Paramount Scaffolding Limited

Paramount Scaffolding Limited

PARAMOUNT SCAFFOLDING LIMITED - Company Information

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Company Registration No. 07186406 (England and Wales)
Paramount Scaffolding Limited Unaudited accounts for the year ended 31 March 2017
Paramount Scaffolding Limited Unaudited accounts Contents
Page
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Paramount Scaffolding Limited Company Information for the year ended 31 March 2017
Director
LUKE JESSUP
Company Number
07186406 (England and Wales)
Registered Office
FOXLEIGH SPEKES ROAD HEMPSTEAD GILLINGHAM KENT ME7 3RT UNITED KINGDOM
Accountants
AXIS ACCOUNTS 28 REGENCY COURT ST AUGUSTINES ROAD RAMSGATE KENT CT11 9PN
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Paramount Scaffolding Limited Statement of financial position as at 31 March 2017
2017 
2016 
Notes
£ 
£ 
Fixed assets
Tangible assets
4
82,155 
107,772 
Current assets
Debtors
5
34,253 
64,048 
Cash at bank and in hand
42,708 
79,502 
76,961 
143,550 
Creditors: amounts falling due within one year
6
(8,375)
(54,640)
Net current assets
68,586 
88,910 
Total assets less current liabilities
150,741 
196,682 
Creditors: amounts falling due after more than one year
7
(22,717)
(28,645)
Provisions for liabilities
Deferred tax
(9,708)
(14,247)
Net assets
118,316 
153,790 
Capital and reserves
Called up share capital
102 
102 
Profit and loss account
118,214 
153,688 
Shareholders' funds
118,316 
153,790 
For the year ending 31 March 2017 the company was entitled to exemption from audit 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 director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities.
Approved by the Board on 31 May 2017.
LUKE JESSUP Director Company Registration No. 07186406
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Paramount Scaffolding Limited Notes to the Accounts for the year ended 31 March 2017
1
Statutory information
Paramount Scaffolding Limited is a private company, limited by shares, registered in England and Wales, registration number 07186406. The registered office and principal place of business is FOXLEIGH SPEKES ROAD, HEMPSTEAD, GILLINGHAM, KENT, ME7 3RT, UNITED KINGDOM.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
These financial statements for the year ended 31 March 2017 are the first financial statements that comply with FRS 102 Section 1A Small Entities. The date of transition is 1 April 2016. The transition to FRS 102 Section 1A Small Entities has resulted in a small number of changes in accounting policies to those used previously. The nature of these changes and their impact on opening equity and profit for the comparative period are explained in the notes below.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Fixtures & fittings
20% - 25% Reducing balance
4
Tangible fixed assets
Fixtures & fittings 
£ 
Cost or valuation
At cost 
At 1 April 2016
154,844 
Additions
1,767 
At 31 March 2017
156,611 
Depreciation
At 1 April 2016
47,072 
Charge for the year
27,384 
At 31 March 2017
74,456 
Net book value
At 31 March 2017
82,155 
At 31 March 2016
107,772 
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Paramount Scaffolding Limited Notes to the Accounts for the year ended 31 March 2017
5
Debtors
2017 
2016 
£ 
£ 
Trade debtors
28,667 
47,769 
Other debtors
5,586 
16,279 
34,253 
64,048 
6
Creditors: amounts falling due within one year
2017 
2016 
£ 
£ 
Obligations under finance leases and hire purchase contracts
6,109 
8,223 
Trade creditors
450 
5,984 
Corporation tax
5 
34,309 
Other taxes and social security costs
1,611 
- 
Other creditors
- 
1,863 
Loans from directors
- 
4,261 
Accruals
200 
- 
8,375 
54,640 
7
Creditors: amounts falling due after more than one year
2017 
2016 
£ 
£ 
Obligations under finance leases and hire purchase contracts
22,717 
- 
Other creditors
- 
28,645 
22,717 
28,645 
8
Average number of employees
During the year the average number of employees was 3 (2016: 3).
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