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REGISTERED NUMBER: 05169418 (England and Wales)




























UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 AUGUST 2024

FOR

PARAS SPORTS LIMITED

PARAS SPORTS LIMITED (REGISTERED NUMBER: 05169418)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024




Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 4

Chartered Accountants' Report 6

PARAS SPORTS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 AUGUST 2024







DIRECTORS: P Jain
Mrs D Jain





SECRETARY: Mrs D Jain





REGISTERED OFFICE: Suite 204 Ashton Old Baths
Stamford Street West
Ashton under Lyne
Lancashire
OL6 7FW





REGISTERED NUMBER: 05169418 (England and Wales)





ACCOUNTANTS: Hanley & Co
Chartered Accountants
Ground Floor 7 Neptune Court
Hallam Way, Whitehills Business Park,
Blackpool
Lancashire
FY4 5LZ

PARAS SPORTS LIMITED (REGISTERED NUMBER: 05169418)

ABRIDGED BALANCE SHEET
31 AUGUST 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Property, plant and equipment 4 181,480 183,672
Investments 5 - 25,000
181,480 208,672

CURRENT ASSETS
Inventories 18,000 18,000
Debtors 61,825 93,755
Cash at bank and in hand 163,093 167,524
242,918 279,279
CREDITORS
Amounts falling due within one year 133,640 128,896
NET CURRENT ASSETS 109,278 150,383
TOTAL ASSETS LESS CURRENT
LIABILITIES

290,758

359,055

CREDITORS
Amounts falling due after more than one year 109,940 180,240
NET ASSETS 180,818 178,815

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 180,718 178,715
SHAREHOLDERS' FUNDS 180,818 178,815

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 August 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 2024 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.

PARAS SPORTS LIMITED (REGISTERED NUMBER: 05169418)

ABRIDGED BALANCE SHEET - continued
31 AUGUST 2024


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

All the members have consented to the preparation of an abridged Statement of Income and Retained Earnings and an abridged Balance Sheet for the year ended 31 August 2024 in accordance with Section 444(2A) of the Companies Act 2006.

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

The financial statements were approved by the Board of Directors and authorised for issue on 28 August 2025 and were signed on its behalf by:





P Jain - Director


PARAS SPORTS LIMITED (REGISTERED NUMBER: 05169418)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024

1. STATUTORY INFORMATION

Paras Sports 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
Revenue is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Stocks
Inventories are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 5 (2023 - 5 ) .

4. PROPERTY, PLANT AND EQUIPMENT
Totals
£   
COST
At 1 September 2023 220,859
Additions 2,871
At 31 August 2024 223,730
DEPRECIATION
At 1 September 2023 37,187
Charge for year 5,063
At 31 August 2024 42,250
NET BOOK VALUE
At 31 August 2024 181,480
At 31 August 2023 183,672

PARAS SPORTS LIMITED (REGISTERED NUMBER: 05169418)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 AUGUST 2024

5. FIXED ASSET INVESTMENTS
Information on loans is as follows:
Totals
£   
At 1 September 2023 25,000
Disposals (25,000 )
At 31 August 2024 -

6. RELATED PARTY DISCLOSURES

Creditors - amounts falling due after more than one year - include an interest free loan due to the directors of £101,607 (2023 - £161,907).

CHARTERED ACCOUNTANTS' REPORT TO THE BOARD OF DIRECTORS
ON THE UNAUDITED FINANCIAL STATEMENTS OF
PARAS SPORTS LIMITED

The following reproduces the text of the report prepared for the directors 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 Balance Sheet. Readers are cautioned that the Abridged Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Paras Sports Limited for the year ended 31 August 2024 which comprise the Abridged Statement of Income and Retained Earnings, Abridged Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of Paras Sports Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Paras Sports Limited and state those matters that we have agreed to state to the Board of Directors of Paras Sports Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Paras Sports Limited and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Paras Sports Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Paras Sports Limited. You consider that Paras Sports Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Paras Sports Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






Hanley & Co
Chartered Accountants
Ground Floor 7 Neptune Court
Hallam Way, Whitehills Business Park,
Blackpool
Lancashire
FY4 5LZ


28 August 2025