Paramount Radio Communications Limited - Accounts to registrar - small 17.2

Paramount Radio Communications Limited - Accounts to registrar - small 17.2

PARAMOUNT RADIO COMMUNICATIONS LIMITED - Company Information

Print Friendly Version

IRIS Accounts Production v17.2.1.52 07459082 Board of Directors 1.1.16 31.12.16 31.12.16 false true false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pure074590822015-12-31074590822016-12-31074590822016-01-012016-12-31074590822014-12-31074590822015-01-012015-12-31074590822015-12-3107459082ns14:PoundSterling2016-01-012016-12-3107459082ns10:Director12016-01-012016-12-3107459082ns10:PrivateLimitedCompanyLtd2016-01-012016-12-3107459082ns10:SmallEntities2016-01-012016-12-3107459082ns10:AuditExempt-NoAccountantsReport2016-01-012016-12-3107459082ns10:SmallCompaniesRegimeForDirectorsReport2016-01-012016-12-3107459082ns10:SmallCompaniesRegimeForAccounts2016-01-012016-12-3107459082ns10:FullAccounts2016-01-012016-12-3107459082ns10:Director22016-01-012016-12-3107459082ns10:RegisteredOffice2016-01-012016-12-3107459082ns5:CurrentFinancialInstruments2016-12-3107459082ns5:CurrentFinancialInstruments2015-12-3107459082ns5:Non-currentFinancialInstruments2016-12-3107459082ns5:Non-currentFinancialInstruments2015-12-3107459082ns5:ShareCapital2016-12-3107459082ns5:ShareCapital2015-12-3107459082ns5:RetainedEarningsAccumulatedLosses2016-12-3107459082ns5:RetainedEarningsAccumulatedLosses2015-12-3107459082ns5:FurnitureFittings2016-01-012016-12-3107459082ns5:ComputerEquipment2016-01-012016-12-3107459082ns5:PlantMachinery2015-12-3107459082ns5:FurnitureFittings2015-12-3107459082ns5:ComputerEquipment2015-12-3107459082ns5:PlantMachinery2016-01-012016-12-3107459082ns5:PlantMachinery2016-12-3107459082ns5:FurnitureFittings2016-12-3107459082ns5:ComputerEquipment2016-12-3107459082ns5:PlantMachinery2015-12-3107459082ns5:FurnitureFittings2015-12-3107459082ns5:ComputerEquipment2015-12-3107459082ns5:CurrentFinancialInstrumentsns5:WithinOneYear2016-12-3107459082ns5:CurrentFinancialInstrumentsns5:WithinOneYear2015-12-31


REGISTERED NUMBER: 07459082















Unaudited Financial Statements for the Year Ended 31 December 2016

for

Paramount Radio Communications Limited

Paramount Radio Communications Limited (Registered number: 07459082)






Contents of the Financial Statements
for the year ended 31 December 2016




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Paramount Radio Communications Limited

Company Information
for the year ended 31 December 2016







DIRECTORS: P A Rawlings
M R Rawlings





REGISTERED OFFICE: Unit 128
Business Design Centre
52 Upper Street,Islington
London
N1 0QH





REGISTERED NUMBER: 07459082





ACCOUNTANTS: J C Associates
Chartered Certified Accountants
27 Dawpool Road
London
NW2 7LD
Page 1
Paramount Radio Communications Limited (Registered number: 07459082)

Balance Sheet
31 December 2016

31.12.16 31.12.15
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 4,948 717

CURRENT ASSETS
Stocks 5 85,669 73,613
Debtors 6 63,073 79,436
Cash at bank and in hand 13,760 1,808
162,502 154,857
CREDITORS
Amounts falling due within one year 7 97,319 109,499
NET CURRENT ASSETS 65,183 45,358
TOTAL ASSETS LESS CURRENT
LIABILITIES
70,131
46,075

CREDITORS
Amounts falling due after more than one
year
8
29,100
28,875
NET ASSETS 41,031 17,200

CAPITAL AND RESERVES
Called up share capital 10,000 10,000
Retained earnings 31,031 7,200
SHAREHOLDERS' FUNDS 41,031 17,200

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

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

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

Balance Sheet - continued
31 December 2016


The financial statements have been prepared and delivered in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors on 20 September 2017 and were signed on its behalf
by:





P A Rawlings - Director


The notes form part of these financial statements

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

Notes to the Financial Statements
for the year ended 31 December 2016

1. STATUTORY INFORMATION

Paramount Radio Communications Limited is a private company, limited by shares , registered in Not
specified/Other. The company's registered number and registered office address can be found on the Company
Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates,
value added tax and other sales taxes.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 .

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Computer
machinery fittings equipment Totals
£    £    £    £   
COST
At 1 January 2016 - 1,000 1,654 2,654
Additions 5,880 - - 5,880
At 31 December 2016 5,880 1,000 1,654 8,534
DEPRECIATION
At 1 January 2016 - 763 1,174 1,937
Charge for year 1,470 59 120 1,649
At 31 December 2016 1,470 822 1,294 3,586
NET BOOK VALUE
At 31 December 2016 4,410 178 360 4,948
At 31 December 2015 - 237 480 717

Page 4 continued...
Paramount Radio Communications Limited (Registered number: 07459082)

Notes to the Financial Statements - continued
for the year ended 31 December 2016

5. STOCKS
31.12.16 31.12.15
£    £   
Finished goods 85,669 73,613

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.16 31.12.15
£    £   
Trade debtors 25,890 42,253
Accrued sales 5,766 5,766
Tekk Europe Limited 11,978 11,978
Rent deposit 834 834
P Rawlings tax account 7,805 7,805
J Taylor tax account 10,800 10,800
63,073 79,436

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.16 31.12.15
£    £   
Trade creditors 41,072 59,835
Corporation tax 6,878 819
Social security and other taxes 1,656 1,275
VAT 8,674 2,107
Net wages 2,943 2,575
PR & JT tax account 18,605 18,605
Directors' current accounts 16,291 23,083
Accrued expenses 1,200 1,200
97,319 109,499

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.12.16 31.12.15
£    £   
M Rawlings 14,550 14,550
P Rawlings 14,550 14,325
29,100 28,875

Page 5