Paramount Care Agency Limited - Limited company - abbreviated - 11.0.0

Paramount Care Agency Limited - Limited company - abbreviated - 11.0.0

PARAMOUNT CARE AGENCY LIMITED - Company Information

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REGISTERED NUMBER: SC213893 (Scotland)















Abbreviated Unaudited Accounts for the Year Ended 31 March 2014

for

Paramount Care Agency Limited

Paramount Care Agency Limited (Registered number: SC213893)






Contents of the Abbreviated Accounts
for the Year Ended 31 March 2014




Page

Company Information 1

Abbreviated Balance Sheet 2

Notes to the Abbreviated Accounts 3

Paramount Care Agency Limited

Company Information
for the Year Ended 31 March 2014







DIRECTOR: Ms R Smyth





SECRETARY:





REGISTERED OFFICE: 47 Whytescauseway
Kirkcaldy
Fife
KY1 1XD





REGISTERED NUMBER: SC213893 (Scotland)





ACCOUNTANTS: Fife Business Services Ltd
Business Incubator Kirkcaldy
Myregormie Place
Kirkcaldy
Fife
KY1 3NA
Page 1
Paramount Care Agency Limited (Registered number: SC213893)

Abbreviated Balance Sheet
31 March 2014

31.3.14 31.3.13
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 2 24,455 20,473

CURRENT ASSETS
Debtors 126,441 136,542
Cash at bank and in hand 25,092 2,412
151,533 138,954
CREDITORS
Amounts falling due within one year 45,341 53,215
NET CURRENT ASSETS 106,192 85,739
TOTAL ASSETS LESS CURRENT
LIABILITIES
130,647
106,212

PROVISIONS FOR LIABILITIES 4,178 3,225
NET ASSETS 126,469 102,987

CAPITAL AND RESERVES
Called up share capital 3 100 100
Profit and loss account 126,369 102,887
SHAREHOLDERS' FUNDS 126,469 102,987

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2014.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2014 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her 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 director on 5 December 2014 and were signed by:





Ms R Smyth - Director


The notes form part of these abbreviated accounts

Page 2
Paramount Care Agency Limited (Registered number: SC213893)

Notes to the Abbreviated Accounts
for the Year Ended 31 March 2014

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 April 2008).

Turnover
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.

Office Equipment - 25% on reducing balance
Fixtures and fittings - 25% on reducing balance
Computer equipment - 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 2013 57,322
Additions 12,347
At 31 March 2014 69,669
DEPRECIATION
At 1 April 2013 36,849
Charge for year 8,365
At 31 March 2014 45,214
NET BOOK VALUE
At 31 March 2014 24,455
At 31 March 2013 20,473

3. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.3.14 31.3.13
value: £    £   
100 Ordinary £1 100 100

Page 3 continued...
Paramount Care Agency Limited (Registered number: SC213893)

Notes to the Abbreviated Accounts - continued
for the Year Ended 31 March 2014

4. RELATED PARTY DISCLOSURES

The Company was under the control of Ms R Smyth throughout the current and previous year.

Included within Debtors due within one year is an overdrawn director's loan balance of £17,500 (2013 £223 CR)
with Ms R Smyth. The director's loan is interest free and there are no fixed repayment terms.The overdrawn
balance was repaid in full on the 30th April 2014.

Ms R Smyth is also a director and shareholder of Paramount Care Limited.

Page 4