Abbreviated Company Accounts - PARAMOUNT PROPERTIES COMMERCIAL LIMITED

Abbreviated Company Accounts - PARAMOUNT PROPERTIES COMMERCIAL LIMITED

PPC MAINTENANCE LTD - Company Information

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Registered Number 04086282

PARAMOUNT PROPERTIES COMMERCIAL LIMITED

Abbreviated Accounts

31 March 2016

PARAMOUNT PROPERTIES COMMERCIAL LIMITED Registered Number 04086282

Abbreviated Balance Sheet as at 31 March 2016

Notes 2016 2015
£ £
Fixed assets
Tangible assets 2 27,372 22,462
27,372 22,462
Current assets
Debtors 13,848 14,517
Cash at bank and in hand 731 555
14,579 15,072
Creditors: amounts falling due within one year (11,546) (10,441)
Net current assets (liabilities) 3,033 4,631
Total assets less current liabilities 30,405 27,093
Creditors: amounts falling due after more than one year (9,084) -
Total net assets (liabilities) 21,321 27,093
Capital and reserves
Called up share capital 1 1
Profit and loss account 21,320 27,092
Shareholders' funds 21,321 27,093
  • For the year ending 31 March 2016 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.
  • The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
  • The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
  • These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

Approved by the Board on 31 December 2016

And signed on their behalf by:
Mr S.M.Smith, Director

PARAMOUNT PROPERTIES COMMERCIAL LIMITED Registered Number 04086282

Notes to the Abbreviated Accounts for the period ended 31 March 2016

1Accounting Policies

Basis of measurement and preparation of accounts
The accounts have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities effective April 2008.

Turnover policy
The turnover shown in the profit and loss account represents revenue recognised by the company in respect of goods and services supplied during the period, exclusive of Value Added Tax and trade discounts.

Tangible assets depreciation policy
Depreciation is provided, after taking account of any grants receivable, at the following annual rates in order to write off each asset over its estimated useful life. Freehold buildings - 2% on cost or revalued amounts, Plant and Machinery - 15% on cost,Motor vehicles - 25% on cost.

2Tangible fixed assets
£
Cost
At 1 April 2015 57,532
Additions 16,350
Disposals (14,854)
Revaluations -
Transfers -
At 31 March 2016 59,028
Depreciation
At 1 April 2015 35,070
Charge for the year 11,440
On disposals (14,854)
At 31 March 2016 31,656
Net book values
At 31 March 2016 27,372
At 31 March 2015 22,462