05658957falsethat of supplying equipment to the plastics industry2023-01-012023-12-31http://www.companieshouse.gov.uk/2022-12-31http://www.companieshouse.gov.uk/cd:CompanySecretary12023-01-012023-12-31http://www.companieshouse.gov.uk/pt:PlantMachinery2022-12-31http://www.companieshouse.gov.uk/pt:ShareCapital2022-12-31http://www.companieshouse.gov.uk/cd:Director12023-01-012023-12-31http://www.companieshouse.gov.uk/pt:PlantMachinery2023-12-31http://www.companieshouse.gov.uk/pt:ShareCapital2023-12-31http://www.companieshouse.gov.uk/pt:ToolsEquipment2022-12-31http://www.companieshouse.gov.uk/cd:OrdinaryShareClass12023-01-012023-12-31http://www.companieshouse.gov.uk/pt:MotorCars2022-12-31http://www.companieshouse.gov.uk/pt:ToolsEquipment2023-12-31http://www.companieshouse.gov.uk/cd:RegisteredOffice2023-01-012023-12-31http://www.companieshouse.gov.uk/pt:MotorCars2023-12-31http://www.companieshouse.gov.uk/cd:AuditExemptWithAccountantsReport2023-01-012023-12-31http://www.companieshouse.gov.uk/pt:CurrentFinancialInstruments2023-12-31http://www.companieshouse.gov.uk/pt:CurrentFinancialInstruments2022-12-31http://www.companieshouse.gov.uk/2023-01-012023-12-31http://www.companieshouse.gov.uk/2022-12-31http://www.companieshouse.gov.uk/cd:FRS1022023-01-012023-12-31http://www.companieshouse.gov.uk/2023-12-31http://www.companieshouse.gov.uk/cd:FullAccounts2023-01-012023-12-31http://www.companieshouse.gov.uk/cd:PrivateLimitedCompanyLtd2023-01-012023-12-31iso4217:GBPxbrli:sharesxbrli:pure
Registered number: 05658957

PARAMOUNT PLASTIC PROCESSING ANCILLARIES LIMITED

ACCOUNTS
FOR THE YEAR ENDED 31 DECEMBER 2023

Prepared By:
D A Roberts Accountancy Services Limited
Chartered Accountants
41 Newbury Drive
Daventry
Northants
NN11 0WQ

PARAMOUNT PLASTIC PROCESSING ANCILLARIES LIMITED

ACCOUNTS
FOR THE YEAR ENDED 31 DECEMBER 2023
DIRECTOR
Mr D Evans
SECRETARY
Mrs I Evans
REGISTERED OFFICE
Jasmine Cottage
Hardwick Road
Priors Marsden
Warwickshire
CV47 7RL
COMPANY DETAILS
Private company limited by shares registered in EW - England and Wales, registered number 05658957
BANKERS
HSBC
ACCOUNTANTS
D A Roberts Accountancy Services Limited
Chartered Accountants
41 Newbury Drive
Daventry
Northants
NN11 0WQ

PARAMOUNT PLASTIC PROCESSING ANCILLARIES LIMITED

ACCOUNTS
FOR THEYEARENDED31 DECEMBER 2023
CONTENTS
Page
Director's Report-
Accountants' Report-
Statement Of Comprehensive Income-
Balance Sheet3
Notes To The Accounts4
The following do not form part of the statutory financial statements:
Trading And Profit And Loss Account-
Profit And Loss Account Summaries-

PARAMOUNT PLASTIC PROCESSING ANCILLARIES LIMITED

BALANCE SHEET AT 31 December 2023
20232022
Notes££
FIXED ASSETS
Tangible assets336,21345,770
CURRENT ASSETS
Stock59,17052,805
Debtors5218,86216,797
Cash at bank and in hand236,988119,440
515,020189,042
CREDITORS: Amounts falling due within one year6285,187120,819
NET CURRENT ASSETS229,83368,223
TOTAL ASSETS LESS CURRENT LIABILITIES266,046113,993
CAPITAL AND RESERVES
Called up share capital722
Profit and loss account266,044113,991
SHAREHOLDERS' FUNDS266,046113,993
For the year ending 31 December 2023 the company was entitled to exemption 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 directors acknowledge their 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.
The directors have decided not to deliver to the registrar a copy of the company's profit and loss account.
Approved by the board on 25 March 2024 and signed on their behalf by
.............................
Mr D Evans
Director

PARAMOUNT PLASTIC PROCESSING ANCILLARIES LIMITED

NOTES TO THE ACCOUNTS
FOR THE YEAR ENDED 31 DECEMBER 2023
1. ACCOUNTING POLICIES
1a. Basis Of Accounting
The accounts have been prepared under the historical cost convention.
The accounts have been prepared in accordance with FRS102 section 1A - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006 .
1b. Depreciation
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives.
Plant and Machineryreducing balance 25%
Equipmentreducing balance 25%
Motor Carsreducing balance 5%
1c. Stocks
Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell (net realisable value). Costs, which comprise direct production costs, are based on the method most appropriate to the type of inventory class, but usually on a first-in-first-out basis. Overheads are charged to profit or loss as incurred. Net realisable value is based on the estimated selling price less any estimated completion or selling costs.
When stocks are sold, the carrying amount of those stocks is recognised as an expense in the period in which the related revenue is recognised. The amount of any write-down of stocks to net realisable value and all losses of stocks are recognised as an expense in the period in which the write-down or loss occurs. The amount of any reversal of any write-down of stocks is recognised as a reduction in the amount of stocks recognised as an expense in the period in which the reversal occurs.
1d. Pension Costs
The company operates a defined contribution pension scheme. The pension charge represents the amounts payable by the company to the fund in respect of the year.
2. EMPLOYEES
20232022
No.No.
Average number of employees44

PARAMOUNT PLASTIC PROCESSING ANCILLARIES LIMITED

3. TANGIBLE FIXED ASSETS
Plant and
MachineryEquipmentMotor CarsTotal
££££
Cost
At 1 January 202379,6071,98811,00092,595
At 31 December 202379,6071,98811,00092,595
Depreciation
At 1 January 202344,2481,0081,56946,825
For the year8,8402454729,557
At 31 December 202353,0881,2532,04156,382
Net Book Amounts
At 31 December 202326,5197358,95936,213
At 31 December 202235,3599809,43145,770
4. STOCK 20232022
££
Stock comprises:
Finished Goods59,17052,805
59,17052,805
5. DEBTORS 20232022
££
Amounts falling due within one year
Trade debtors110,74015,218
VAT7,543-
PAYE control44-
Prepayments100,5351,579
218,86216,797

PARAMOUNT PLASTIC PROCESSING ANCILLARIES LIMITED

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
20232022
££
UK corporation tax88,3504,864
VAT-18,322
Director current account1,9003,088
Trade creditors189,9512,676
Other creditors2,26190,681
Accruals2,7251,188
285,187120,819
7. SHARE CAPITAL 20232022
££
Allotted, issued and fully paid:
2 Ordinary shares of £1 each22
22
8. CONTROLLING PARTY
The company was under the control of Mr D Evans and Mrs I Evans. Mr D Evans is the Director of the company.
9. RELATED PARTY TRANSACTIONS
During the year dividends of £125,000 were declared. £62,500 to Mr D Evans, the director of the company, and £62,500 to Mrs I Evans.