Company Registration No. 6675508 (England and Wales)
Parami Limited
Unaudited accounts
for the year ended 31 March 2017
Parami Limited
Unaudited accounts
Contents
Parami Limited
Company Information
for the year ended 31 March 2017
Director
Sara Calder-Jones
Company Number
6675508 (England and Wales)
Registered Office
57 Sea Lane
East Preston
West Sussex
BN16 1ND
Accountants
Ian Sykes and Co Limited
1 Windlesham Gardens
Shoreham by Sea
West Sussex
BN43 5AD
Parami Limited
Statement of financial position
as at 31 March 2017
Cash at bank and in hand
1
2
Creditors: amounts falling due within one year
(2,318)
(4,211)
Net current liabilities
(24)
(4,209)
Net liabilities
(24)
(4,209)
Called up share capital
1
1
Profit and loss account
(25)
(4,210)
Shareholders' funds
(24)
(4,209)
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 her 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 27 June 2017.
Sara Calder-Jones
Director
Company Registration No. 6675508
Parami Limited
Notes to the Accounts
for the year ended 31 March 2017
Parami Limited is a private company, limited by shares, registered in England and Wales, registration number 6675508. The registered office and principal place of business is 57 Sea Lane, East Preston, West Sussex, BN16 1ND.
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.
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 2015.
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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Revenue, described as turnover, is the value of goods provided to customers during the year, plus the value of work performed during the year with respect to services.
Revenue is recognised on the sale of goods when the goods are delivered and title has passed. Revenue is recognised on the provision of services on a percentage degree of completion basis calculated by reference to the time expended compared to the total anticipated time.
The director is confident that the company is viable in the future and has pledged her continued support. Consequently, the going concern basis of accounting has been adopted.
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:
Computer equipment
25% straight line
Parami Limited
Notes to the Accounts
for the year ended 31 March 2017
4
Tangible fixed assets
Plant & machinery
6
Creditors: amounts falling due within one year
2017
2016
Corporation tax
1,108
3,229
Other taxes and social security costs
473
106
Loans from directors
(433)
36
The overdrawn balance at the year end is the maximum amount overdrawn during the year. The loan was repaid in full by 27 June 2017.
8
Average number of employees
During the year the average number of employees was 1 (2016: 1).
