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REGISTERED NUMBER: 07390840 (England and Wales)














Financial Statements for the Year Ended 30 September 2024

for

Paramount Fire Limited

Paramount Fire Limited (Registered number: 07390840)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Paramount Fire Limited

Company Information
for the Year Ended 30 September 2024







DIRECTOR: J T Mason





REGISTERED OFFICE: 1C Amberside
Wood Lane
Hemel Hempstead
Hertfordshire
HP2 4TP





REGISTERED NUMBER: 07390840 (England and Wales)





ACCOUNTANTS: Farrell & Co
1C Amberside
Wood Lane
Hemel Hempstead
Hertfordshire
HP2 4TP

Paramount Fire Limited (Registered number: 07390840)

Balance Sheet
30 September 2024

30.9.24 30.9.23
Notes £    £    £   
FIXED ASSETS
Tangible assets 4 11,909 15,877

CURRENT ASSETS
Debtors 5 3,883 -
Cash at bank 16,315 24,533
20,198 24,533
CREDITORS
Amounts falling due within one year 6 13,033 14,019
NET CURRENT ASSETS 7,165 10,514
TOTAL ASSETS LESS CURRENT
LIABILITIES

19,074

26,391

CREDITORS
Amounts falling due after more than one year 7 (10,539 ) (13,867 )

PROVISIONS FOR LIABILITIES (88 ) (117 )
NET ASSETS 8,447 12,407

CAPITAL AND RESERVES
Called up share capital 8 100 100
Retained earnings 9 8,347 12,307
SHAREHOLDERS' FUNDS 8,447 12,407

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

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 Fire Limited (Registered number: 07390840)

Balance Sheet - continued
30 September 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 28 May 2025 and were signed by:





J T Mason - Director


Paramount Fire Limited (Registered number: 07390840)

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

1. STATUTORY INFORMATION

Paramount Fire Limited 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
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 - 25% on reducing balance
Computer equipment - 25% on reducing balance

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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 profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 2 ) .

4. TANGIBLE FIXED ASSETS
Plant and Computer
machinery equipment Totals
£    £    £   
COST
At 1 October 2023
and 30 September 2024 27,571 1,988 29,559
DEPRECIATION
At 1 October 2023 12,173 1,509 13,682
Charge for year 3,849 119 3,968
At 30 September 2024 16,022 1,628 17,650
NET BOOK VALUE
At 30 September 2024 11,549 360 11,909
At 30 September 2023 15,398 479 15,877

Paramount Fire Limited (Registered number: 07390840)

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

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.9.24 30.9.23
£    £   
Other debtors 3,883 -

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.9.24 30.9.23
£    £   
Finance leases 3,327 3,327
Trade creditors 1 180
Taxation and social security 7,417 8,141
Other creditors 2,288 2,371
13,033 14,019

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
30.9.24 30.9.23
£    £   
Finance leases 10,539 13,867

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 30.9.24 30.9.23
value: £    £   
100 Ordinary 1 100 100

9. RESERVES
Retained
earnings
£   

At 1 October 2023 12,307
Profit for the year 19,040
Dividends (23,000 )
At 30 September 2024 8,347