Paramount Interiors ( South East) Ltd - Accounts to registrar (filleted) - small 17.3

REGISTERED NUMBER: 08389334 (England and Wales)

Unaudited Financial Statements

for the Year Ended 31 August 2017

for

Paramount Interiors ( South East) Ltd

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

J Layzell

Miss B M Norman

SECRETARY:

REGISTERED OFFICE:

Top Floor

Claridon House

London Road

Stanford Le Hope

Essex

SS17 0JU

REGISTERED NUMBER:

08389334 (England and Wales)

ACCOUNTANTS:

PBA Group (South East) Limited

Top Floor

Claridon House

London Road

Stanford Le Hope

Essex

SS17 0JU

FIXED ASSETS

Tangible assets

4

-

7,554

CURRENT ASSETS

Debtors

5

115,224

3,412

Cash at bank and in hand

87,093

63,886

202,317

67,298

CREDITORS

Amounts falling due within one year

6

197,989

70,991

NET CURRENT ASSETS/(LIABILITIES)

4,328

(3,693

)

TOTAL ASSETS LESS CURRENT LIABILITIES

4,328

3,861

CAPITAL AND RESERVES

Called up share capital

2

2

Retained earnings

4,326

3,859

SHAREHOLDERS' FUNDS

4,328

3,861

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 August 2017.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 2017 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 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 29 November 2017 and were signed on its behalf by:

J Layzell - Director

1.	STATUTORY INFORMATION

Paramount Interiors ( South East) Ltd is a private company, limited by shares , registered in England

and Wales. 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.

Plant and machinery etc

-

25% on cost

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement,

except to the extent that it relates to items recognised in other comprehensive income or directly in

equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been

enacted or substantively enacted by the balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at

the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods

different from those in which they are recognised in financial statements. Deferred tax is measured

using tax rates and laws that have been enacted or substantively enacted by the year end and that are

expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable

that they will be recovered against the reversal of deferred tax liabilities or other future taxable

profits.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 September 2016

and 31 August 2017

30,232

DEPRECIATION

At 1 September 2016

22,678

Charge for year

7,554

At 31 August 2017

30,232

NET BOOK VALUE

At 31 August 2017

-

At 31 August 2016

7,554

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2017

2016

£

£

Trade debtors

115,224

3,412

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2017

2016

£

£

Trade creditors

84,419

91

Taxation and social security

58,519

27,493

Other creditors

55,051

43,407

197,989

70,991