILITIES

73,536

138,723

CREDITORS

Amounts falling due after more than one
year

-

(4,939

)

PROVISIONS FOR LIABILITIES

(1,543

)

(2,332

)

NET ASSETS

71,993

131,452

CAPITAL AND RESERVES

Called up share capital

3

100

Profit and loss account

71,893

131,352

SHAREHOLDERS' FUNDS

71,993

131,452

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2016 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 November 2016 and were signed on its behalf
by:

Ms R A Smyth - 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 January 2015).

Turnover

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

The turnover shown in the profit and loss account represents services supplied during the year.

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

-

25% on reducing balance

Deferred tax

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

sheet date.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension

scheme are charged to the profit and loss account in the period to which they relate.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 April 2015

and 31 March 2016

44,531

DEPRECIATION

At 1 April 2015

24,248

Charge for year

6,026

At 31 March 2016

30,274

NET BOOK VALUE

At 31 March 2016

14,257

At 31 March 2015

20,283

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.3.16

31.3.15

value:

£

100

Ordinary

£1

100