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REGISTERED NUMBER: 02824140 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MAY 2023

FOR

PARAMOUNT ENGINEERING LIMITED

PARAMOUNT ENGINEERING LIMITED (REGISTERED NUMBER: 02824140)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2023




Page

Balance Sheet 1


PARAMOUNT ENGINEERING LIMITED (REGISTERED NUMBER: 02824140)

BALANCE SHEET
31 MAY 2023

2023 2022
£    £    £    £   
FIXED ASSETS 56,912 67,571

CURRENT ASSETS 172,167 205,190

CREDITORS
Amounts falling due within one year (48,704 ) (87,373 )
NET CURRENT ASSETS 123,463 117,817
TOTAL ASSETS LESS CURRENT
LIABILITIES

180,375

185,388

CREDITORS
Amounts falling due after more than one
year

8,750

13,750
NET ASSETS 171,625 171,638

CAPITAL AND RESERVES 171,625 171,638

NOTES TO THE FINANCIAL STATEMENTS

1. STATUTORY INFORMATION

Paramount Engineering Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number: 02824140

Registered office: Unit 16-17
Pontcynon Industrial Estate
Abercynon
Mountain Ash
Mid Glamorgan
CF45 4EP

2. AVERAGE NUMBER OF EMPLOYEES

The average number of employees during the year was 4 (2022 - 4 ) .

PARAMOUNT ENGINEERING LIMITED (REGISTERED NUMBER: 02824140)

BALANCE SHEET - continued
31 MAY 2023

NOTES TO THE FINANCIAL STATEMENTS

3. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 May 2023 and 31 May 2022:

2023 2022
£    £   
M Parsell
Balance outstanding at start of year 9,713 5,134
Amounts advanced 40,484 52,810
Amounts repaid (35,986 ) (48,231 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 14,211 9,713

A Parsell
Balance outstanding at start of year 14,512 10,150
Amounts advanced 40,463 52,728
Amounts repaid (36,000 ) (48,366 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 18,975 14,512



The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 May 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 2023 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 in accordance with the micro-entity provisions and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The financial statements were approved by the Board of Directors and authorised for issue on 21 February 2024 and were signed on its behalf by:





B Parsell - Director