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REGISTERED NUMBER: 09537747 (England and Wales)















Financial Statements for the Year Ended 30 April 2024

for

Paramount Kitchens (Midlands) Ltd

Paramount Kitchens (Midlands) Ltd (Registered number: 09537747)






Contents of the Financial Statements
for the Year Ended 30 April 2024




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4

Report of the Accountants 6

Paramount Kitchens (Midlands) Ltd

Company Information
for the Year Ended 30 April 2024







DIRECTOR: Mrs Mandip Kaur





REGISTERED OFFICE: 143 Eastfield Road
Peterborough
Cambridgeshire
PE1 4AU





REGISTERED NUMBER: 09537747 (England and Wales)





ACCOUNTANTS: Accountancy Solutions
143 Eastfield Road
Peterborough
Cambridgeshire
PE1 4AU

Paramount Kitchens (Midlands) Ltd (Registered number: 09537747)

Statement of Financial Position
30 April 2024

30.4.24 30.4.23
Notes £    £    £    £   
FIXED ASSETS
Property, plant and equipment 4 2,405 3,006

CURRENT ASSETS
Inventories 5 19,975 21,900
Debtors 6 - 1,205
Cash in hand 252 300
20,227 23,405
CREDITORS
Amounts falling due within one year 7 5,669 2,143
NET CURRENT ASSETS 14,558 21,262
TOTAL ASSETS LESS CURRENT
LIABILITIES

16,963

24,268

CREDITORS
Amounts falling due after more than
one year

8

9,470

13,846
NET ASSETS 7,493 10,422

CAPITAL AND RESERVES
Called up share capital 9 100 100
Retained earnings 10 7,393 10,322
SHAREHOLDERS' FUNDS 7,493 10,422

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 2024 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.

Paramount Kitchens (Midlands) Ltd (Registered number: 09537747)

Statement of Financial Position - continued
30 April 2024


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

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

The financial statements were approved by the director and authorised for issue on 24 January 2025 and were signed by:





Mrs Mandip Kaur - Director


Paramount Kitchens (Midlands) Ltd (Registered number: 09537747)

Notes to the Financial Statements
for the Year Ended 30 April 2024

1. STATUTORY INFORMATION

Paramount Kitchens (Midlands) 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 Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Revenue 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 - 20% on reducing balance

Stocks
Inventories 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 3 (2023 - 3 ) .

4. PROPERTY, PLANT AND EQUIPMENT
Fixtures
and
fittings
£   
COST
At 1 May 2023
and 30 April 2024 9,240
DEPRECIATION
At 1 May 2023 6,234
Charge for year 601
At 30 April 2024 6,835
NET BOOK VALUE
At 30 April 2024 2,405
At 30 April 2023 3,006

Paramount Kitchens (Midlands) Ltd (Registered number: 09537747)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2024

5. INVENTORIES
30.4.24 30.4.23
£    £   
Stocks 19,975 21,900

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.4.24 30.4.23
£    £   
Other debtors - 1,205

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.4.24 30.4.23
£    £   
Bank loans and overdrafts 515 60
Corporation Tax 1,584 1,557
Other creditors-Credit card 1,689 434
Director's current account 168 92
Accrued expenses 1,713 -
5,669 2,143

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
30.4.24 30.4.23
£    £   
Bank loans - 2-5 years 9,470 13,846

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 30.4.24 30.4.23
value: £    £   
100 Ordinary £1 100 100

10. RESERVES
Retained
earnings
£   

At 1 May 2023 10,322
Profit for the year 1,271
Dividends (4,200 )
At 30 April 2024 7,393

Paramount Kitchens (Midlands) Ltd

Report of the Accountants to the Director of
Paramount Kitchens (Midlands) Ltd

The following reproduces the text of the report prepared for the director in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Statement of Financial Position. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Director are not required to be filed with the Registrar of Companies.

As described on the Statement of Financial Position you are responsible for the preparation of the financial statements for the year ended 30 April 2024 set out on page nil and you consider that the company is exempt from an audit.

In accordance with your instructions, we have compiled these unaudited financial statements in order to assist you to fulfil your statutory responsibilities, from the accounting records and information and explanations supplied to us.






Accountancy Solutions
143 Eastfield Road
Peterborough
Cambridgeshire
PE1 4AU


Date: .............................................